Cryptonews

Summary

Key Takeaways (or as I like to call ’em, the nuggets of wisdom):

U.S. Senator Elizabeth Warren, the queen of “not today, Silicon Valley,” has thrown another grenade at Meta’s stablecoin dreams. She’s worried about financial stability (translation: “don’t crash the economy”), money laundering (because Meta’s stellar track record with privacy is just chef’s kiss), and competition (hello, remember when Meta was just a social network?).

This bold claim arrives as institutional data suggests Bitcoin is aggressively cannibalizing gold’s historical role as the world’s premier “debasement trade.” Gold, that eternal symbol of stability, now seems like a relic from a bygone era-like a rotary phone in a world of smartphones. Or a 1980s hair band.

As for the monthly active supply, it has dwindled from a robust 7.45 billion XRP/day to a meek 2 billion, a performance so underwhelming it could only be rivaled by a penguin attempting to waltz. Glassnode, that paragon of blockchain analysis, attributes this slump to the evaporated speculative fervor that once powered the asset’s late-2024 rally-a spark extinguished, leaving behind a room full of yawns.

In a world where internet connectivity is as reliable as a politician’s promise, Tether has conjured a digital physician that thrives in the wilderness of signal-free zones. QVAC MedPsy, their latest creation, is not merely an AI-it is a nomadic sage, wandering the soil of smartphones and laptops, unshackled by the tyranny of the cloud.

The South Korean crypto exchanges Upbit and Bithumb, in a rare moment of collective ambition, announced the listing of PROS (Pharos) tokens on Friday. One might assume this was a calculated effort to avoid legal trouble, but let’s not get carried away.

After a strong recovery in April, these products have now attracted over $58 billion in investments since their launch at the beginning of 2024. The combined demand from March and April canceled out earlier losses in January and February, putting the category on track for growth in 2026.

//cdn.sanity.io/images/s3y3vcno/production/f3e064ff6b7c718ea8aed0864f75b3ed5c704a57-640×480.png”/> CoinDesk 20 performance update: NEAR Protocol (NEAR) gains 6.3%, leading index higher 1 hour ago Stablecoins have their ‘permission slip.’ Now comes the hard part. 1 hour ago Coinbase bulls point to crypto legislation and stablecoins after earnings miss 1 hour ago U.S. added 115K jobs in April, nearly doubling expectations 2 hours ago … Read more

Do we dwarf the SFC’s warning? Only the market will tell. We trust that the commission’s cautionary note will send a shiver through the bamboo floors of those shell‑shocked investors who find themselves rubbing the frisson that this one time there may have been a slick, unlicensed platform within arm’s reach.