regulations
mBridge volume hits $55B as BIS pivots to Western rival
The China-led CBDC platform surges 2,500% in volume after the BIS exits to focus on a Western alternative.
Web3
Cryptocurrencies
Old Glory Bank to List on Nasdaq via $250M SPAC; Targets Native Stablecoin Issuance
Old Glory Bank announces a $250M SPAC merger with Digital Asset Acquisition Corp (DAAQ) to launch the first chartered bank-issued stablecoin, OGBUSD.
Cryptocurrencies
Ethereum Exit Queue Hits Zero; Staking Wait Times Swell to 45 Days
Validators face a 45-day wait to enter Ethereum while the exit queue sits empty, signaling a massive institutional supply shock.
Cryptocurrencies
White House Threatens to Kill Crypto Bill After Coinbase ‘Rug Pull’
Trump administration officials accuse Coinbase of a 'rug pull' after Brian Armstrong walks away from legislation over stablecoin yield caps.
regulations
Trump Declares War on JPMorgan; ‘Debanking’ Lawsuit Imminent
Trump threatens to sue JPMorgan over 2021 account closures, denying he offered Jamie Dimon the Fed Chair role.
regulations
Lummis, Wyden File ‘Code Is Not Crime’ Bill to Shield Non-Controlling Devs
The bipartisan proposal aims to codify that writing open-source software does not make you a money transmitter, directly challenging the DOJ's post-Tornado Cash legal theories.
regulations
White House Director: “Obscure” Laws Stall Strategic Bitcoin Reserve
Patrick Witt confirms "obscure legal provisions" are blocking agencies from executing the Strategic Bitcoin Reserve mandate, leaving $31B in seized BTC in operational limbo.
Cryptocurrencies
CZ-Backed ‘Genius Trading’ Hits $2B Volume Amid Airdrop Frenzy
Driven by a confirmed investment from CZ's YZi Labs, the new terminal processed $2B in days as traders farm the 'Genius Points' program.
Cryptocurrencies
Bitcoin Hashrate Abandons 1 Zettahash; Miner ‘Bleeding’ Signals Capitulation Risk
Network security slips to 988 EH/s as depressed hashprice forces miners to unplug despite $95k Bitcoin.
Cryptocurrencies
XRP Flips Bitcoin in South Korea; Regulatory ‘Spot-Only’ Gap Fuels $1T Volume
South Korea's ban on margin trading has turned XRP into a proxy for leverage, driving volumes higher than Bitcoin on Upbit.