Congress Introduces New Law To Manage Stablecoins

According to the reports, U.S. Congress Members have revealed the STABLE Act, and its main aim is to improve oversight of Stablecoins by implementing financial protections with crypto asset regulations, and the other aim is to introduce measures to make Stablecoins more transparent and it is accountable as their market increases. Congress Members Bryan Steil and…

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Bitcoin ETFs Snap 10-Day Streak: $93M Flees as Fidelity’s FBTC Takes the Hit

Data compiled Friday revealed a striking reversal for spot bitcoin exchange-traded funds, which snapped a ten-session inflow streak with a $93.16 million exodus—marking their first day of negative movement. Bitcoin ETFs Drain While Ether ETFs Gain The abrupt shift punctuated a previously unbroken stretch of positive momentum for U.S. bitcoin ETFs, culminating in a $93.16…

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Elon Musk’s xAI buys X

Welcome back to Week in Review! Elon Musk says that xAI bought X in an all-stock deal; a16z-backed 11x faked some customers; the Lumon Terminal Pro pops up on Apple’s website; and much more. Let’s dig in! xAI buys X: X owner Elon Musk announced on X on Friday that xAI acquired X in an…

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