SpaceX IPO chatter hits crypto, but flows point to ETF redemptions as the real seller
Stablecoin and exchange-flow data stayed in-range as BTC dipped below $60K, while spot ETF outflows totaled about $4.4B through June 3.
Stablecoin and exchange-flow data stayed in-range as BTC dipped below $60K, while spot ETF outflows totaled about $4.4B through June 3.
The proof of concept tests whether institutions can settle onchain without exposing counterparties and flows on public ledgers.
The Clearing House is expected to operate the bank-owned rail as a regulated alternative to stablecoin payment flows.
GENIUS is signed but not yet effective, keeping stablecoins under state MTL rules until final regs start a 120-day clock or Jan. 18, 2027 hits.
The network says issuers and acquirers will be able to settle some transactions intraday, on weekends, and on holidays using regulated stablecoins.
Jenny Johnson pointed to Benji’s Stellar cost figures and a MoonPay stablecoin workflow as the institutional path.
The pact sets shared metrics, audit and status data exchange, and crisis coordination tied to MiCA oversight.
The 93-day T-bill ETF is built for payment-stablecoin reserve eligibility as CLARITY’s yield fight drags on.
BTC printed an intraday low near $66,948 as traders refocused on the $66,250 50-month EMA and deeper downside zones.
The package also backs yen-denominated stablecoins and frames the push as keeping pace with US regulation.
The launch starts with two Steakhouse-curated vaults and uses on-device clear-signing for deposits and withdrawals.
The court also flagged cross-border finance disputes and promised civil-compensation interpretations for insider trading and manipulation.
The designation cites suspected Russia-linked facilitation via A7 LLC and Garantex, while HTX says it adheres to UK rules.
Lagarde warned ECOFIN that larger euro stablecoins could destabilize deposits and weaken monetary policy transmission.
The Amsterdam-based group is targeting a MiCA-aligned euro stablecoin launch in the second half of 2026.
Christoph Hock cited USDC’s $0.87 and $0.74 prints and criticized Tether’s gold-and-bitcoin reserve exposure.
Deputy Governor Sarah Breeden also flagged a review that could ease consumer limits on GBP stablecoin holdings.
A Vietnam demo settled to a bank account in under 3 minutes, but South Korea’s stablecoin rules remain stalled.
After a $120M raise backed by Nasdaq and Deutsche Bank, Elliptic is building an “agentic” compliance system to automate monitoring.
The ruble-pegged token tied to Promsvyazbank is positioning as a non-dollar settlement rail even if Russia sanctions ease.