It's cold open Monday. Stocks are near record highs because the next phase of AI mania has gripped the minds of investors. Just look at semiconductor stocks which are starting to look as bubbly as inside of a volcano.This week we'll also officially see Kevin Walsh take over as Fed share from Jerome Pal. Interesting to see Bank of America and Goldman Sachs push out their rate cut expectations to a later date before this even happens. But I just want to toss this up for your consideration before my two big in ...

LATEST: The American Bankers Association escalates its lobbying campaign against stablecoin yield provisions in the CLARITY Act, warning senators the bill could still allow crypto firms to drain bank deposits. ...

WILL DEMOCRATS SUPPORT THE CLARITY ACT?The Senate Banking Committee will hold a long-awaited markup of the Clarity Act this Thursday, May 14, at 10:30 a.m. ET, which is the next major step toward comprehensive U.S. crypto market structure legislation.After months of tense talks, Coinbase now backs the compromise on stablecoin yields, despite last-minute pushback from some banking groups worried about deposit flight.Their effort is viewed internally as “milquetoast,” and the core stablecoin issue appears set ...

🇺🇸 NEW: American Bankers Association CEO Rob Nichols urged U.S. bank CEOs to oppose stablecoin yield provisions ahead of Thursday’s Senate markup of the CLARITY Act. https://t.co/F5OUpAEJ4X ...

🏦🇪🇺 @circle leading the EUR stablecoin category with EURC 👇Token Terminal 📊 (@tokenterminal):Tokenized euros looking good here.Also their issuers & underlying blockchains.eu/acc https://t.co/yZtH1lNoCp ...

Well, if you look at the data, and the data tells the story, right. You know, between Circle's stablecoin and and our other larger competitor, if you actually look at transactions and what's being used, everything else rounds to zero. And and USDC now is, you know, a significant majority of transactions.But, I think there's another part of the story, which is that and and this is something that, you know, we're talking about this morning, is in the quarter, you saw a company like Meta, one of the largest co ...

🏴󠁧󠁢󠁥󠁮󠁧󠁿 NEW: Bank of England Governor Andrew Bailey says global regulators will have to "wrestle" with the US to establish international stablecoin standards. https://t.co/mNYp4eKRNg ...

LAGARDE SLAMS US STABLECOIN MODEL, PUSHES "FORTRESS EUROPE" DIGITAL EURO@Lagarde delivered her sharpest pushback yet on euro stablecoins Friday, calling the case "far weaker than it appears" and warning that even euro-denominated tokens like the upcoming Qivalis bank consortium coin pose financial stability risks.Her argument: stablecoins growing from under $10B to $310B in six years, 98% dollar-denominated, threatens "monetary sovereignty." She referenced USDC's 2023 SVB de-peg as proof. Her counter is the ...

$1T in stablecoin volume since August is a stat that makes you stop scrolling.Now imagine if the next $1T was transferred with no fees.Great piece by @Dangawrites & @theblockco on @emanabio‘s talk at Sui Live about where payments & onchain infra on Sui are going next.https://t.co/hDzlkamgNr ...

RT The Market Runup (@TheMarketRunup)NEW Episode of The Market Runup is live🚨@JohnNahas84 from @AvaLabs on why crypto is at the end of the beginningWe covered:- Crypto is no longer the shiny object as AI takes center stage, shifting to what value is created- Payment chains launching for business problems not speculation, Genius Pass opened stablecoin door- Bitcoin holding remarkably well despite macro turmoil, long term holders selling out- Prediction markets stole crypto's dopamine with quick resolution, n ...