theer613 pfp

theer613

@theer613

199 Following
29 Followers
theer613 pfp
theer613
@theer613
https://warpcast.com/masonthan812/0x651a4458
0 reply
0 recast
0 reaction
theer613 pfp
theer613
@theer613
Davis, founder of the controversial Libra (LIBRA) memecoin project, claimed that complaints about memecoin trading stem from investors frustrated over not being part of insider deals.
0 reply
0 recast
0 reaction
theer613 pfp
theer613
@theer613
Today in crypto, Libra token founder Hayden Davis claimed memecoin critics are just upset they missed insider deals, defending the controversial practice in a Coffeezilla interview, 12 US states reported holding shares in Michael Saylor’s Strategy, and a Trump administration adviser said the president is meeting regularly with US Federal Reserve Chair Jerome Powell.
0 reply
0 recast
0 reaction
theer613 pfp
theer613
@theer613
Bitcoin traded at $108,342 at the time of writing and is up around 3% over the past 24 hours, according to data from CoinGecko.
0 reply
0 recast
0 reaction
theer613 pfp
theer613
@theer613
According to data from TradingView, BTC hi According to data from TradingView, BTC hit a new high of $109,036 at 6:55 am UTC before dropping below $108,000 in minutes. t a new high of $109,036 at 6:55 am UTC before dropping below $108,000 in minutes.
0 reply
0 recast
0 reaction
theer613 pfp
theer613
@theer613
Fidelity Ethereum Fund (FETH) again notched second place, with $1.5 billion in net inflows.
0 reply
7 recasts
17 reactions
theer613 pfp
theer613
@theer613
BlackRock’s iShares Bitcoin Trust (IBIT) netted more than three times the inflows of runner-up Fidelity Wise Origin Bitcoin Fund (FBTC), which attracted nearly $12 billion in net inflows this year, Farside said in a Dec. 31 post on the X platform.
0 reply
4 recasts
15 reactions
theer613 pfp
theer613
@theer613
The funds raised will support the development of the protocol, with capital to be deployed on security and user acquisition. The protocol claims a total value locked of over $63 million as of Dec. 31, with plans to expand into crosschain operations and other DeFi services.
0 reply
1 recast
16 reactions
theer613 pfp
theer613
@theer613
Another trend to watch in 2025 is the growth of stablecoins tied to local currencies. In 2024, the Central Bank of the United Arab Emirates approved the launch of the dirham-backed stablecoin AE Coin, which it said will be the first stablecoin the central bank will regulate.
0 reply
1 recast
14 reactions
theer613 pfp
theer613
@theer613
MiCA’s framework might encourage local players to enter the market with euro-backed stablecoins, creating more competition and potentially shifting the market dynamics away from dollar-centric options.
0 reply
1 recast
12 reactions
theer613 pfp
theer613
@theer613
At present, there are concerns around Tether’s USDT stablecoin. It dominates the market but lacks the necessary licensing for MiCA compliance, and there are rumors that exchanges are preparing to delist USDT for European users. If Tether doesn’t secure a license, it risks losing significant market share in the region. Such a moment may open the door for regulated alternatives such as USDC, which has already obtained the necessary European approvals.
0 reply
1 recast
12 reactions
theer613 pfp
theer613
@theer613
This regulatory clarity will open the door for banks to offer custody services, which are vital for integrating crypto into traditional financial systems. Custody solutions enable banks to safely store digital assets on behalf of their clients, serving institutional investors and cautious retail users.
0 reply
1 recast
15 reactions
theer613 pfp
theer613
@theer613
The European Union’s Markets in Crypto-Assets (MiCA) regulation, set to be fully implemented by January 2025, will serve as a significant catalyst. MiCA requires stablecoin issuers to obtain licenses and provides a clear framework for financial institutions to enter the crypto market.
0 reply
2 recasts
12 reactions
theer613 pfp
theer613
@theer613
The strategy goes like this: 1) Launch a regulated stablecoin, 2) negotiate with a prominent exchange to promote it, and 3) earn consistent yields by investing in fiat reserves. For promotion, the exchange removes commissions on the stablecoin, which, of course, attracts clients to it. This formula is too attractive for traditional financial giants to ignore.
0 reply
2 recasts
14 reactions
theer613 pfp
theer613
@theer613
In 2025, we will likely see more stablecoins issued by financial institutions. Tether has already demonstrated the profitability of this model, netting $5.2 billion in the first half of 2024 after placing reserves in US Treasury bonds.
0 reply
1 recast
10 reactions
theer613 pfp
theer613
@theer613
During 2024, the trends of the previous years have continued. Major issuers like Tether and Circle experimented with stablecoins tied to currencies other than the US dollar, but adoption has been slow. Euro-backed stablecoins remain a niche product with relatively low market capitalizations, and even big-name entrants have struggled.
0 reply
1 recast
9 reactions
theer613 pfp
theer613
@theer613
Before looking to the future, however, we must examine what we are leaving behind.
0 reply
1 recast
8 reactions
theer613 pfp
theer613
@theer613
The stablecoin market is set to close 2024 with exceptional developments and records. What should we expect in 2025? Even more achievements as mass adoption begins to take hold.
0 reply
1 recast
8 reactions
theer613 pfp
theer613
@theer613
“If Atkins wants to change the SEC’s position, he wouldn’t just be able to declare it as so. They would have to go through the legal process and have some justification in order to alter their claims.
0 reply
1 recast
12 reactions
theer613 pfp
theer613
@theer613
Looking at the swathe of existing lawsuits from the SEC, including those against firms like Kraken, Coinbase, Ripple and others, Ho said neither Atkins nor the agency are capable of simply dropping everything and hammering a pro-crypto position immediately.
0 reply
1 recast
10 reactions