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Coinbase COIN Stock Drops 10% Following SEC's Lawsuit Against Binance


Shares of major US-based cryptocurrency exchange Coinbase plunged 10% after the US Securities and Exchange Commission annouuced charges against Binance and its founder Changpeng Zhao. Coinbase stock ended the last trading day on Monday trading at $58.71, down by 9.05%, according to data by Yahoo...

Japanese Banking Giant MUFG to Deploy Stablecoins on Public Blockchains


Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan, announced its plans to deploy and distribute bank-backed stablecoins on different public blockchains. The Japanese bank has partnered with Datachain, a blockchain interoperability company, and Toki, a cross-chain bridge, to allow...

USDC Goes L2: Circle’s Stablecoin to Make Its Native Debut on Arbitrum


Stablecoin provider, Circle Internet Financial, has revealed that its dollar-pegged token, USDC, will be natively introduced on the layer two (L2) blockchain Arbitrum on June 8. The announcement follows Circle’s disclosure of its euro-pegged coin, EUROC, merging with the Avalanche blockchain...

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