Serenity, Zoniqx to Launch Biometric-Backed Tokenization Pilot in UAE

Key Takeaways: The interest rate cut by the Fed failed to bring the expected positivity in the crypto market, which instead triggered a massive sell-off, with Bitcoin sinking below $99,000. The fears of the Fed slowing its rate cuts in 2025 and increasing inflation have weakened investor sentiment. The market has adopted a “wait-and-see” attitude,…

A consortium of 10 European banks has established a company called Qivalis to launch a euro-pegged stablecoin, according to an announcement from the group. The initiative aims to provide an alternative to U.S. dollar-dominated digital payment systems. Summary Major European banks have formed a consortium called Qivalis to launch a euro-pegged stablecoin, aiming to counter…