Crypto Funds Experience $454 Million in Outflows Amid Diminishing Hopes for Fed Rate Cuts
Bitcoin led with $405 million of outflows last week, with the US shedding $569 million, as several altcoins and European funds posted modest inflows.
Dubai Free Zone Transfers Cryptocurrency Token Approval Process to Licensed Firms
DFSA’s new company-led suitability model and AML expectations may make it difficult for licensed entities to justify supporting privacy-focused assets.
CFTC Establishes Innovation Committee to Shape Future Regulations for Cryptocurrency and Artificial Intelligence
The CFTC is looking to invite Tyler Winklevoss, Shayne Coplan, Kris Marszalek, and other crypto leaders to assist its approach to regulating the blockchain industry.
Seventy Economists Call on EU to Prioritize Public Interest in Digital Euro Development
Economists urge EU lawmakers to back a public digital euro, warning that private stablecoins and foreign payment companies threaten Europe’s monetary sovereignty.
Standard Chartered Plans to Launch Crypto Brokerage While Downgrading Ethereum Price Forecast
Standard Chartered is reportedly developing a crypto prime brokerage platform as traditional banks expand digital asset services.
Bank of Italy Analyzes Potential Impact of Ethereum Value Collapse on Financial Stability
The Bank of Italy modeled the extreme scenario of Ether going to zero to show how market risk in Ethereum’s native token could turn into infrastructure and financial stability risks.
Tether Blocks $182 Million in USDT Linked to Five Tron Wallets
Tether froze $182 million in USDT across five Tron wallets, highlighting enforcement as stablecoins dominate illicit crypto flows.
Bernstein Highlights Urgent Opportunity for Crypto Market Structure Legislation Amid Ongoing Concerns Over Stablecoin Rewards
Bernstein said the window to pass the bill is rapidly narrowing amid a dispute between banks and the crypto industry over stablecoin rewards.
Trove Markets Faces Backlash Over $11.5 Million Token Sale Following Controversial Last-Minute Changes Impacting Polymarket Bets
Trove Markets’ token sale has drawn scrutiny after last-minute changes, mixed messaging, and alleged irregular trading.
Bitmine Increases ETH Holdings to 4.1 Million as Chairman Aims to Broaden Cryptocurrency Strategy
The latest purchase lifted the company’s Ether holdings to about 3.4% of the token's circulating supply, as Bitmine's chairman, Tom Lee, aims to accumulate 5% of the total outstanding supply.
Fitch Ratings Highlights Significant Market Value Risks Associated with Bitcoin-Backed Securities
Fitch said sharp Bitcoin price swings could quickly erode collateral backing these securities, increasing the risk of losses for lenders and investors.
SEC Chair Indicates Uncertainty Over Potential US Seizure of Venezuela's Reported Bitcoin Holdings
Several blockchain analysts said they were unable to verify whether the Latin American nation held $60 billion in the cryptocurrency.