U.S. regulators are scrutinizing certain crypto treasury companies for unusual trading volumes and stock price movements prior to announcements, raising concerns over potential violations of fair disclosure rules. This investigation highlights ongoing regulatory attention on market manipulation within the crypto sector.
In a separate development, Citibank has increased its 2030 global stablecoin issuance forecast to $1.9 trillion under a base scenario, with a bullish outlook projecting up to $4 trillion. The bank also anticipates that bank token transaction volumes could surpass $100 trillion by 2030, underscoring the growing significance of digital currencies in the financial ecosystem.
Additionally, the Solana ecosystem has achieved a significant milestone, with its stablecoin supply exceeding $30 billion and total value locked (TVL) surpassing $40 billion. In a pioneering move, SharpLink (SBET) has partnered with Superstate to tokenize its shares on Ethereum, marking the first instance of a listed company undertaking such an initiative.
US Regulators Investigate Crypto Market Manipulation; Citibank Boosts Stablecoin Forecast
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
