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The cryptocurrency market has faced another slight correction after its recent recovery. Bitcoin (BTC) has fallen to the $83,000 price level after climbing to $85,000. The global crypto market cap has fallen 4.5% in the last 24 hours to $2.72 trillion. Binance’s BNB coin has also faced a stark correction. TRON (TRX), on the other hand, is trading in the green zone across the board. Also Read: Gold Surges to $3,317.90 as Central Banks Dump Dollars – $3900 In 3 Months? Binance’s BNB Falters As TRON Soars Source: Watcher Guru BNB has dipped 1.8% in the daily charts, 4% in the 14-day charts, and 9.3% over the previous month. Despite the dip, the asset has rallied 4% over the last week and 6% since April 2024. BNB hit an all-time high of $788.84 on Dec. 4. The asset’s price has fallen by 26.7% from its December peak. Source: CoinGecko Also Read: US Stock Market Could Plunge 50% After Tariffs Resume Unlike Binance’s BNB, TRON (TRX) is green across almost all time frame...

Basel Committee proposes maturity limits for stablecoin reserve assets. Overcollateralization required for longer-term assets to ensure stability. Credit quality criteria defined for reserve assets to bolster stablecoin stability. In a move to enhance the st ability of Stablecoin s, the Basel Committee on Banking Supervision, part of the Bank for International Settlements (BIS), has recommended targeted adjustments to its standards on banks’ exposure to crypto asset s. The proposed measures, outlined in a consultative document released on Dec. 14, 2023, focus on refining prudential standards for stablecoin exposure, building on the committee’s initial standards published in December 2022. Addressing redemption risks with maturity limits The committee’s first proposal centres on mitigating redemption risks during periods of extreme stress, where stablecoin issuers might face mass withdrawal claims, leading to fire sales. To address this, t...

The cryptocurrency exchange also announced the addition of 22 cryptocurrencies as loanable assets and collateral assets on its Flexible Loan and VIP Loan services. Crypto exchange Binance on Friday, August 4, said it is adding 22 new loanable assets and new collateral assets to its Flexible Loan and VIP Loan service. In its official statement, the crypto exchange disclosed several new collateral asset s, among them Shiba Inu (SHIB), Compound (COMP) and Theta Network (THETA). This development has also fueled speculation about the potential listing of BONE token on Binance, coinciding with the upcoming launch of the Layer-2 blockchain, Shibarium, anticipated to take place in August. The cryptocurrency exchange concurrently announced the addition of 22 cryptocurrencies as loanable asset s and collateral asset s on its Flexible Loan and VIP Loan services. Screenshot of Binance's new collateral assets announcement.  Source: Binance Binance has now expanded its Flexible Loan service b...