Category: crypto

Congress is working on finalizing US crypto market rules with a bill supported by Trump. The legislation would split oversight between SEC and CFTC, set deadlines for exchanges and stablecoins, and give CFTC primacy over Bitcoin and Ethereum. The bill is nearing passage, pending reconciliation of Senate committee drafts.

Wintermute has introduced institutional over-the-counter trading for tokenized gold, allowing professional investors to access physical gold through blockchain-based products. The market for tokenized gold is growing rapidly, with Wintermute predicting it could reach $15 billion by the end of 2026. This move reflects increasing institutional interest in asset-backed digital products.

The Zashi mobile wallet has been rebranded to Zodl after its development team split from Electric Coin Company. The functionality, security, and user data remain the same. The team formed an independent entity called ZODL, focusing on privacy and long-term growth. The rebrand does not affect security or compatibility.

The European Union is proposing a ban on cryptocurrency transactions involving Russian entities as part of sanctions against Moscow. Meanwhile, Russian financial firms are launching regulated crypto investment products, such as a mining fund registered with the Bank of Russia, signaling increased institutional adoption of digital assets domestically.

Nexo has officially relaunched in the United States, offering yield products, crypto-backed credit lines, and trading services after a $45 million settlement with the SEC in 2023. Despite market volatility, Nexo has issued $863 million in loans over the past year, signaling strong user demand. The company aims for long-term engagement with the U.S. market…

Nexo users borrowed almost 1 billion dollars in a year, with over 30% returning during a market pullback. This suggests managed deleveraging as Bitcoin, Ethereum, and Solana retreat. The data from CryptoQuant shows stability in the crypto lending platform, indicating confidence in the market despite the pullback.

Strategy plans to reduce debt by converting $6 billion in convertible bonds to equity over 3-6 years. Despite the potential benefits, this move could dilute existing shareholders. The company also aims to rely more on perpetual preferred shares for future Bitcoin purchases. Strategy’s shares have struggled due to Bitcoin’s volatility, currently down 9.7% on their…

UK Prime Minister Keir Starmer plans to extend online safety rules to cover AI chatbots used by children due to concerns about inappropriate content, emotional dependency, and unregulated advice. He emphasized the need for regulations to keep up with rapidly advancing AI tools and protect minors from new risks posed by technology.

The Binance app is no longer available on the Google Play Store in the Philippines, as reported by local media. Users are redirected to other exchange listings. There is speculation on Reddit about the reason for its disappearance, with regulatory crackdowns by Philippine authorities being a possible cause. Binance has not issued a public statement…

Russia’s cryptocurrency market is seeing a surge in trading activity, with daily volumes reaching $640 million. Lawmakers are working on new regulations to bring the market under formal oversight, with proposed rules including mandatory exchange licensing by 2027, retail investment caps, and penalties for unlicensed operators. The ban on crypto payments will remain in place.