Report: Trump’s Board of Peace Explores Stablecoin Idea to Address Gaza Cash Shortage

Report: Trump’s Board of Peace Explores Stablecoin Idea to Address Gaza Cash Shortage

Early discussions inside President Donald Trump’s “Board of Peace” are exploring whether a U.S. dollar-pegged stablecoin could help reboot Gaza’s shattered economy through digital payments. The Financial Times (FT) first reported on the news that Trump’s U.S.-led Board of Peace — the body overseeing Gaza’s postwar reconstruction — is weighing the creation of a dollar-backed…

Read More
SEC Tells Broker-Dealers Stablecoins Can Count Toward Net Capital

SEC Tells Broker-Dealers Stablecoins Can Count Toward Net Capital

The US Securities and Exchange Commission (SEC) staff last week clarified that broker-dealers can apply a 2% “haircut” to their stablecoin holdings without objection from the SEC. Previously, broker-dealers were uncertain whether to apply a 100% haircut to their dollar-pegged stablecoins, meaning that they did not count the tokens toward their net capital under existing…

Read More
Will Whale Pressure Trigger a Sell-Off for ETH Price?

Will Whale Pressure Trigger a Sell-Off for ETH Price?

The crypto market has been bleeding red over the past few weeks, with Bitcoin hovering below $70K. This has resulted in a strong selloff in the altcoin market, with the ETH price now trading around monthly support levels. Things have worsened recently, as crucial on-chain data now points toward a potential significant decline in the…

Read More

Fed’s Kashkari: Crypto “Utterly Useless,” Stablecoins No Match for Venmo

Bitcoin Magazine Fed’s Kashkari: Crypto “Utterly Useless,” Stablecoins No Match for Venmo Federal Reserve Bank of Minneapolis President Neel Kashkari delivered another pointed criticism of crypto while defending the Federal Reserve’s independence during remarks in Fargo, North Dakota, today. Speaking at the 2026 Midwest Economic Outlook Summit, Kashkari questioned the practical value of digital assets,…

Read More