cryptocurrency news ftasiamanagement

Cryptocurrency news ftasiamanagement

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In summary, if the Fed maintains a hawkish stance, US Treasury yields may continue to rise, and the crypto world may face sustained selling pressure; conversely, if economic data weakens or geopolitical risks ease, funds may flow back to risk assets like cryptocurrencies.

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The pessimistic scenario is strong data, i.e., new additions ≥200,000, unemployment rate ≤4.1%, wage growth rebounding. Rate cut expectations delayed, BTC may test support levels and weaken with fluctuations.

cryptocurrency+news

Cryptocurrency+news

Recently, Mantle Network integrated with EigenDA, reducing transaction fees significantly while improving transaction speed. As Mantle builds, it also integrates Stargate, enabling seamless, bridgeless transfers.

“The bipartisan GENIUS Act will provide regulatory clarity to this important industry, keep innovation on shore, add robust consumer protection, and reaffirm the dominance of the U.S. dollar,” Gillibrand continued.

Another Trump-family linked crypto venture called World Liberty Financial recently announced that it was issuing its own stablecoin, called USD1. The stablecoin got a huge boost when World Liberty Financial announced last week that an investment fund in the United Arab Emirates would be using $2 billion worth of USD1 to purchase a stake in Binance, the world’s largest cryptocurrency exchange.

cryptocurrency news

Recently, Mantle Network integrated with EigenDA, reducing transaction fees significantly while improving transaction speed. As Mantle builds, it also integrates Stargate, enabling seamless, bridgeless transfers.

“The bipartisan GENIUS Act will provide regulatory clarity to this important industry, keep innovation on shore, add robust consumer protection, and reaffirm the dominance of the U.S. dollar,” Gillibrand continued.

Cryptocurrency news

Republicans and Democrats had continued negotiating after the bill initially failed to advance, resulting in a new amendment draft over the weekend that garnered enough support among Democrats to move the package forward.

Also, this week’s top crypto news story is the Avalanche Summit in London, expected to start on Tuesday, May 20. The sentiment is that the Avalanche network might make major announcements during the summit.

“Many senators, myself included, have very real concerns about the Trump family’s use of crypto technologies to evade oversight, hide shady financial dealings, and personally profit at the expense of everyday Americans. We have a duty to shine a light on these abuses and stop Donald Trump from exploiting emerging technologies to enrich himself, dodge accountability, and weaken the safeguards that protect American consumers and the rule of law,” noted Warner.

The bill seeks to curb Big Tech’s control over digital money, demanding special approval before giants like Meta can issue their own stablecoins. This is noteworthy because it is the first step toward true financial decentralization backed by federal law.