$2.5 Billion Liquidated: Crypto Market Cursed with ‘Following Drops, Not Rallies’ | Bee Network
LoginTrending NewsAI AgentsMeme LaunchpadDeSciTopChainExplorerFor Newbee100x CoinsBee GameEssential WebsitesMust-Have APPCrypto CelebritiesDePINRookies EssentialTrap DetectorBasic ToolsAdvanced WebsitesExchangesNFT ToolsWeb3 UniverseGamesDAppBee HiveGrowing PlatformADRecharge CoinsLoginWeb3 UniGamesDAppBee HiveADhomeAnalysisAnalysisWyatt@XiaMiPPMarketFrom Geopolitical Tensions to Liquidity Tightening, BTC Dragged into Uncontrolled Market Conditionscrypto‘Estée Lauder Son-in-Law’ Kevin Warsh to Lead the Fed: Is This Hawkish Veteran a Crypto Ally?Related: The Battle for Stablecoin Interest: Traditional Banking’s “Encirclement” and the Crypto Industry’s Breakthrough
Original Compilation: Saoirse, Foresight News Under the GENIUS Act, stablecoin issuers are prohibited from paying interest to stablecoin holders. However, currently, the Coinbase exchange is offering a 3.35% reward to users holding USDC on its platform. This is possible because the GENIUS Act only prohibits issuers from paying interest and does not impose restrictions on distributors. Yet, before the relevant U.S. Senate committee reviews the Crypto Market Structure Bill (which aims to systematize cryptocurrency regulation) on January 15th, a debate has fully erupted over “whether the stablecoin interest payment ban should be extended to the distribution level.” Strong Opposition from the Banking Industry The American Bankers Association (ABA) is the primary group calling for a comprehensive ban on stablecoin interest payments. In a public letter released on January 5th, the…# Analysis# bitcoin# crypto# ethereum# MarketPre
The Real Culprit Behind the Crypto Crash: The Warsh EffectNext
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- Author | Ding Dang (@XiaMiPP) A flash crash has happened once again. On the night of January 31st, Bitcoin briefly fell below $78,000, touching a low of $75,700, with a 24-hour drop of 7.6%. This ...