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Trump Jr. to launch DeFi platform, $510B sell-off wipes 2024 crypto gains: Finance Redefined

[Aug 9 7:03 PM] The crypto industry could gain significant mainstream attention following Trump’s eldest son’s plans to launch a bank-rivalling DeFi platform.

Regulators postpone listing decision for Hashdex Nasdaq Crypto Index ETF

[Aug 9 4:35 PM] If approved, the ETF would be the first US fund to hold a diversified portfolio of spot cryptocurrencies.

Franklin Templeton’s tokenized money fund launches on Arbitrum

[Aug 8 2:22 PM] It’s a stamp of approval for the layer 2 from United States regulators.

Europe’s fourth largest hedge fund put nearly $500M in Bitcoin ETFs — Filing

[Aug 5 7:24 PM] Other hedge funds are also reporting sizable positions in Bitcoin exchange-traded funds.

Morgan Stanley wealth managers to embrace BlackRock, Fidelity Bitcoin ETFs: Report

[Aug 2 5:17 PM] Winning over the $3.75-trillion financial advisory firm is a historic milestone for crypto.

Can Bitcoin price break out after Bank of England interest rate cut?

[Aug 1 11:31 AM] This marks the bank’s first interest rate cut in over four years, with the last rate cut occurring in March 2020.

Bank of England Pushes for Swift Digital Payment Solutions as Cash Usage Drops

[Jul 31 5:30 AM] The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and…

Blackbird Labs launches Web3 platform for restaurant payments

[Jul 30 7:30 PM] Blackbird Pay is built on the company's new blockchain network, Blackbird Flynet.

Digital euro to be ‘most private electronic payment option’

[Jul 30 1:29 PM] Since the inception of the digital euro, many critics have called the proposed digital currency a surveillance tool.

Exclusive: Franklin Templeton mulls bringing RWAs to Ethereum, user-managed wallets

[Jul 26 10:39 AM] The asset manager is considering expanding tokenized securities to the Ethereum mainnet and other EVMs, its digital assets head told Cointelegraph.

JPMorgan Chase launches AI tool for research analyst tasks

[Jul 26 1:06 AM] JPMorgan Chase has introduced LLM Suite, an AI-driven tool similar to ChatGPT, to boost productivity in its asset and wealth management division.

Sygnum's First-Half Spot Crypto Trading Doubles, Derivatives Increase 500%

[Jul 24 4:01 PM] The surging trading volumes helped the bank reach profitability for the first time.

Crypto-Friendly Bank Revolut Plans to Sell $500M of Employee Shares at $45B Valuation: WSJ

[Jul 23 9:54 AM] Revolut has been in talks with investment firm Greenoaks over the deal, which would pave the way for a potential IPO.

Stock market slump trickles into today’s Bitcoin and altcoin correction

[Jul 18 4:39 PM] What’s behind the correction in the US stock market and how might it continue to negatively impact cryptocurrencies?

DBS Digital Exchange Sees 3-Fold Surge in Trading Value — Custodied Crypto up 80%

[Jul 12 9:20 PM] DBS, a leading financial services group in Asia, reports a significant increase in the trading value of digital payment tokens on its digital exchange for the first five months of this year. The surge reflects growing institutional interest in…

House fails to override Biden’s veto on nullifying SEC crypto rule

[Jul 11 9:58 AM] Though the resolution overturning an SEC rule on banks handling crypto passed in the House in May, the legislation required at least 288 members to override President Biden’s veto.

Former US solicitor general claims regulators want to ‘debank’ crypto

[Jul 5 3:03 PM] Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve.

Global Banking Standard Setter Approves Disclosure Framework for Crypto Exposures

[Jul 3 10:19 AM] The Basel Committee's framework, based on responses to a December 2022 discussion paper, must be implemented by 2026.

Bahamas to Mandate Banks to Distribute Central Bank Digital Currency

[Jul 2 10:29 PM] The Bahamas, the first country to issue a central bank digital currency (CBDC) called the Sand Dollar, is preparing regulations to mandate commercial banks to provide access to the e-money to boost adoption. Central Bank Governor John Rolle…

SEC files lawsuit against FTX-linked bank, alleging fraud

[Jul 1 3:34 PM] Enforcement director Gurbir Grewal said Silvergate allegedly “failed to detect nearly $9 billion in suspicious transfers among FTX and its related entities.”

Federal Reserve Stress Test Projects $685 Billion in Losses for Large Banks

[Jun 27 4:11 PM] The Federal Reserve Board’s annual stress test results reveal that large banks are expected to face nearly $685 billion in projected losses during a severe recession scenario. These losses are significantly higher than last year due to…

US Fed CIO says it’s ‘hard to justify’ hiring human coders over AI

[Jun 27 11:00 AM] The Federal Reserve’s leadership seemingly views generative AI as a “super analyst” capable of turbocharging the agency’s work process.

Iran to launch public CBDC pilot in June

[Jun 19 4:57 AM] Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between buyers and sellers.

Salvadoran Government Introduces Bitcoin Banking Law Reform

[Jun 16 11:44 AM] The Salvadoran government has presented an initiative to accelerate the inclusion of Bitcoin and other cryptocurrencies in its investment banking sector. The banking law reform introduced to the National Assembly would allow private investors to…

JPMorgan Chase Captures 18% of US Bank Profits, Highlighting Growing Market Dominance

[Jun 16 7:30 AM] A report has found that JPMorgan Chase Bank accounted for a substantial 18% share, or $11.7 billion, of the total $64.2 billion net income reported by all FDIC-insured banks for the first quarter of 2024. This data, highlighted by financial…

Stablecoin act gives Congress alternative to overriding Biden’s SAB 121 veto

[Jun 12 7:30 AM] President Joe Biden’s veto of the SAB 121 repeal was a blow for the crypto community. Can the U.S. Congress override the veto with broad bipartisan support?

Australia’s peak crypto lobby group drops ‘blockchain’ from name

[Jun 10 9:45 PM] Blockchain Australia is now the Digital Economic Council of Australia (DECA) with a membership category for banks, most of which have blocked crypto exchanges.

6 US Banks Face Moody’s Downgrade

[Jun 9 6:45 PM] Moody’s has initiated a review for potential downgrades of six U.S. regional banks due to their considerable exposure to commercial real estate (CRE) loans. Moody’s Corporation, established in 1909 and recognized as one of the…

Startups can hedge bank risk with Bitcoin — Tim Draper

[Jun 6 8:15 AM] The fall of Silicon Valley Bank prompted Venture Capitalist Tim Draper to tell the firms he’d invested in to buy Bitcoin.

63 US banks on the brink of insolvency: Why Bitcoin’s next target is $100K

[Jun 5 8:25 AM] Bitcoin price may be closer to the big milestone $100,000 mark than many realize, as a looming banking crisis could see BTC become the new “safe haven asset.”