The post BNY Launches Stablecoin Reserve Fund for Issuers, Eyeing $1. 5T Market appeared com. BNY, one of the oldest banks in the U. S., is rolling out a new money market fund aimed at helping stablecoin issuers meet federal reserve requirements under U. S. regulations, the firm announced on Thursday. The BNY Dreyfus Stablecoin Reserves Fund (BSRXX) is designed to hold cash-equivalent reserves for stablecoins issued under the GENIUS Act, a federal law enacted earlier this year that created a legal framework for U. S. dollar-pegged digital currencies. The fund doesn’t hold any stablecoins itself but acts as a regulated vehicle for backing them. The move comes as stablecoins, a set of cryptocurrencies with prices tied to fiat money like the U. S. dollar, are rapidly growing as a means of payment, with regulations addressing this sector of the broader crypto market being put in place across the globe. The stablecoin market could reach to $1. 5 trillion by the end of the decade from its current $300 billion market size, BNY projected. “Cash is the cornerstone of the digital asset ecosystem, enabling global capital markets to move toward an always-on, 24/7 environment,” Stephanie Pierce, deputy head of BNY Investments, said in a statement. “Stablecoins are at the forefront of this profound transformation.” With the fund, BNY aims to provide a key piece of infrastructure for stablecoin issuers to maintain the value of the tokens. Global asset manager BlackRock, for example, launched the Circle Reserve Fund, which manages $66 billion of U. S. Treasuries and repos serving as reserve for the USDC stablecoin. Anchorage Digital, a federally chartered U. S. crypto bank, provided the fund’s initial investment. “This fund represents the infrastructure needed to make compliant stablecoin issuance possible at scale,” said Anchorage CEO Nathan McCauley in a statement. The fund is open to qualified institutional investors, including those acting in custodial, brokerage or fiduciary roles. BNY says the move is.
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Red Sox closer wins AL Reliever of the Year award, two named All-MLB
Red Sox closer wins AL Reliever of the Year award, two named All-MLB
Death row inmate found unresponsive in cell after being granted clemency
An Oklahoma death row inmate was hospitalized Thursday after being found unresponsive in his cell, just hours after being granted clemency on the same day he was scheduled to be executed.
Sources: 2 workers hurt by driver stealing vehicle back from tow yard in Charlestown
Two tow yard workers were injured after a person who had been arrested earlier in the day for driving with a suspended license tried to.
Devastating $553M Crypto Futures Liquidation Wipes Out Long Positions
The post Devastating $553M Crypto Futures Liquidaticom. The cryptocurrency market just experienced a brutal wave of forced closures as over $553 million in crypto futures liquidation rocked traders within 24 hours. This massive sell-off primarily punished optimistic investors who bet on prices rising, creating one of the most significant liquidation events in recent months. What Triggered This Massive Crypto Futures Liquidation? Market volatility struck with unexpected force, catching many traders off guard. The crypto futures liquidation cascade began when key support levels broke across major cryptocurrencies. This triggered automatic closing of positions that couldn’t meet margin requirements. The domino effect amplified losses throughout the derivatives market. Several factors contributed to this dramatic crypto futures liquidation event: Sudden price drops across major cryptocurrencies Leveraged positions becoming unsustainable Automatic margin calls activating simultaneously Market sentiment shifting rapidly Bitcoin Bears the Brunt of Futures Carnage Bitcoin experienced the heaviest damage in this crypto futures liquidation storm. The flagship cryptocurrency saw $273 million in forced position closures. More importantly, a staggering 82. 54% of these liquidations came from long positions. This indicates most traders were betting on price increases when the market turned against them. The scale of Bitcoin’s crypto futures liquidation demonstrates how leveraged trading amplifies market movements. When prices move against highly leveraged positions, the results can be devastating for traders. Ethereum and Solana Join the Liquidation Party Ethereum wasn’t spared from the crypto futures liquidation frenzy either. The second-largest cryptocurrency witnessed $228 million in forced closures. Long positions accounted for 71. 49% of ETH liquidations, showing similar optimism among Ethereum traders. Solana experienced the most lopsided crypto futures liquidation ratio. With $52. 02 million in closed positions, an overwhelming 90. 72% came from long contracts. This suggests Solana traders were particularly bullish before the market reversal. Why Were Long Positions Hit So Hard? The disproportionate impact on long positions reveals crucial market.
Cboe CEO on Getting Into Prediction Markets
Craig Donohue, CEO of Cboe Global Markets, says the options trading giant is interested in breaking into event and prediction markets, but says sports will not be the focus. (Source: Bloomberg)
“Oui Chef” Memes of Cats Cooking to Send to Your Favorite Culinary Partner
Not everyone likes to cook, but when you do it’s important to find someone else who likes cooking. Finding the right cooking partner isn’t easy there’s a chemistry that goes on in the kitchen, the dance around cutting boards and knives, and the tacit agreement to how rare or well done a steak should be. But you know who makes the best culinary partners ever? You guessed it, cats. Cats really are the whole package. They’re sweet and loving, greeting you when you get home from work and snuggling up to you when you’re resting on the couch. They’re also independent and let you have your alone time. The best is when you decide on a free Caturday that you’re going to go all out in the kitchen baked mac and cheese, chicken legs, and a salad, and you know you have your little kitten there to be sous chef to you. So enjoy these hissterical, purrfect, and meowtastic cat memes to send to your favorite person to cook with (besides your cat).
Sabres visit the Avalanche after Rosen’s 2-goal game
Sabres visit the Avalanche after Rosen’s 2-goal game
BestChange Announces Major Platform Update at Blockchain Life 2025
Global Crypto Community Witnesses Major BestChange Platform Updates on the Main Stage Dubai, UAE November 12, 2025 At the Blockchain Life 2025 forum in Dubai–one of the world’s biggest events on cryptocurrency and Web3–BestChange announced its key ecosystem updates: a newly designed website, a mobile application, and a Telegram Mini App. The announcement [.].
One thing enterprise AI projects need to succeed? Community.
Discover how leveraging an intelligent, community-driven knowledge layer is the key to grounding probabilistic tools, preventing AI hallucination, and validating high-quality code.