Category: crypto

The U.S. Court of Appeals for the Tenth Circuit denied Custodia Bank’s appeal against the Federal Reserve regarding access to the U.S. banking system. The decision allows regional Federal Reserve banks to decide on granting “master accounts” for direct access to the central bank’s payment infrastructure. Custodia Bank, focused on digital assets, sought a master…

French Hill, chair of the U.S. House Financial Services Committee, discussed the CLARITY Act as a potential solution to unresolved issues in the GENIUS Act. The legislation aims to provide equal rules for bank and nonbank stablecoin issuers, with bipartisan support in the House. Major banks have expressed concerns about potential competitive advantages for crypto…

Former UK Prime Minister Boris Johnson criticized Bitcoin, comparing it to a Ponzi scheme, citing a church acquaintance who lost money in a supposed crypto investment. Johnson questioned the value of Bitcoin, contrasting it with traditional assets. Michael Saylor, a prominent Bitcoin advocate, defended the cryptocurrency’s structure and decentralized nature, denying it is a Ponzi…

Three Democratic senators will oversee the U.S. Justice Department’s investigation into Binance for possible violations of sanctions related to Iran-linked transactions. The probe comes after reports of over $1 billion in crypto transfers being examined by federal investigators. Binance denies allegations and faces scrutiny for previous violations of U.S. laws.

The Bitcoin Policy Institute plans to review and respond to an upcoming Federal Reserve proposal that will impact how U.S. banks treat Bitcoin under international banking standards. The proposal will open a 90-day public comment period, with Bitcoin currently assigned a 1250% risk weighting under Basel rules, making it difficult for banks to provide services…

Ethereum co-founder Vitalik Buterin clarified that his massive 2021 crypto donation to the Future of Life Institute came from SHIB tokens received during the memecoin boom. He warned against centralized AI safety policies and lobbying efforts, emphasizing the importance of open-source technologies to address high-risk scenarios without geopolitical tensions.

The U.S. Treasury has sanctioned individuals and entities involved in a North Korean IT worker fraud network that generated funds through stolen identities and remote jobs. Cryptocurrency was used to launder proceeds linked to weapons programs. The sanctions aim to cut off revenue streams for North Korea’s military programs.

A whale linked to Matrixport holds $300 million in leveraged Ethereum and Bitcoin longs, with $26 million in unrealized profit, raising liquidation risk. The whale is using double-digit leverage, and a small price drop could trigger forced de-leveraging. This concentrated risk could impact the broader market and requires tighter risk controls for traders.

Trend Research withdrew 27,000 ETH from Binance and sent $150.47m in USDC back to the exchange, indicating a shift in strategy. This suggests they are positioning themselves in ETH rather than de-risking. The move is seen as a significant activity in the market and can impact liquidity and sentiment.

The Ethereum Foundation has released a new “EF Mandate” outlining its commitment to maintaining Ethereum as a censorship-resistant, open-source, and privacy-first base layer. The mandate focuses on values such as censorship resistance, open-source development, privacy, security, and user experience. It signals a zero tolerance for surveillance-chain compromises and emphasizes long-term work to protect the network’s…