Author: AltCoinDrops.com
Korea Exchange affiliate firm KOSCOM has applied for five stablecoin trademarks amidst the wave of Korean won-backed assets taking over the market. It also plans to reorganize its crypto departments. Summary KOSCOM has registered for five new brand trademarks as it prepares infrastructure to launch Korean-won backed stablecoins. The firm joins the list of major companies preparing to launch a won-backed stablecoin, with BDACS and fanC going ahead and launching their won-backed stablecoins. According to the South Korean media outlet Seoul Finance, the Korea Securities Computing Corporation or KOSCOM has registered for five stablecoin-related trademarks, which include KSDC, KRW24, KRW365,…
Opening Note:Welcome back, Altcoin Investors! As the crypto markets continue to evolve, it’s more crucial than ever to stay informed. In today’s newsletter, we bring you the latest updates, critical market insights, and emerging trends impacting Bitcoin, Ethereum, and the broader altcoin ecosystem. Whether you’re a seasoned crypto trader or a new investor staying ahead of the news curve, we’ve got you covered. Let’s jump in and break down the developments that are moving the markets and shaping the future of digital assets.Market Recap:The broader cryptocurrency market remained relatively stable this week, with Bitcoin (BTC) and Ethereum (ETH) maintaining their…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have…
Analysts told CoinDesk early this week that major cryptocurrencies led by bitcoin would resume their slow grind higher following Wednesday’s Fed rate cut. That’s exactly what has happened since the Fed cut rates by 25 basis points to 4% late Wednesday. The central bank also hinted rapid easing in the next 12 months.Bitcoin BTC$117,092.37, the leading cryptocurrency by market value, topped $117,900, the highest level since Aug. 17, ending the sideways trend since Friday and resuming the slow recovery from early September lows near $107,200, CoinDesk data show. As of writing, the cryptocurrency was up nearly 1% on a 24-hour…
Ondo Finance has launched USDY, a yield-bearing stablecoin backed by U.S. Treasuries and bank deposits, on the Stellar network, marking the first product of its kind available to Stellar users. Summary Backed by short-term U.S. Treasuries and bank demand deposits, USDY accrues daily yield while maintaining liquidity, allowing individuals, small businesses, and institutions to earn on their holdings. The stablecoin can also be used as collateral in Stellar’s DeFi ecosystem and for more efficient cross-border payments. Ondo Finance has launched its flagship stablecoin, United States Dollar Yield (USDY), on the Stellar (XLM) network. With USDY stablecoin now live on Stellar,…
According to veteran trader Peter Brandt, Dogecoin’s price has pushed back above the $0.3 mark, a level that traders watched closely this week. Related Reading TradingView data shows an 11% rise in a session that sent the coin to a multi-month high, and the move has drawn fresh attention ahead of the first spot DOGE ETF. Volume is high and many eyes are now on how long buyers can hold gains. Meme Coin Retakes A Key Level Based on reports, the rebound came even after the planned ETF launch was delayed. Bloomberg analysts Eric Balchunas and James Seyffart said the…
Bitcoin price climbed back above $117,000 after the Federal Reserve announced its first interest rate cut of the year, sparking renewed optimism across risk assets. Summary Bitcoin trades at $117,476, up 0.9% in 24 hours, with volume jumping nearly 50%. Fed cut rates by 25 basis points to 4.00%–4.25%, its first reduction since Dec. 2024. Derivatives data shows rising open interest, signaling stronger market participation. At press time, BTC was trading at $117,476, up 0.9% on the day and 3% over the past week. Bitcoin’s 24-hour spot trading volume surged 49.6% to $60.9 billion, indicating renewed participation after a quiet…
DBS, Franklin Templeton, and Ripple have signed a Memorandum of Understanding (MOU) to collaborate on offering trading and lending solutions that leverage tokenized money market funds on the XRP Ledger blockchain and Ripple’s stablecoin, Ripple USD (RLUSD).The MoU will see Franklin Templeton tokenize its money market fund, Franklin on-chain U.S. dollar short-term money market fund, on XRP Ledger, a public and enterprise-grade blockchain.At the same time, DBS Digital Exchange (DDEx) will list sgBENJI, the money market fund token, alongside RLUSD, enabling DBS clients to rebalance their portfolios between a stablecoin and a yield-generating money market fund. This will help investors…
The Securities and Exchange Commission has approved new generic listing standards for spot crypto exchange-traded funds, clearing the way for faster approvals. Summary SEC has greenlighted new generic listing standards for spot crypto ETFs. Rule change eliminates lengthy case-by-case approvals, aligning crypto ETFs with commodity funds. Grayscale’s Digital Large Cap Fund and Bitcoin ETF options also gain approval. The U.S. SEC has approved new generic listing standards that will allow exchanges to fast-track spot crypto ETFs, marking a pivotal shift in U.S. digital asset regulation. According to a Sept. 17 press release, the SEC voted to approve rule changes from…
TLDR ETH price has formed lower highs and lows since reaching ATH of $4,950 on August 14 Declining spot buying and ETH ETF outflows signal weakening demand Ethereum futures open interest dropped 18% from ATH of $70 billion on August 23 Network fees and revenue decreased despite price rally, partly due to Dencun upgrade Ethereum dominates stablecoin market with $165 billion supply (57% market share) Ethereum’s price has been struggling to break through the $4,500 resistance level for over 10 days, despite reaching an all-time high of $4,950 on August 14. The second-largest cryptocurrency by market cap has formed a…