Digital asset firm New Frontier Labs has entered into a partnership with BitGo Bank & Trust National Association to facilitate the issuance and custodial services for the FYUSD stablecoin. According to Cointelegraph, this dollar-pegged token is designed for institutional investors in the Asia region. BitGo's announcement highlighted that FYUSD adheres to the GENIUS Act stablecoin regulatory framework, which mandates 1:1 backing with cash deposits or short-term U.S. government debt instruments, along with anti-money laundering (AML) and know-your-customer (KYC) requirements. The company has also introduced 'Fypher,' a suite of stablecoin infrastructure tools that provides a programmable settlement layer for the FYUSD token. This allows it to be utilized by autonomous AI agents for commercial transactions. U.S. Treasury Secretary Scott Bessent has praised stablecoins as a means to maintain U.S. dollar dominance by reducing settlement times, lowering transaction costs, and democratizing access to U.S. dollars for those without traditional banking access. The total market capitalization of stablecoins currently stands at over $295 billion, a decrease from the peak of over $300 billion recorded in December, as reported by RWA.XYZ. Tether, the issuer of the USDt (USDT) dollar-pegged token, is experiencing a significant monthly drop in its circulating supply, marking the steepest decline since the collapse of the FTX crypto exchange in 2022. At the time of writing, the circulating supply was 183.64 billion USDT, according to CoinMarketCap data. Despite USDt maintaining its position as the world's largest stablecoin by market capitalization, its circulating supply has decreased by $1.5 billion in February, as per data from Artemis. This follows a $1.2 billion drop in January, indicating a second consecutive month of increased user redemptions. These redemptions may suggest a broader contraction in the crypto market, as investors liquidate their positions and move their holdings off-chain, potentially into other investments. However, Tether representatives informed Cointelegraph that the data reflects short-term positioning rather than a long-term trend of sustained outflows and market contraction.

A recent analysis highlights the S&P 500's average performance throughout the year, comparing all years to midterm election years. Bespoke Investment Group posted on X, showcasing a chart that illustrates these trends. The analysis suggests potential variations in market behavior during midterm years, offering insights into historical patterns and investor expectations. This information could be valuable for market participants seeking to understand the potential impact of midterm elections on stock market performance.

Bespoke Investment Group posted on X about the notable divergence between the software and semiconductor sectors. The observation highlights the contrasting performance of these two industries, with software and semiconductors moving in different directions. This divergence is captured in the performance of the respective indices, $IGV for software and $SMH for semiconductors. The analysis suggests a significant shift in market dynamics, reflecting broader trends within the technology sector. Investors and analysts are closely monitoring these developments to understand the implications for future market movements.

The GENIUS Act-compliant stablecoin is geared toward institutional investors in Asia features a programmable layer for agentic AI commerce. source: https://cointelegraph.com/news/bitgo-issuer-fyusd-stablecoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Arizona lawmakers just sent a strong signal to the crypto market. After a 4–2 committee vote, the Arizona State Legislature advanced a bill that adds XRP as an eligible asset in the proposed Digital Assets Strategic Reserve Fund. Although the bill does not force immediate purchases, it clearly defines what the state can hold source: https://techgaged.com/arizona-just-put-xrp-on-the-map-and-the-ripple-effects-could-spread-fast/

Mexican drug lord Nemesio Oseguera Cervantes, known as 'El Mencho,' has reportedly been killed during a military operation, according to U.S. Deputy Secretary of State. According to Jin10, 'El Mencho' died from injuries sustained while being transported by air following the operation. This development is considered significant for Mexico, the United States, Latin America, and the global community. The death of 'El Mencho,' leader of the Jalisco New Generation Cartel, marks a pivotal moment in the ongoing battle against drug trafficking and organized crime in the region.

이번 주 암호화폐 시장에서는 다양한 알트코인에서 상당한 규모의 토큰 잠금 해제가 이루어질 예정입니다. 계속 읽어보세요: 주목: 이번 주 23개 알트코인에서 대형 토큰이 출시됩니다! 일별, 시간별 목록을 확인하세요 source: https://kr.bitcoinsistemi.com/attention-large-token-unlocks-in-23-altcoins-this-week-heres-the-daily-hourly-list-2/

The cryptocurrency market will witness significant token unlocks across numerous altcoins in the new week. Continue Reading: Watch Out: Massive Token Unlocks Coming in 23 Altcoins Next Week – Here’s the Day-by-Day, Hour-by-Hour List source: https://en.bitcoinsistemi.com/watch-out-massive-token-unlocks-coming-in-23-altcoins-next-week-here-s-the-day-by-day-hour-by-hour-l/

Nvidia stock price has been drifting sideways for months, rising just 1. 7% since the start of the fourth quarter, slightly less than the S&P 500 Index’s 3. 3% gain over that time. source: https://catenaa.com/markets/equities/nvidia-stock-drifting-both-ways-on-ai-capex-spending/

Update to the Michael Saylor Bitcoin Tracker highlights MicroStrategy's BTC holdings and a narrowing MSTR premium to NAV, with positioning and transparency risks. source: https://coincu.com/news/bitcoin-holds-as-saylor-updates-tracker-mstr-premium-eyed/

Neiro is a memecoin inspired by a rescue dog and launched on both Solana and Ethereum. The Solana-based Neiro faced suspicions of a rug pull after its developer made $2.85 million, while the Ethereum version has seen rapid growth but also raised concerns about insider control.