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Crypto
Tech Insight: Why stablecoins still are not used like money despite being super infrastructure
Zach Abrams, founder and CEO of stablecoin issuer Open Standard, said stablecoins can be as stable as cash, profitable and transferable online, but are not being used effectively for transactions. He cited hurdles in card settlement, institutional trading, corporate treasury management and fintech infrastructure. Abrams said Open Standard is focused on solving these issues with OpenUSD by sharing reserve income, charging small per-transaction fees and imposing no withdrawal fee.
Crypto
XRP plunge to $1.38 triggers long liquidations; 1-hour imbalance tops 10,535 percent
XRP slid to $1.38 as forced liquidations of long positions far exceeded losses on short positions, blockchain outlet U.Today reported. The move began as XRP retreated from an intraday high of $1.4150 during the U.S. Labor Day holiday period, triggering stop-losses and margin liquidations among high-leverage traders. Some exchanges saw outflows, while MEXC and Bybit drew speculative demand, with MEXC volume jumping 118.32 percent.
Crypto
Bitcoin stays near $77,000, shaken by weak bonds and Asian stocks
Bitcoin’s on-chain demand indicator has turned negative again after rebounding in August. Cointelegraph reported that bitcoin briefly fell to around $76,400 on Sept. 1 before recovering part of the $77,000 level. The drop followed $236 million of outflows from spot bitcoin ETFs. Asian stock markets fell, while the dollar-yen pair showed unusual moves that markets read as a potential central bank intervention signal.
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Crypto
Ethereum rally sees little profit-taking as exchange holdings fall
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Crypto
Digital asset alliances emerge as banks, brokerages and asset managers race to team up
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Crypto
Bitcoin nears $80,000 threshold as Treasury buybacks fuel rally
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Crypto
Binance-only BTC plunge: Peter Brandt says it pushes investors off a cliff
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Crypto
Strategy again does not buy bitcoin, secures $1.59 billion cash reserve
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Crypto
Strategy raises $2.01 billion by selling MSTR shares, launches USD Cash for bitcoin treasury
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Finance
Race to pre-empt won stablecoin as third financial hub nears
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Crypto
Solana tokenised treasuries and stocks drive RWA to $4 billion record
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Crypto
Danal joins global Open USD stablecoin ecosystem
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Crypto
Bitcoin.com adds self-custody support for USDU, expands distribution
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Crypto
U.S. Treasury doubles long-term bond buybacks, sending yields down and lifting bitcoin and ether
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Finance
Woori Bank launches mobile payment service for additional overseas remittance fees
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Crypto
Bitcoin battles around $63,500 level as downside risk grows on fading rebound momentum
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Crypto
Arthur Hayes says dollar supply could rise as Japan defends yen; bitcoin, gold may benefit
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Crypto
Bitcoin slips, gold jumps as risk aversion grows ahead of U.S. CPI