Standard Chartered says U.S. banks could lose more than $500 billion in deposits to dollar-backed stablecoins by the end of 2028, with regional banks most at risk. The shift is driven by faster, easier stablecoin payments and growing demand for yield, which is pulling money away from traditional bank accounts.
AnaisArizona lawmakers advanced two bills to exempt cryptocurrencies from property taxes, with one proposing a constitutional amendment for voter approval in November. The measures aim to clarify crypto taxation despite previous vetoes from Governor Katie Hobbs.
WeatherlyBitcoin and major cryptocurrencies fell sharply as investors shifted money into gold and silver, which hit record highs during market uncertainty. Dogecoin co-founder Billy Markus mocked the move with a meme, highlighting how many traders mistimed the switch.
AnaisTikTok settled a lawsuit with a 19-year-old who claimed the app caused addiction and mental health issues, just hours before her trial was set to start in Los Angeles. Snap also settled earlier, while cases against Meta and YouTube will continue.
WeatherlyOKX has launched OKX Pay and OKX Card in Europe, allowing users to spend stablecoins at Mastercard merchants and access DeFi and tokenised assets where regulations allow. The services operate under EU rules with mandatory KYC checks, combining everyday payments with regulated crypto use.
AnaisOpenAI is exploring a humans-only social network that could use biometric checks, such as World’s eye-scanning Orb or Apple’s Face ID, to stop bots and fake accounts. After the report, World Network’s WLD token jumped more than 27%, even though no partnership has been confirmed.
JoyCoinbase has launched its prediction markets across all 50 U.S. states, allowing users to trade on outcomes in politics, sports, culture, and the economy. The feature is powered through a partnership with Kalshi, with trades starting at $1 and fully integrated into users’ existing accounts.
WeatherlyFidelity is launching its first stablecoin, the Fidelity Digital Dollar, on the Ethereum blockchain, backed by cash and short-term U.S. Treasuries. The move shows large financial firms are becoming more open to using public blockchains for payments and settlement.
AnaisThe UAE central bank has approved USDU, the country’s first US dollar-backed stablecoin, allowing regulated institutions to use it for digital asset payments and settlement. Issued by Universal Digital and fully backed by US dollars held in local banks, the token operates under strict regulatory oversight.
WeatherlyBybit will launch retail banking services in February, offering users personal IBAN accounts to send, receive, and hold multiple currencies. The service will let customers deposit fiat, pay bills, receive salaries, and trade crypto, in partnership with banks including QNB and Pave Bank.
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