Ethereum Stablecoin Usage Jumps 400% in 30 Days as Whales Buy the Dip — $5K ETH Next?

Ethereum stablecoin usage has exploded 400% over 30 days to reach a new all-time high of $580.9B with over 12.5M transfers, while on-chain data shows whales aggressively accumulating ETH at the $3,738 support level including a newly created wallet spending $32.47M for 8,491 ETH, positioning the leading altcoin toward the highly coveted $5,000 mark that was rejected at $4,953 in August.
The post Ethereum Stablecoin Usage Jumps 400% in 30 Days as Whales Buy the Dip — $5K ETH Next? appeared first on Cryptonews. …

The Fed’s New Account Could Let Crypto Into the System – Here’s What Traders Need to Know

The Fed has described a capped “payment account” that would offer basic access to Fedwire and ACH without interest, overdrafts, or emergency lending, framing it as a payments tool that could reduce reliance on intermediaries for eligible firms, including stablecoin issuers.
The post The Fed’s New Account Could Let Crypto Into the System – Here’s What Traders Need to Know appeared first on Cryptonews. …