People still think (or feel) because Bitcoin is down crypto is down.
Derivatives/perps, stablecoins, prediction markets, etc are all up in crypto.
Crypto touches every area of finance, and is much broader than Bitcoin now. It will take some time for this to sink in.
(And yes - Bitcoin is going to do great and is as important as ever - one of many cycles we've all been through.)
BE ALERT: Gold has officially surpassed U.S. Treasuries as the world’s largest reserve asset by market value, according to the European Central Bank.
Read that again.
For decades, nations stored wealth in U.S. debt. Now central banks are aggressively accumulating hard assets.
This doesn’t mean the dollar is dead.
It means the smartest money in the world is preparing for a different future.
Watch what central banks DO, not what politicians SAY.
The global financial system is changing in real time.
Position accordingly.
Excited for Coinbase to be live in India 🇮🇳with direct INR rails. Sign up today and try it out!
Deposit and withdraw available now for some users (rolling out to 100% over next ~2 weeks).
India is arguably the number one crypto market globally (by number of users).
Introducing MGUSD.
MoneyGram's native U.S. dollar stablecoin.
Natively issued on @StellarOrg.
Built with @Stablecoin, @M0 and @FireblocksHQ.
Live in the U.S. today.
Stablecoins pose risks for their holders and for the financial system. New research shows that both liquidity and capital thresholds are needed to mitigate these risks. It also illustrates how to calibrate these thresholds to meet regulatory objectives.
https://t.co/YImgXzY1IL
🚨HUGE: SWIFT confirms over 50 major banks will implement CRYPTO rails for cross-border payments.
Bank of America, JP Morgan, Deutsche Bank, Bank of China and SBI are among the banks backing the initiative, with over 25 set to begin processing payments by June.
Swift handles over $150 TRILLION annually.
The Clarity Act is the future of finance, laying the rules of the road and establishing America as the crypto capital of the world.
This bill says that the future of finance should be built in America, under American laws, and with American values.
If the United States doesn't establish the global standard for digital asset regulation, someone else will.
China is not waiting.
The Clarity Act is how America leads — and how we ensure our adversaries don't write the rules of the next financial era.
JUST IN: 🇺🇸 Treasury Secretary Scott Bessent says the U.S. Government has seized $1 billion of Iran's crypto:
"Just outright grabbed the wallets. Some of them may be typing in right now and might not realize their wallet had been grabbed."
JUST IN: 🇺🇸 SEC Chair Paul Atkins says he is confident Congress will pass crypto market structure legislation and President Trump will sign it into law.
Big day for our US-based traders, and for Coinbase.
Until now, US users have been locked out of ~80% of global crypto markets (perpetual futures and options). But not anymore!
Coinbase is the first and only regulated platform able to connect US users to global crypto options and perpetual futures (including Deribit options with >$31B in OI).
Thanks to Chairman Selig and @CFTC for making this possible.
I am not an arrogant person, but I want to put this out there. I have been in banking systems for 16 years and actively working for 21 years. I am a computer engineer and hold many vastly different titles and awards.
Since we work on banking systems, we are also generally referred to as a "Banking Systems Engineer"
For the price I am talking about to become a reality, the system needs to work flawlessly. There are many positive and negative factors involved in this.
First and foremost, the Clarity Act absolutely must pass. Following that, as Ripple also mentioned, there will be a process of 3 weeks to 3 months. If everything goes exactly as we want, there is no reason at all for the price not to be at these levels or even higher. But many people, including myself, are tired of waiting.
I don't want to exhaust my brain anymore,,,I just want a happy life free from stress......