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President Trump-backed World Liberty Financial is announcing plans to launch a new stablecoin on Tuesday that would be aimed at bridging traditional finance with digital assets. According to a press release, the new stablecoin is called USD1, which will be pegged to the US dollar and backed by short-term government treasuries, dollar deposits and cash equivalents. Says World Liberty Financial co-founder Zach Witkoff, “USD1 provides what algorithmic and anonymous crypto projects cannot—access to the power of DeFi underpinned by the credibility and safeguards of the most respected names in traditional finance. We’re offering a digital dollar stablecoin that sovereign investors and major institutions can confidently integrate into their strategies for seamless, secure cross-border transactions.” Initially available on Ethereum (ETH) and Binance Smart Chain (BSC) networks, USD1 targets institutional and sovereign investors. The platform has secured partnerships wi...

Ethereum (ETH) appears to be on the verge of a significant breakout, with its current market structure closely mirroring the 2020-2021 cycle. As similar patterns emerge, analysts suggest that Ethereum’s breakout to $10,000 is programmed for this cycle, signaling a potential turning point for the second-largest cryptocurrency by market capitalization. Ethereum’s market structure points to a breakout An Analysis by TedPillows highlights Ethereum’s recent capitulation candle, which mirrors the sharp downturn seen in March 2020. At that time, ETH faced a major downturn, leading many to believe the asset’s bullish trajectory was over—only for it to rebound and enter a bull run. Picks for you This country just launched a national meme coin; Crashes 80% 2 hours ago ...

A UK pension Bitcoin allocation made waves this October. An unnamed pension fund worked with Cartwright Benefit Consultants Ltd. to invest 3% in Bitcoin. The move came after careful training and detailed checks. It shows how pension funds now see cryptocurrency as a smart way to spread their investments across different assets. Could this be the future for all pension schemes? Let’s find out! Also Read: Precious Metal Rally: Gold To Hit $3000, Silver $40, Analyst Says Navigating the New Era of Bitcoin in Pensions: Insights and Strategies Source: Watcher Guru Security Steps The pension fund uses three separate custodians to keep its Bitcoin safe, which helps with security. Each of the transaction needs multiple approvals, and makes the process safer. Steve Robinson, Cartwright’s head of implementation, had the following statement: “By combining a highly secure custodial solution with a mechanism to quickly trim profits as they arise, we’ve opened the door for risk...