Stablecoin giants Tether and Circle are expected to hold key meetings with South Korea’s biggest banks this week to explore strategic partnerships and stablecoin adoption in the region. Meetings with South Korea’s “Big Four” Banks According to local media, executives from Tether and Circle will meet with leaders of Shinhan Financial Group, Hana Financial Group, KB Financial Group, and Woori Bank — the four largest financial institutions in South Korea. These discussions will reportedly center on: Circle President Heath Tarbert is scheduled to meet Shinhan CEO Jin Ok-dong and Hana CEO Ham Young-joo on Friday. Young-joo will also reportedly meet…
Author: Blockto Team
No Case for Rate Cut, Says Cleveland Fed President Cleveland Federal Reserve President Beth Hammack stated that the current economic data does not justify lowering interest rates, signaling continued support for the Fed’s hawkish stance. Speaking at the Kansas City Fed’s Economic Symposium in Jackson Hole, Hammack emphasized that inflation remains too high and has been trending upward over the past year. “If the meeting was tomorrow, I would not see a case for reducing interest rates,” Hammack told Yahoo News. Hammack highlighted that recent tariffs are still working their way through the economy, and their full inflationary impact may…
A long-term Bitcoin holder made headlines this week after selling 550 BTC worth approximately $62 million and shifting the capital into a massive $282 million Ether (ETH) long position, signaling a bold market rotation. Impact on Market Why It Matters Hyperliquid’s Position in DeFi Disclaimer This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
MetaMask, the leading self-custodial wallet owned by Consensys, has announced the rollout of its wallet-native dollar stablecoin, MetaMask USD (mUSD). This move marks a significant milestone for the Web3 ecosystem, offering users an easier and more secure way to transact across decentralized applications. What is MetaMask mUSD? The mUSD stablecoin will be backed 1:1 by dollar-equivalent reserves, ensuring stability and trust. It will be natively integrated into the MetaMask wallet, enabling users to on-ramp, trade, lend, and spend digital assets seamlessly. MetaMask confirmed that mUSD will debut later in 2025 on the Ethereum blockchain and Linea network—an EVM-compatible layer-2 solution…
Support and resistance levels define next move for LTC traders Litecoin (LTC) slipped 2.7% in the last session, with price action testing crucial technical zones that could determine its short-term direction. After a strong summer rally that lifted LTC above $130, the asset is now consolidating and trading around $114.96. The chart shows that Litecoin is holding above an important support band between $112 and $115, marked by recent buying activity. A decisive break below this zone could open the door to further downside, potentially revisiting the $107–$110 region. On the other hand, resistance has formed near $120 and $128,…
Manufacturing rebounds in Europe while India posts record expansion The latest Flash Purchasing Managers’ Index (PMI) reports released today highlight a mixed global economic picture. While Europe shows early signs of stabilization, Asia’s momentum is split between India’s record surge and Japan’s continued manufacturing weakness. The Eurozone Composite PMI climbed to 51.1 in August, its highest in 15 months. Manufacturing returned to growth for the first time in three years, signaling that the region’s industrial downturn may be easing. Services activity slowed slightly but remained supportive of overall expansion. “The return of manufacturing above the 50 mark is a key…
Ming Shing Group plans to acquire 4,250 BTC through share issuance amid push into digital assets Ming Shing Group Holdings, a Nasdaq-listed construction company from Hong Kong, announced a $483 million deal to acquire 4,250 Bitcoin, marking one of the region’s boldest corporate crypto bets to date. If completed, the acquisition will make Ming Shing Hong Kong’s largest Bitcoin treasury holder, surpassing Buyaa Interactive International’s 3,350 BTC holdings. In an official statement, CEO Wenjin Li said the company views Bitcoin as a highly liquid asset with strong appreciation potential, adding that the move aims to strengthen its balance sheet despite…
Growing adoption of tokenized real-world assets expands attack surface for hackers Security threats targeting real-world asset (RWA) tokenization protocols have surged in 2025, with reported exploits reaching $14.6 million in the first half of the year, according to a new report from blockchain security firm CertiK. This figure already exceeds the $6 million lost in all of 2024 and may outpace the $17.9 million recorded in 2023. Why RWA Protocols Are Being Targeted RWA tokenization involves minting financial instruments and tangible assets on blockchain networks, improving accessibility and liquidity for global investors. However, this innovation introduces a “hybrid” risk model,…
Initial claims climb above expectations while continuing claims remain elevated The latest report on unemployment benefits suggests that the U.S. labor market is beginning to cool. Initial jobless claims rose to 235,000 last week, higher than both forecasts of 226,000 and the previous week’s level of 224,000. The increase, while modest, points to a gradual uptick in layoffs at a time when overall hiring has already slowed. Initial Claims Signal Shifts Economists note that the rise in new applications for unemployment benefits is an early indicator of potential stress in the labor market. Although the numbers remain well below recession-era…
BitMine leads as institutional ETH holdings climb amid growing adoption Ethereum treasuries have crossed a major milestone, with 69 entities now holding over 4.1 million ETH worth approximately $17.6 billion, according to data from StrategicETHReserve. This surge underscores the growing trend of corporate and institutional interest in Ethereum as a strategic asset. Who Holds the Most Ethereum? The report shows that these 69 organizations collectively hold 3.39% of Ethereum’s total supply, marking a significant concentration of ETH among top treasuries. Leading the list is BitMine Immersion Technologies, which now controls around 1.5 million ETH, valued at $6.6 billion. The company…
