Fed backs stablecoins as BoE says tokenized deposits may win in 5 years

Dollar-backed stablecoins have gained support from U.S. Federal Reserve Governor Christopher Waller, who has said their growing international use could extend the reach of U.S. monetary policy into other economies. According to Bloomberg News, Waller told participants at the 32nd…

Former Federal Reserve chair Jerome Powell says the U.S. central bank would lose the credibility it needs to steady the economy if officials could be removed over policy disagreements. The warning landed as the Supreme Court weighs President Donald Trump’s effort to fire Governor Lisa Cook. A Direct Defense of Central Bank Independence Powell delivered […]

The post Australia RBA Commodity Index SDR (YoY) up to 16.8% in May from previous 15.7% appeared on BitcoinEthereumNews.com. Gold edges lower during the Asian session on Monday and moves further away from a two-week high, around the $4,600 neighborhood, touched on Friday. The US Dollar regains positive traction at the start of the new week amid persistent geopolitical uncertainties and hawkish US Federal Reserve (Fed) expectations, which, in turn, is seen acting as a headwind for the commodity.  Source: https://www.fxstreet.com/news/australia-rba-commodity-index-sdr-yoy-up-to-168-in-may-from-previous-157-202606010630

The post Sweden Manufacturing PMI increased to 57.3 in May from previous 57.2 appeared on BitcoinEthereumNews.com. Gold edges lower during the Asian session on Monday and moves further away from a two-week high, around the $4,600 neighborhood, touched on Friday. The US Dollar regains positive traction at the start of the new week amid persistent geopolitical uncertainties and hawkish US Federal Reserve (Fed) expectations, which, in turn, is seen acting as a headwind for the commodity.  Source: https://www.fxstreet.com/news/sweden-manufacturing-pmi-increased-to-573-in-may-from-previous-572-202606010630

The post United Kingdom Nationwide Housing Prices s.a (MoM) registered at -0.6%, below expectations (-0.2%) in May appeared on BitcoinEthereumNews.com. Gold edges lower during the Asian session on Monday and moves further away from a two-week high, around the $4,600 neighborhood, touched on Friday. The US Dollar regains positive traction at the start of the new week amid persistent geopolitical uncertainties and hawkish US Federal Reserve (Fed) expectations, which, in turn, is seen acting as a headwind for the commodity.  Source: https://www.fxstreet.com/news/united-kingdom-nationwide-housing-prices-sa-mom-registered-at-06-below-expectations-02-in-may-202606010600

The post Germany Retail Sales (MoM) came in at -0.3%, above expectations (-0.4%) in April appeared on BitcoinEthereumNews.com. Gold edges lower during the Asian session on Monday and moves further away from a two-week high, around the $4,600 neighborhood, touched on Friday. The US Dollar regains positive traction at the start of the new week amid persistent geopolitical uncertainties and hawkish US Federal Reserve (Fed) expectations, which, in turn, is seen acting as a headwind for the commodity.  Source: https://www.fxstreet.com/news/germany-retail-sales-mom-came-in-at-03-above-expectations-04-in-april-202606010600

The post Germany Retail Sales (YoY) increased to -0.3% in April from previous -2% appeared on BitcoinEthereumNews.com. Gold edges lower during the Asian session on Monday and moves further away from a two-week high, around the $4,600 neighborhood, touched on Friday. The US Dollar regains positive traction at the start of the new week amid persistent geopolitical uncertainties and hawkish US Federal Reserve (Fed) expectations, which, in turn, is seen acting as a headwind for the commodity.  Source: https://www.fxstreet.com/news/germany-retail-sales-yoy-increased-to-03-in-april-from-previous-2-202606010600

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/