Bitcoin took out liquidity at the Wall Street open as a move above $90,000 was followed by a snap retracement, liquidating late long and short entries. Bitcoin (BTC) returned to $90,000 after Wednesday’s Wall Street open as traders eyed vulnerable short positions. Key points: Bitcoin erases recent losses with a fresh trip to the $90,000 mark. Read more
Kyrgyzstan’s USDKG blends a USD peg with a gold reserve claim. Here’s what it signals for emerging markets and what to verify next. Kyrgyzstan has launched USDKG, a USD-pegged stablecoin that the project says is backed by physical gold rather than cash and short-term US Treasurys. The token was first deployed on Tron with a reported initial issuance of 50 million units, with plans to expand to Ethereum. This article explains why gold-reserve narratives and state-linked structures can appeal in remittance-heavy emerging markets that still price in dollars. Read more