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Over half of the 25 largest US banks are now weighing or rolling out crypto-related products.
An Aug. 8 status chart shared by River that tracks the giants across two lanes, custody and trading.
The snapshot shows multiple firms moving from “not yet” to “exploring,” “announced,” or restricted access for high-net-worth clients, indicating that digital asset offerings are steadily entering...
Ethereum (ETH) surged past the $4,000 mark on Aug. 8, hitting its highest level this year after a sustained market rally that saw it gain nearly 50% in the past month.
Data from CryptoSlate shows the asset peaked at $4,047 during US trading hours. Notably, the last time ETH traded above $4,000 was in December 2024, when optimism around Donald Trump’s election victory fueled a wave of pro-crypto...
Nasdaq-listed Verb Technology has raised $558 million in a private placement to establish the first publicly listed company dedicated to holding Toncoin (TON) as a treasury reserve asset.
The financing round, which was upsized and oversubscribed, was led by Kingsway Capital and drew participation from over 110 institutional and crypto-native investors.
Notable backers include Vy Capital,...
Stablecoin rails are on pace to challenge incumbent cross-border networks by 2026, as monthly on-chain dollar settlement already runs in the trillions and merchant access widens through mainstream processors.
Per RWA.xyz’s live dashboard, stablecoins moved about $3.3 trillion on chain in July, with roughly 39.7 million monthly active addresses, while total stablecoin value sits near $259 billion...
Panama City Mayor Mayer Mizrachi has expressed strong support for a proposal that would allow ships to pay reduced Panama Canal fees if they settle in Bitcoin.
In an Aug. 7 post on X, Mizrachi described the idea as “brilliant” and expressed hope that the Panama Canal Authority would adopt it.
Max Keiser, an advisor to El Salvador’s President Nayib Bukele on Bitcoin matters, suggested that Panama...
President Donald Trump signed an order on Aug. 7 allowing crypto in 401(k) plans, subject to agency rulemaking.
The directive tells the Labor Department, the SEC, and Treasury to revisit constraints on plan menus, opening the door for defined contribution plans to add sleeves tied to Bitcoin and ether through pooled vehicles.
The focus now is on the size of the default crypto allocations and the...
El Salvador is signaling its next significant step in Bitcoin adoption by planning to create a dedicated Bitcoin bank.
On Aug. 8, the country’s Bitcoin Office posted on X, declaring:
“Bitcoin Banks are coming to the Bitcoin Country.”
Although no further details were disclosed, the announcement suggests a plan to integrate Bitcoin-based banking into the nation’s financial system.
This could...
Coinbase’s Layer 2 network, Base, has announced it will start collecting coined content as part of its push to support creators in a new digital economy.
In an Aug. 7 post on X, the Ethereum layer-2 said it will hold these tokens indefinitely, with no plans to trade or sell them. It also stressed that the move aims to reward creativity rather than make investment gains.
Base stated:
“We believe...
Ethereum Foundation (EF) Co-Executive Director Tomasz Stańczak has urged developers to redirect their attention toward the upcoming Fusaka upgrade, warning that focus on the later Glamsterdam release could jeopardize near-term progress.
In an Aug. 8 update on X, Stańczak said he had advised project coordinators to pause discussions about Glamsterdam. That upgrade is not expected until early or...
Ukraine’s central bank said it remains prepared to move forward with crypto legalization while reaffirming that virtual assets will not be recognized as legal tender, per RBC Ukraine.
National Bank of Ukraine (NBU) Governor Andriy Pyshnyy said on August 8 that “virtual assets cannot be a means of payment in Ukraine” and described this restriction as a “red line” necessary to safeguard monetary...