News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
Traders Shift Focus from Bitcoin to USDT and USDC
Traders are once again gravitating towards the U.S. dollar over Bitcoin, with USDT and USDC stablecoins gaining dominance. This trend aligns with predictions of prolonged high interest rates by the Fed.
Mercation Admin4 min - Crypto
SoFi Launches Bank-Issued Stablecoin for 15 Million Users
SoFi has introduced SoFiUSD, a dollar-backed stablecoin, to nearly 15 million users, enabling them to trade and earn interest via its banking app.
Mercation Admin3 min - Crypto
Bankless Co-Founder Sells ETH, Questions Its Overvaluation
David Hoffman, co-founder of Bankless, has sold some of his Ethereum holdings and expressed doubts about its future valuation, while maintaining a positive view of the network itself.
Mercation Admin2 min - Crypto
HTX Denies U.K. Sanction Claims, States It Declined Ruble Stablecoin Listing
HTX has rejected U.K. claims of aiding Russia by denying a listing for the A7A5 ruble stablecoin, emphasizing its compliance with regulations.
Mercation Admin3 min - Crypto
XRP Holds Steady Around $1.32 Amidst Failed Breakout and Tightening Trading Range
XRP is currently trading around $1.32 after failing to break out past $1.36, remaining within a narrowing range that traders are closely monitoring.
Mercation Admin3 min - Crypto
New AMM Amendment May Bridge Major DeFi Gap for XRPL
A new proposal for the XRP Ledger's automated market maker seeks to introduce three new curve types, enhancing liquidity providers' options and addressing a significant gap in XRPL DeFi.
Mercation Admin4 min - News
Crypto Sector Challenges Senator Warren's Allegations on Bank Charter Approvals
The crypto industry is contesting Senator Warren's claims that recent bank charter approvals for firms like Coinbase and Ripple are illegal, citing Congressional support for such actions.
Mercation Admin2 min - Crypto
StablR Halts USDR and EURR Services Following $13.5 Million Token Minting Attack
StablR has suspended its USDR and EURR operations following a cyberattack that resulted in the minting of $13.5 million in unbacked tokens, leading to significant losses.
Mercation Admin3 min - Crypto
Stablecoin Market Capitalization Surpasses Reserves of 95 Countries
The market capitalization of stablecoins has reached $323 billion, surpassing the reserves of 95 countries, including the UK and Canada.
Mercation Admin1 min - Crypto
Stablecoin Market Value Hits $322 Billion, Surpassing 95 Nations' FX Reserves
The stablecoin market has reached a historic valuation of $322 billion, surpassing the FX reserves of 95 nations, including the UK and Canada.
Mercation Admin4 min - Crypto
XRP Falls Below $1.35 as Triangle Breakdown Draws Attention to $1.30 Support
XRP has fallen below $1.35 after a failed breakout, drawing traders' attention to the critical $1.30 support level.
Mercation Admin3 min - Crypto
Georgia Partners with Tether to Launch Official Stablecoin GELT
Tether is set to launch GELT, a stablecoin pegged to the Georgian Lari, in collaboration with the Georgian government, aiming to establish the country as a crypto hub.
Mercation Admin2 min