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Bank of America CEO warns interest-bearing stablecoins could pull $6T from US banks

In an earnings call transcript shared on X, BofA CEO Brian Moynihan pointed to studies suggesting yield-bearing stablecoins could draw trillions from the banking system....

1dCoinTelegrapheconomics

Kaito winds down crypto-backed ‘Yaps’ as X bans payments for ‘AI slop’

The Kaito.ai and Cookie DAO tokens fell over 15% after X’s ban, a move X’s head of product Nikita Bier said should improve user experience on the social media platform....

1dCoinTelegraphTechnologyImpact

Former NYC Mayor Eric Adams accused of $2.5 million crypto ‘rug pull’ as his NYC Token crashes

Former NYC Mayor Eric Adams has come under fire after his new cryptocurrency token crashed just hours following its launch on Monday. As reported by CoinDesk , Adams' "NYC Token" hit a $580 million ma...

3dThe VergecryptocurrencyImpact

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