Major Players Unite for Open USD Stablecoin with No Fees
Open USD, a new stablecoin set to launch later this year, will allow businesses like Visa, Stripe, and Coinbase to mint and redeem without fees or limits.
Editorial Staff Jun 30
Crypto
Bitcoin, blockchain, DeFi, digital assets, and crypto regulation.
Jefferies Highlights Potential Crypto Market Volatility Amid Clarity Act Challenges
Jefferies has indicated that the Clarity Act is likely to encounter significant obstacles in the Senate, which could impact institutional adoption of cryptocurrencies and extend regulatory uncertainty.
Editorial Staff Jun 30
Circle Experiences 13% Drop as Major Firms Support Competing Stablecoin
Circle's value has decreased by 13% following the announcement of Open Standard's Open USD, which is backed by Stripe, Coinbase, and BlackRock.
Editorial Staff Jun 30
MetaMask Introduces Money Account for Enhanced Stablecoin Utility
MetaMask has unveiled its Money Account, which combines stablecoin yield and spending capabilities in one wallet, aiming to broaden the use of stablecoins.
Editorial Staff Jun 30
Spiko Integrates Coinbase Payments with EU Regulated Treasury Funds
Spiko has announced the integration of Coinbase Payments into two EU regulated UCITS Treasury funds, allowing for transactions using USDC and EURC stablecoins.
Editorial Staff Jun 30
Michael Saylor Implements New Bitcoin Strategy Amid Positive Market Response
Michael Saylor's new strategy introduces significant changes in Bitcoin management, which appears to be well-received by the market.
Editorial Staff Jun 30
Bitcoin's Stability at $59,000-$60,000 Raises Concerns
Bitcoin has been trading within a narrow range of $59,000 to $60,000 this week, reminiscent of a previous calm period in 2024, but it is now positioned below critical support levels.
Editorial Staff Jun 30
Impending $10 Billion Bitcoin Options Settlement May Indicate Increased Volatility
As the $10 billion Bitcoin options settlement approaches, market observers are noting that volatility appears to be at a lower cost, suggesting potential shifts in trading dynamics.
Editorial Staff Jun 30
SEC Secures $5.4 Million Judgment in Alleged NanoBit Crypto Fraud
The SEC has obtained a $5.4 million judgment against NanoBit, accused of operating a fraudulent crypto trading platform and misappropriating investor funds.
Editorial Staff Jun 30
ARK Invest Seizes Opportunity with $43.5M in Crypto Stocks During Market Decline
In a strategic move, ARK Invest has acquired $43.5 million in crypto stocks, including Coinbase and Circle, as their prices have significantly dropped.
Editorial Staff Jun 30
Chinese Billionaire Guo Sentenced to 30 Years for $1 Billion Crypto Fraud
Guo, a self-exiled billionaire, has been sentenced to 30 years in prison after being arrested in 2023 for a fraud scheme involving over $1 billion in cryptocurrency.
Editorial Staff Jun 30
Market Pressured as Bitcoin Sales Plan and Strong Dollar Weigh on Cryptocurrencies
Bitcoin remains under $60,000 as a rising dollar impacts the cryptocurrency market, with onchain demand showing little activity amid recent losses.
Editorial Staff Jun 30
Singapore Adds Hyperliquid to Regulatory List, Indonesia Certifies Crypto Influencers
In a recent development, Singapore has placed Hyperliquid on its regulatory 'naughty' list, following Bybit's earlier inclusion. Meanwhile, Indonesia introduces a new licensing scheme for social media influencers promoting cryptocurrency.
Editorial Staff Jun 30
UK Establishes New Framework for Crypto Regulation Ahead of 2027
The Financial Conduct Authority has finalized regulations for the UK crypto market, addressing capital requirements, stablecoins, and market abuse, set to take effect by October 2027.
Editorial Staff Jun 29
UK Financial Authority Establishes Final Crypto Regulations with 2027 Deadline
The UK Financial Conduct Authority has released a comprehensive regulatory framework for cryptocurrency, mandating that firms obtain authorization by February 2027.
Editorial Staff Jun 29
Bitcoin's Stability at $60K Under Scrutiny: Is the Bottom in Sight?
As Bitcoin struggles to maintain its position around $60,000, the softness in futures markets raises important questions about whether the cryptocurrency has reached its lowest point.
Editorial Staff Jun 29
Strategy Ends 9-Day Decline Following Adoption of New Capital Framework
After a challenging period, Strategy's shares have halted a nine-day losing streak, although they remain significantly down since a major Bitcoin sale last month.
Editorial Staff Jun 29
Uncertainty Surrounds Crypto Market Structure Bill Ahead of Midterms
TD Cowen has indicated that the likelihood of the crypto market structure bill, known as the Clarity Act, being passed before the upcoming midterm elections remains uncertain.
Editorial Staff Jun 29
Senate Leaders Aim for July Passage of Cryptocurrency Bill
With the Senate on state work periods until July 13, lawmakers have a limited timeframe to advance the CLARITY Act, which could face delays due to upcoming elections.
Editorial Staff Jun 29
SEC Concludes NanoBit Case with $5 Million in Fines for Investor Fraud
The SEC has finalized its case against NanoBit, a crypto platform accused of deceiving investors and misappropriating funds, resulting in over $5 million in penalties.
Editorial Staff Jun 29