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Ueno’s collapse exposed the fragility of digital banking in Paraguay, as customers scrambled for access to their money and stablecoins offered a lifeline.
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Injective faces potential further downside risks as falling futures Open Interest, weakening derivatives activity, and mounting sell pressure weigh heavily on the cryptocurrency near crucial technical support levels.
Ethereum dropped 1.7% to near $2,000 following BitMine Immersion Technologies reporting a massive $6.3 billion annual net loss driven by unrealized digital asset portfolio declines.
Dogecoin faces deeper losses and ongoing vulnerability as whale wallets dump 750 million tokens, dragging DOGE down to a fresh yearly low of $0.066 amid a broader market downturn.
The Series B valued Griffin at more than $100 million and will help fund stablecoin reserve services and onchain cross-border payments.
Coinbase’s EU policy chief says applying suitability tests beyond crypto lending and borrowing could limit access and fragment liquidity.
Crypto markets were left with “less fuel” to rally after the market cap of major stablecoins saw its biggest 30-day drop in over four years.
