Jürgen Schaaf, Advisor to the Senior Management of Market Infrastructure and Payments at the ECB, has warned about the potential impact of stablecoins in Europe, claiming that they could weaken the banking system by diverting deposits to decentralized alternatives. ECB Adviser Jürgen Schaaf Warns About Potential Erosion of the Banking System by Stablecoins European authorities […]
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Key TakeawaysBitcoin slipped to about $80,698 on Oct. 24, below its 50-day average near $81,784.Coinglass-tracked liquidations hit $495.74M in 24 hours, with $318M coming from long positions.The Oct....
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