Circle applies for national trust bank license to expand USDC reserve custody
Key Takeaways Circle is seeking a national trust bank charter to manage its USDC reserves and offer tokenized asset custody. The move comes as Congress advances stablecoin legislation expected to be signed into law by President Trump. Share this article…
Kazakhstan Moves To Create A National Crypto Reserve With Seized Digital Assets
Kazakhstan is preparing to launch a state-run crypto reserve as the National Bank of Kazakhstan confirmed plans to create a national crypto reserve. The fund will likely be made of seized digital assets and government-linked mining operations. The announcement came…
Retail Bets Big on BTC While ETH Floods Binance
There have been diverging signals across crypto markets and US politics. Ethereum (ETH) deposits to Binance have continued for five consecutive days. In Bitcoin, the Short-Term Holder (STH) Net Position Realized Cap has surged from over negative $49 billion to…
Aptos founder joins BlackRock, Goldman Sachs in shaping CFTC crypto’s rulebook
Avery Ching isn’t just shipping code anymore. The Aptos co-founder and CEO has been appointed to the CFTC’s digital asset panel, signaling a new era where those who build the infrastructure help shape its regulation. On June 30, Aptos Labs…
SEC to rule on Grayscale’s proposal to convert Bitcoin, Ether, XRP, and ADA large-cap fund into a spot ETF this week
Key Takeaways The SEC has acknowledged Grayscale’s amended filing to convert its large cap fund into a spot crypto ETF. The proposed ETF will track major cryptocurrencies including BTC, ETH, XRP, SOL, and ADA. Share this article The US SEC…
South Korea Pauses CBDC Plans as Stablecoins Gain Ground
Increased market penetration and adoption of stablecoins have put a damper on the South Korean CBDC plans. The country has applied brakes on its CBDC trial program that had been ongoing since April this year in the wake of stablecoin’s…
Ripple’s XRPL EVM Sidechain Mainnet is Now Live
According to an update from Ripple, the long-awaited XRPL EVM Sidechain is now live on mainnet. A few highlights of what this entails include: Full EVM compatibility with Solidity, MetaMask, Hardhat, and more PoA consensus and more than 25 validators…
BNB price nears breakout as key network metrics surge
Binance Coin price has rebounded in recent days and may be on the verge of further gains as a bullish technical pattern takes shape and key on-chain metrics improve. Binance Coin (BNB) rose to $655, its highest point since June…
Kraken debuts tokenized stock trading for Apple, Tesla, and other major US equities
Key Takeaways Kraken has launched tokenized stock trading for 60 major US equities including Apple and Tesla. The xStocks service allows trading of digital shares 24/5, excluding US residents. Share this article Kraken announced Monday it has officially launched xStocks,…
Bitcoin Rainbow Chart: The Next 4 Months For BTC Could Change Everything: Is History Repeating?
The Bitcoin rainbow chart shows BTC ▼-0.12% cruising well above $100K and even on the cheap. Yet, 99Bitcoin’s analysis shows that USDT’s supply is peaking, and leveraged shorts are swelling, which are signs we could oscillate either way. Meanwhile, critiques of…
