Sony Bank Signs MOU to Integrate Yen Stablecoin JPYC

Sony Bank said it has signed a memorandum of understanding with stablecoin issuer JPYC Inc. to study whether the Japanese yen-pegged stablecoin JPYC can be connected more directly to the bank’s deposit rails. In a statement on Monday, the companies said they will study real-time account transfers that would allow users to purchase JPYC instantly…

What Does It Mean For BTC?

Bitcoin (BTC) initially dropped before paring all losses, leaving market participants wondering what higher oil prices would mean for BTC price going forward. Key takeaways: Escalating Middle East conflict pushes oil to $79, putting Bitcoin at risk of a drop to $60,000 due to inflation shocks and delayed Fed rate cuts. BTC drops against oil…

Crypto ETPs Post $1B Inflows as Bitcoin Leads Gains

Crypto investment products recorded their first weekly inflows since January, snapping a five-week outflow streak totaling roughly $4 billion. Crypto exchange-traded products (ETPs) attracted $1 billion last week, led by $882 million into Bitcoin (BTC) funds, according to a Monday report from CoinShares. “From a macro standpoint, it is difficult to attribute the shift in…

Aave Proposal Clears First Hurdle After Split Vote

Aave’s “Aave Will Win” framework passed its Temp Check vote, clearing the first formal stage of the protocol’s governance process.  On Sunday, the off-chain Snapshot vote closed with 52.58% voting in favor, 42% against and 5.42% abstaining. The result advances the measure to the Aave Request for Final Comment (ARFC) stage, where terms may be…

Vitalik Buterin Says AI Coding Could Help Ethereum Roadmap

Vitalik Buterin says AI coding still has “massive caveats,” but people should expect Ethereum’s roadmap to be finished much faster than expected. Ethereum co-founder Vitalik Buterin says an experiment that used artificial intelligence to prototype the blockchain’s roadmap out to 2030 in just a few weeks could have lessons for developers.  “This is quite an…

Hong Kong links up with Shanghai trade authorities to put cargo data on blockchain

Hong Kong is doubling down on its role as China’s financial bridge, signing a new agreement with Shanghai authorities to build cross-border blockchain rails for cargo trade and trade finance. The memorandum of understanding between the Hong Kong Monetary Authority, the Shanghai Data Bureau, and the National Technology Innovation Center for Blockchain, announced Monday afternoon…

Bitcoin Trades Near Fair-Value As Buyer Interest Weakens At $64K

Onchain data tracking Bitcoin’s (BTC) investor profitability has dropped back toward the long-term average, indicating a possible valuation reset. At the same time, crypto exchange order flow shows an easing of aggressive selling pressure, with the spot cumulative volume delta (CVD) rising marginally even as the spot trading volume dropped to $6 billion from $7.6…

Will Bitcoin Boom Or Bust?

Key takeaways: Analysts downgraded US stocks due to high valuations, a weak dollar and policy risks despite AI-driven earnings growth. Limited S&P 500 upside may shift capital toward Bitcoin, especially if major sovereign funds announce BTC reserves. Bitcoin (BTC) price plunged below $65,500 on Friday, effectively erasing gains established on Wednesday. This correction closely tracked…

Magic Eden Shifts Focus From NFTs to Casino Platform

Magic Edin is shifting resources from NFTs to its casino platform Dicey, after a closed beta saw $15 million wagered by around 200 users in two months. Solana-based nonfungible token (NFT) marketplace Magic Eden is winding down its support for Bitcoin and Ethereum to double down on its upcoming online casino and sportsbook, Dicey.   Magic…

Magic Eden Shifts Focus From NFTs to Casino Platform

Solana-based nonfungible token (NFT) marketplace Magic Eden is winding down its support for Bitcoin and Ethereum as it plans to double down on its upcoming online casino and sportsbook, Dicey.   Magic Eden CEO and co-founder Jack Lu said in an X post on Friday that it is winding down support for its Ethereum Virtual Machine…