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Spot bitcoin ETFs recorded their largest daily inflows in over three months on Tuesday: The funds drew in roughly $753.7 million, led by Fidelity’s FBTC and Bitwise’s BITB. On Wednesday, the price of bitcoin surged past $97,000 after crypto bears were hit with approximately $700 million in short liquidations, potentially resetting investor expectations for the coming weeks.
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CLARITY Act stalls over stablecoin yield debate, other unresolved issues: The US Senate Banking Committee delayed a planned markup of the CLARITY Act on Thursday after industry participants raised concerns about a number of the proposed crypto market structure bill’s provisions.
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Ripple has won preliminary authorization from Luxembourg’s regulator for an electronic-money (EMI) license, having also received an EMI license in the UK: Luxembourg's preliminary approval is a key step in the firm’s plan to offer its services across Europe. If finalized, the license would allow Ripple to provide regulated payment services across EU member states via passporting.
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Trump family-backed World Liberty Financial has rolled out its DeFi lending protocol built on Arbitrum-based Dolomite: The announcement buoyed both the WLFI and DOLO tokens, with early markets showing fairly thin liquidity. The platform allows users to either lend or borrow WLF’s own USD1 stablecoin and post a variety of cryptocurrencies as collateral.
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Tether froze roughly $182 million in USDT across five different Tron addresses: The company said the action was taken at the request of law-enforcement and is one of the largest single-day freezes executed by the company.
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| Stablecoin rewards earned through crypto credit and debit cards offer a practical way to accumulate digital assets while reducing exposure to price volatility. In this guide, we explain how crypto cards distribute cashback rewards, either directly in stablecoins such as USDC or USDT, or through the conversion of rewards earned in other cryptocurrencies.
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