SBI VC Trade, a subsidiary of Japan’s SBI Group, is set to support Circle’s USDC stablecoin following regulatory changes that ease stablecoin rules in the country. The firm has completed its first registration for stablecoin transactions and plans to launch a trading trial for USDC on March 12, with a full rollout expected soon. This development comes after Japan’s Financial Services Agency approved recommendations to lift the ban on foreign stablecoins, marking a significant shift in the regulatory landscape.
about SBI VC Trade to Support USDC as Japan Eases Stablecoin RegulationsUSDATA Corp.
0 in Finance and 0 in Crypto last weekCircle CEO Advocates for US Registration of Dollar-Pegged Stablecoins
Circle co-founder Jeremy Allaire has urged for US dollar-pegged stablecoin issuers to be registered in the United States, highlighting the need for regulatory clarity as discussions on stablecoin oversight intensify. This call aligns with Senator Bill Hagerty’s recent bill aimed at establishing a federal framework for stablecoin regulation, amidst concerns over reserve backing and financial stability risks. As stablecoins become integral to the cryptocurrency ecosystem, the push for clear regulations is seen as vital for both industry trust and innovation.
about Circle CEO Advocates for US Registration of Dollar-Pegged StablecoinsBybit Hack Highlights Risks and Responses in Cryptocurrency Security
The Bybit cryptocurrency exchange was hacked, resulting in the loss of 401,000 Ether, valued at approximately $1.1 billion, with the North Korean Lazarus Group suspected. Unlike decentralized cryptocurrencies, digital securities can be controlled by issuers, allowing them to mitigate fraud or theft. While decentralization advocates oppose censorship, the incident highlights the complexities of transaction control on blockchains, as block producers could potentially exclude transactions from the hackers’ wallets.
about Bybit Hack Highlights Risks and Responses in Cryptocurrency SecurityArgentina’s LIBRA Memecoin Launch Linked to Controversial MELANIA Creator
The volatile memecoin LIBRA, backed by Argentinian President Javier Milei, was launched by the same team behind Melania Trump’s MELANIA asset. Despite a market cap surge to $4 billion, support for LIBRA waned after a price collapse, with investigations revealing potential insider trading and profit sniping linked to its creators.
about Argentina's LIBRA Memecoin Launch Linked to Controversial MELANIA CreatorJavier Milei Faces Impeachment After Endorsing Controversial Cryptocurrency Project
Argentine President Javier Milei faces impeachment calls after endorsing the Libra (LIBRA) token, which collapsed from a $4.56 billion market cap to $257 million in just 11 hours, amid allegations of a massive insider scam. Despite deleting his endorsement, insider wallets cashed out over $107 million shortly after the token’s launch, raising concerns about its flawed tokenomics. Milei claims he was unaware of the project’s details and accuses political opponents of exploiting the situation.
about Javier Milei Faces Impeachment After Endorsing Controversial Cryptocurrency ProjectUSDC Treasury Burns 50 Million Tokens to Manage Supply and Demand
On February 8, 2025, the USDC Treasury burned 50 million USDC tokens on the Ethereum blockchain, following a similar action a week earlier. This token burn, part of a dynamic supply management strategy, helps maintain the stablecoin’s peg to the U.S. dollar by aligning supply with demand. The Treasury also minted 50 million tokens on February 6, reflecting ongoing adjustments to ensure stability and trustworthiness in the stablecoin ecosystem.
about USDC Treasury Burns 50 Million Tokens to Manage Supply and DemandEthereum Price Recovers as Exchange Outflows Reach Nearly One Billion Dollars
Ethereum has rebounded to $2,800 as significant exchange outflows approached $1 billion, with investors withdrawing 350,000 ETH following a recent price crash. This trend indicates accumulation by whales, potentially signaling a bullish outlook for the cryptocurrency. The Exchange Netflow will be crucial to monitor in the coming days, as continued outflows could support further price recovery.
about Ethereum Price Recovers as Exchange Outflows Reach Nearly One Billion DollarsStablecoin Liquidity Surge Signals Potential Crypto Market Rally Ahead
Expanding stablecoin liquidity, now exceeding $204 billion, signals growing investor confidence and could catalyze a crypto market rally, particularly for Bitcoin, which some experts project could reach $117,000. Donald Trump’s endorsement of USD-backed stablecoins over CBDCs emphasizes a shift towards financial privacy and regulatory clarity, while increasing interest from retail and institutional investors suggests a pivotal moment for the crypto market in 2025.
about Stablecoin Liquidity Surge Signals Potential Crypto Market Rally AheadBitcoin’s Promising February Following a Strong January Performance
Bitcoin experienced significant volatility in January, starting at around $93,500 and reaching a new all-time high of over $109,000 before closing the month with a 9.29% increase. February historically shows strong performance for BTC, with only two of the last twelve Februaries ending negatively, and bullish sentiment is bolstered by increased stablecoin reserves on exchanges and potential regulatory support from the U.S. government.
about Bitcoin's Promising February Following a Strong January PerformanceStablecoins Market Cap Surpasses 200 Billion Driven by USDT and USDC
Stablecoins have surged past a $211 billion market cap, marking a 73% increase since August 2023, primarily driven by Tether’s USDT, which is valued at nearly $140 billion. USDC is also gaining traction, reflecting a shift in investor confidence amid declining altcoin prices. This trend could signal potential bullish momentum in the stablecoin market in the coming months.
about Stablecoins Market Cap Surpasses 200 Billion Driven by USDT and USDCSolana-based ridesharing app Teleport announces shutdown and wind down process
Solana-based ridesharing app Teleport is shutting down, expressing gratitude to its community for their support. The app will assist users in off-ramping their USDC balances and private keys until February 28. Founded in 2022, Teleport aimed to innovate ride-sharing through a decentralized model but ultimately could not sustain its business.
about Solana-based ridesharing app Teleport announces shutdown and wind down processBitcoin Faces Selling Pressure Easing Amid Speculation of Market Rebound
Bitcoin’s price briefly dipped below $100,000 after reaching an all-time high of over $109,000, leading to speculation about its next move. Analyst Burak Kesmeci noted a decline in Taker Sell Volume on Binance, suggesting easing selling pressure and potential for renewed buying interest. However, concerns about stablecoin flows and market sentiment indicate that Bitcoin may face a prolonged consolidation period before any significant recovery.
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