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Stablecoin adoption is ‘exploding’. Here’s what’s next for this Red Hot sector

For the past few years, stablecoins have been defined by a narrow reality: essentially a two-horse race between Tether’s USDT and Circle’s (CRCL) USDC, with the majority of activity concentrated on crypto-native exchanges. What comes next looks significantly different, Alchemy co-founder and president Joe Lau told CoinDesk in an interview. The short-term trajectory of stablecoins

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LUNC up over 160% in one week as Kwon judgments and token burns draw traders

LUNCH$0.0₄6315the repurposed token from the collapsed Terra ecosystem, posted one of the biggest gains in the crypto market over the past 24 hours, rising more than 74% to $0.0000072 on exploding trading volume. The token has risen more than 160% in the past week. The rally comes ahead of the Dec. 11 sentencing of Terraform

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Ripple Token faces downside as social sentiment turns wildly negative

XRP fell towards the $2 mark in the early US hours on Friday as social sentiment around the token soured sharply, with new data from research firm Santiment showing the deepest stretch of bearish commentary since October. The reversal in crowd sentiment comes after a two-month decline of around 31%, leaving the token vulnerable to

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Japan puts BTC in the crosshairs for a yen bear relaxed

The Bank of Japan is preparing to raise interest rates at its December policy meeting, a move that will lift the country’s benchmark interest rate to the highest level since 1995 and potentially reverberate through global risk markets, including crypto. People with knowledge of the matter told Bloomberg that policymakers are leaning toward a 25

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The European Commission wants to transfer crypto supervision to ESMA

The European Commission, the executive arm of the European Union (EU), proposed ending individual countries’ oversight of cryptocurrency companies and transferring responsibility to the bloc’s market regulator as part of moves to “fully integrate” EU financial markets. The commission wants to address the inconsistencies resulting from different supervisory approaches among the 27 member states and

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Aptos (APT) falls 6% to $1.85 as technical breakdown accelerates

APT$1.7282 weakened sharply during Friday’s session, falling 6% to $1.85 as technical selling overwhelmed buyers. The token lagged the broader crypto market, with the CoinDesk 20 index down 2.5% at press time. Trading volume remained muted at just 10.8% of the 30-day average, suggesting APT’s decline lacks broad participation, according to CoinDesk Research’s technical analysis

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Small Texas Lender Monet Joining Field of Crypto-Focused Banks

Monet Bank, a small community bank in Texas owned by a billionaire political supporter of President Donald Trump, has entered the field of crypto lenders, billing itself as an “infrastructure bank” focused on digital assets. “Monet is focused on being the leading financial institution for digital assets, providing innovative and forward-looking solutions for the digital

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