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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....

3dCoinTelegrapheconomics

America's Grip on Bitcoin Mining Slips, Despite Trump's Ambitions for Dominance

North America is becoming a less dominant force in the Bitcoin mining industry, ceding newly minted BTC to adversaries like China....

4dDecryptcryptocurrencyImpact

Scaramucci says stablecoin yield prohibition undermines US dollar

The expanded prohibition on stablecoin yield in the CLARITY Act makes the US dollar less competitive than the Digital Yuan, Scaramucci said....

16hCoinTelegraphcryptocurrencyImpact

Figure Technology unveils blockchain platform for direct stock lending

The Nasdaq-listed company is rolling out an onchain equity system that allows real shares to be issued and lent directly on blockchain infrastructure....

4dCoinTelegraphTechnologyImpact

New NYC Mayor Mamdani says he holds no crypto, will not buy Adams' memecoin

Less than two weeks into office, Zohran Mamdani said ”no” when questioned whether he held any crypto or planned to invest in a former New York City mayor's memecoin project....

5dCoinTelegraphPoliticsImpact

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