Anchorage Digital, the first federally chartered U.S. crypto bank, is stepping back from its leadership role in the Global Dollar (USDG) stablecoin alliance to maintain neutrality as a stablecoin issuer and custodian. This move reflects a shift toward a fragmented, multi-issuer stablecoin ecosystem rather than a single dominant token. USDG, issued by Paxos Singapore and regulated by MAS, will continue circulating with support from alliance members like Robinhood and Kraken. Anchorage aims to serve as a neutral platform enabling multiple institutions to launch their own stablecoins, signaling a broader industry trend toward diverse, regulated digital dollars competing and interoperating across various networks and regulatory frameworks.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
