Fidelity Investments has introduced the Fidelity Reserves Digital Fund, a money market fund designed to help stablecoin issuers comply with reserve requirements under the GENIUS Act. The fund invests in cash, short-term U.S. Treasuries, and government money market funds allowed by federal stablecoin regulations. This move positions Fidelity alongside other financial firms like State Street, targeting the growing market for stablecoin reserve management as digital dollar issuance is expected to rise. The GENIUS Act mandates stablecoin issuers to maintain reserves in highly liquid assets, and Fidelity’s fund aims to provide a compliant solution for this need.
Bitcoin's spot trading volume in July is on track to reach its lowest level since November 2023, with an average daily volume of $2.2 billion, according to K33 research. This decline reflects a broader summer liquidity slowdown affecting both spot an...
Ethereum's price hovers around $1,880 with traders on platforms like Polymarket showing significant pessimism, assigning only a 17% chance of reaching $3,000 by the end of 2026. Despite strong fundamentals such as institutional accumulation, low exch...
Coinbase is proactively upgrading its security systems to protect Bitcoin and other cryptocurrencies from future quantum computing risks. The company is enhancing its proprietary key management system, PQ-CoreKMS, which currently secures 99.9% of its...
