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Ripple has expanded its European footprint by joining forces with Spanish banking giant BBVA to introduce a digital asset custody service.
Announced on Sept. 9, the initiative extends Ripple’s institutional custody platform into Spain, giving BBVA the tools to store and manage cryptocurrencies and tokenized assets securely.
BBVA can scale its digital asset offering by deploying Ripple’s custody...
Stablecoin issuer Tether is one of the largest corporate accumulators of Bitcoin over the last 12 months, adding more coins to its treasury than nearly all spot exchange-traded funds (ETFs).
On Sept. 8, Tether CEO Paolo Ardoino shared data showing that the stablecoin issuer secured more than 27,700 BTC in the past year.
Of that amount, around 7,900 BTC were placed directly into the reserves...
The United States sanctioned 19 entities in Myanmar and Cambodia tied to cyber-fraud compounds that target victims worldwide, adding new names to the OFAC sanctions list.
The move raises immediate compliance requirements for banks, payment firms, and crypto venues that could touch these actors through correspondent flows or dollar-linked stablecoins.
Sanctions block property and prohibit U.S....
Lawmakers in Washington are weighing how the federal government should approach custody of Bitcoin and other digital assets.
A new bill, HR 1566, directs the Treasury Department to prepare a comprehensive report on the feasibility of creating both a Strategic Bitcoin Reserve and a wider Digital Asset Stockpile.
The measure forms part of the financial services and government operations...
Russian President Vladimir Putin’s adviser, Dmitry Kobyakov, accused the US of orchestrating a crypto strategy to eliminate its $35 trillion national debt through the manipulation of stablecoins.
During his speech at the Eastern Economic Forum on Sept. 6, Kobyakov claimed that Washington seeks to “rewrite the rules of the gold and crypto markets” as alternatives to traditional currency systems...
Investment activity in crypto funds slowed sharply for the week ending Sept. 6, with total outflows reaching $352 million despite US economic indicators pointing toward conditions that usually encourage risk-taking, according to CoinShares‘ latest report.
James Butterfill, head of research at CoinShares, said weaker employment numbers and growing expectations for a Federal Reserve rate cut in...
SEC Commissioner Hester Peirce warned that layer-2 blockchains operating centralized matching engines may face exchange registration requirements while advocating for regulatory protection of truly decentralized protocols.
During an interview on The Gwart Show, Peirce noted her vision for crypto regulation, drawing sharp distinctions between immutable code operating on decentralized networks and...
Central bank easing and subdued sentiment indicators indicate crypto bull cycle still in early stage
Julien Bittel, head of macro research at Global Macro Investor, argued that the bull run remains in its early stages based on comprehensive economic indicators.
In a Sept. 8 analysis shared via X, Bittel counters widespread “peak cycle” sentiment in crypto markets, challenging late-cycle narratives by examining traditional economic markers.
Peak sentiment
Classic late-cycle economies typically...
Swiss crypto platform SwissBorg suffered a $41 million theft when attackers compromised a partner API, draining approximately 193,000 SOL from the company’s Earn program and affecting roughly 1% of users.
CEO Cyrus Fazel addressed the incident during a Sept. 8 live broadcast, confirming that SwissBorg’s main application remains secure while emphasizing the company’s commitment to full user...
South Korea’s largest crypto exchange, Upbit, unveiled a cryptic countdown this week for a new blockchain project called “Giwa,” fueling speculation about its purpose and potential role in the country’s fast-growing digital asset sector.
The teaser site, which carries the tagline “trusted structure, not just shape,” offered no technical details but directed visitors to the upcoming Upbit...