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Francisco Rodrigues
Crypto Trends

Major U.S. Banks, Like JPM, Citi, BoFA, and Others, Mull Joint Stablecoin Launch: WSJ

by admin May 23, 2025



Major U.S. banks are weighing launching a joint stablecoin to fend off crypto competition.

Financial heavyweights like JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC), have held discussion on the subject, the Wall Street Journal reported, citing people familiar with the matter. The talks are still in early stages and could change, the report added.

Within the consortium are also payments ventures owned by these banking powerhouses, like Early Warning Services, which runs Zelle, and The Clearing House, which handles real-time payments.

Stablecoins are cryptocurrencies pegged to the value of another asset like a fiat currency or commodity, can settle transactions in a matter of seconds. Banks see potential in them to improve their operations, with international remittances currently taking days through the traditional system.

One idea floated in the consortium’s talks is a stablecoin model open to other banks beyond the core group. Regional banks have also explored similar paths, the WSJ adds, citing sources familiar with the discussions.

The push comes as Washington inches toward regulation. The Senate recently advanced the Guiding and Establishing National Innovation for U.S. Stablecoin (GENIUS) Act, which Senator Hagerty (R-Tenn) described as one that “establishes the first-ever pro-growth regulatory framework for payment stablecoins.”

The improved regulatory environment has seen crypto firms seek bank charters, further adding pressure to banks.

Some of these large financial institutions have already made their move. Société Générale launched a euro-denominated stablecoin, EURCV, back in 2023 through its crypto arm SG Forge. It’s reportedly now looking to launch a U.S. dollar stablecoin as well.

Read more: U.S. Stablecoin Bill Approval Could Trigger a Long-Term Crypto Bull Market: Bitwise



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May 23, 2025 0 comments
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$670M in Bitcoin Moved to Major U.S. Crypto Exchange In Mere Hours
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$670M in Bitcoin Moved to Major U.S. Crypto Exchange In Mere Hours

by admin May 22, 2025


On May 22, leading U.S.-based crypto exchange Coinbase received large transfers involving a total of 6,016 BTC from multiple unknown whales, according to recent data from on-chain tracking platform Whale Alert.

According to the data source, the massive Bitcoin transfers, worth more than $670 million, were executed consecutively in 13 separate, identical transactions.

The 13 transactions saw transfers made in identical amounts, with different unknown wallets sending 463 BTC to Coinbase 11 times. The remaining two transfers involved 462 BTC and 461 BTC, bringing the total Bitcoin inflow to 6,016 BTC in just a few hours.

Although the tracker could not identify the sender’s address, it revealed that the transactions were made from separate unknown accounts.

Whales dump on Bitcoin Pizza Day?

With the large BTC transfers coming during a major Bitcoin bull run that saw the leading cryptocurrency set new records and hit a new all-time high, the move has sparked discussions among the crypto community.

The timing has caught the attention of market participants as it coincides with the legendary Bitcoin Pizza Day, causing enthusiasts to speculate about the motive behind the transfer.

While the transfers were consistent in size and happened in rapid sequence, there are suggestions that it might be a coordinated activity from a single institution attempting to dump its Bitcoin stash.

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Oftentimes, large transfers to a highly liquid platform like Coinbase have been associated with major players preparing to sell off their assets to take profits after amassing gains from Bitcoin’s upsurge.

While movements like this often negatively influence Bitcoin’s price, the cryptocurrency has remained bullish, trading in the green zone since yesterday. Although the reason behind the massive Bitcoin transfers remains uncertain, it has not directly impacted the asset’s price.

Over the last day, Bitcoin has surged by 4.56%, according to data provided by CoinMarketCap. While it achieved a new high of $111,915 today, the coin is trading at $111,538 as of press time.

Source: CoinMarketCap 

Although market participants expect Bitcoin’s price to remain bullish in the long run, recurring dump activities from whales could slow down its potential to continue rising.



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May 22, 2025 0 comments
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Bat Cave
Product Reviews

U.S. Family Infected With Airborne Fungal Disease After Touring Bat-Filled Caves

by admin May 21, 2025


A family vacation to Costa Rica turned sour after 12 of 13 relatives developed symptoms of a fungal lung infection following an excursion through bat-filled caves.

In season two of The Last of Us, the cordyceps fungus—spoiler alert—becomes airborne, meaning the fungal infection can spread not just through bites but also when humans inhale its spores. While the TV show is highly fictitious, airborne fungi are most certainly not. A U.S. family now knows this better than most, since 12 of their members became ill after touring a bat cave in Costa Rica.

In a paper published Thursday in the journal Morbidity and Mortality Weekly Report, researchers described 12 confirmed or probable cases of histoplasmosis: a pulmonary infection caused by inhaling the fungus Histoplasma capsulatum. This fungus lives in soil, frequently alongside bird or bat droppings, and can become airborne if the earth is disturbed. While symptoms are usually subtle, the infection can make infants and immunocompromised people vulnerable to more serious illnesses.

During a vacation to Costa Rica in December of last year, 12 of 13 family members toured the bat-colonized Venado Caves, an ancient cave system and popular tourist destination. This essentially meant crawling through bat poop for two hours. When they returned to the U.S., everyone—except the one family member who hadn’t toured the cave—became ill to varying degrees, with symptoms including fever, headache, muscle pain, night sweats, respiratory problems, and gastrointestinal issues.

Five family members sought medical attention. Doctors tested four of them for fungal infections, and two tested positive for histoplasma. Two of the patients also had abnormal chest X-rays, one of which raised concern for possible lung cancer. After learning about their spelunking expedition, healthcare providers notified the CDC, which launched an investigation. Notably, the cave they had visited had also likely caused a histoplasmosis outbreak in 1998 and 1999.

“Antigen testing for all four patients occurred within 1 month of symptom onset, the optimal time frame,” the team, led by CDC researchers, wrote in the report. “However, because antigen detection sensitivity for histoplasmosis is lower in patients with mild disease who are immunocompetent, the negative test results might have been false negatives.” In other words, given that it’s harder to detect histoplasmosis in healthy patients, the family members who tested negative might still have had histoplasmosis.

Ultimately, doctors confirmed that one family member had histoplasmosis, eight members probably did, and three were suspected of having it. Fortunately, none of them became zombies—or had lung cancer—and within 28 days of exposure, they were all on their way to recovery. While doctors usually prescribe antifungal medication for patients with severe histoplasmosis, many cases in healthy individuals go away on their own.

Histoplasmosis is sometimes difficult to diagnose. As such, the researchers urge clinicians to “consider fungal illness in the differential diagnosis of patients with constitutional or pulmonary signs or symptoms after recent caving or other activities associated with risk for histoplasmosis,” they concluded. In collaboration with the U.S. Embassy in Costa Rica and the Costa Rica Ministry of Health, the CDC hopes to see the risk of histoplasmosis included in the Venado Caves tour waiver forms.

It’s not surprising that The Last of Us is so popular. After all, Andrzej Sapkowski—author of The Witcher—wrote that “there’s a grain of truth in every fairy tale.” That seems to hold true, even in a fungal zombie apocalypse.



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May 21, 2025 0 comments
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Stocks flat as Moody’s downgrades U.S. credit, S&P 500 rally stalls
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Stocks flat as Moody’s downgrades U.S. credit, S&P 500 rally stalls

by admin May 20, 2025



U.S. stocks were little changed Monday as investors reacted to Moody’s Ratings stripping the U.S. of its last triple-A credit grade and lawmakers advancing a tax bill expected to add significantly to federal deficits.

The S&P 500, coming off a five-day winning streak, rose slightly, while the Nasdaq Composite rose 0.01%. The Dow Jones Industrial Average rose 0.3%, with support from a rebound in UnitedHealth Group shares.

Moody’s late Friday downgraded U.S. debt to AA1, citing “persistent, large fiscal deficits” and higher interest costs. 

The move came as the House Budget Committee approved a tax-and-spending plan from President Trump that would extend cuts and boost spending, raising deficit projections.

The 10-year Treasury yield briefly spiked to 4.56%, its highest level in over a month, before pulling back to 4.46%. Yields on 30-year Treasurys touched 5% before settling near 4.95%. The dollar index fell 0.7%, while gold jumped 1.5% to $3,235 an ounce.

Tech stocks, which led recent gains, traded mixed. Tesla dropped 2% following last week’s 17% rally. Apple slipped 1.5%, while Nvidia, Alphabet, and Meta also declined. Microsoft and Amazon edged higher.

Bitcoin is surging 

Bitcoin (BTC) surged to $105,400, lifting shares of Strategy 3%. Palantir, AMD, and Super Micro Computer each fell over 2%.

JPMorgan CEO Jamie Dimon warned that the full economic impact of tariffs had yet to be felt, while Fed officials signaled no immediate changes to interest rates amid ongoing uncertainty.

Global markets were mixed. European stocks rose slightly, while Asia saw losses. The European Union cut its growth outlook, and Diageo forecast a $150 million hit from tariffs.



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May 20, 2025 0 comments
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