Category: crypto

Top Win International rebranded as AsiaStrategy, accepting Bitcoin for watch sales. The company merged with Sora Ventures to pursue Bitcoin treasury and capital markets strategy. Strategic investments in Metaplanet and HK Asia Holdings were made. WiseLink led a $10 million convertible note investment. The company aims to propagate a listed company Bitcoin playbook in Asia.

Coinbase CEO Brian Armstrong predicts Bitcoin could reach $1 million by 2030 due to improved regulatory environment and government adoption. Clarified regulations will attract institutional capital, with the US government holding a BTC reserve. Other factors include crypto ETF interest and stablecoin legislation. Industry experts support Armstrong’s bullish forecast.

Ripple plans to expand its RLUSD stablecoin into Japan by 2026 in collaboration with SBI VC Trade. The move aligns with Japan’s push to clarify stablecoin regulations. RLUSD’s market capitalization has grown to $666.74 million with institutional adoption increasing. RLUSD is the first digital asset in the US to operate under both state and federal…

Allianz endorsed Bitcoin as a credible store of value in a recent investment report, marking a significant shift from its previous stance. The report highlighted Bitcoin’s deflationary design, decentralised governance, and low correlation to traditional markets. Allianz cited institutional adoption and infrastructure development as key factors in Bitcoin’s legitimization and predicted continued integration into mainstream…

MetaMask plans to launch its own stablecoin, mUSD, on Ethereum and Linea L2 in collaboration with Bridge and M0. The stablecoin will be fully backed by dollar equivalent assets and integrated into major DeFi protocols. This move aims to increase liquidity and value locked in the ecosystem, allowing users to easily swap, transfer, and spend…

A recent report by Delphi Digital suggests that Bitcoin may face a slowdown in performance in the coming weeks due to global M2 money supply peaking in September. The report highlights the relationship between BTC and M2 data, with potential implications for Bitcoin’s performance based on Treasury issuance and liquidity conditions.

A report by Coinbase predicts stablecoins could grow to a $1.2 trillion market by 2028, impacting U.S. debt markets. Issuers may need to purchase $5.3 billion in Treasury bills weekly, potentially reducing yields. Regulatory oversight and risk management are key as stablecoins become more integrated into global finance, affecting Treasury markets.

DOJ Criminal Division head Matthew Galeotti clarified that writing code without criminal intent is not a crime, offering guidance to crypto developers and smart contract creators. Developers contributing code to open source projects without intent to aid criminal conduct are not liable. The DOJ also provided protections for truly decentralized software automating peer-to-peer transactions.

Pennsylvania lawmakers introduced legislation requiring public officials to disclose and divest digital asset holdings over $1,000 within 90 days. The bill also prohibits officials and their families from certain financial transactions involving crypto. Violations can result in fines or imprisonment. This legislation aligns with federal efforts to address officials’ crypto activities.

State Street launched its first digital debt securities with JPMorgan’s Digital Debt Service, conducting a $100 million commercial paper transaction. The debt securities are issued, settled, and serviced using blockchain technology, offering streamlined market access. State Street’s investment demonstrated technology benefits for clients, advancing blockchain usage in fixed income markets. JPMorgan’s platform allows for T+0…