Mihel

#StablecoinPayments The US Treasury in a new report acknowledged a significant growth in the capitalization of stablecoins in the coming years. According to officials, market dynamics could create conditions for the growth of the figure from the current $244.6 billion to $2 trillion by 2028. The authors of the report noted that stablecoins are already 'widely used as cash in the blockchain, effectively acting as a new payment mechanism.'Treasury Report

What else is known? Furthermore, the emergence of tokenized money market funds 'created an alternative to stablecoins, primarily due to their yield,' the report states.

$BTC Despite the ambiguous policy of U.S. President Donald Trump regarding cryptocurrencies, most analysts are optimistic about its dynamics in the second half of the year. Let's take a look at what price thresholds they predict.

Tom Lee from Fundstrat Co-founder and Head of Research at Fundstrat Tom Lee consistently forecasts positive achievements for Bitcoin (BTC) in 2025. According to his estimates, by the end of the year, the price of BTC will range from $200,000 to $250,000. Throughout this year, Lee has repeatedly stated that Bitcoin will remain the highest-yielding asset of 2025, even surpassing gold.

Brad Garlinghouse from Ripple In 2015, Ripple CEO Brad Garlinghouse joined Ripple Labs as Chief Operating Officer, and in 2016 he became CEO. Not being a Bitcoin maximalist, he suggested that this year BTC could rise to $200,000, although he considers this price to be unjustified.

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#AirdropFinderGuide China recently canceled the 125% tariff on ethane imports from the United States, Reuters reports citing two informed sources. The tariff, which was imposed earlier this month, has now been revoked, providing relief to Chinese companies importing American ethane for petrochemical production. This decision will also create a market for liquefied natural gas, a byproduct of shale gas extraction in the U.S. Among the Chinese companies importing ethane are Satellite Chemical, SP Chemicals, Sinopec, Sanjiang Fine Chemical, and Wanhua Chemical Group. Major exporters from the U.S. include Enterprise Products Partners and Energy Transfer. According to the U.S. Energy Information Administration, China purchases nearly half of all ethane exports from the U.S.

Earlier this month, China raised tariffs on imports of American goods, including ethane, to 125%. This was a response to U.S. President Donald Trump's decision to impose higher tariffs on the world's second-largest economy.

#AbuDhabiStablecoin Abu Dhabi is actively paving its way to becoming a global fintech powerhouse. Three heavyweights from the UAE — International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB) — have joined forces to introduce a new stablecoin backed by the national currency — the dirham.

But this step has a double bottom: the launch of a local digital currency is not just about promoting their own technologies, but also a challenge to the dollar-backed stablecoins that have long held the market in a firm grip. But this step has a double bottom: the launch of a local digital currency is not just about promoting their own technologies, but also a challenge to the dollar-backed stablecoins that have long held the market in a firm grip.

The issuance of the stablecoin is planned based on the proprietary blockchain system ADI, developed domestically. The main idea is simple: to make payments convenient, instant, and secure — for individuals as well as for businesses and institutions, not limited to just the Gulf region.

#ArizonaBTCReserve Daily Cryptocurrency Digest: BTC ETF Experienced a Large Inflow of $580 Million, and Arizona Will Create a Bitcoin Reserve.

According to Farside Investors data, a total of $580 million was received in Bitcoin ETF cash market in the U.S. yesterday. Among them, BlackRock IBIT received $960 million, which became the second-largest purchase volume in a single day since the launch of BlackRock IBIT on the network. Additionally, ARKB experienced an outflow of $226 million. Since February of this year, the BTC ETF has shown a one-sided trend of net outflows, which changed last week, and sentiment towards investments is optimistic.
Yesterday, the Fund Flow in the Ethereum ETF was $56.6 million, of which the inflow from BlackRock ETHA amounted to $60 million, while the outflow from Bitwise ETHW was $3.4 million. The one-sided trend of net outflows from the ETH ETF since February this year has also changed since last week, but the volume of funds flowing into the ETH ETF remains relatively small compared to BTC.

$CAKE After the launch of LIBRA, the President of Argentina Javier Milei promoted it in his X-account, stating that the project is intended to stimulate private sector financing in the country.

The lawsuit states that within a few hours after the launch, insiders withdrew about $107 million from liquidity pools, leading to a 94% drop in LIBRA's market value. Davis, who now faces a potential Interpol red notice at the request of the Argentine prosecutor's office, stated on February 17 that he does not own the tokens directly and will not sell them.

Milei distanced himself from the token, stating that he did not promote the asset, as alleged in the fraud lawsuits against him, but only "disseminated information." The opposition has called for Milei's impeachment, but has not yet succeeded.

#BNBChainMeme The law firm Burwick Law has filed a class action lawsuit in the New York Supreme Court against Kelsier Ventures, KIP Protocol, and Meteora regarding the unfair launch of the LIBRA token, which harmed retail investors. The plaintiffs claim that 85% of the token's supply was withheld at launch, allowing insiders to profit while ordinary buyers incurred losses.

Source: X.com
What else is known? It is also claimed that to artificially inflate the price of LIBRA, the infrastructure platforms KIP and Meteora used a "predatory" unilateral liquidity pool, which allowed insiders to profit while ordinary buyers incurred losses.

$BNB Rusal has signed an agreement with Indian companies Pioneer and KCap to purchase the alumina plant Pioneer Aluminium Industries Limited with a capacity of 1.5 million tons per year, reported the Russian company.

Rusal's subsidiary (MCX:RUAL) will acquire up to 50% of Pioneer in three stages, including in the first stage — 26% for $243.75 million plus adjustments for the company's working capital and debt. All subsequent stages of the transaction will be paid pro rata. The sellers and Rusal intend to supply bauxite from Pioneer and receive alumina from it in proportion to their stakes.
Pioneer owns an alumina plant with a capacity of 1.5 million tons per year (with the potential to expand to 2 million tons) in the state of Andhra Pradesh, not far from the ports of Visakhapatnam, Gangavaram, and Kakinada. Rusal is forced to purchase more than a third of the required alumina on the global markets at exchange prices, the company clarified.

Shares of "M.Video" sharply surged in price during trading on Friday, reacting to the news of the company's recapitalization.

In particular, the "M.Video-Eldorado" group announced a recapitalization of 30 billion rubles this year. New shareholders have already contributed 11.5 billion rubles to the capital, reports RBC.

The names of the shareholders, the mechanism, and the timeline for the recapitalization are still unknown. The company will provide this information later.

As of 17:03 Moscow time, "M.Video" shares were trading up 14.13%, at a price of 126.25 rubles per share. Earlier, the quotes reached a maximum at the end of August 2024 at 128.25 rubles.

The deepening partnership with Baidu is occurring against the backdrop of increasing restrictions on data collection and regulation from both Beijing and Washington, which complicates Tesla's implementation of full self-driving systems and FSD in the company's second-largest market.

In the U.S., Tesla's FSD system does not require high precision and up-to-date navigation maps, as local AI training helps the technology better handle driving. Tesla, which plans to fully deploy the FSD system this year, has not commented on this matter, nor has Baidu.

Tesla's shares closed up 7.59% on Wednesday following positive comments from Trump about Musk and his company. The American leader also, as promised, purchased a red Model S.

#FollowTheLeadTrader Tesla is partnering with Chinese tech giant Baidu to improve the performance of its advanced driver assistance system (ADAS) in China, Reuters reported, citing people familiar with the matter.

In recent weeks, Baidu has sent a team of engineers from its mapping team to Tesla’s Beijing office to work on improving the integration of Baidu navigation data, such as road surfaces and traffic signals, into Tesla’s Full Self-Driving (FSD) software version 13, the people said.
The people did not specify how many engineers were sent to Tesla or whether they would remain there, but said the goal of the project is to ensure FSD V13 has more accurate and up-to-date information about Chinese roads.

$BNB Nevertheless, some investors believe that creating a reserve will have a positive impact on the industry in the long run.

"I am absolutely confident that the market is wrong," said Matt Hougan, Chief Investment Officer of Bitwise Asset Management. "The market is disappointed in the short term" that the government has not announced an immediate purchase of 100,000 or 200,000 bitcoins, he added.

Hougan called the decline in cryptocurrency prices a "short-term failure."
"I think the market will soon find its footing and realize that this is actually incredibly positive in the long term for this asset and for cryptocurrency as a whole," he concluded.

#BinanceTradeSmarter Bitcoin is trying to stabilize on Monday after recent sell-offs, but volatility remains high following Trump's signing of an executive order to create a strategic cryptocurrency reserve, reports CNBC.

As of 09:51 Moscow time, the leading digital coin was trading at $82,438, partially recovering from the March low of $80,259 noted on Sunday. After the rebound, traders are wondering if the psychological support at $80,000 will hold, which blocks the way to the $78,600 mark that the price touched in late February for the first time since November 2024.
The reserve will be formed from coins seized during criminal and civil cases, and the U.S. government has no plans to purchase additional bitcoins. Following the announcement of the strategic reserve last Thursday, cryptocurrencies fell as investors anticipated a more aggressive program.

#USCryptoReserve On Thursday, most Asian stocks jumped amid a sharp rise in Hong Kong stocks, as the postponement of Trump's 25% tariffs on cars for Mexico and Canada eased concerns about a trade war. Optimism was also bolstered by new measures to stimulate the Chinese economy.

Major US stock indices rose on Wednesday on expectations of US tariff negotiations.

Markets celebrate Trump's easing stance.

On Tuesday, Trump escalated trade tensions by imposing 25% tariffs on Canadian and Mexican goods and raising tariffs on Chinese products to 20%.

$ADA After the release, the dollar, which was under moderate pressure, accelerated its decline. The USD index crashed to new 4-month lows, losing the 105.00 mark. Quotes touched 104.85 for the first time since November 8, and at the time of writing at 16:30 MSK, it was trading at 104.94, down 0.58%.

"Uncertainty in policy and slowing consumer spending could have led to layoffs or a slowdown in hiring last month," said ADP Chief Economist Nela Richardson. "Our data, combined with other recent indicators, point to employers' hesitation in hiring as they assess the economic situation ahead."

Job creation in the private sector sharply slowed in February, raising concerns about a cooling economic momentum, CNBC reports.

Companies added only 77,000 new employees last month, significantly lower than the upwardly revised 186,000 in January and below the Dow Jones consensus forecast of 148,000, according to seasonally adjusted data from ADP. Moreover, the February increase turned out to be the modest, fueling concerns about the impact of Trump's tariff wars on the American economy.

$ETH The incident occurred when our multi-signature cold ETH wallet made a transfer to our hot wallet. Unfortunately, this transaction was compromised using a sophisticated attack that masked the signing interface, displaying the correct address, while changes were made to the smart contract logic, - Bybit reported.
The CEO of the crypto exchange also assured users of the full solvency of the platform and that all assets on deposits are secured in a 1:1 ratio.
Despite the fact that Bybit management says that there is nothing to worry about, the theft of $ 1.4 billion has shocked the crypto community.

#GasFeeImpact Please rest assured that all other cold wallets are protected. All payments are proceeding as usual. I will keep you updated as the situation develops. If any team can help us track down the stolen funds, we will be grateful, Zhou said. At the same time, the crypto exchange team reported how the incident took place.

#WalletActivityInsights The first to detect suspicious transactions was crypto detective ZachXBT. He said that 401,346 ETH worth $1.46 billion were withdrawn from the Bybit crypto exchange to an unknown wallet. The hackers then distributed the stolen assets across several addresses to avoid tracking. ZachXBT published a list of these addresses on its official Telegram channel, calling on exchanges to blacklist them.

The exchange's co-founder and CEO Ben Zhou later confirmed the hack, but specified that the hacker took control of a specific ETH cold wallet.