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American economist Paul Krugman, who won the Nobel Prize in 2008, believes that stablecoins do not have any practical utility. In a May 30 blog post entitled ‘Digital Corruption Takes Over DC,’ Krugman opined that “stablecoins don’t serve any clearly useful function,” adding:
“They [stablecoins] can’t be used to make ordinary purchases, and there’s nothing you can do with them that can’t be done...
Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto.
Unlike the Coinbases, Fidelities, and Galaxies of the crypto world that frequently make the headlines, core infrastructure providers quietly building out the rails of the...
The International Monetary Fund (IMF) wants Pakistan to urgently clarify its plans for allocating power to Bitcoin mining amid the country’s electricity shortages and fiscal problems, according to a local news report. The IMF delegation is expected to hold a separate virtual session with Pakistan’s Finance Ministry to specifically discuss the electricity allocation.
Last week, Pakistan announced...
Memecoin investors should realize that the U.S. Securities and Exchange Commission (SEC) will not come to their aid if they lose their money, Commissioner Hester Peirce told CNBC on Friday. Peirce, who was appointed by now crypto-friendly President Donald Trump in 2018 and heads the SEC’s newly created Crypto Task Force, noted:
“…generally, it’s good for people to know, I should not be looking to...
One of the biggest stories in crypto this week unfolded as a prominent trader on the Hyperliquid decentralized exchange, known as James Wynn, saw nearly $100 million in leveraged Bitcoin positions liquidated after the price of BTC dipped below $105,000. The swift market downturn, triggered in part by new tariff announcements from the United States, wiped out a massive bet that had previously seen...
At the Reagan National Economic Forum in California on May 29–30, JPMorgan Chase CEO Jamie Dimon cast a warning about the future of the U.S. dollar’s dominance as the world’s reserve currency. While acknowledging China as a potential threat, Dimon stressed that the real danger comes from within the United States.
“China is a potential adversary. They’re doing a lot of things well. They have a lot...
Former UFC champion and Irish presidential hopeful Conor McGregor is doubling down on his vision for an Irish strategic Bitcoin reserve. On May 30, he took to X to pledge a “decentralised blueprint for sovereignty,” stating that Germany had “dropped the ball,” and promising that “Ireland will not.”
He also tagged El Salvador’s president Nayib Bukele, with the words, “let’s chat,” a message that...
The following is a guest post and analysis from Nanfeng Jie, Lead Product Manager at Trust Wallet.
Over the past few years, we’ve seen a clear shift in how people interact with digital assets. More users are choosing self-custody as a deliberate move toward greater control and accountability. This trend is reflected in the rapid rise of tools like Trust Wallet, one of the most widely used self-...
The following article is a guest post and opinion of Johanna Rose Cabildo, Founder and CEO of Data Guardians Network (D-GN).
The Illusion of Infinite Data
AI runs on data. But that data is increasingly unreliable, unethical and tied with legal ramifications.
Generative AI’s growth isn’t just accelerating. It’s devouring everything in its path. OpenAI reportedly faced a predicted $7 billion bill...
Validators representing nearly 91% of Sui stake approved an on-chain proposal to release about $162 million seized during last week’s Cetus exploit, allowing the DEX to reimburse users and restore full operations.
Cetus said in a social media post that the 48-hour referendum closed on May 29 when more than two-thirds of the network endorsed the measure.
Cetus hack victims to be reimbursed fully...