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New Chainalysis CEO expects greater clarity on stablecoins in 2025

The company’s former chief strategy officer, Jonathan Levin, assumed the role of CEO and offered his thoughts to Cointelegraph on the future of the industry.

Blockchain analytics firm Chainalysis announced the appointment of a new CEO after the departure of Michael Gronager in October.

In a Dec. 5 notice, Chainalysis said its chief strategy officer and co-founder Jonathan Levin had assumed the position of CEO, effective Dec. 3. The company also announced it had appointed former Proofpoint chief financial officer Paul Auvil to serve as an independent director on its board. 

Speaking to Cointelegraph, Levin said, under his leadership, the company intended to continue expanding internationally to “protect crypto users across the world” and monitor private sector solutions for custodying digital assets. He added that he didn’t expect to see policymakers change their approach to Anti-Money Laundering (AML) and national security concerns.

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Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Bitcoin Cash Welcomes Its First Stablecoin on Cashtokens

Bitcoin Cash Welcomes Its First Stablecoin on CashtokensThe Moria Protocol has launched MUSD, the first stablecoin built on BCH Cashtokens. Bitcoin Cash Gets a Stablecoin Powered by Decentralized Borrowing The Moria Protocol has unveiled MUSD, the first stablecoin built on Bitcoin Cash (BCH) Cashtokens, marking a milestone in the evolution of the BCH ecosystem. This launch introduces a stable, asset-backed digital token, […]

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Powerful New York Regulator May Greenlight Ripple RLUSD Stablecoin As Soon as This Week: Report

Powerful New York Regulator May Greenlight Ripple RLUSD Stablecoin As Soon as This Week: Report

A prominent New York regulator is reportedly mulling over approving payments platform Ripple Labs’ RLUSD stablecoin as soon as next week. According to a new report by Fox Business, anonymous people familiar with the matter say the state’s top regulator – the New York Department of Financial Services (NYDFS) – has signaled to Ripple that […]

The post Powerful New York Regulator May Greenlight Ripple RLUSD Stablecoin As Soon as This Week: Report appeared first on The Daily Hodl.

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Ripple’s Stablecoin Near Approval, Launch Countdown Underway

Ripple’s Stablecoin Near Approval, Launch Countdown UnderwayRipple’s stablecoin is reportedly near regulatory approval, signaling a significant step toward reshaping the stablecoin market with a regulated, fully backed digital dollar. Ripple’s Game-Changing Stablecoin RLUSD Awaits Final Nod by Regulator Ripple is reportedly close to securing approval for its regulated stablecoin, RLUSD, from the New York Department of Financial Services (NYDFS), according to […]

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Europe’s Coinbase users frustrated as MiCA forces sunset of USDC yield

Some Coinbase users are airing frustrations at the region’s MiCA laws, which are forcing the exchange to stop offering yields on USDC in the European Economic Area.

Coinbase users in Europe shared frustrations over the region’s crypto regulations after the exchange said it is ending its yield offering on the dollar-pegged stablecoin USD Coin (USDC) for some users.

In a Nov. 28 email that multiple recipients posted on X, Coinbase said due to the European Union’s Markets in Crypto-Assets (MiCA) laws for stablecoins, it “will be sunsetting the USDC rewards program” on Dec. 1.

The change will affect customers in the European Economic Area (EEA), a 30-nation bloc that includes all 27 EU member states along with Iceland, Norway and Liechtenstein. The email said those eligible will still accrue rewards for the next two days until Nov. 30.

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Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Tether Discontinues Support for EURT, Set to Prioritize USDQ and EURQ

Tether Discontinues Support for EURT, Set to Prioritize USDQ and EURQTether’s decision to discontinue EURT and prioritize USDQ and EURQ highlights the company’s forward-looking approach. Tether is Phasing out EURT Tether has decided to pull the plug on its Euro-pegged stablecoin, EURT. According to Tether’s announcement, holders of EURT will have until Nov. 27, 2025, to redeem their tokens, as the company will no longer […]

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Yield Chasers Propel Ethena’s USDE to $4.12B Market Cap in the Bull Market Frenzy

Yield Chasers Propel Ethena’s USDE to .12B Market Cap in the Bull Market FrenzyBased on current data, the stablecoin market has seen a notable expansion. This week, Ethena’s yield-bearing token, USDE, has reached a peak valuation of over $4.12 billion. Ethena’s USDE Tops $4.12 Billion: Is the Stablecoin Market Shifting Toward Yield? Yield-bearing stablecoins have steadily carved out a significant role in the market, with Ethena’s USDE now […]

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Tether mints an additional $3 billion in USDt stablecoins

According to stablecoin firm Tether, over $134 billion USDt tokens are circulating across various blockchain protocols as of November 2024.

Stablecoin issuer Tether minted an additional $3 billion in USDt (USDT) tokens on November 23 on the Ethereum and Tron networks amid increased trading volume in the crypto markets — particularly Bitcoin (BTC) as it approaches the $100,000 price level.

Data from Arkham Intelligence revealed that $2 billion in USDt was minted on the Ethereum blockchain, and an additional $1 billion USDt was minted on the Tron network in back-to-back transactions.

According to Lookonchain, Tether has minted approximately $13 billion USDt since November 8, 2024. On November 24, Tether CEO Paolo Ardoino said, "In 2025, Tether will need to reach hyper-productivity to accomplish our grand vision."

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Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Ethena’s ENA token rallies on USDe integration by Deribit

According to Deribit, the exchange will include USDe in its cross-collateral pool as of early January 2025, pending regulatory approval.

Deribit, one of the world’s largest cryptocurrency derivatives exchanges, plans to integrate Ethena’s synthetic dollar USDe (USDe) as rewarding margin collateral.

As part of the integration, Deribit will enable users to earn rewards for holding USDe and use it as derivatives margin collateral in a cross-collateral pool, the firm announced on Nov. 22.

According to Deribit, the exchange targets including USDe in its cross-collateral pool as of early January, pending regulatory approval.

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Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Yellow Card’s African Push: Coinbase-Backed Platform Wins South African License

Yellow Card’s African Push: Coinbase-Backed Platform Wins South African LicenseCoinbase backed Yellow Card, a leading African crypto platform, has secured a crypto asset service provider (CASP) license from the Financial Sector Conduct Authority (FSCA) in South Africa. The license allows Yellow Card, which is also licensed in Botswana, to expand its operations and cater to the growing demand for stablecoin-based services. This latest milestone […]

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting