While CBDCs will cater to local demands, cooperation between countries could facilitate and support the widespread adoption of readily-available stablecoins.

In the statement, Lane also took the opportunity to “set the record straight” about its investment relationship with FTX and the firm’s “robust risk management approach.”

Crypto markets appear to be losing some of their recent bullish momentum, but a favorable tailwind from equities markets could catalyze a breakout in Bitcoin and select altcoins.

MoneyGram's decision to integrate Litecoin into its crypto services and the coin's upcoming halving event has served as catalysts behind LTC's price rally.

The Australian crypto exchange said while it had no exposure to FTX, it was “not immune” to its fallout.

One observer suggested Bankman-Fried may be reluctant to discuss FTX due to the legal implication of lying under oath to the U.S. Congress.

The Ethereum co-founder has recommended weary crypto investors to shift away from price watching and focus on the tech instead.

If Bitcoin rises through resistance at $17,622, TON, APE, TWT and AAVE could begin to tack on outsized gains.