Here is what happened yesterday in the crypto market:
Senate Advances Stablecoin Bill Amid Regulatory Shifts
The U.S. Senate Banking Committee has taken a significant step forward in stablecoin regulation by advancing the crypto industry’s stablecoin bill. This move signals increasing Congressional support for the crypto industry. Read more
Ripple Gains License for Crypto Payments in Dubai
Ripple has secured a license in Dubai to offer crypto payment services in the UAE, marking an expansion of its cross-border payment solutions in the region. The approval from the Dubai Financial Services Authority (DFSA) signifies a growing acceptance of crypto payments in the Middle East. Read more
MoonPay Acquires Stablecoin Infrastructure Platform Iron
MoonPay has acquired Iron, an API-focused stablecoin infrastructure platform, to expand its presence in the stablecoin market. This acquisition will significantly increase Moonpay’s capabilities in the stablecoin sector. Read more
Tokenized Treasuries Surge Amid Crypto Market Correction
Tokenized U.S. Treasuries have reached a record $4.2B market cap as investors seek refuge from the crypto market correction. This growth indicates a rising demand for stable and regulated digital assets during periods of market volatility. Read more
BlackRock’s Tokenized Fund Exceeds $1 Billion
BlackRock’s BUIDL token, which is issued in partnership with Securitize and backed by U.S. Treasuries, has surpassed $1 billion in assets. This milestone highlights the increasing institutional interest in tokenized real-world assets. Read more