In answer to Wall Street bank lobbying, crypto group Stand With Crypto said it enlisted its online members to send a message more than 250,000 times to the U.S. senators in their states, pushing back on the bankers' attempt to stymie the avenue for stablecoin rewards in the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The letter crafted by Stand With Crypto — a U.S. pro-crypto member organization initially established by Coinbase — urges lawmakers to ignore the banking a ...

Global Trading Volume - Asian hours account for 42% of global trading volume [1] - Price discovery primarily occurs between 9 PM and 5 AM EST [1] - Western markets react to prices established during Asian trading hours [1] Investment and Monetary Policy - Japan is deploying $45 billion at negative rates into stablecoin yields [1] - Korea's pension fund divests $8 billion quarterly [1]

Stablecoin Yields & Validator Exits - Farming stablecoin 30% yields is unsustainable due to validator exits [1] - Validator exits spiked by 217,000 ETH in 2 days [1] Aave & wstETH Risk - Aave owns 28% of wstETH [1] - Liquidations could cascade upon wstETH depeg [1] - Market participants are leveraged on the same collateral, posing a systemic risk [1]