Category: crypto

The US SEC requested to dismiss its civil complaint against Binance and CZ. The case was paused for 60 days to review SEC crypto task force impact. Binance cooperated with SEC order for transparency. Binance called the dismissal a win. Future enforcement would require a new complaint. The SEC had accused Binance of being an…

Paris Saint-Germain announced on May 29 that they hold Bitcoin on their balance sheet and plan to expand PSG Labs to support companies building on the network. The club also supports various crypto initiatives and aims to differentiate sponsorship income through strategic investments in the technology. PSG aims to reach global markets through their brand…

Banco Santander is considering creating a fiat-backed stablecoin and expanding its crypto services to retail clients, in line with other major global banks. This move reflects a broader trend among European banks to engage with regulated crypto services. EU regulators are divided on the risks and benefits of stablecoins, with Santander’s actions potentially influencing the…

Russia’s central bank will allow financial institutions to offer crypto-linked investment products to qualified investors. These products include derivatives and tokenized securities reflecting crypto price movements. Investors can only speculate on prices, not hold digital assets. The bank stresses the importance of a conservative risk assessment framework to protect financial stability. The policy shift follows…

The Ethereum Foundation borrowed $2 million in GHO stablecoins using wETH as collateral on the Aave protocol, a move welcomed by the crypto community. This demonstrates a shift towards DeFi lending for treasury management and sustainability, following previous criticism for liquidating ETH. Aave is Ethereum’s dominant DeFi lending protocol.

In January, gold was flown from London to Switzerland to be reshaped into 100-ounce bars for COMEX delivery, creating a $50 pricing wedge. This caused Atlanta Fed’s GDPNow model to predict a recession due to increased gold imports. Bitcoin’s ease of transfer highlights the absurdity of physical gold movements. Trade war uncertainties could impact future…

Crypto exchange Bybit has obtained regulatory approval under the MiCA framework from Austria’s FMA, enabling it to offer digital asset services across the EEA. Bybit plans to establish its European headquarters in Vienna and comply with consumer protection and anti-money laundering rules. The company is also pursuing licenses in other jurisdictions. Despite the approval, Bybit…

Justin Drake from the Ethereum Foundation has raised concerns about Bitcoin’s long-term security due to low transaction fees. He believes that Bitcoin’s security model is broken and fees are not enough to sustain mining revenue. He suggests possible solutions like revising the fee market or moving to Proof-of-Stake, but faces resistance within the Bitcoin community.

House Financial Services Committee Chairman French Hill introduced the Digital Asset Market Clarity Act to provide clear regulations for cryptocurrencies. The bipartisan bill defines terms related to digital assets and amends existing laws to provide clarity and oversight. The proposal aims to establish the US as a global leader in digital assets and has bipartisan…

A US federal court ruled that Trump’s imposition of tariffs under a national emergency exceeded constitutional authority, throwing his tariff regime into legal limbo. US markets rallied on the news, with S&P 500 futures surging but Bitcoin lagging. The White House has filed an appeal, and businesses may be eligible for billions in refunds.