Paxos Announces Lift Dollar Stablecoin
Paxos International, a company based in the UAE under Paxos, has introduced a new stablecoin called Lift dollar (USDL), which offers a yield to users. The stablecoin’s first market will be in Argentina.
VanEck Predicts Ethereum Could Hit $22,000 in 6 Years
Analysts at VanEck, a US investment firm that has applied for a spot Ether ETF listing, have increased their prediction for Ethereum’s price in 2030.
Mike Novogratz: SEC Will Approve Spot Solana ETFs
According to experts in the crypto community, the SEC is likely to approve spot Ethereum ETF applications, leading to the potential launch of a similar instrument focused on Solana.
Bitcoin and Ethereum Volatility Will Decrease, Analyst Says
Current implied volatility levels for Bitcoin and Ethereum options suggest a relatively stable market for cryptocurrencies in the upcoming weeks, according to Deribit’s commercial director Luuk Strijers.
Inflows into US Spot Bitcoin ETFs Continue
On June 3, there was a total of $105.1 million flowing into 11 approved Bitcoin spot ETFs.
Inflows into Crypto Products Reached $2 Billion in May
During the period from May 25 to May 31, a total of $185 million was invested in cryptocurrency products. This brought the total for the month of May to almost $2 billion, according to calculations by CoinShares.
Binance Will Limit Access to Certain Stablecoins in the EU
On June 30, 2024, the new MiCA rules for stablecoins will go into effect in the European Economic Area (EEA), and crypto exchange Binance has warned its users about the upcoming restrictions.
