A White House report released today has drawn immediate pushback as the CLARITY Act debate over stablecoin yield continues. Banking sources rejected the findings, arguing they miss key funding risks. The report from the Council of Economic Advisers addressed deposit flight concerns, which lawmakers have debated for months. Ad Ad CLARITY Act: Stablecoin Yield Findings
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Iran has further cast doubts over negotiations towards reaching a conclusive settlement in the U.S.-Iran war. This came as the Iranian Parliament Speaker, MB Ghalibaf, described negotiations under the current conditions as unreasonable, as the U.S. has allegedly violated some of the clauses in the framework, which both sides agreed to. Ad Ad U.S.-Iran Negotiations
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The latest FOMC minutes show that Fed rate cuts are still on the cards even as Fed officials remain wary of the impact that the Iran war could have on inflation and the labor market. However, the Fed is likely to hold rates steady in the meantime as it continues to monitor the situation on
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Coinbase Australia secured an Australian Financial Services License with retail derivatives authorization, the company confirmed in a blog post. The approval comes from ASIC and is the first time a crypto exchange has received this license. As a result, COIN stock saw steady recovery to trade above $185. Ad Ad Coinbase Expands With AFSL Approval
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Circle (CRCL) stock jumped by more than 7% during the pre-market trading session on April 8 after reports that economists at the White House have dismissed claims that stablecoin rewards have the potential to harm banks. Towards the end of last month, the Circle stock price dropped due to concerns that the CLARITY Act would
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Tesla stock price remains on edge today, April 8, down by 30% from its all-time high. Still, there is a possibility that the TSLA shares will rebound, possibly to the all-time high as retail investors buy the dip ahead of the SpaceX IPO later this year. Ad Ad Tesla Stock May Rebound as Retail Investors
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Zcash (ZEC) price experienced a remarkable 30% surge on Wednesday, reaching $332 in the past 24 hours. This boost made ZEC become one of the top gainers as the cryptocurrency market showed recovery, after making an impressive comeback. There are several reasons behind such a rally, which include growing interest in privacy coins, recovery in
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