FDIC Moves GENIUS Act From Law to Practice With Stablecoin Rules
In recent developments, the Federal Deposit Insurance Corporation has issued its first official proposal outlining how banks can obtain approval to issue payment stablecoins, marking the GENIUS Act’s regulatory framework…
Shutdown Jobs Data Finally Released, and It’s Not Pretty
In recent developments, the grim unemployment numbers had little impact on bitcoin, which was already in the doldrums, but stocks were sent tumbling. Shutdown Jobs Report: The Official Numbers Are…
Hong Kong-Based Redotpay Secures $107M to Expand Stablecoin Payment Services
In recent developments, redotpay, a Hong Kong-based fintech focused on stablecoin-powered payments, has raised $107 million in a Series B funding round as fiat-pegged token transaction volumes and user adoption…
Startale and SBI Holdings Unveil Regulated Yen Stablecoin for Global Settlement
In recent developments, japanese tech and financial leaders collaborate to launch institutional-grade digital yen, targeting global blockchain-based financial infrastructure. Startale Group and SBI Holdings announced a Memorandum of Understanding on…
Spot Bitcoin ETFs see $358M outflow: Are investors abandoning BTC?
In recent developments, bitcoin price held above $85,000, but weakening spot BTC ETF flows and a disappointing end-of-year performance cast doubt on a December rally to $100,000. Looking closer, market…
SEC ends probe into Aave after four years, CEO says
In recent developments, according to a letter posted by the protocol’s founder and CEO, the US agency does “not intend to recommend an enforcement action” against Aave. Looking closer, market…
US senator sounds alarm on DeFi, cites PancakeSwap amid market structure delay
In recent developments, with the US Senate set to break for the holidays, Senator Elizabeth Warren asked Justice and Treasury Department officials to disclose any potential investigations into the DeFi…
Bitcoin treasury Kindly MD faces potential delisting after Nasdaq price notice
In recent developments, the company has 180 days to regain compliance with Nasdaq’s minimum bid price requirement after its shares traded below $1 for 30 consecutive business days. Looking closer,…
Three reasons trader demand for XRP evaporated: Is $1 next?
In recent developments, xRP fails to find demand under $2 as futures volume on Binance fell by 96% and traders’ use of leverage hits new lows. Is $1 XRP the…
RedotPay raises $107M Series B led by Goodwater for stablecoin payments
In recent developments, the company said the funds will support acquisitions, licensing efforts and expanded hiring as it enters new markets. The development has drawn attention from traders and analysts…
