Fidelity Debuts GENIUS Act Aligned Stablecoin Reserve Fund With 0.25% Fee
In recent developments, fidelity has launched a government money market fund designed for stablecoin issuers managing reserve assets under the GENIUS Act. The product joins a growing wave of institutional…
US government watchdog urges FDIC to coordinate on crypto oversight
In recent developments, the US Government Accountability Office says that regulators, including the FDIC, lack an “ongoing coordination mechanism for addressing blockchain risks.” Looking closer, market participants highlight key drivers…
A needed $900B Treasury cash rebuild could quietly drain the liquidity Bitcoi…
In recent developments, bitcoin traders have spent the past week bracing for the wrong kind of surprise, watching rate-cut bets evaporate as a run of firm labor data pushed the…
Government Stablecoin Payments Would Fuel ‘Tax Evasion Economy,’ Lawmaker Warns
In recent developments, rep. Brad Sherman warned that allowing government payments in stablecoins would “sanctify an alternative to the U.S. dollar.” Looking closer, market participants highlight key drivers such as…
Japan to test government bonds as digital collateral on Canton
In recent developments, the Japanese Securities Clearing Corporation will test using Japanese government bonds as digital collateral on the Canton network with Mizuho, Nomura and Digital Asset. Looking closer, market…
Ripple taps Kyobo Life to enable real-time government bond settlements in Korea
In recent developments, partnership cuts bond settlement time from two days to near real-time. Bond settlements will use blockchain to reduce risk and remove intermediaries. Impact expands into payments, liquidity,…
US Government Moves Bitcoin Tied to $9 Billion Bitfinex Hack
In recent developments, the U.S. government moved 8.2 Bitcoin, or greater than $600,000, that is linked to the $9 billion Bitfinex hack from 2016. Looking closer, market participants highlight key…
US Government Sends 2.44 BTC From Drug Case to Coinbase Prime in Fresh Wallet…
In recent developments, the U.S. government moved roughly 2.44 bitcoin, valued at more than $177,000, from seized proceeds linked to a federal steroid trafficking and money laundering case to a…
US government ‘tech force’ gets backup from Coinbase, Robinhood
In recent developments, the US government wants 1,000 tech workers to boost its capabilities and has turned to the private sector to plug its skill shortages. Looking closer, market participants…
India’s government may consider stablecoin framework, diverging from RBI
In recent developments, india’s government is considering adopting a stablecoin regulatory framework while the Reserve Bank of India urges a “cautious” approach. Looking closer, market participants highlight key drivers such…
