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Fed integrates crypto banking oversight into standard regulatory processes, ends additional scrutiny
The Federal Reserve (Fed) announced it will shut down its program with additional scrutiny over crypto and fintech activities.
On an August 15 statement, the central bank said it will sunset the Novel Activities Supervision Program and return to monitoring banks’ crypto and fintech activities through standard supervisory processes.
The Fed established the specialized program in August 2023 to...
Polymarket traders are pricing low probabilities on several notable phrases being spoken during President Donald Trump’s joint news conference with Russian President Vladimir Putin in Anchorage today, even as volumes on the event’s prediction markets reach six figures.
The markets, which resolve on whether Trump uses specific words or phrases during the appearance, have drawn a combined volume of...
Over 80 executives from leading crypto and fintech companies, including Gemini, Andreessen Horowitz, Paradigm, and Kraken, have called on US President Donald Trump to block new bank-imposed fees for accessing consumer financial data.
In an Aug. 14 letter, the group argued that these charges, set to take effect in September, directly threaten innovation and consumer choice.
They said the fees make...
Major Wall Street institutions, including Wells Fargo, Cantor Fitzgerald, and Jane Street, have sharply increased their Bitcoin-related holdings over the past months.
These firms’ portfolio updates on the stock analytics platform Quiver Quantitative reveal they are investing billions in the top crypto via exchange-traded funds and crypto-focused equities like Strategy (formerly MicroStrategy)....
Top Win International, listed on Nasdaq as SORA, has secured $10 million from a group of investors led by WiseLink. This marks the first time a Taiwanese public company has invested in a Bitcoin treasury-focused firm.
According to the companies, the deal was executed through a three-year convertible note and is part of WiseLink’s “Bitcoin + Cross-Border Finance” initiative.
The Hong Kong-based...
Canary Capital has registered a Trump Coin ETF in Delaware, a move that signals plans to launch a spot exchange-traded fund (ETF) tracking the memecoin.
The entity, “Canary Trump Coin ETF,” was incorporated on Aug. 13, according to state records.
The registration is typically a precursor to filing an S-1 application with the U.S. Securities and Exchange Commission (SEC) and a corresponding 19b-4...
Ethereum (ETH) approached within 3.9% of its all-time high as altcoins demonstrated broad strength.
Leverage across major alternative cryptocurrencies reached a record $47 billion according to Glassnode data.
Ethereum traded at $4,738.94 as of press time, up by 3.1% in the past 24 hours and just 2.7% away from its all-time high registered in November 2021.
The rally coincided with widespread...
Google Play Store introduced licensing requirements for cryptocurrency wallet applications across 15 jurisdictions, including the US and the EU.
According to a report by the Rage, developers must obtain regulatory approvals before publishing apps on the platform.
Furthermore, the policy requires software wallet developers to comply with local financial regulations “to ensure a safe and compliant...
Shares of cryptocurrency exchange Bullish jumped sharply in their first day of trading on Aug. 13, more than tripling the company’s IPO price and signaling renewed investor enthusiasm for digital asset firms in public markets.
Trading under the symbol BLSH, the stock opened at $37 and surged to an intraday high of $118 before settling near $84 in the afternoon, a gain of about 126% from its...
Andreessen Horowitz (a16z) and the DeFi Education Fund have urged the US Securities and Exchange Commission (SEC) to create a “Safe Harbor” program for decentralized application (dApp) trading platforms.
In an Aug. 12 letter to SEC Commissioner Hester Peirce, the groups wrote that a clear framework would keep builders of non-custodial interfaces from being treated as broker-dealers under existing...