[Morning News Briefing] IMF Stablecoin Regulation Analysis, Major Cryptocurrency Market News

Source: TokenPost Original Title: [Morning News Briefing] IMF: “Regulating Stablecoins Alone is Not Enough… Strong Macro Policies and International Cooperation Needed” Etc. Original Link: https://www.tokenpost.kr/news/briefing/311514

IMF: “Regulating Stablecoins Alone is Not Enough… Strong Macro Policies and International Cooperation Needed”

The International Monetary Fund((IMF)), in a report analyzing the risks from the expansion of the stablecoin market, stated, “Stablecoins absolutely require international coordination.” The report reviewed regulatory cases in the US, UK, Japan, and the EU, noting that while regulation helps mitigate risks, fragmentation across countries and issuance methods creates concerns over inefficiency and decreased interoperability. The IMF emphasized that the primary defense against stablecoin risks is not regulation, but strong macro policies and a solid institutional foundation, highlighting the importance of international coordination.

MoneyGram Partners with Fireblocks to Launch Stablecoin Payments

Global remittance company MoneyGram( has partnered with crypto custody firm Fireblocks) to introduce stablecoin-based payments and a real-time treasury system. MoneyGram will leverage Fireblocks’ digital asset infrastructure to support stablecoin payments such as USDC across multiple blockchains.

Meta Considering 30% Budget Cut for Metaverse Business

Meta( is considering the largest budget cut to its metaverse-related business since its 2021 rebranding. According to internal review documents, the plan includes reducing the budget for its metaverse-focused division, Reality Labs) (FRL), by up to 30% by 2026. Meta is shifting toward rapidly commercializable hardware such as generative AI technology and AI-powered Ray-Ban( smart glasses. Meanwhile, the metaverse-related cryptocurrency market is virtually collapsed—RENDER) has dropped below a $1 billion market cap and fallen out of the top 100, while SAND( and Decentraland) (MANA) have also hit all-time lows. The total market capitalization of the metaverse sector has decreased from over $50 billion at the start of the year to around $3.4 billion now.

European Exchange WhiteBIT Expands to the US Market

European crypto exchange WhiteBIT( has entered the US market. WhiteBIT US is an independently operated entity tailored to US regulatory requirements and has secured the necessary operational licenses. The company is preparing to launch services across all 50 states.

Chainlink CCIP-Powered Base-Solana Bridge Launched

A new bridge linking Coinbase’s layer-2 network Base) and the Solana( blockchain has been launched, enabling asset transfers between the two ecosystems. Secured by Chainlink’s cross-chain interoperability protocol (CCIP), the bridge allows users to trade Solana-based tokens within Base-based decentralized applications.

Former Signature Bank Executives Launch Blockchain-based Bank N3XT

Former executives from Signature Bank have launched N3XT Bank, a blockchain-based full-reserve) bank. Operating under a Wyoming SPDI( (Special Purpose Depository Institution) license, N3XT adopts a ‘narrow bank)’ model, not using deposits for loans. Deposits are held 1:1 in cash and short-term US Treasuries and are disclosed daily. Based on this, the bank provides 24/7 programmable dollar payments and smart contract-based automated remittance features. Investors include Paradigm and Gemini founders the Winklevoss twins.

CFTC: “Spot Crypto Trading Permitted”

The US CFTC( (Commodity Futures Trading Commission)) has allowed spot crypto trading on exchanges registered with the agency.

Crypto Investor Donates $12M to UK Reform Party

Crypto investor Christopher Harborne( has donated $12 million to the right-leaning UK Reform Party. This is the largest single donation) (by a living individual)( ever made to a UK political party. Harborne has previously invested in stablecoin issuer Tether and Bitfinex. However, the donation was made in cash, not cryptocurrency.

Perp DEX Lighter Launches Spot Trading Service

Decentralized perpetual futures exchange) Perp DEX Lighter( has launched spot trading services. ETH trading is starting first, with additional trading pairs to be added in the coming days.

Kalshi Forms Partnership with US CNBC

Prediction market Kalshi) has formed a partnership with US cable news channel CNBC. Kalshi’s prediction market data will be used in CNBC’s program production. Kalshi previously partnered with CNN as well.

MetaMask Integrates Polymarket Feature in Mobile App

Crypto wallet MetaMask has integrated the prediction market Polymarket( into its mobile wallet. With this update, users can trade on Polymarket directly within the MetaMask app without needing to access a separate browser.

VerifiedX Partners with Blockdaemon

BTC sidechain VerifiedX) has partnered with blockchain infrastructure provider Blockdaemon( to integrate Blockdaemon’s staking and liquidity infrastructure into VerifiedX’s Switchblade wallet and Butterfly social payment app.

Changpeng Zhao: “Peter Schiff Only Sees BTC as Speculation… Lacks Real Usage Experience”

A leading exchange founder stated on X, “Peter Schiff) accurately identifies problems in the monetary system, yet only views Bitcoin as a speculative asset. That’s because he has never actually used Bitcoin himself.” Previously, Peter Schiff said, “Calling Bitcoin digital gold is a delusional expression. Bitcoin holders will end up dumping all their holdings.”

Changpeng Zhao: “No Collaboration with the Trump Family… No Plans to Return to Management”

A leading exchange founder said that there is no partnership with the Trump family. He added, “I also have no intention of rejoining the daily operations of the exchange.”

BTC Price Trend

BTC surged above $93,000. It later fluctuated above $92,000, then below $92,000, and below $91,000, showing some volatility at present.

BTC Continues to Decouple from Nasdaq… “Bottom Formation Signal”

The negative correlation between BTC and the Nasdaq 100 continues, raising the possibility of a bottom being formed. On the 20th, the correlation coefficient was -0.43. After similar levels in 2021, September 2023, and August 2024, BTC rebounded after forming a bottom. Currently, BTC is down -27% from its all-time high, while the Nasdaq is down only -2%, widening the gap. However, some note that it is still too early to confirm whether this decline signals a bottom due to lingering uncertainty.