America’s biggest banks, including JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and others, are in early discussions about creating a joint stablecoin to compete with the crypto industry, according to the Wall Street Journal, citing people familiar with the matter, on May 22. The conversations reportedly involve bank-owned payment companies like Zelle operator Early […]
Around 25,400 Bitcoin options contracts will expire on Friday, May 23, and they have a notional value of roughly $2.8 billion. This week’s event is pretty much identical to last week’s, as derivatives crypto trading has stabilized. Spot markets have seen solid growth with Bitcoin notching a new peak on Thursday above $111,000 for the […]
OKX, a blockchain technology company that also operates one of the largest crypto exchanges globally, is launching xBTC, a wrapped version of bitcoin (BTC) on the layer-1 blockchain Aptos. According to a press release sent to CryptoPotato, the launch will give Aptos users access to wrapped BTC without any minting or redemption fees required. OKX […]
Fueled by the wider crypto market uptrend, Tron (TRX) has climbed close to 12% in the last month. After a mild correction, however, the altcoin is trading below $0.28. Despite this, new data suggest that TRX has emerged as one of the most “resilient” crypto assets in a turbulent market, as it maintained proximity to […]
Robinhood has submitted a proposal to the US Securities and Exchange Commission (SEC) calling for a standardized federal approach to regulating tokenized real-world assets. The latest move seeks to bring clarity and modernization to the financial system. Robinhood’s Proposal In a comprehensive 42-page submission, the trading platform argues that RWAs – blockchain-based representations of tangible […]
Despite briefly climbing over the weekend, Ethereum couldn’t keep up its momentum above $2,600. The altcoin dropped to $2,400 before staging another recovery and returning to $2,600. New data now point to the possibility of a short-term pullback before a potential breakout materializes. Cooling Period Before Breakout Ethereum’s market is showing signs of overheating as […]
Coinbase is facing a class-action lawsuit filed by a group of Illinois residents who allege the crypto exchange illegally collected and shared their biometric data as part of its identity verification process. The suit, brought to federal court on May 13, claims the company violated Illinois’ Biometric Information Privacy Act (BIPA) by capturing users’ facial […]
A recent survey by the Nakamoto Project, a nonprofit Bitcoin education and advocacy group, has revealed that four out of five Americans want some US gold reserves converted to BTC. The survey of 3,345 respondents asked: “Assuming the United States was thinking of converting some of their gold reserve into Bitcoin, what percentage would you […]
The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, passed in a 66-32 Senate vote on May 20. “The motion to invoke cloture on the motion to proceed to the consideration of the GENIUS Act has passed,” reported Fox’s Eleanor Terrett. She added that more than 15 Democrats flipped their votes from no […]
Vitalik Buterin has suggested changes to Ethereum’s scaling plan that focus on making it easier to run local nodes while still supporting Layer 1 (L1) scaling. His proposals come in response to concerns that raising the L1 gas limit could make it more difficult for users to run full nodes. Partially Stateless Nodes In a […]