News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
Circle's Stock Drops 8% as Major Firms Launch Competing Stablecoin
Circle's shares dropped 8% after the launch of Open USD, a new stablecoin supported by major firms including Stripe and Coinbase, which allows partners to retain reserve income.
Mercation Admin4 min - Crypto
MetaMask Introduces Money Account for Stablecoin Yield and Spending
MetaMask has launched its Money Account, allowing users to earn yield on stablecoins while spending and trading from a single wallet.
Mercation Admin3 min - News
Nasdaq Enhances Market Data Distribution via Blockchain
Nasdaq is set to distribute its TotalView market data via the Pyth Network, making it accessible through blockchain infrastructure for financial firms.
Mercation Admin3 min - Crypto
New York Life Enters Tokenization with On-Chain High-Yield Bond Fund via Centrifuge
New York Life Investment Management is launching its first tokenized high-yield bond fund in collaboration with Centrifuge, marking a significant move into blockchain finance.
Mercation Admin3 min - Crypto
Bitcoin Approaches 2024 Lows as Options Traders Seek Downside Protection
Bitcoin and Ether are nearing critical support levels as traders seek downside protection amid market volatility, while some tokens like XLM and LIT show resilience.
Mercation Admin5 min - Crypto
Where is the Perpetual DEX Market Headed? Insights from AFX Team
The AFX team discusses the evolving landscape of perpetual DEXs, highlighting market trends, infrastructure advancements, and the role of AI in trading.
Mercation Admin5 min - Crypto
XRP Maintains $1 Support Amid Increased Network Activity and Reduced Leverage
XRP maintains its crucial $1 support level while network activity surges and leverage clears, setting the stage for potential price movements.
Mercation Admin4 min - Crypto
Bitcoin Sales Plan Puts Pressure on Ether, Solana, and Dogecoin
The cryptocurrency market faces downward pressure as major assets like Ether, Solana, and Dogecoin decline, influenced by a strong dollar and a potential bitcoin sales plan from Strategy.
Mercation Admin4 min - Crypto
Tether's Premium in India Reaches 7% to 10% Amid Supply Issues
Tether's USDT stablecoin is currently trading at a premium of 7% to 10% in India due to supply-demand imbalances, according to leading exchanges.
Mercation Admin5 min - Crypto
BitMine Acquires $43 Million in Ethereum While Strategy Halts Bitcoin Purchases
BitMine has invested an additional $43 million in Ethereum despite market downturns, while Strategy has paused its Bitcoin purchases amid scrutiny.
Mercation Admin2 min - Crypto
Ripple Proposes Institutional Borrowing Against Tokenized Assets on XRPL
Ripple is looking to allow institutions to borrow against tokenized assets on the XRPL through a proposed lending protocol, pending validator approval.
Mercation Admin4 min - Crypto
BlackRock Enhances DeFi Engagement with Ethena Integration, Boosting ENA by 8%
BlackRock has announced its integration of Ethena's yield-generating token into its risk management platform, causing ENA to rise by 8%.
Mercation Admin4 min