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In a recent report, BNY Mellon, a leading financial services provider, projects that the combined market value of stablecoins and tokenized cash could soar to $3.6 trillion within the next decade, driven by growing institutional adoption. The report highlights a significant shift towards digital cash equivalents as tools for enhancing financial operations across markets. Growth of Stablecoins and Tokenized Assets According to the BNY report, stablecoins alone could reach a market cap of approximately $1.5 trillion by 2030. In addition to stablecoins, tokenized deposits and money market funds (MMFs) are anticipated to make up the remainder of this substantial figure. These digital cash equivalents are viewed as instrumental in unlocking faster settlement processes, minimizing counterparty risks, and improving collateral mobility across various market dimensions. "Stablecoins, tokenized deposits, and digital MMFs are projected to not only thrive but transform the financial landscap...

Bitcoin has made a notable rebound, climbing above $103,000, which has sparked optimism in the altcoin market. As of recent trading, Bitcoin (BTC) has been evolving with the broader cryptocurrency landscape, recovering from significant declines that saw it retreat from its all-time highs. This current phase hints at a potential rally this week, supported by shifts in the U.S. financial system that invite renewed investor risk-taking. Financial Indicators Suggesting a Shift The push above $100,000 comes on the heels of key financial indicators that imply easing liquidity conditions within the U.S. banking sector. Central to this analysis is the difference between the Secured Overnight Financing Rate (SOFR) and the Effective Federal Funds Rate (EFFR). SOFR represents the overnight interest rate banks pay to borrow cash using U.S. Treasuries as collateral, whereas the EFFR reflects the rate banks charge each other for loans overnight without collateral. Typically, the spread between thes...

As the cryptocurrency market in South Korea experiences a sharp decline, retail investors are turning their attention to the stock market, igniting a state-backed, AI-driven rally that has taken the place of the once-thriving altcoin scene. For much of the past decade, South Korea was widely regarded as the epicenter of cryptocurrency speculation. The nation became synonymous with the so-called “Kimchi Premium,” a term that encapsulated the fervor with which traders pursued digital coins, often driving their prices to levels significantly higher than in other countries. However, by late 2025, that narrative has drastically changed. The same retail investors who once scoured platforms like Upbit for the next big altcoin are now focused on stocks, trading tokens for semiconductors as the crypto landscape falls silent. A Market Gone Silent The decline in cryptocurrency trading is stark. The once-bustling Upbit, the largest crypto exchange in South Korea, now sees trading volumes at a fra...

U.S. Federal Reserve Governor Stephan Miran has issued a stark warning about the growing influence of stablecoins on American monetary policy, highlighting their rapid expansion particularly among foreign users. In a speech delivered in New York on Friday, the newly appointed governor pointed to projections that these digital currencies, which are pegged to traditional fiat currencies like the U.S. dollar, could reach a striking market value of between $1 trillion and $3 trillion by the end of the decade. Demand for Dollar-Tied Assets Could Shift Monetary Policy Miran's comments shed light on how this surge in demand could have significant implications for U.S. financial markets. Current U.S. Treasury bills outstanding are estimated at just under $7 trillion, and Miran stated, "If these forecasts prove accurate, the magnitude of additional demand from stablecoins will be too large to ignore." This increase could force the hand of central bankers as they consider how to e...

In a landmark move, Google is set to feature real-time prediction market odds from platforms Polymarket and Kalshi in its Search and revamped Google Finance. This integration aims to provide users with crowd-driven forecasts on significant future events, marking a step toward incorporating blockchain technology into everyday tools. Enhanced Accessibility As part of a significant upgrade to Google Finance, users will now be able to access live market data in response to natural language queries like “Will the U.S. enter a recession in 2025?” or “Who will win the 2024 U.S. presidential election?” Users can expect to see real-time market odds alongside visual representations that depict how probabilities have changed over time. Prediction markets allow individuals to buy and sell shares based on the outcomes of future events, with prices reflecting collective expectations. By tapping into the “wisdom of the crowd,” Google aims to offer forecasts that may surpass those of traditional anal...