News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Banking Policy
BIS: Stablecoins Not Suitable for Widespread Payments
The head of the BIS stated that stablecoins lack reliability for widespread payments, advocating instead for tokenized bank deposits as the foundation of a digital financial system.
Mercation Admin2 min - Crypto
BitGo Acquires NYDIG's Institutional Trading Division for $42.5 Million
BitGo has acquired NYDIG's institutional trading business for $42.5 million, enhancing its service offerings for professional clients in the digital asset market.
Mercation Admin2 min - Crypto
Solana Accelerates Inflation Reduction for SOL Tokens
Solana's on-chain governance approved a proposal to double the annual disinflation rate for SOL tokens, significantly accelerating the path to its inflation target.
Mercation Admin2 min - Crypto
Charles Schwab Expands Crypto Offerings to Include Additional Coins
Charles Schwab is set to expand its crypto trading platform by adding Solana, Avalanche, and Chainlink, enhancing client options beyond Bitcoin and Ethereum.
Mercation Admin2 min - Crypto
Ethena Proposes to Allocate 100% of Revenue for ENA Buyback
Ethena Foundation proposes to use all net revenue for ENA token buybacks, aiming to stabilize demand and restructure ownership.
Mercation Admin2 min - Banking Policy
Bank of England to Promote Crypto Payments and Stablecoins
The UK government plans to empower the Bank of England to support innovation in payment systems, including stablecoins, while ensuring financial stability.
Mercation Admin1 min - Banking Policy
Bank of England Assigned New Legal Responsibility for Stablecoin Development
The Bank of England will now have a legal duty to drive innovation in payment systems and digital money, as announced by the Treasury.
Mercation Admin2 min - Crypto
Galaxy Launches Retail Crypto-Backed Credit Lines for Bitcoin, Ethereum, and Solana
Galaxy has launched its GalaxyOne Crypto Portfolio Line of Credit, allowing U.S. clients to borrow against Bitcoin, Ethereum, and Solana without selling their assets.
Mercation Admin2 min - Banking Policy
Formation of BankChain Alliance to Create Bank-Owned Blockchain Network
Thirty-nine state banking associations have launched the BankChain Alliance, aiming to create a bank-owned blockchain network for various financial services by 2027.
Mercation Admin2 min - Crypto
Revolut Introduces Euro-Pegged EURR Stablecoin
Revolut has begun the phased rollout of its EURR stablecoin, pegged to the euro, to select customers in Denmark, Poland, and Portugal.
Mercation Admin2 min - Crypto
LayerZero Unveils ATLAS as Its New Trading and Settlement Engine
LayerZero has launched ATLAS, a new settlement engine designed to support exchanges, leading to a notable increase in the ZRO token value.
Mercation Admin4 min - Crypto
Blockchain Association Advocates for Limited KYC on Stablecoins
The Blockchain Association urges regulators to limit stablecoin identity checks to direct issuer-customer relationships, warning against broader requirements.
Mercation Admin3 min