China

XRP tumbles 9% as break below $1.36 wipes out relief rally

XRP experienced a significant decline, dropping 9% after breaking below the $1.36 support level, which effectively erased its recent relief rally. This downturn has raised concerns among investors about the cryptocurrency's momentum and potential for recovery. Analysts suggest that the breach of this key price point may lead to further selling pressure. The broader market sentiment remains cautious, reflecting ongoing volatility in the cryptocurrency space.

Read the full article: CoinDesk

Trump Orders Federal Agencies to Dump 'Woke' Anthropic AI After Pentagon Dispute

Former President Donald Trump has directed federal agencies to cease using Anthropic's AI technology, labeling it as "woke" following a dispute involving the Pentagon. The order comes after concerns were raised about the AI's alignment with progressive values, which Trump and his supporters argue

The 'stablecoin sandwich' is dead: Why the next phase of crypto payments is all about the user relationship

The article discusses the decline of the "stablecoin sandwich" model in cryptocurrency payments, which relied on stablecoins for transaction stability. It emphasizes a shift towards enhancing user relationships and experiences in crypto transactions. As the market evolves, the focus is moving away from merely using stablecoins to a

Banking Regulator Floats New Stablecoin Yield Rules—Do They Hurt Coinbase?

A banking regulator has proposed new rules for stablecoin yields that could impact platforms like Coinbase. The guidelines aim to ensure that stablecoin issuers maintain sufficient reserves and transparency regarding the yields they offer to consumers. Critics argue that these regulations may stifle innovation and limit the competitive edge of

Iran crisis puts the regime's $7.8 billion crypto shadow economy in spotlight

Iran's ongoing crisis has brought attention to its substantial $7.8 billion cryptocurrency economy, which operates largely in the shadows. The Iranian regime has increasingly turned to cryptocurrencies as a means to circumvent international sanctions and bolster its economy. This underground crypto market is seen as a critical

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Trump Orders Federal Agencies to Dump 'Woke' Anthropic AI After Pentagon Dispute

The 'stablecoin sandwich' is dead: Why the next phase of crypto payments is all about the user relationship

Banking Regulator Floats New Stablecoin Yield Rules—Do They Hurt Coinbase?

Iran crisis puts the regime's $7.8 billion crypto shadow economy in spotlight