Here is what happened yesterday in the crypto market:
Bitcoin Eyes $113K–115K While Altcoins Struggle
Bitcoin is currently hovering around $111,000, facing headwinds from the U.S.-China trade war which is steering investors towards safe-haven assets. This market caution has led to a ‘bearish October’ for altcoins, many of which have experienced significant declines. Read more
Coinbase Launches New Stablecoin Payments Platform
Coinbase has introduced a new platform designed to facilitate stablecoin payments for businesses. This initiative aims to streamline the sending and receiving of USDC, bolstering the utility of stablecoins in commercial transactions. Read more
Australia Proposes New Regulations for Crypto ATMs
Australia’s government is seeking to empower its anti-money laundering agency, AUSTRAC, with new authority to regulate and potentially restrict crypto ATMs. This move signals a tightening regulatory environment for cryptocurrency services in the country. Read more
Stablecoin Market Cap Hits Record $314 Billion
The stablecoin market has achieved a new all-time high in capitalization, exceeding $314 billion. This surge is primarily driven by the growth of Tether’s USDT and Circle’s USDC, reflecting increasing institutional interest and adoption. Read more
Ripple Acquires GTreasury in $1 Billion Deal
Ripple has completed a significant acquisition, purchasing corporate treasury management company GTreasury for $1 billion. This strategic move aims to expand Ripple’s presence in corporate finance and diversify its offerings beyond its traditional blockchain solutions. Read more