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Solana stablecoins attain 2x market cap in January

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The Solana stablecoin market has surged, doubling in size as demand for USDC and other dollar-pegged assets grows. This expansion is fueled by increased DeFi activity, trading volume, and speculation surrounding Trump-themed memecoins, which have gained traction in recent weeks. With this surge, Solana solidifies its position as a major player in the stablecoin sector, rivaling Ethereum’s dominance in on-chain liquidity.

Data shows that USDC has emerged as the leading stablecoin on Solana, surpassing USDT in market share due to its perceived regulatory compliance and growing integrations with DeFi protocols. The rise in stablecoin supply highlights Solana’s increasing adoption in payments, decentralized exchanges (DEXs), and lending platforms, further strengthening its ecosystem. Analysts believe this growth could make Solana an attractive alternative to Ethereum for stablecoin-based transactions.

The recent influx of capital is also linked to the memecoin frenzy, particularly those inspired by Donald Trump’s political brand. Traders have been actively speculating on Trump-themed tokens, contributing to higher transaction volumes and liquidity inflows. While memecoins remain highly volatile, their influence on the broader crypto market—especially in ecosystems like Solana—has been increasingly evident.

As Solana’s stablecoin market expands, investors and developers are closely watching how this growth impacts network activity, fees, and scalability. If adoption continues at this pace, Solana could further cement its role as a key hub for stablecoin transactions and DeFi innovation, positioning itself as a serious contender in the blockchain space.

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Coinbase wins UK FCA approval as registered crypto service provider

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Coinbase has successfully obtained registration from the UK’s Financial Conduct Authority (FCA), strengthening its position in one of the world’s key financial markets. The approval allows the crypto exchange to offer regulated digital asset services in the UK, aligning with the country’s increasing focus on compliance and consumer protection in the crypto sector. This move comes as Britain refines its regulatory framework to balance innovation with financial oversight.

With this registration, Coinbase joins a select group of FCA-approved crypto firms, ensuring it can operate under the UK’s evolving regulatory landscape. The approval signals confidence in Coinbase’s compliance measures, particularly in areas such as anti-money laundering (AML) and customer protection. The exchange has been expanding its footprint in Europe amid growing regulatory scrutiny in the U.S., positioning the UK as a strategic market for its international operations.

The UK government has been actively developing clearer rules for digital assets, with recent proposals aimed at regulating stablecoins, staking services, and crypto exchanges. By securing FCA approval, Coinbase enhances its ability to cater to UK customers while aligning with upcoming crypto regulations under the Financial Services and Markets Act. The move also reflects the UK’s ambition to establish itself as a global hub for responsible crypto innovation.

As regulatory uncertainty continues in the U.S., many crypto firms are seeking jurisdictions with clearer frameworks, and the UK has emerged as a key destination. With its FCA registration in place, Coinbase is now better positioned to expand its services, attract institutional investors, and support the country’s growing digital asset economy.

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Ethereum leads crypto’s $2.24B liquidation amid tariff wars

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The cryptocurrency market experienced a massive $2.24 billion in liquidations, triggered by heightened volatility following concerns over Donald Trump’s proposed trade tariffs. Bitcoin and major altcoins saw sharp declines as global markets reacted to the potential impact of new U.S. tariffs, leading to a cascade of leveraged position wipeouts. The sell-off highlights the growing sensitivity of digital assets to macroeconomic and political developments.

Bitcoin’s price tumbled below key support levels, triggering forced liquidations of leveraged long positions across major exchanges. Altcoins, including Ethereum and Solana, suffered even steeper losses as traders exited riskier assets. Analysts noted that high leverage ratios in crypto derivatives markets contributed to the severity of the liquidations, mirroring past volatility spikes linked to global economic uncertainty.

The proposed Trump tariffs, aimed at reshaping U.S. trade policy, have unsettled traditional financial markets, with the Nasdaq and S&P 500 also experiencing turbulence. Crypto markets, often correlated with risk assets, reacted strongly as investors reassessed positions in light of potential economic disruptions. Despite the downturn, some analysts believe Bitcoin’s long-term fundamentals remain strong, especially amid institutional adoption and upcoming supply events like the Bitcoin halving.

With traders facing billions in losses, market participants are now watching for signs of stabilization and potential recovery. The latest liquidations serve as a reminder of crypto’s high volatility and sensitivity to global events, reinforcing the need for risk management strategies in leveraged trading. As economic uncertainty persists, investors will be closely monitoring how geopolitical factors continue to shape the digital asset landscape.

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Crypto broker Uphold relaunches staking in the UK

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Crypto broker Uphold has announced the relaunch of its staking services in the United Kingdom, following adjustments to meet evolving regulatory requirements. The move comes after the UK’s Financial Conduct Authority (FCA) tightened oversight on crypto-related activities, prompting several platforms to pause or modify their offerings. With this relaunch, UK users will once again be able to earn rewards on their staked digital assets within a fully compliant framework.

Uphold’s staking service will initially support major proof-of-stake (PoS) cryptocurrencies, allowing users to participate in blockchain validation and earn passive income. The platform emphasized that it has worked closely with regulators to ensure transparency, security, and consumer protection, addressing concerns raised by the FCA’s recent crackdown on high-risk crypto products.

The UK has been refining its crypto regulatory landscape, introducing stricter rules on advertising, staking, and digital asset custody. Uphold’s ability to relaunch staking services signals a more structured regulatory environment, which could encourage greater institutional and retail participation. As the UK positions itself as a crypto-friendly hub, regulated staking offerings may become a key component of the country’s digital finance ecosystem.

With staking gaining traction as a preferred method of earning passive crypto income, Uphold’s move could set a precedent for other platforms looking to operate within the UK’s legal framework. The success of this relaunch may also influence global regulatory discussions on how staking services should be structured to ensure compliance and investor protection.

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