White House Official Predicts Stablecoin Yields Will Inject New Capital into US Banks
Global demand for the US dollar is “massive,” and stablecoin yields will only bring more interest to the currency, argued the White House crypto chief.
Kalshi Takes Legal Action Against Iowa, Citing Concerns Over Potential Enforcement Measures
Kalshi claims in a preemptive lawsuit that there is “a substantial risk” that Iowa will take action against it after a meeting it had with state regulators.
MediaTek Fixes Critical Vulnerability That Allowed Rapid Crypto Seed Theft in 45 Seconds
Ledger’s white-hat security team said it found a flaw in MediaTek's secure boot chain that can be used to steal sensitive information from certain Android devices.
Metaplanet Launches New Venture Firm to Enhance Its Bitcoin Strategy and Investment Opportunities
Metaplanet said the new firm would support Japan-based Bitcoin projects in the payments and lending space in addition to stablecoins and tokenization-focused startups.
Optimism’s OP Labs Reduces Workforce by 20% to Focus on Strategic Priorities
OP Labs CEO and Optimism co-founder Jing Wang clarified that the layoffs were not driven by financial difficulties.
Binance.US Appoints New CEO to Lead Expansion Plans for the Cryptocurrency Exchange
Stephen Gregory, a former compliance executive at CEX.IO and Gemini, has taken over as CEO of Binance.US, a crypto exchange that was once a target of a long-running SEC lawsuit.
Metaplanet Expands Horizons with Launch of Venture Capital and Asset Management Subsidiaries While Investing in Japanese Stablecoin JPYC
The venture capital arm will deploy 4 billion yen ($25 million) over the next few years to local bitcoin infrastructure firms.
Trump's Crypto Advisor Predicts Stablecoins Will Propel Global Deposits into the US Banking Sector
Patrick Witt, the White House crypto advisor, said GENIUS-compliant stablecoins will 'actually lead to deposit inflows.'
Prime Brokers Enhance Wall Street Access to Prediction Markets, According to New Report
Clear Street and Marex Group are planning to offer prediction markets to clients, with Kalshi’s CEO tipping it to become a “core pillar of the financial ecosystem.”
Ghana Approves 11 Cryptocurrency Companies for Innovative Regulatory Sandbox Initiative
Ghana’s SEC could grant a full license to sandbox participants as early as six months, provided that their products are market-ready and that they tick all regulatory boxes.
SEC and CFTC Forge Agreement for Unified Regulation of Crypto and Financial Markets
The SEC and CFTC said they would adopt a “minimum effective dose” regulatory strategy to foster innovation while maintaining market integrity and keep the US competitive globally.
SEC and CFTC Join Forces to Shape Crypto Policy and Launch Innovative Financial Products
The agencies have agreed to collaborate in a manner that fosters innovation, including crypto regulation and new digital asset products.