Author: driver789
Societe Generale-FORGE, the crypto arm of French banking company Societe Generale, has deployed its euro-denominated stablecoin on the Stellar blockchain, completing a multichain expansion first announced in 2025.The stablecoin, known as EUR CoinVertible (EURCV), is designed to comply with the European Union’s Markets in Crypto-Assets (MiCA) framework and represents a tokenized euro issued by the company for use in digital asset markets.According to the company, the Stellar deployment is intended to broaden the stablecoin’s use across blockchain-based financial applications and tokenized asset services.SG-FORGE said Stellar offers high transaction throughput, low network fees and built-in support for tokenized assets. The network…
The prediction markets platform argued for an injunction against Ohio authorities, claiming that federal commodities laws superseded state laws on sport event contracts.An Ohio federal court has denied a motion filed by prediction markets platform Kalshi for a preliminary injunction against Ohio state authorities over allegations that the company was operating in violation of gambling laws.In an order filed Monday, US District Court for the Southern District of Ohio Chief Judge Sarah Morrison denied Kalshi’s request for an injunction that would have blocked the Ohio Casino Control Commission and state attorney general from regulating contracts on the platform, specifically for…
XRP ($1.38 · Live) spot exchange-traded funds have been defying conventional wisdom about how new investment products usually behave during market crashes.These ETFs have accumulated over $1.4 billion since launching in November — maintaining their assets under management despite XRP’s precipitous drop to $1.40 on Tuesday from around $3 just before the ETFs went live. “Like Solana, this is really impressive given these launched into a brutal 45% drawdown,” Bloomberg Intelligence ETF analyst Eric Balchunas wrote on X. “Traditionally, inflows are near impossible for an ETF having a reverse shiny object moment, and especially if they are brand new.”That resilience…
There is a war going on between crypto firms and traditional banks over stablecoins, and Jefferies analysts said that they could become a steady drag on bank earnings as digital dollar use spreads.While stablecoins aren’t going to be an immediate existential threat to banks and aren’t likely to trigger a sudden run on U.S. bank deposits, Jefferies analysts estimate banks could see 3% to 5% core deposit runoff over the next five years. This would likely raise funding costs and chip away at banks’ profitability.”The intermediate-term risk of gradual deposit runoff from emerging activity-based yield opportunities and payments use cases…
Ethereum price has gone nowhere since February 7 this year. While this could be a sign of bottoming, it has formed an alarming chart pattern, signaling a potential crash. Summary Ethereum price has formed a bearish flag pattern on the daily chart. Spot ETH ETFs have shed millions of assets this month. The coin may have a strong bearish breakout in the near term. Ethereum (ETH) price was trading at $2,065 today, March 10, as it rose for the second consecutive day. Despite this rise, it has remained inside the support and resistance levels at $1,843 and $2,143. The ongoing…
Bitcoin (BTC) is showing technical warning signs that have caught the attention of market watchers, with one analyst now predicting a dramatic price collapse in the world’s largest cryptocurrency. The analyst noted that a Bitcoin candlestick pattern that previously preceded a devastating crash to below $20,000 has reappeared on the weekly chart, reigniting fears that history may be repeating itself. If it does, it could completely rewrite the narrative of this entire market cycle. Historical Setup Signals Bitcoin Potential Crash To $19,000 Market analyst Tony Severino has issued a stark warning to Bitcoin investors and holders, sharing a technical analysis…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum may be back above the pivotal $2,000 price level, but the broader cryptocurrency landscape is still struggling to regain a bullish trajectory. Even with the market struggling with persistent volatility, Ethereum buying activity on the institutional level does not seem to be slowing down yet. Another Major Ethereum Buy From Bitmine When it seems like sentiment is cooled down, Bitmine Immersion Technologies has doubled down on Ethereum, the second-largest cryptocurrency asset, again. In the highly volatile sector, the company continues to expand its digital asset holdings,…
Bitcoin reaching $1 million per coin often sounds unrealistic to investors, but multi-billion dollar asset manager chief investment officer (CIO) Matt Hougan says the skepticism usually stems from a basic misunderstanding about how the asset should be valued. In a memo released Tuesday, the CIO of Bitwise Asset Management argued that many analysts rely on “static math” when thinking about bitcoin’s long-term price potential. According to Hougan, that approach ignores the fact that the market bitcoin competes in — the global store-of-value market — has expanded at a rapid pace for decades. Hougan wrote that a lot of people hear…
BitMine Immersion Technologies (BMNR), the largest corporate holder of Ethereum (ETH) worldwide, announced on Monday that it had made a significant new purchase of nearly 61,000 ETH. BitMine Holds 3.7% Of Total Ethereum Supply BitMine’s latest transaction, comprising 60,976 Ethereum tokens, marks the company’s largest weekly acquisition in terms of tokens so far in 2026. Following this acquisition, BitMine’s total ETH holdings have risen to 4.5 million tokens. Notably, BitMine now holds around 3.76% of the total Ethereum supply, positioning itself over 75% of the way toward its ambitious target dubbed the “Alchemy of 5%” within just eight months. Related…
Societe Generale-FORGE, the crypto arm of French banking company Societe Generale, has deployed its euro-denominated stablecoin on the Stellar blockchain, completing a multichain expansion first announced in 2025.The stablecoin, known as EUR CoinVertible (EURCV), is designed to comply with the European Union’s Markets in Crypto-Assets (MiCA) framework and represents a tokenized euro issued by the company for use in digital asset markets.According to the company, the Stellar deployment is intended to broaden the stablecoin’s use across blockchain-based financial applications and tokenized asset services.SG-FORGE said Stellar offers high transaction throughput, low network fees and built-in support for tokenized assets. The network…