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The embattled Harbor Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2.1 million of debt.
Tech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets.
Bitcoin investors have been unmoved by recent macroeconomic data. Muted reactions suggest that they’ve already priced in much of what has occurred
The latest price moves in crypto markets in context for July 20, 2023.
The share of bitcoin trade volume on Japanese exchanges rose from 69% to 80% in the first six months of the year, data tracked by Kaiko show.
The CCIP protocol is designed to help build cross-chain applications and services and went live for early access users on the Avalanche, Ethereum, Optimism and Polygon blockchains this week.
El Salvador’s bonds due in 2027 have gained 62% in the last six months as the country finds itself on a better financial footing.
A lot can be learned from the listing of the first Gold ETF, but looking to the past also comes with some caveats.
We view XRP's breakout above the Ichimoku cloud as a good example for bitcoin, Fairlead's Katie Stockton said.
PLUS: Ripple's partial victory last week in its ongoing legal feud with the Securities and Exchange Commission left important questions unsettled for token issuers, a crypto lawyer told CoinDesk TV.
- 23:02There is a 93.3% probability that the Federal Reserve will keep interest rates unchanged in JulyAccording to CME "FedWatch" reported by Jinse Finance, there is a 93.3% probability that the Federal Reserve will keep interest rates unchanged in July, and a 6.7% probability of a 25 basis point rate cut. For September, the probability of rates remaining unchanged is 59.7%, the probability of a cumulative 25 basis point rate cut is 36.2%, and the probability of a cumulative 50 basis point rate cut is 4.1%.
- 22:51Bank of England Governor Warns Banks Against Issuing Stablecoins, Urges Focus on Deposit TokenizationAccording to a report by Jinse Finance, Bank of England (BOE) Governor Andrew Bailey recently warned banks against issuing stablecoins, stating that the Bank of England should focus on the tokenization of deposits. He emphasized that stablecoins pose systemic risks to banking institutions, potentially undermining the stability of the entire financial system and causing sovereign governments to lose control over their currencies. He also added that the Bank of England should not adopt a central bank digital currency (CBDC) or otherwise seek to introduce centrally managed digital fiat tokens.
- 22:38Metaplanet CEO: Company Business Expansion Set to LaunchAccording to Jinse Finance, Metaplanet's CEO stated that as the company's market capitalization surpasses $7 billion, foreign investment interest is on the rise. Gerovich has met with asset management firms in the EU, and the company's business expansion is about to commence.