Powell said the "ultimate source of credibility in money is the central bank" and the Fed should have a "robust federal role" in determining the future of any form of money, including stablecoins.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

	Open in app or online Powell says stablecoins are a ‘form of money’ that central banks should supervise Powell said the "ultimate source of credibility in money is the central bank" and the Fed should have a "robust federal role" in determining the future of any form of money, including stablecoins. Jun 21   Share   Happy Wednesday! The global crypto market cap is $1.18 trillion, with a 24-hour volume of $63.03 billion. The price of Bitcoin is $30,540.36, and BTC market dominance is 50.1%. The price of Ethereum is $1,888.89, and ETH market dominance is 19.2%. The best-performing sector is eCommerce, which gained 76%. The Crypto Fear & Greed Index is currently Greed (59). Top News Powell says stablecoins are a ‘form of money’ that central banks should supervise Powell said the "ultimate source of credibility in money is the central bank" and the Fed should have a "robust federal role" in determining the future of any form of money, including stablecoins. WisdomTree submits new filing for spot Bitcoin ETF The company's latest filing follows an ETF application from BlackRock. Bitcoin price briefly pumps to $138,000 on Binance.US amid exchange’s liquidity crisis Binance.US's legal woes have led to a liquidity crunch as traders and market makers flee the exchange. Will NEAR become the Blockchain Operating System of web3? NEAR's Blockchain Operating System aims to simplify web3, transforming blockchain interaction. Latest Insights Bitcoin rallies past $27k, while ETH/BTC ratio sinks Miners are moving Bitcoin to exchanges en masse Return of Bitcoin leverage signals impending market volatility UK core inflation surges: A grim report for Bank of England 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 on Twitter Weekly Swissblock Insights agenda Introducing our weekly agenda (every Monday), where we provide a glimpse of what will be covered this week. Here is today's brand-new publication Here is today's brand-new publication https://swissblock.substack.com/p/btc-cooling-down-before-going-off Take a look at this week's agenda below. More News Bitcoin back above $28k; commands 49% of market share as altcoins struggle Bitcoin briefly regained 50% market share today as investors continue to pull out of altcoins. Avalanche’s Core app launches AI chatbot AvaGPT is an AI-powered chatbot simplifying Avalanche blockchain queries and enhancing the Core app experience. Uniswap founder calls US’ approach to regulating crypto ‘sad and unfortunate’ Hayden Adams said that many countries in the world are taking steps to "study DeFi and understand it" but the U.S. is mostly using it for "political grandstanding, unfortunately." Bitcoin Cash jumps 21% following EDX Markets listing Bitcoin Cash breaks out of its macro downtrend following its listing on the legacy-backed institutional trading platform. BIS says crypto is a ‘flawed system’ but tokenization could underpin future financial system According to the BIS, crypto inherently lacks the trust that money needs — which only central banks can provide. Questions? Get in touch with us here. Connect with us Telegram • Twitter • LinkedIn • YouTube • Instagram   Like Comment Restack   © 2023 Zenzio Incorporated 11010 Harbor Hill Dr NW, STE B405, Gig Harbor, WA 98332 Unsubscribe