Animoca Brands’ Yat Siu warns Europe about dollar dominance through stablecoins

The project could bolster Europe's tech independence, enhance its AI capabilities, and drive significant economic and environmental impacts. The post Ardian backs €10B AI gigafactory project outside Paris as Europe races to close gap with US and China appeared first on Crypto Briefing.

Data centre and research facility to be built as Europe seeks to create ‘digital backbone for the future’

The post Euro holds losses against British Pound after Germany’s Retail Sales data appeared on BitcoinEthereumNews.com. The EUR/GBP cross trades in negative territory near 0.8655 during the early European trading hours on Monday. The Euro (EUR) remains weak against the British Pound (GBP) following the upbeat German Retail Sales data. The preliminary reading of the Harmonized Index of Consumer Prices (HICP) from the Eurozone will be released on Tuesday.  Data released by Destatis on Monday showed that German Retail Sales, a key measure of consumer spending, fell 0.3% MoM in April. This figure followed a fall of 0.3% (revised from -2.0%) and came in better than the market expectation of a 0.4% decrease.  On an annualized basis, Retail Sales dropped 0.3% in April, versus the prior release of a 0.2% decline (revised from -2.0%). The German economic data fails to boost the EUR in an immediate reaction.    On the UK’s front, BoE governor Andrew Bailey said on Friday that the UK central bank

The post Euro: Moves with yields and energy prices against US Dollar – Danske Bank appeared on BitcoinEthereumNews.com. Danske Research Team notes that EUR/USD ended last week around 1.1650 after a sharp drop in Oil prices, with US and Euro area yields both moving lower. They highlight upcoming United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI), labor data and the Euro area HICP as key drivers. Euro area unemployment and PMI figures are expected to confirm a still-soft but stable recovery. Labor data and oil-driven swings “EUR/USD ended the week around 1.1650 following the big drop in oil prices. US interest rates fell back last week with the 10Y Treasury yield falling to 4.43% down more than 20bp from the top in mid-May. The impact on EUR/USD FX swaps was limited as interest rates in the euro area also fell.” “In the euro area, May flash inflation data from Germany, France, Italy and Spain (around 75% of the aggregate print) showed headline inflation rising mainly o

The post Tether Sees Record $1.1 Billion Market Cap Drop appeared on BitcoinEthereumNews.com. The post Tether Sees Record $1.1 Billion Market Cap Drop appeared first on Coinpedia Fintech News Tether’s market capitalization fell by more than $1.1 billion in a single day, marking its largest recorded decline. The drop has sparked renewed debate about the role of stablecoins in providing liquidity to cryptocurrency markets. Some market observers argue that shrinking stablecoin supply could reduce trading activity and put pressure on digital asset prices, including … Source: https://coinpedia.org/crypto-live-news/tether-sees-record-1-1-billion-market-cap-drop/

The ECB's stance on stablecoins highlights potential disruptions to traditional banking and monetary policy, urging global regulatory alignment. The post European Central Bank warns stablecoins pose financial risks and challenges to monetary policy appeared first on Crypto Briefing.

The post Fed backs stablecoins as BoE says tokenized deposits may win in 5 years appeared on BitcoinEthereumNews.com. Federal Reserve Governor Christopher Waller defended stablecoins during a panel at the 32nd Dubrovnik Economics Conference, placing the tokens in the payments debate rather than the wider crypto risk debate. Summary Waller said stablecoins add payment competition and may extend monetary reach across dollar-linked global markets. Greene said tokenized deposits could overtake stablecoins within five years as banks defend deposit bases. Lummis warned CLARITY Act delays could push U.S. digital asset rules into a 2030 window. Waller said, “I’ve always just looked at stablecoins as a payment instrument; there’s nothing evil about it, nothing dangerous about it.” He added that stablecoins bring more competition into payments and can lower costs, as reported by Reuters. Greene says tokenized deposits may overtake stablecoins Bank of England policymaker Megan Greene gave a diffe

Fed’s Waller backed stablecoins as payment tools, while BoE’s Greene said tokenized deposits may overtake them within five years in banking.