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Bloomberg reported that Goldman Sachs, Citigroup, Banco Santander, Deutsche Bank, and other firms have committed around $270 million to a joint stablecoin venture.
The money is intended to cover roughly five years of operating costs for a new U.S.-incorporated company that will issue a dollar-denominated stablecoin. The project is internally codenamed “Project Faro.”
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Liquidity: Another 250m new dollars issued on @solana
US 10 Year Treasury hits 5% again
Whale Clip: $178m in $XRP paid between two unknown wallets
Whale Clip: Unknown wallet pays a second unknown wallet half a billion in $BTC (7656 $BTC)
Tx: abe8a2fc14ff306554f251fe9b2c5e9064f63b8f283233dbe3f4fbc4deaba5ab
Trump’s memecoin helped sink the Clarity Act, ex-CFTC chair Giancarlo says
Giancarlo made the remark in an interview with Cointelegraph, saying he believes the president’s memecoin contributed to the market structure bill’s failure.
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30 second Liquidation Levels for crypto traders
Liquidations: 120400 traders liquidated for $714m
Long: $589m
Short: $125m
Largest liquidation on HTX - $ETH Long for $31.5m
The perp community is def coming together against the common exchange which to me is a lot more hygienic than pvp meme coin markets where traders rage war against each other and have tribal warfare in the timeline.
We are all in this together against a common final boss.
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