By Emir Abyazov Key highlights: Banking groups warn stablecoin yield loophole risks $6.6 trillion deposit outflow. GENIUS Act bans direct stablecoin interest but loophole allows yield via affiliates. Banks fear stablecoins offering yield could destabilize credit and increase borrowing costs. US banking groups have urged Congress to close a loophole in the GENIUS Act, which […]
Tag: BPI
By Marco Piccolo Bitcoin’s bullish engine is roaring once more—and the catalysts are stacking up fast. From massive institutional moves to ultra-optimistic price projections, the king of crypto is entering a fresh phase of upward momentum. With the dust of early 2024’s volatility settling, BTC has punched through key resistance zones and is eyeing the […]
By YDN Grayscale introduced two innovative Bitcoin ETFs—BTCC and BPI—to harness BTC’s volatility for income generation and capital appreciation. Despite Bitcoin’s 1.67% drop to $83,706.40, ETF inflows totaled $218.1M, signaling strong investor interest. The BTCC ETF focuses on steady income via covered calls, while BPI targets long-term growth with higher-strike options. Grayscale is aggressively expanding […]