The Federal Reserve has proposed two rules to help establish oversight for stablecoin issuers under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The proposals were announced by the central bank on Thursday and opened for public comment. Stricter Stablecoin Oversight The first proposal would require payment stablecoin issuers supervised by the […]
Although the official deadline passed last week without confirmation of a successful deployment, the Core Team behind the popular project has finally issued a statement that not only announces the Protocol 27 update but also outlines another one in the works. As usual, they urged all node operators to update their software to the new […]
Bitcoin’s impressive rally that began in August and culminated, for now, a few days ago with a surge past $87,000 could be in serious jeopardy as the tension in the Middle East has escalated once again. The Wall Street Journal reported that US President Donald Trump has rejected Iran’s latest peace proposal and even warned […]
HIFI, the New York stablecoin infrastructure company that took part in DTCC’s July tokenized securities trades, raised a $37 million Series A led by Left Lane Capital, it said on Thursday, with the money going to licenses, cards and capital markets. Matthew Miller, Managing Partner at Left Lane Capital, joins the board. HIFI said its […]
KelpDAO has filed a lawsuit against LayerZero and its co-founder Bryan Pellegrino, accusing the bridge provider of security failures behind the $292 million exploit of its rsETH token in April. The suit, filed in British Columbia, is KelpDAO’s most direct attempt yet to hold LayerZero accountable after months of public disagreement over what caused the […]
Bitget says its security systems flagged unauthorized transfers from a portion of its hot wallets at 18:31 UTC on September 24, with roughly $351.6 million in assets affected. The exchange says every dollar of that loss falls under its User Protection Fund, so customers’ balances will stay intact even with withdrawals paused as it reviews […]
Bitcoin options worth roughly $15.9 billion are set to expire on Deribit at 8:00 AM UTC today, covering about 184,000 BTC contracts. The expiry comes with the OG crypto trading near $84,000 after retreating from an eight-month high above $87,000, putting recent price gains against a large options settlement. The Friday Expiry By the Numbers […]
Just a few days ago, SUI crossed the $1 psychological level and surged to a four-month high of $1.05. Bears then stepped in and pushed the price down to $0.95 (per CoinGecko), but according to popular analyst Ali Martinez, the bull market has already begun. Why So? The X user said that after an 83% […]
The Trump administration is reportedly considering an initiative to promote dollar-denominated stablecoins overseas. The goal, according to a Bloomberg report citing people familiar with the plans, is to protect the dollar’s place as the world’s reserve asset and to raise demand for US Treasuries, which stablecoin issuers typically hold as reserves. Joint Ventures and Federal […]
Ripple’s cross-border token remains highly appealing to institutional investors, while whales have also accumulated a significant amount of tokens lately. Despite these positive factors, XRP has slipped 8% after a red wave swept through the broader market. Meanwhile, one of the company’s top executives shared the stage at the MESA Forum with representatives from financial […]