Everything web3, crypto, defi, degen
In brief Stablecoin issuer Paxos applied for a national trust charter with the OCC. The firm joins Circle and Ripple among stablecoin companies seeking the national charter. In May, the OCC announced it would allow national banks to custody and manage crypto. Stablecoin and tokenization firm Paxos has filed an application with the Office of…
In brief Senator Elizabeth Warren has warned that pending cryptocurrency legislation “supercharges President Trump’s corruption.” Warren accused the crypto industry of writing its own regulatory framework while saying current restrictions are “weak” in preventing corruption and protecting consumers. The senator compared current crypto bills to 2000 legislation that contributed to the 2008 financial crisis. Senator…
In brief A weaker U.S. dollar and firmer expectations of a near-term Federal Reserve cut are supporting risk assets. Recent U.S. guidance on liquid staking and stablecoins, together with directives opening retirement plans to crypto and curbing de-banking, reduces regulatory overhangs. ETF sponsorship and growing corporate treasuries continue to add demand while coins migrate off…
In brief The order will stop banks from denying services to crypto companies. The order said “the digital assets industry has been unfairly targeted.” Decrypt first reported in March on plans for the order. U.S. President Donald Trump on Thursday signed an executive order that would prohibit debanking of crypto-related initiatives, continuing his administration’s onslaught…
In brief Ripple has agreed to acquire Rail for $200 million. The Canadian stablecoin platform has key compliance features. The companies will promote RLUSD and XRP’s use in payments. Ripple has entered into a $200 million agreement to purchase Rail, a Toronto-based payments platform, the tech firm said in a press release on Thursday.The acquisition…
In brief Marex is the first clearing firm to use JPMorgan’s Kinexys blockchain platform for client settlements, the companies said Wednesday. The partnership with Brevan Howard Digital enables 24/7 payments using blockchain-based deposit accounts. The move signals growing institutional interest in programmable, real-time settlement infrastructure. Financial services firm Marex has become the “first clearing firm”…
In brief Meta removed over 6.8 million WhatsApp accounts linked to “pig butchering” cryptocurrency scams operated by organized crime syndicates in Southeast Asia this year. The company is introducing new safety features, including alerts when users are added to groups by unknown contacts, to help identify suspicious activity. Despite enforcement efforts, critics argue Meta lacks…
We’ve got some exciting news to make your crypto journey even smoother: PayPal is now a funding option for Kraken clients in the U.S. That means you can deposit USD and start trading in just a few taps — no wires, no wait and definitely no bank logins. If you use PayPal, you’re already halfway…
In brief Trump is reportedly planning to sign an order as early as this week protecting crypto companies and conservatives from certain alleged banking practices. The order directs banking regulators to examine violations of equal credit laws and consumer protection regulations, with banks facing financial penalties and enforcement actions. The order targets “Operation Chokepoint 2.0″…
In brief Osborne compares the crypto moment to the 1980s Big Bang reforms and warns that the UK risks becoming irrelevant. FCA data shows that 12% of UK adults now hold crypto, as Singapore, Hong Kong, and Abu Dhabi pull ahead. Trade group CryptoUK and London startup Alvara spoke with Decrypt, calling for the legal…
