News

The protocol's lvlUSD stablecoin hit $80 million market capitalization since its beta launch and outperformed rival yield-generating stablecoins, founders told CoinDesk in an interview.

Your day-ahead look for March 18, 2025

Financial technology firms and crypto companies are seeking to become state or national banks in a bid to expand their business under the Trump administration that they view as more industry-friendly, according to more than half a dozen industry executives. Firms that had been seeking to expand and gain credibility with customers see an opportunity under U.S. President Donald Trump to get licenses that regulators were previously slow or reluctant to approve. Discussions and preparations for bank charters have increased significantly, according to two other sources who are working on potential applications.

Charlie Morris, founder of ByteTree, likens this gold rally to a "proper gold rush".

Coinbase Global (NASDAQ: COIN) just made a move that could open up new capital inflows for both Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP), among other cryptocurrencies large and small. On March 11, Coinbase said that the Financial Intelligence Unit (FIU) of India, an anti-money-laundering authority in the country, had granted it permission to start a registration process that is likely to end with it offering cryptocurrency investments and services there before the end of this year. The permission is a big deal because the company's past attempts to compete in India haven't gone well.

Francois Villeroy de Galhau, Governor of the Bank of France and a key member of the European Central Bank (ECB), has warned that the U.S.’s increasing embrace of cryptocurrencies.

Crypto exchange-traded products (ETPs) saw significant outflows last week, with $1.7 billion withdrawn, continuing a streak of negative flows for the fifth consecutive week.