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Anchorage Digital Acquires USDM Stablecoin Issuer Mountain Protocol


Crypto bank Anchorage Digital has announced an agreement to acquire Mountain Protocol, the issuer of the USDM stablecoin. Expanding Anchorage’s Stablecoin Capabilities Anchorage Digital, federally chartered crypto bank in the U.S., has announced an agreement to acquire Mountain Protocol,...

Anchorage Digital buys Mountain Protocol, USDM stablecoin winds down


Crypto bank Anchorage Digital has expanded its stablecoin offerings with the acquisition of Mountain Protocol, a stablecoin issuer that says it will begin winding down its main stablecoin, Mountain USD (USDM).The acquisition, which is subject to customary closing conditions and regulatory approval...

Coinbase x402 payments protocol to make AI agents more autonomous


Coinbase has introduced a new payments protocol for online payments that enables stablecoin transfers over standard internet protocols and AI agents to transact autonomously.  On May 6, Coinbase announced that it is launching a protocol called x402 for instant stablecoin payments directly...

Bitcoin hodler unrealized profits near 350% as $100K risks sell-off


Key points:Bitcoin long-term holders are about to hit a level of unrealized profit, which has traditionally caused them to sell.That level coincides with the return to a six-figure BTC price.Order book data suggests that bulls may not succeed in keeping the upside going.Bitcoin (BTC) risks...

Movement Labs suspends co-founder following MOVE market turmoil


Movement Labs confirmed the suspension of its co-founder, Rushi Manche, following controversies over a market maker deal that he brokered.Movement announced the suspension of Manche in a May 2 X post, explaining that the “decision was made in light of ongoing events.” The decision...

From digital identity to outer space: Projects push crypto use cases


As the crypto space developed, blockchain use cases expanded from simple digital currencies and non-fungible tokens (NFTs) to more complex areas such as digital identity verification and telecommunications. Ahead of the Token2049 event in Dubai, Cointelegraph spoke with Spacecoin CEO Stuart...

Stablecoins: Depegging, fraudsters and decentralization


Opinion by: Merav Ozair, PhDLately, stablecoins are everywhere — this time around, headed by “traditional” financial institutions. Bank of America and Standard Chartered are considering launching their own stablecoin, joining JPMorgan, which launched its stablecoin, JPM Coin...

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