American economist Paul Krugman, who won the Nobel Prize in 2008, believes that stablecoins do not have any practical utility. In a May 30 blog post entitled ‘Digital Corruption Takes Over DC,’ Krugman opined that “stablecoins don’t serve any clearly useful function,” adding: “They [stablecoins] can’t be used to make ordinary purchases, and there’s nothing…
Over the last year, meme coins have garnered significant attention in the space, attracting high trading volumes and generating returns of several thousand percent in a matter of hours in some cases, despite being highly controversial. These often-viral assets are doing more than just making headlines. Meme Coins Spark Broader Crypto Participation According to the…
Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. Unlike the Coinbases, Fidelities, and Galaxies of the crypto world that frequently make the headlines, core infrastructure providers quietly building out the rails of…
Tron TRX has maintained strong stability during a period of widespread market turbulence. The tenth-largest cryptocurrency has consistently traded above $0.26 for over two weeks and has managed to retain this level even as global trade tensions rise. This growth amid broader market volatility is supported by a marked decline in key risk metrics. TRX…
The International Monetary Fund (IMF) wants Pakistan to urgently clarify its plans for allocating power to Bitcoin mining amid the country’s electricity shortages and fiscal problems, according to a local news report. The IMF delegation is expected to hold a separate virtual session with Pakistan’s Finance Ministry to specifically discuss the electricity allocation. Last week,…
Bitcoin (BTC) is well within a bull market, but certain metrics suggest that the cryptocurrency may have reached a short-term top. This means that BTC may experience a significant price correction before another rally ensues. A report from the market analytics platform CryptoQuant revealed that the metrics that appear to be overheating are those pertaining…
Solana is trading at $154.00, down 1.29% in the last 24 hours, with a volume of $2.2 billion. This drop comes after a $161 million whale transfer and $323 million in net realized losses, indicating pressure from large holders. Whale Alert reported a transfer of nearly 1 million SOL tokens, indicating cautious sentiment amid ongoing…
Memecoin investors should realize that the U.S. Securities and Exchange Commission (SEC) will not come to their aid if they lose their money, Commissioner Hester Peirce told CNBC on Friday. Peirce, who was appointed by now crypto-friendly President Donald Trump in 2018 and heads the SEC’s newly created Crypto Task Force, noted: “…generally, it’s good…
XRP is currently trading at $2.16, up 0.66% in the last 24 hours, with a trading volume of over $1.82 billion. The recent price move is on the back of Bitcoin’s slight gain, but XRP’s fundamentals are quietly improving. Ripple’s active role in exploring Central Bank Digital Currencies (CBDCs) is boosting optimism. France is exploring…
Ripple faced a sharp rejection at the upper boundary of its descending wedge, triggering a significant decline. Adding to the bearish outlook, the asset has slipped beneath both the 100-day and 200-day moving averages, an important technical breakdown that raises the probability of an extended correction. XRP Analysis The Daily Chart XRP’s recent attempt to…