Crypto
AI Summary
- Major financial institutions like BofA, Citi, and Goldman Sachs are collaborating on stablecoin launches, signaling growing institutional adoption and infrastructure development in the crypto space.
- The SEC is proposing updates to transfer agent rules, acknowledging the role of blockchain technology, while regulatory bodies in countries like Singapore and Thailand are considering frameworks for stablecoins and crypto derivatives.
- Corporate entities, including BlackRock and Strive, are increasing their Bitcoin holdings through ETFs and direct purchases, underscoring continued institutional confidence in Bitcoin as a long-term asset.
- The crypto industry is grappling with security threats, including malware disguised as legitimate applications and North Korean-linked groups exploiting platforms like Hyperliquid for illicit fund movements, highlighting ongoing cybersecurity challenges.
- Ethena has launched a payments app for its USDe stablecoin, offering high yields and aiming to integrate digital assets into everyday financial activities, while Robinhood Chain has demonstrated significant revenue generation, outpacing Ethereum in daily fees.
Sources
Cointelegraph
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SEC proposes broad update to decades-old transfer agent rules with blockchain nod
an hour ago
by Cointelegraph by Nate Kostar
Latest NewsThe proposal would modernize rules largely unchanged since the 1980s, addressing blockchain-based recordkeeping, tokenized securities and increasingly automated market infrastructure.
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Kalshi issues first lifetime ban for Republican politician over insider bets
2 hours ago
by Cointelegraph by Turner Wright
Latest NewsThe prediction platform permanently banned George Santos and issued a three-year suspension for Laurie Buckhout after investigations into using insider information on event contracts.
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BofA, Citi, Goldman Sachs among 21 institutions planning stablecoin launch
3 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsThe planned venture will initially focus on a US dollar stablecoin before expanding to other G7 currencies, with a euro-denominated offering next.
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Ethena launches USDe payments app, offers 6% rewards
3 hours ago
by Cointelegraph by Nate Kostar
Latest NewsThe self-custodial app brings USDe into everyday payments, savings and cross-border transfers, with annualized rewards of up to 6%.
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Bitcoin stays flat as global bond bear market rages on, pushing JGB to high
4 hours ago
by Cointelegraph by Charles Bennett
MarketsGlobal bond yields hit multi-decade highs today as Japan’s 10-year JGB yield reached a 30-year peak, keeping Bitcoin steady near $78,000.
CoinDesk
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Citi, Goldman, other global banks and asset managers team up on stablecoin venture
4 hours ago
by Francisco Rodrigues
Finance, Stablecoins, NewsThe group will focus first on a U.S. dollar stablecoin for payments and digital asset settlement, with a euro token a priority for expansion.
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Robinhood's new crypto network is printing cash, and it's sending Arbitrum's token soaring
4 hours ago
by Oliver Knight
Markets, Robinhood, NewsRevenue on Robinhood Chain hit a 24-hour record of $1.9 million, driving a 30% rally in ARB as traders chased downstream gains.
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Musk’s X hit by wave of unsolicited password reset emails
4 hours ago
by Shaurya Malwa
Tech, NewsMultiple crypto industry figures and CoinDesk staff received unexpected password reset emails on Tuesday, though there is no evidence yet that X itself has been breached.
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Firelight raises $8 million, expands beyond XRP as it aims to make DeFi less scary for fintechs
5 hours ago
by Krisztian Sandor
Finance, DeFi, XRP News, Exclusive, NewsThe protocol aims to give fintechs and investors a faster way to recover losses from DeFi hacks, while letting XRP, bitcoin and XLM holders earn yield by backing that protection.
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Bitcoin enters ‘Rektember’ as rate-hike risk combines with seasonality to threaten rally
5 hours ago
by James Van Straten
Markets, Bitcoin News, NewsSeptember has historically been a poor month for risk assets in general, and bitcoin, in particular.
Decrypt
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Bitcoin's Next Move: Bullish Bets Run Up Against a Historical Wall
an hour ago
by Jose Antonio Lanz
MarketsBitcoin just had one its best months in years amid a price rally that broke the crypto winter pattern. But the charts tell a complicated story.
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Solana Treasury DeFi Development Corp Eyes $20 Million Raise to Buy More SOL
an hour ago
by Jason Nelson
BusinessThe publicly traded company recently bought 19,000 SOL, bringing its treasury to more than 2.33 million SOL and SOL equivalents.
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X Data Breach? Users Are Getting Flooded With Password Reset Emails Nobody Requested
3 hours ago
by Jose Antonio Lanz
BusinessX engineers have acknowledged the issue, but have not confirmed a new data breach of its systems.
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Cathie Wood’s Ark Invest Buys $37 Million in Bitcoin and Payments Firm Block
3 hours ago
by Jason Nelson
BusinessThe investment firm bought 456,059 Block shares across three ETFs and added $3.4 million in Circle stock.
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Gal Gadot Defends AI Use in Bitcoin Film: 'Work With It or Be Out of the Game'
5 hours ago
by Decrypt Agent
Artificial IntelligenceThe actor’s lawyers spent six months negotiating the contract for “Bitcoin: Killing Satoshi” in order to “protect” her performance.
AMBCrypto
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DFDV uses CHAD stock to buy more SOL: A new catalyst for Solana’s $150 target?
an hour ago
by Ritika Gupta
Altcoin, News, Social, Trading ViewSolana is caught between Pump.fun’s heavy selling and growing corporate demand as DATs increase their SOL holdings.
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Toncoin price falls 3% as legacy bridge shuts down
2 hours ago
by Adewale Olarinde
Altcoin, News, News 1, Social, Trading ViewTON’s old cross-chain bridge reached its final shutdown date as Toncoin gave back part of its late-August recovery.
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‘Dawn of a new cycle’ – Can Bitcoin ride leverage boom past $83K next?
3 hours ago
by Ishika Kumari
Bitcoin, News, Social, Trading View, ambcryptoBut can Bitcoin break past the $83K and officially call it the end of the bear cycle?
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Cathie Wood’s ARK Invest buys $40.8M in crypto stocks
4 hours ago
by Adewale Olarinde
Altcoin, News, News 1, Social, Trading ViewARK Invest added 456,059 Block shares and 35,192 Circle shares while reducing some of its positions in major AI companies.
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DASH crypto rallies to a 3-month high – Can price break $50?
5 hours ago
by Gladys Makena
Altcoin, News, Social, Trading ViewDASH climbed to $48 amid renewed market interest.