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The crypto market rallied more than 4% to reclaim the $4 trillion mark after Federal Reserve Chair Jerome Powell signaled that US interest rates could be lowered in September.
In his speech at the Jackson Hole symposium in Wyoming, Powell said:
“The baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.”
Following the speech, the odds of the Federal Reserve...
Pennsylvania lawmaker Ben Waxman, a Democrat, has introduced a bill that would prevent public officials from owning or transacting in digital assets while in office.
The proposal, known as the House Bill 1812 (HB1812), aims to amend the state’s ethics and financial disclosure laws and extend those restrictions to officials’ immediate families.
The legislation covers a broad spectrum of digital...
The post Bitcoin treasury companies: Hedge or house of cards? appeared first on CryptoSlate.
Top Win International changed its corporate name to AsiaStrategy on Aug. 22 in Hong Kong, kept its Nasdaq ticker SORA, and began accepting Bitcoin for watch sales, the company said.
The move follows a months-long restructuring that brought Sora Ventures into Top Win’s public company structure in May, a path that avoided a separate listing by using an existing issuer to pursue a Bitcoin treasury...
Apple has released iOS 18.6.2 and iPadOS 18.6.2 along with macOS Sequoia 15.6.1, Sonoma 14.7.8, and Ventura 13.7.8 to fix a zero-day in the ImageIO framework that was exploited in the wild.
Per Apple, processing a malicious image could corrupt memory, enabling code execution, and the company is aware of a report of use in an extremely sophisticated attack targeting specific individuals.
The flaw...
Ethereum-focused exchange-traded funds saw a notable reversal on Aug. 21 by recording an inflow of $287 million, which ended a four-day streak of investor withdrawals.
Farside Investors data showed that the surge was driven primarily by BlackRock’s iShares Ethereum Trust (ETHA), which drew the largest share of inflows at $233.5 million. Fidelity’s FETH followed by attracting an additional $28.5...
FTX creditors have launched a class action lawsuit against Kroll Restructuring Administration, the firm managing claims for the bankrupt crypto exchange.
The suit, filed on Aug. 20 by US-based Hall Attorneys, alleged that Kroll’s handling of claims for FTX, BlockFi, and Genesis customers caused financial harm and exposed sensitive information to cybercriminals.
According to the lawsuit, Kroll...
The European Union is accelerating work on a digital euro and is weighing public blockchains, including Ethereum and Solana, for issuance and settlement, per the Financial Times.
The move follows passage of U.S. stablecoin legislation and a market dominated by dollar-pegged tokens, a backdrop that raises concerns inside European institutions about the euro’s role in digital payments.
The European...
Crypto firm Ripple has revealed plans to expand its RLUSD stablecoin into Japan by 2026.
On Aug. 22, the stablecoin issuer announced that it had signed a memorandum of understanding with SBI VC Trade, a Japanese financial powerhouse SBI Holdings subsidiary.
According to the statement, SBI would distribute RLUSD in Japan and work with Ripple to “build a safe and transparent financial...
Coinbase CEO Brian Armstrong has projected that Bitcoin could reach $1 million by 2030,
In an Aug. 20 post on X, Armstrong explained that the improved regulatory environment and increasing government adoption are major drivers that would push the top crypto to the historic milestone.
According to him:
“Regulatory clarity is finally emerging, the US government is keeping a BTC reserve, there’s a...