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Crypto

Money flows into \'digital dollar\' stablecoins, shaking banks and national monetary systems

Stablecoins are spreading as a near real-time, 24-hour tool for moving money, raising concerns they could accelerate outflows from bank deposits and national currencies during financial stress or sharp currency declines. The European Central Bank has flagged potential liquidity mismatches between round-the-clock redemptions and reserve assets that move on traditional settlement schedules. The BIS also found stablecoin flows tend to rise alongside foreign-currency deposits in crisis situations.

Crypto

Citigroup raises bitcoin 12-month target to $113,000 on expected ETF inflows

Citigroup raised its 12-month bitcoin price target to $113,000 from $82,000 and lifted its ether target to $3,028 from $2,240, CoinPost reported. The bank expects capital to return to crypto markets as advisers and brokerages gradually increase bitcoin allocations, forecasting about $5 billion of inflows over 12 months. It cited recent price rebounds and factors such as dollar weakness after U.S. Treasury long-term bond buybacks, as well as regulatory developments.

Crypto

Bitwise cites four areas that benefited from Clarity bill stall

Bitwise pointed to the U.S. Securities and Exchange Commission\'s swift regulatory response as a reason crypto markets stayed strong after the Clarity market structure bill stalled in the U.S. Senate. Matt Hougan said the setback left several areas better off, including stablecoins, crypto exchanges, tokenization platforms and revenue-generating tokens. He cited SEC steps such as a conditional exemption for trading tokenized U.S. listed shares and guidance in an FAQ.