Global

The financial markets experienced notable volatility on Wednesday as traders across Asia and beyond responded to mixed signals from the U.S. Federal Reserve and ongoing geopolitical developments.

The stablecoin market continues to be significantly influenced by Tether’s USDT, which maintains its position as the leading dollar-backed stablecoin, commanding the majority of the $172 billion market.

In a significant development for both the cryptocurrency and political landscapes, Wintermute has unveiled the OutcomeMarket, a prediction market centered around the 2024 US presidential election.

In the past 24 hours, Bitcoin (BTC) has experienced a notable surge of approximately 5%, pushing its price to retest the significant $61,000 mark.

At the recent Token2049 conference in Singapore, BitGo, a prominent crypto custody firm, unveiled plans to launch a dollar-backed stablecoin, USDS, in 2025.

At Bitget's sixth-anniversary event held in Singapore, CEO Gracy Chen shared exciting news about the platform's remarkable growth. The company’s global user base has now surpassed 45 million, marking a staggering 400% increase since 2023.