Dollar-backed stablecoins can push local currencies lower, Bank of Korea study finds
Buying pressure in Binance-paired currencies correlates with local currency depreciation as market makers balance positions.
Local
Coinbase makes a major play for India’s booming $3 billion crypto market with local currency launch
Nasdaq-listed Coinbase exchange announced Monday a major market move: the launch of direct rails for Indian rupees (INR). Starting June 1, 2026, the exchange’s Indian customers can deposit and withdraw rupees directly from their bank accounts via the Immediate Payment Service (IMPS), a move designed… Read More
JPMorgan downplays stablecoin threat as local bankers warn of $6.6 trillion risk
The ABA sent a letter to the U.S. Senate, saying stablecoins that offer yields will affect its banking members ability to grant loans, but JPMorgan disagrees.
New Lows Below $93K, but Local Bottom Could Be Near, Analysts Say
Bitcoin BTC$91,741.15 slumped to a fresh six-month low on Monday, extending its multi-week retreat as crypto sentiment continued to deteriorate. After a slight rebound from overnight lows, BTC — in what’s become a familiar pattern — resumed its decline in the U.S. session, falling to… Read More