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Federal Reserve Governor Michelle Bowman was confirmed by the Senate on Wednesday to serve the top regulatory role at the central bank.
Circle and its backers, including the firm's CEO Jeremy Allaire, sold 34 million shares at about $31 each to net the firm about $1.1 billion.
The move is part of a wider systematic shift in priorities for the organization, including supporting Ethereum's ecosystem of applications.
The trader still has an $82 million open long position on Bitcoin at 40x leverage, with a liquidation price of $103,930.
Prospects of passing a bill to regulate the cryptocurrency industry at large are hitting a recurring roadblock.
The token furthers CUDIS's approach to decentralized health by giving users a say in governance decisions and access to marketplace rewards.
K Wave Media is the latest firm to pursue a Bitcoin acquisition strategy, with plans to sell $500 million worth of stock to finance its purchases.
JPMorgan will now count a wealth-management client's crypto holdings toward their net worth and liquid assets when calculating borrowing limits.
The Daily: Ripple denies earlier Circle bid reports, Webus plots $300 million XRP treasury, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Thrive Protocol founder Daniel Jacobs explains how crypto funding is being transformed through AI review systems that reward real builders.