Elixir sunsets deUSD stablecoin in reaction to Stream’s $93M loss
Elixir said it will sunset its deUSD stablecoin after $75 million worth of the token became entangled in Stream Finance’s $93 million loss.
Crypto
Polymarket and Kalshi Prediction Markets Coming to Google (GOOG)
Google will be bringing prediction market odds from Polymarket and Kalshi directly in Google Search and on its revamped Google Finance platform, giving users access to crowd-based forecasts on key future events. The move is part of a broader rollout of features aimed at making… Read More
BOE Says UK Stablecoin Rules Will Be in Place ‘as Quickly as the U.S.:’ Bloomberg
A deputy governor of the Bank of England (BOE) played down concerns the U.K. is slipping behind other jurisdictions in introducing regulatory regimes for stablecoins, saying the rules will be in effect “just as quickly as the U.S.,” Bloomberg reported on Wednesday. “Our aim is… Read More
Franklin Templeton Debuts Tokenized Money Market Fund in Hong Kong
Cryptocurrency-friendly investment firm Franklin Templeton introduced a blockchain-based money-market fund for professional investors in Hong Kong and said it’s also working on a version for retail investors as it looks to expand its footprint in Asia. The Franklin OnChain U.S. Government Money Fund invests in… Read More
How Deep Are Bitcoin Traders Hedging After Recent Price Dip Below $100K?
BTC recently fell below $100,000 as macro uncertainties weighed over spot ETF inflows.
Citi and DTCC Say Tokenized Collateral Works, Now Regulators Must Keep Pace
Tokenizing collateral and moving it instantly across borders is no longer a theory, it’s happening. But at a panel discussion at the SmartCon conference in New York on Wednesday, executives from Citi, DTCC and Taurus warned that while the technology has caught up, regulation hasn’t.… Read More