US banks should give better rewards to attract and keep customers instead of griping about the threat that stablecoins pose to their profits, says Bitwise’s investment chief, Matt Hougan. “If local banks are worried about competition from stablecoins, they should pay more interest on deposits,” Hougan wrote on X on Tuesday. He added that the banks are…

The United States’ first memecoin exchange-traded fund (ETF) is set to debut on Thursday, marking the latest step in the expansion of regulated crypto products after the successful rollout of Bitcoin and Ether funds last year. In a social media post on Tuesday, Bloomberg ETF analyst Eric Balchunas said the Rex-Osprey Doge ETF (DOJE) is set to…

Vietnam, ranked among the top countries worldwide for cryptocurrency adoption, is launching a five-year pilot program introducing strict requirements for the crypto industry. Vietnam’s Deputy Prime Minister Ho Duc Phoc signed a resolution enforcing a framework establishing rules for trading and issuance of crypto assets, the Government Electronic Newspaper of Vietnam reported on Tuesday. Taking effect immediately,…

A unit of the Chinese fintech conglomerate Ant Group is tokenizing more than $8 billion worth of energy infrastructure on its own blockchain. Ant Digital Technologies, the enterprise solutions arm of the Jack Ma-backed Ant Group, is in the process of tokenizing 60 billion yuan ($8.4 billion) of power infrastructure on its AntChain network, according to Bloomberg,…

MegaETH, an Ethereum layer-2 protocol backed by Vitalik Buterin, announced the upcoming launch of a yield-bearing stablecoin that might give it a different business model than traditional L2s, which drive revenue through transaction fees. The stablecoin, USDm, is being developed in partnership with Ethena, an algorithmic stablecoin protocol with $13 billion in total value locked (TVL). It will launch…

Backpack EU, the owner of FTX EU — the former European arm of the defunct exchange FTX — is launching operations after settling with the Cyprus Securities and Exchange Commission (CySEC). Backpack EU, registered with the CySEC as Trek Labs Europe, announced on Monday the launch of its perpetual futures platform in Europe, the company told Cointelegraph….