Galaxy Digital Unveils New Trading App With Shocking 8% APY – But There’s a Catch

Galaxy Digital has launched GalaxyOne, unifying crypto, stock, and cash management. The platform has offered 4% APY on FDIC-insured cash and 8% on Galaxy Premium Yield Notes, backed by its lending desk, and has supported trading in BTC, ETH, SOL, and PAXG with commission-free U.S. equities.
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Banking Giant Issues Dire Warning: Stablecoins Could Drain $1 Trillion From Global Banks by 2028

Standard Chartered has said stablecoins have functioned as USD accounts in EM, projecting $1.22T by 2028 and a $1T drain from deposits. The U.S. GENIUS Act has set rules and the Bank of England has proposed caps, as EM Banks have faced pressure in high-inflation markets.
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Multicoin Exec Says GENIUS Act Will End Banks’ ‘Rip-Off’ of Retail Depositors with Low Rates

Multicoin Capital managing partner Tushar Jain predicted that the GENIUS Act will trigger a competitive upheaval in retail banking with major technology companies like Meta, Google, and Apple poised to challenge traditional banks by offering stablecoin products with superior yields and user experiences leveraging their massive distribution networks.
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VanEck Warns of ETH Dilution Risk as Digital Asset Treasuries Reach $135B

Digital asset treasuries have surged to approximately $135 billion in total holdings with investment firm VanEck cautioning that Ethereum holders face growing dilution risks as the network’s economics shift away from fee-driven yields toward monetary asset status.
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