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Retail crypto transactions surge on regulatory clarity: TRM Labs

Global retail crypto transactions have surged by 125% over the past two years, driven by improving regulatory clarity, according to TRM Labs. The increase, noted in the firm's Crypto Adoption and Stablecoin Usage Report, highlights a growing pattern of individuals engaging in payments, remittances, and value preservation amidst economic volatility. The U.S. witnessed significant growth from 2023, fueled by political and regulatory developments that have attracted new market players. In Pakistan, despite regulatory challenges, crypto adoption has been bolstered by friendly government actions and is projected to reach 28 million users by 2026. Interestingly, countries like Bangladesh, which impose restrictions on crypto, still rank high in adoption. This suggests that grassroots demand for financial alternatives can often overcome formal restrictions. The report underlines a global trend where regulatory clarity facilitates broader crypto adoption and stablecoins play a significant role in this evolution.

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CoinDesk 20 Performance Update: Index Drops 3.9% as All Constituents Trade Lower

The CoinDesk 20 index has dropped 3.9% to a trading level of 3565.23, as all listed cryptocurrencies experienced declines. Notably, Sui (SUI) led the downward trend with a significant fall of 6.7%, followed by Filecoin (FIL) which declined by 6.3%. This trend marks a continuation from

DraftKings Prediction Market App Will Focus on States Without Legal Sports Betting

DraftKings has acquired the prediction market company Railbird to launch its new DraftKings Predictions mobile app, specifically targeting states without legal sports betting. This strategic move comes as weekly prediction market volume surpassed $2 billion, indicating a growing interest in such platforms. Experts project that the prediction market industry could

FalconX to acquire 21Shares

FalconX, a prominent institutional digital asset prime brokerage, has announced its acquisition of 21Shares, a Swiss-based firm known for offering the world's largest suite of cryptocurrency exchange-traded products (ETPs) and funds (ETFs). This strategic acquisition aims to merge FalconX's advanced trading, derivatives, and credit capabilities with

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