Today in crypto, Coinbase forecasts the US dollar-backed stablecoin market will exceed $1 trillion by 2028 due to favorable regulations and increasing asset utility. The expansion of stablecoins is expected to impact the US Treasury market significantly, as issuers need T-Bills for collateral. Additionally, the European Union is examining public blockchains like Ethereum and Solana for its digital euro central bank digital currency (CBDC), a development that could mark a notable shift in how the EU approaches digital currency technology. Meanwhile, analysis revealed that 13 wallets made over $1 million each trading the YZY token linked to Kanye West, collectively profiting approximately $24.5 million. Despite a initial spike of 1,400%, the token's price plummeted 74% shortly after its launch amidst controversies surrounding potential insider trading.

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