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Fed Governor Miran Says Stablecoins Could Reach $3 Trillion by 2030
Federal Reserve Board member Stephen Miran said stablecoin market expansion may reshape global demand for dollar assets and influence U.S. monetary policy. Analysts project dollar-backed tokens could hit $3 trillion by the end of the decade, exceeding certain segments of the U.S. debt market. Miran noted that rising demand for these digital instruments strengthens the dollar's global position while complicating the Fed's liquidity management approach.
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21Shares Files Amendment for XRP ETF, Starting 20-Day Approval Clock
Asset manager 21Shares submitted an amended prospectus for its proposed spot XRP exchange-traded fund on January 14, 2025, initiating an automatic 20-day effectiveness countdown under Section 8(a) of U.S. securities law. Bloomberg ETF analyst Eric Balchunas confirmed the filing activates the approval clock unless the Securities and Exchange Commission intervenes. The fund would trade on Nasdaq under ticker XRPC with custody provided by Gemini Trust Company and BitGo Trust Company.
Selectat
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Acum 21 h
FET Token Surges 51% as Fetch.ai Files $286.4M Lawsuit Against Ocean Protocol
Fetch.ai's FET token jumped over 51% following the project's lawsuit against Ocean Protocol in New York federal court. The complaint alleges Ocean Protocol converted 661 million Ocean tokens into 286.4 million FET tokens, then sold 263 million FET into the market. Market data shows buyers accumulated 545 million tokens after the lawsuit filing, while exchange netflows turned negative at $1.35 million, indicating strong withdrawal activity.
Acum 21 h