Category: crypto
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DBS Bank to accept tokenized $736M fund for repo collateral as RLUSD goes live on DDEx
Ripple has partnered with DBS Bank and Franklin Templeton to introduce trading and lending tools built around tokenized collateral and stablecoins. The collaboration aims to bridge traditional markets with blockchain-based liquidity. Franklin Templeton plans to expand its token interoperability by launching sgBENJI on the XRP Ledger.
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After USDT’s global victory Circle’s USDC battles Tether’s USAT in $650B USA showdown
Tether dominates the stablecoin market with a $171 billion market cap. They recently introduced the USA₮ stablecoin to compete with USDC under U.S. law. The GENIUS Act sets new regulations for stablecoins. USDC and USAT are expected to compete for market share in the coming years. Visa and PayPal are expanding stablecoin settlement options. Merchant…
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CME Group targets institutional traders with new Solana and XRP options
CME Group will launch options tied to Solana and XRP futures by Oct. 13. The options will be available on standard and micro contracts with weekly expiries, meeting demand from institutions and traders. These options provide flexibility for investors to hedge risks or leverage price movements. Liquidity in Solana and XRP futures has been growing,…
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Elizabeth Warren raises ethics concerns over White House crypto czar David Sacks’ tenure
Democratic lawmakers are questioning whether David Sacks, President Trump’s “crypto and AI czar,” has exceeded the time limits of his temporary White House appointment, raising concerns about ethics violations. Sacks, a venture capitalist, has ties to Silicon Valley that may pose conflict-of-interest issues if he is no longer within the bounds of his appointment.
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SEC greenlights new generic standards to expedite crypto ETP listings
The SEC approved new generic listing standards for commodity-based trust shares on major exchanges to streamline the approval process for digital asset ETPs. However, not all crypto ETPs will qualify immediately due to threshold requirements. The SEC may further refine these standards in the future to accommodate different digital asset products.
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Solana treasury company stock drops 7% after committing $4 billion to new purchases
Forward Industries is increasing its commitment to Solana by filing a $4 billion equity offering program with the SEC. The proceeds will support corporate needs and expand Solana treasury holdings. Despite a 7% drop in share prices, the move is seen as a strategic way to unlock capital. Other companies are also increasing their Solana…
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UK crypto holders brace for FCA’s expanded regulatory reach
The UK’s Financial Conduct Authority (FCA) is planning to expand its regulatory reach in the crypto industry, with new proposals to apply rules to crypto firms for retail investor protection and oversight. This shift aims to provide safer custody of assets, better risk disclosure, and clearer consumer recourse while balancing innovation and market integrity.
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Bitcoin volatility spikes as FOMC confirms 25 basis-point rate cut for September
Bitcoin experienced volatility on Sept. 17 following a 25 basis-point interest rate cut by the Federal Reserve. The decision lowered the federal funds rate to 4% to 4.25% and had a significant impact on Bitcoin’s price. The rapid swings in Bitcoin’s value highlighted the asset’s sensitivity to changes in Fed policy and dollar liquidity. The…
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New York regulator urges banks to harness blockchain analytics for crypto risks
New York’s financial regulator is advising banks to utilize blockchain analytics to manage risks related to virtual currency, including money laundering and sanctions violations. Superintendent Adrienne Harris recommended screening customer wallets, monitoring crypto activity, and updating compliance frameworks regularly. The guidance aims to safeguard against threats like terrorist financing and sanctions evasion.
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Bitcoin price at a ‘hinge point’ as traders await Fed decision today
Bitcoin surpassed $117,000, its highest level since August, as traders await the Federal Reserve’s interest rate decision. Market expectations of an easier monetary policy have boosted momentum. Bullish sentiment on social media and stablecoin flows into exchanges indicate readiness to capitalize on market moves. However, caution is advised as markets may move against retail consensus.…