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Stablecoins are becoming systemically important, with Tether leading the market. Bernstein analysts highlight their role in global finance and crypto trading. Robinhood is rated 'Outperform' due to its integration of stablecoins, while new players like PayPal are emerging.

Portfolio Pulse from Khyathi Dalal

September 19, 2024 | 7:17 pm

Revolut, a London-based fintech company, is planning to launch its own stablecoin as part of its mission to enhance cryptocurrency offerings. The stablecoin market is currently dominated by Tether, with new entrants like PayPal and Ripple. Revolut aims to become a leading provider of crypto asset services.

Portfolio Pulse from Murtuza Merchant

September 18, 2024 | 3:35 pm

Bernstein analysts predict that potential Federal Reserve rate cuts could benefit the crypto credit markets, particularly DeFi and Ethereum. Aave, a major DeFi platform, could see increased activity and yields, attracting large investors back to the crypto market.

Portfolio Pulse from Khyathi Dalal

September 16, 2024 | 2:27 pm

Tether has appointed Jesse Spiro, a former PayPal executive, as its new Head of Government Affairs amid ongoing regulatory scrutiny. Spiro's experience in regulatory relations is expected to help Tether navigate the challenges it faces in the US. Despite financial success, Tether's operations and reserve backing continue to be questioned.

Portfolio Pulse from Murtuza Merchant

September 13, 2024 | 6:06 pm

Tether has invested $100 million to acquire a 9.8% stake in Adecoagro, marking its first venture into the agricultural sector. This move diversifies Tether's portfolio beyond its existing investments in AI, Bitcoin mining, and digital education. Tether remains a dominant player in the stablecoin market with a market cap over $118 billion.

Portfolio Pulse from Murtuza Merchant

September 09, 2024 | 12:52 pm

The digital assets market is seeing a surge in stablecoin launches by companies like Ripple Labs and Banking Circle, as well as the state of Wyoming. Despite the excitement, there are concerns about the survival and unique value of these new stablecoins compared to established ones like Tether and Circle.

Portfolio Pulse from Aniket Verma

September 06, 2024 | 6:01 am

French President Emmanuel Macron has denied political motivations behind the arrest of Telegram founder Pavel Durov, emphasizing it was part of a judicial investigation. The arrest has sparked debates on digital rights and implications for tech companies in Europe. Industry leaders express concerns over freedom of expression and the need for encryption.

Portfolio Pulse from Murtuza Merchant

August 26, 2024 | 4:03 pm

CoinFlip, a Chicago-based startup, is expanding its cryptocurrency ATM offerings beyond Bitcoin to include several other cryptocurrencies. The company is navigating a market correction in the Bitcoin ATM space, which is seeing consolidation and a reduction in the number of ATMs. CoinFlip is also exploring global expansion, particularly in New Zealand, and is investing in early-stage crypto startups through CoinFlip Ventures.

Portfolio Pulse from Anthony Noto

August 24, 2024 | 4:00 pm

Floki has decided to invest $200,000 in Simon's Cat token, leading to a 72% increase in CAT's price and a 4% rise in FLOKI's price. This move is part of Floki's strategy to expand its ecosystem beyond being a meme coin.

Portfolio Pulse from Aniket Verma

August 23, 2024 | 9:24 am

Tether Holdings Ltd., a major stablecoin issuer, now holds $81 billion in U.S. Treasury bills, marking a significant presence in the Treasury market. This move is seen as a step towards better relations with the U.S. government and financial stability. Despite skepticism, Tether aims to become the largest holder of T-bills, supported by its partnership with Cantor Fitzgerald LP.

Portfolio Pulse from Murtuza Merchant

August 22, 2024 | 1:09 pm

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