Dollar-backed stablecoins USD Coin (USDC) and Tether (USDT) have become the leading payment methods for crypto cards, making up about 84% of total card spending as of mid-2026. This marks a significant shift from early 2024 when euro-backed stablecoins like EURe controlled most crypto card transactions. The growth in crypto card spending is rapid, with monthly volumes rising from under $1 million in late 2023 to $759 million in July 2026. The shift reflects increasing adoption of digital dollars in crypto payments, supported by expanding card programs and blockchain settlement options, although crypto card payments still represent a small fraction of the global payments market.
A major Ethereum investor sold 7,323 ETH, realizing losses over $19 million after holding and staking the tokens for more than three years. The investor bought Ethereum at an average price of $2,723 but sold at around $1,906 per token, reflecting a n...
Oil prices increased as talks between the US and Iran to reopen the Strait of Hormuz remain stalled. Iranian officials deny direct negotiations are ongoing, while the US claims a deal is near. Iran demands compensation and sets conditions including a...
The UK Treasury has involved Ripple in its Wholesale Digital Markets Taskforce to explore blockchain infrastructure for tokenising wholesale financial markets, focusing initially on the £33 billion repo market. This initiative aims to modernise marke...
The Virtus InfraCap US Preferred Stock ETF (PFFA) is recommended as a buy, especially as a defensive investment ahead of a possible recession. It offers a high yield of around 10%, benefiting from preferred stocks' seniority and sector diversificatio...
Japan's four largest life insurers reported $96 billion in unrealized losses on government bonds due to rising yields as the Bank of Japan normalizes interest rates. These losses reflect falling bond prices from years of near-zero rates but are mostl...
