Anchorage Digital Launches fUSD as SoFi Enters Stablecoins

Falcon Finance has launched a dollar-backed stablecoin, fUSD, through Anchorage Digital Banks federally regulated issuance platform, according to a Wednesday announcement.  The companies said the stablecoin is backed by short-dated US Treasurys, cash and Treasury-backed repurchase agreements.  The new stablecoin is designed for institutional trading, collateral and treasury workflows and will initially be used as collateral through Ceffu‘s MirrorRSV system. According to the announcement, the stablecoin extends Falcon Finance’s existing USDf synthetic dollar product into federally regulated issuance.  The companies said fUSDs reserve structure was designed to align with standards proposed under the GENIUS Act, which would establish federal rules for dollar-backed stablecoins in the United States.  Falcon Finance Chief RWA Officer Artem Tolkachev told Cointelegraph that the stablecoins structure separates token issuance from reward payments in an effort to comply with proposed restrictions on yield-bearing stablecoins under the bill.  “Anchorage issues fUSD and pays no yield on the token itself,” Tolkachev said. “Falcon pays rewards to qualifying institutional holders through separate contracts.”  Anchorage Digital said the stablecoin is being issued through its federally regulated banking platform, which includes AML and KYC requirements tied to US banking rules. The company is the parent of Anchorage Digital Bank, which received a national trust bank charter from the

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Hyperliquid Enters Top 10 Crypto With New ATH, But How High Will It Be If It Overtakes Ethereum?

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scotts dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.  Scott‘s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.  With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion

05-28

New Zealand’s Budget Release: Forecasts 2.3% GDP growth in 2026/27

New Zealand‘s Finance Minister Nicola Willis delivered the government’s Budget 2026 on Thursday with the details below.  Key quotes  NZ sees 2025/26 operating balance before gains, losses NZ$-15.06 bln (hyefu NZ$-16.93bln).  NZ sees 2026/27 OBEGAL balance NZ$-14.09 bln (hyefu NZ$-12.99bln).  NZ 2025/26 cash balance NZ$-9.31 bln (hyefu NZ$-14.80).  NZ sees 2026/27 GDP +2.3% (hyefu +3.4%).  NZ sees 2025/26 net debt 42.4% of GDP (hyefu 43.3%).  NZ Fin Min says will introduce prudential levy on banks, non-bank deposity takers, insurers and other financial market participants.  NZ Fin Min says new prudential levy to recover around NZ$209 million over next four years.  NZ govt expects to returning operating balance before gains, losses surplus in 2029/2030.  NZ treasury sees inflation peaking at 4.0% in Q2 2026.  NZ DMO plans to issue nz$34 billion worth of bonds in 2026/27, unchanged with December forecast.  NZ DMO planned gross bond issuance for four years to June 30 2030 is NZ$124 bln down from NZ$130 bln forecast in December.  Market reaction  At the time of writing, the NZD/USD pair is trading around 0.5900, up 0.02% on the day.  New Zealand Dollar FAQs  The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and

05-28

Market Movers: Memory Chip Giants Hit $1 Trillion as Goldman Sees S&P 500 Reaching 8,000

Micron Technology jumped 19.3% to $895.88 following a UBS price target increase to $1,625, elevating its valuation beyond $1 trillionSK Hynix achieved a $1 trillion market capitalization milestone as memory chip valuations doubled during Q1Marvell Technology climbed more than 5% before its earnings release, benefiting from its AI networking and custom chip exposureAbercrombie & Fitch exceeded profit forecasts with $1.47 EPS while revenue came in marginally below expectationsGoldman Sachs elevated its S&P 500 year-end projection to 8,000, citing AI sector earnings as a primary catalyst for roughly 50% of anticipated gains  May 26 brought significant market action across Micron Technology, SK Hynix, Marvell Technology, Abercrombie & Fitch, and Goldman Sachs. The trading session featured notable movements in AI memory manufacturers, retail sector updates, and optimistic market forecasts.  Below is a comprehensive analysis of each major development.  Micron Technology Rallies 19% on UBS Upgrade  Micron Technology delivered an exceptional trading performance with one of its strongest single-day gains. Following UBSs dramatic price target revision from $535 to $1,625, shares climbed 19.3% to close at $895.88.  This substantial rally propelled Microns valuation past the $1 trillion threshold for the first time in company history. UBS analysts pointed to extended customer contracts, constrained memory supply, and escalating artificial

05-28

Japan’s Katayama hopes BoJ sustains 2% inflation target with wage growth

Japans Finance Minister Satsuki Katayama said that she hopes the Bank of Japan (BoJ) will adopt suitable monetary policy to stably, sustainably reach 2% inflation target with rising wages.  Key quotes  Cabinet agrees specific monetary policy tools are left to BoJ.  Hopes BoJ will adopt suitable monetary policy to stably, sustainably reach 2% inflation target with rising wages.  No further details on premier‘s meeting with BOJ Ueda beyond governor’s remarks.  BoJ law requires adequate communication with government while maintaining central bank independence.  Market reaction  As of writing, the USD/JPY pair is up 0.07% on the day at 159.55.  Bank of Japan FAQs  The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%.  The Bank of Japan embarked in an ultra-loose monetary policy in 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment. The banks policy is based on Quantitative and Qualitative Easing (QQE), or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy by first

05-28

British Pound softens to near 1.3400 as US-Iran tensions boost safe-haven US Dollar

The GBP/USD pair attracts some sellers near 1.3400 during the Asian trading hours on Thursday. The British Pound (GBP) weakens against the US Dollar (USD) on fresh geopolitical developments. Markets remain cautious ahead of the release of the US April Personal Consumption Expenditures (PCE) Price Index inflation report, which is due later in the day.  The US military carried out new strikes in Iran, targeting a site that posed a threat to US forces and commercial traffic, according to Reuters. The US described the actions as measured, purely defensive, and intended to maintain the ceasefire.  On Wednesday, President Donald Trump vowed to reach a favorable deal to end the war with Iran, warning that the regime‘s efforts to bore him with waiting will not work because “I don’t care about the midterm elections.” Rising tensions and signs of a prolonged conflict in the Middle East could boost a safe-haven currency such as the Greenback and create a headwind for the major pair in the near term.  Markets have scaled back expectations for a rate hike from the Bank of England (BoE) following softer inflation data, an unexpected rise in the Unemployment Rate to 5.0% for April, and easing political concerns.  “Traders now price one

05-28

XRP Perp Activity on Binance Signals Rising Speculative Momentum

Leverage Is Back. Price Has Not Caught Up Yet  That divergence between derivatives activity and spot price is the part worth unpacking. Traders were adding short-term leveraged positions in size, yet XRP was not moving with the same energy. The imbalance between perp volume and spot volume tells you where the conviction actually lives.  A volume imbalance value of 0.54 does not arrive quietly. It indicates perpetual contract volumes running considerably higher than spot, a sign that traders are positioning for moves rather than simply holding or accumulating.  Per the CryptoQuant quicktake, the closer the Z-Score gets to or past 1, the more pronounced the momentum signal becomes. It was sitting at 0.95. Close enough.  What the Chart Does Not Say Outright  The indicator does not make a directional call. It tracks intensity, not intent. Traders piling into perps on Binance could be going long, short, or both, and the data does not sort that out cleanly. What it does show is that the quiet period is likely over.  Recent reporting on XRPs Binance liquidity conditions noted the 30-day liquidity index had collapsed to multi-year lows, around 0.043, a reading not seen since early 2020. Shallow order books plus rising perp activity is a combination that

05-28

US sanctions Persian Gulf Strait Authority in an attempt to discourage Tehrans dominance

The United States (US) Treasury Department said on Wednesday that it has sanctioned the Persian Gulf Strait Authority, the body Iran has set up to manage the Strait of Hormuz, the conduit for about a fifth of the global oil supply. US Treasury Secretary Scott Bessent said, “The Iranian militarys latest attempt to extort global maritime trade is proof that Economic Fury has left the regime desperate for cash.” This move by Washington could lead to de-escalation in the US-Iran negotiations towards a permanent ceasefire.  Additional Information  The authority is a body Iran has set up to manage requests for passage through the Strait of Hormuz.  Tehrans grip on the strait has sent the world economy into turmoil.  It closed the strait after the US and Israel launched its war against Iran on February 28.  Anyone cooperating with the authority may be providing support to and receiving services from Irans Islamic Revolutionary Guard Corps and may be sanctioned, the Treasury said in a statement.  The Persian Gulf Strait Authority published a map last week reaffirming Tehrans claims to a wide stretch of water on either side of the choke point.  Market reaction  There seems to be a positive response to oil prices after Washingtons fresh sanctions. As of

05-28

Kraken rolls out Bitcoin vault product for holders to earn yield

Crypto exchange Kraken has launched a non-custodial Bitcoin product, giving a 2.5% yearly yield, adding to the companys yield product offerings amid a rising investor demand for crypto reward products.  Kraken unveiled the product on Wednesday with the support of crypto yield infrastructure provider Veda, which said the offering seeks to remove “the headaches that come with wrapping Bitcoin, moving assets, or managing a crypto wallet.”  Krakens offering comes as Bitcoin (BTC) holders demand for yield products has risen, but have seen limited development as the Bitcoin blockchain does not have mechanisms for users to generate yield compared to blockchains such as Ethereum and Solana.  “Many Bitcoin holders on Kraken have made it clear they want simple ways to earn on the Bitcoin they already plan to hold,” Kraken Earn product director John Zettler said in a statement.  Source: Kraken  About 10 hours after the launch, Veda said the Bitcoin yield product had passed $30 million worth of Bitcoin deposits from 4,000 unique wallets.  Krakens three stablecoin yield products that it launched in January have exceeded around $245 million in customer deposits and generated over $2.2 million in yield since launching on Jan. 26.  Related: Coinbase, Apex Group tokenize Bitcoin Yield Fund on Base  Kraken‘s product generates yield

05-28

Bitmine Announces Largest ETH Buy as Tom Lee Predicts Supercycle

Ethereum  Bitmine Announces Largest ETH Buy as Tom Lee Predicts SupercycleBitmine bought 111,942 ETH worth more than $237M, marking its largest purchase of 2026.The company now holds roughly 5.39M ETH, equal to about 4.47% of the circulating supply.Chairman Tom Lee said Bitmine expects a crypto and ETH “supercycle” driven by tokenization.  Bitmine Immersion Technologies made its biggest Ethereum purchase of 2026 after buying 111,942 ETH during last week‘s pullback in crypto markets. The purchase was worth more than $237 million based on Ethereum’s recent trading range near $2,100.  The move pushed Bitmine‘s total holdings to roughly 5.39 million ETH, giving the company control of about 4.47% of Ethereum’s circulating supply of 120.7 million coins.  Chairman Tom Lee said the company viewed ETH trading below $2,200 as an attractive accumulation zone despite continued market weakness.  Ethereum has traded between roughly $2,025 and $2,147 over the past week and remains down more than 58% from its August 2025 all-time high near $4,946.  Lee said Bitmine still expects a long-term crypto “supercycle” driven by Wall Street tokenization and AI-related blockchain demand.  Bitmine Moves Closer to 5% ETH Supply Target  Bitmine has become the largest public Ethereum treasury company following months of aggressive accumulation.  The company said it is now nearly 89% of

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