Bitcoinist·
A senior European Central Bank official has warned that stablecoins carry the same fragilities that once destabilized money market funds, cautioning that their rapid rise could threaten financial stability and quietly entrench the US dollar at the euro’s expense. Related Reading: Which Cryptos Are Best Positioned To Follow The Same Trajectory As Hyperliquid (HYPE)? The […]
Read full articleHyperliquid has surged to a new all-time high of $73.7 as institutional inflows, aggressive token buybacks, and mounting losses among leveraged short sellers fuel one of the strongest rallies in the crypto market. According to data from crypto.news, Hyperliquid (HYPE)…
Schnabel says the digital euro is the ECB’s best response to stablecoins Stablecoins pose risks to financial stability and risk bank runs during stress Private stablecoins could weaken ECB interest-rate decision transmission Isabel Schnabel, a member of the European Central Bank’s (ECB) Executive Board, has argued that developing a digital euro is the most effective […] The post ECB’s Schnabel Reveals Why Stablecoins Need a Digital Euro Response appeared first on Live Bitcoin News.
Bitmex co-founder Arthur Hayes has publicly challenged investor Kyle Samani to a $100,000 charitable wager that Hyperliquid’s HYPE token will outperform any other current top-ten cryptocurrency through the end of 2026. A Public Dare With Charity on the Line Hayes laid down the gauntlet in a post addressed directly to Samani, proposing “a gentleman’s charitable […]
ECB board member Isabel Schnabel warned that stablecoins could bring money-market risks into tokenized finance and reinforce US dollar dominance.
A trader lost $42M in perp profits in 18 days shorting HYPE. Here’s what’s fueling Hyperliquid’s record-breaking price surge. It took Loracle nearly 10 months to build $42.2 million in perpetuals trading profits. Then, in just 18 days, a single short position wiped all of it out. On-chain analytics platform Lookonchain flagged the dramatic reversal, […] The post HYPE Hits New All-Time High as Trader Turns $42M Profits Into Loss appeared first on Live Bitcoin News.
XLM surged past $0.27 early June 1—yielding brief 24-hour gains of 14%—before a market-wide sell-off trimmed its daily gains to 5%. Alongside Hyperliquid and TRON, XLM was one of the few top 20 digital assets to post gains on a day the aggregate market fell 1.4%. XLM Defies Market Sell-off On June 1, XLM surged […]
The post Swiss Franc: Low inflation keeps range intact versus US Dollar – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman’s (BBH) Elias Haddad notes that Swiss inflation remains comfortably within the Swiss National Bank’s (SNB) price stability definition, with May Consumer Price Index (CPI) expected to stay subdued. This allows the SNB to keep rates at 0.00% for an extended period, even as markets price some tightening. Haddad expects USD/CHF to remain confined to a tight 0.7760–0.7910 range in the near term. SNB patience anchors Franc range “Switzerland May CPI is due Thursday. Headline CPI is expected at 0.7% y/y vs. 0.6% in April while core CPI is expected at 0.3% y/y for a second straight month.” “The Swiss National Bank (SNB) forecasts headline CPI to average 0.5% y/y in Q2.” “Overall, inflation remains well within the range of price stability of less than 2% per annum. As such, the SNB can afford to keep rates at 0.00% for some time.” “The swaps curve price-in 7
The post Euro wavers amid mixed Eurozone data, rising geopolitical tensions appeared on BitcoinEthereumNews.com. The Euro (EUR) holds marginal losses against the US Dollar (USD) on Monday, although the EUR/USD pair remains steady right below the top of the last two weeks’ range, at the 1.1660 area. Mixed Eurozone data and the rising tensions in the Middle East are weighing on risk appetite and acting as headwinds for the common currency. The US and Iran exchanged strikes earlier on Monday, adding strain to an already frail ceasefire, while Israel ramped up its operations in Lebanon, complicating the situation further. The US President Donald Trump is still due to sign a memorandum of understanding that would extend the ceasefire for 60 days. In Iran, the Parliament Speaker Mohammad Bagher Ghalibaf threatened retaliation in a post on X to “clear evidence of US noncompliance with the ceasefire.” In Europe, the HCOB Manufacturing Purchasing Managers’ Index (PMI) was revised up to 51.6 in
