Everything web3, crypto, defi, degen
In brief Stablecoin issuer Tether has appointed Bo Hines, former crypto advisor to the Trump administration, as a strategy advisor. Hines left his role as President Trump’s crypto advisor last week, after helping shape the landmark GENIUS Act. In his new position, Hines will help Tether “shape and execute the company’s U.S. market entry.” Stablecoin…
In brief Japan’s FSA is expected to approve JPYC’s yen-backed stablecoin, making it the first regulated one in the country. Circle’s USDC entered the Japanese market earlier this year in partnership with local firm SBI. JPYC’s CEO has distanced the stablecoin from cryptocurrency, calling it a fiat-linked digital payment method. Japanese fintech firm JPYC is…
In brief On- and off-ramp companies are attractive M&A targets, according to VanEck Ventures’ Juan Lopez. They are increasingly being viewed as valuable touch points for facilitating payments through stablecoins, he said. In the past, they were viewed primarily as a way to fund crypto exchange accounts. Companies that serve as connective tissue between digital…
In brief XRP is at a crossroads: does it head back up towards $4, or all the way back down to $2? Myriad users say there’s a nearly 64% chance XRP shoots for the moon versus heading back towards doom. Are they right? Let’s dive in. The XRP Army has drawn the line: the $3…
For many years, the idea that publicly traded corporations might buy Bitcoin for their reserves was considered laughable. The top cryptocurrency was considered too volatile, too fringe to be embraced by any serious business.That taboo has been well and truly broken, with a number of major institutional investors buying up Bitcoin in recent years.The floodgates…
In brief The Federal Reserve has ended a supervisory program that monitored banks involved in crypto. U.S. banks will no longer face increased scrutiny for offering things like crypto custody or stablecoin services. The Fed’s move comes as the regulatory landscape in the U.S. changes under Trump. The Federal Reserve has ended a supervisory program…
In brief OKX completed a burn of $26 billion worth of OKB tokens on Ethereum on Friday. The burn is part of a supply restructuring that reduces the overall token supply to just 21 million, like Bitcoin. OKB is up nearly 100% on the week and is the biggest gainer among the top 100 crypto…
In brief Authorities in Texas have seized $2.8M in crypto, $70K cash, and a luxury car from alleged ransomware operator Ianis Aleksandrovich Antropenko. Antropenko is accused of using Zeppelin ransomware to extort victims worldwide. Crypto-related crime losses in the U.S. surged 66% in 2024 to $9.3 billion. Texas authorities have charged an alleged ransomware operator…
In brief Jack Dorsey’s Block has released a new Bitcoin mining rig, aiming to disrupt the market. The machine is supposed to cut costs for miners because it has swappable parts. Dorsey is an outspoken Bitcoin advocate who has pursued numerous BTC initiatives. Jack Dorsey’s fintech Block has released its latest Bitcoin product: a long-lasting…
In brief Ethereum wallet provider MetaMask will team up with payments services provider Stripe, according to a since-deleted governance proposal. A number of major financial services organizations and others are working on stablecoin initiatives or weighing them. U.K. bank Standard Chartered has predicted that the stablecoin market could reach $750 million by the end of…
