Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
JP Morgan, Coinbase To Enable ‘Direct Bank-to-Wallet Connection’ for Chase Customers
Related Posts
Polymarket Eyes US Return via $112 Million Crypto Exchange Acquisition
In brief Polymarket acquired derivatives exchange QCX for $112 million, the prediction market startup announced Monday. The company is trying to re-enter the U.S., founder and CEO Shayne Coplan said. In June, X tapped Polymarket as its official prediction platform. Polymarket acquired the derivatives exchange QCX alongside efforts to return to the U.S., the crypto-powered…
Tether’s CEO Says USDT Is Coming to America—And Circle’s CEO Isn’t Afraid
In brief Tether CEO Paolo Ardoino said his company fully intends to register its flagship USDT stablecoin via the newly-signed GENIUS Act. The company will also likely offer another, U.S.-specific stablecoin in the American market. Circle CEO Jeremy Allaire said he believes his company is nonetheless poised to particularly benefit from the passage of the…
South Korea Flags Upbit and Bithumb’s Crypto Lending, Margin Trading Services
In brief South Korea’s FSC and FSS summoned officials from five major crypto exchanges after Upbit and Bithumb launched lending products offering up to 4x leverage, enabling short-selling through borrowed funds. Upbit suspended its Tether lending service, citing potential violations of Korea’s Lending Business Act, while Bithumb modified its structure but maintained controversial 4x leverage…