An industry trade group is urging the US securities regulator to reject a wave of relief requests from crypto companies seeking to offer tokenized stocks. The Securities Industry and Financial Markets Association (SIFMA), which consists of securities issuers and finance firms, said in a letter on Monday that it has a “significant concern” about reports…
USDC, the second-largest stablecoin by market capitalization, has been losing market share against its main rival, Tether’s USDt, on the major payment platform BitPay in 2025. After dominating stablecoin transactions on BitPay in 2024, Circle’s USDC (USDC) saw its transaction share plummet against Tether’s USDt (USDT), according to BitPay data shared with Cointelegraph. In January…
China’s e-commerce heavyweight JD.com and Ant Group, the fintech arm of Alibaba, are lobbying the People’s Bank of China (PBOC) to greenlight Chinese yuan-based stablecoins to counter the global rise of US dollar-pegged tokens. The two firms urged regulators to allow stablecoins backed by offshore yuan (Chinese yuan that circulates outside mainland China) to launch…
Key takeaways: Bitcoin (BTC) price has formed a series of lower highs and lower lows in the 1-hour time frame since reaching a three-week high of $110,300 on July 2. As the end of the week approaches, BTC price has failed to break above the all-time high at $112,000. What’s keeping Bitcoin price below $112,000?…
Key points: Bitcoin (BTC) saw flash volatility into the Thursday Wall Street open as US employment data dealt a blow to hopes of interest-rate cuts. ”Very hot” US jobs numbers trip up Bitcoin bulls Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retracing much of the day’s gains, which had seen the pair reach…
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