News Explorer — ECB President Lagarde Warns Against Euro Stablecoins, Citing Risks

Generated by AI, curated by humans

May 8, 3:36 pm

Decrypt

ECB President Lagarde Warns Against Euro Stablecoins, Citing Risks

ECB President Christine Lagarde expressed concerns about euro stablecoins, stating they are not an efficient way to boost the euro's global role. Lagarde highlighted risks such as financial instability and weakened monetary policy transmission due to stablecoins' structural weaknesses.

ECB President Christine Lagarde expressed concerns about euro stablecoins, stating they are not an efficient way to boost the euro's global role. Lagarde highlighted risks such as financial instability and weakened monetary policy transmission due to stablecoins' structural weaknesses.

Latest

Jun 26, 6:24 pm

Coindesk

Alliance to End Human Trafficking Raises Concerns About Clarity Act Crypto Bill

The Alliance to End Human Trafficking is advocating for a review of Section 604 of the Clarity Act, concerned it may hin... Read Summary

Jun 26, 6:02 pm

Decrypt

Spain's Securities Regulator Warns No Extensions as EU Crypto Deadline Looms

Spain's top securities regulator confirmed that the July 1 deadline for crypto firms to register under the new MiCA regu... Read Summary

Jun 26, 3:33 pm

Decrypt

Strategy's STRC Stock Hits Record Low Following Calls for Increased Cash Reserves Amid Bitcoin Volatility

Strategy's preferred stock, Stretch (STRC), hit a new low of $71.25 before recovering slightly to $75.30, marking a 25%... Read Summary

Jun 26, 1:43 pm

Decrypt

Bitcoin Price Decline Linked to ETF Selling and Upcoming Options Expiries

Bitcoin's price dropped below $59,000 due in part to significant ETF selling and upcoming options expiries. The largest... Read Summary

Jun 26, 10:15 am

Decrypt

BitGo Cuts 15% of Staff to Focus on AI and Adapt to Evolving Financial Services Landscape

BitGo, a crypto custody and infrastructure company, is reducing its workforce by nearly 15% to pivot towards AI. The CEO... Read Summary

Jun 26, 8:25 am

Coindesk

Cardone Capital's Strategy Involves Using Real Estate Income to Buy Bitcoin During Price Drops

Grant Cardone, CEO of Cardone Capital, advocates for a bitcoin-and-property model that involves buying more bitcoin as p... Read Summary

Jun 25, 7:19 pm

Decrypt

Base Back Online After Block Production Issue Halts Coinbase-Backed Crypto Network

Base, the Ethereum layer-2 network incubated by Coinbase, experienced a block production issue, causing a halt in operat... Read Summary

Jun 25, 7:11 pm

Decrypt

Data Network Rebrands From Story Protocol to Focus on AI Training Data Scarcity

The decentralized network Story Protocol has rebranded to Data Network, focusing on artificial intelligence with the lau... Read Summary

Jun 25, 6:49 pm

Decrypt

CoinEx Denies Involvement in Alleged $3.8 Billion Iranian Sanctions Evasion

CoinEx refuted allegations of facilitating sanctioned Iranian funds, emphasizing neutrality and denying ties to Iranian... Read Summary

Jun 25, 5:14 pm

Coindesk

Kraken May Acquire a 15% Stake in Aave for $385 Million: Report

Kraken, a crypto exchange, is considering acquiring a 15% stake in DeFi protocol Aave for $385 million, with plans to in... Read Summary

Jun 25, 4:24 pm

Decrypt

Traders Foresee Bitcoin and Ethereum Falling Even Harder Following Recent Plunges

Traders on Myriad predict Bitcoin to drop to $55,000 and Ethereum to $1,500 before potential recoveries. The bearish sen... Read Summary

Jun 25, 2:11 pm

Decrypt

Strategy's STRC Preferred Shares Hit New Low as Bitcoin Gets Slammed Again

Bitcoin's price dropped as Strategy's preferred stock, Stretch (STRC), hit a record low, falling 8% to $74.13. Meanwhile... Read Summary

Jun 25, 1:53 pm

Coindesk

Kraken Parent Files Lawsuit Accusing PowerTrade of Misappropriating $7.2 Million in Crypto

Payward, the parent company of Kraken, has filed a lawsuit against PowerTrade, alleging misappropriation of $7.2 million... Read Summary

Jun 25, 1:00 pm

Coindesk

Spark and Uniswap Aim to Establish 'FX Layer' for Stablecoins to Support Market Growth

Spark and Uniswap are collaborating to create an "FX layer" for stablecoins, aiming to facilitate liquidity movement bet... Read Summary

Jun 25, 12:55 pm

Decrypt

Europol's Operation Endgame Freezes $47M in Stolen Crypto Funds

Europol announced that a crackdown on cybercrime-as-a-service malware froze over $47 million in stolen crypto funds. Ope... Read Summary