Daily Highlights: White House Stablecoin Meeting Reaches Stalemate, BlackRock Partners with Uniswap for Direct On-Chain BUIDL Trading, and Additional Updates
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Paxful Crypto Platform Hit with $4 Million Fine for Alleged Profiting from Criminal Money Movements
Paxful Holdings Inc. was sentenced to pay $4 million after prosecutors say it profited from a lack of anti-money laundering controls.
Coinbase Launches Innovative AI Tool to Empower Users with Wallet Creation Capabilities
AI bots will now be able to independently hold funds, send payments, trade tokens, earn yield, and transact onchain.
Africa Sees Record Highs in Stablecoin Conversion Spreads, New Data Reveals
Data observed across 66 corridors in Africa shows conversion costs from 1.5% to 19% in January, with competition driving pricing gaps.
Danske Bank in Denmark Expands Investment Options with Bitcoin and Ether ETPs for Clients
Danske Bank said it is opening access to Bitcoin and Ether ETPs for self-directed clients after years of caution on crypto, citing rising customer demand and clearer EU rules.
Bitcoin's Rebound Loses Steam as Key Price Levels Fall: Understanding the Factors Behind BTC's Volatility
Bitcoin price crumbled back toward its 2026 low as a lack of fresh capital inflows, weak investor sentiment, and rising selling in spot markets chipped away at the $66,000 level.
Solana DAT Upexi Reports $179 Million Loss Amid SOL Price Decline, Even as Revenue Doubles
Upexi said digital asset operations, mainly staking income, now account for the majority of company revenue.
Democrats Urge SEC Chair Atkins to Address Dismissed Crypto Cases and Trump Administration Connections Amid Agency Strategy Change
SEC Chair Paul Atkins faced questions from lawmakers about the agency’s steep decline in digital asset enforcement.
Tether Positioned to Become a Leading Buyer of Treasury Bills This Year, According to USAT CEO Bo Hines
Hines' projections are based on the increasing demand for Tether’s flagship USDT token and its recently launched USAT stablecoin.
EU Introduces New Sanctions to Address Russian Crypto Loopholes and Strengthen Financial Controls
The EU plans to ban crypto transactions with Russia by shutting down all related channels, but analysts question whether the measure is fully enforceable.
BlackRock Ventures into Decentralized Finance by Partnering with Uniswap for Institutional Token Trading
BlackRock is bringing its $2.1 billion tokenized Treasury fund to Uniswap, expanding institutional access to DeFi and deepening Wall Street’s push into onchain finance.
Deel Partners with MoonPay to Launch Stablecoin Salary Payments Across the UK and EU
Deel will enable its customers to pay workers in the United Kingdom and European Union, with a US expansion planned later.