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White House threatens to withdraw support for crypto bill after Coinbase move, calling it a rug pull on the industry
The White House has threatened to withdraw support for crypto legislation if Coinbase doesn't negotiate a favorable yield agreement, following Coinbase's exit from discussions, which officials deemed a betrayal of collaborative efforts.
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DEFI-4,33%
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DegenDreamervip:
Coinbase's move was so bold that the White House directly turned hostile... Now the real show begins.
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Crypto Mining Firm Canaan Receives Nasdaq Deficiency Notice Over Share Price
Canaan Inc received a Nasdaq notice due to its shares falling below $1 for 30 days. The company has 180 days to regain compliance or may seek an additional period with specific requirements.
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MetaNomadvip:
Wow, Canaan got hit again? Hardware manufacturers in the crypto circle are really having a tough time.
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DOJ Confirms Seized Bitcoin from Samourai Wallet Case Remains Part of Strategic Reserve
The DOJ confirmed that Bitcoin seized from the Samourai Wallet case will remain in the Strategic Bitcoin Reserve and will not be sold, despite earlier concerns about transfers. About 328,000 Bitcoin is held by the US government, valuing approximately $31.2 billion.
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BTC-2,35%
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RamenDeFiSurvivorvip:
Awesome, the US government is directly acting as a whale, locking up $3.2 billion worth of BTC and not selling. Are they planning to hold long-term?
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Belarusian President Signs Order Establishing Framework for Crypto Banking
Belarusian President Lukashenko has enacted a decree to establish a legal framework for cryptobanks, aiming to position Belarus as a fintech hub. Only companies in the High-Tech Park and registered with the National Bank can operate, adhering to specific regulations.
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StakeOrRegretvip:
Wow, Belarus is also starting to do crypto banking? Are they trying to overtake on a curve?
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Riot stock rises on AMD lease and Rockdale land acquisition
Riot Platforms' shares rose over 7% after securing a data center lease with AMD and acquiring 200 acres in Rockdale, Texas. The $96 million purchase was funded by selling Bitcoin, enhancing Riot's data center capabilities significantly.
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BTC-2,35%
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SelfCustodyBrovip:
Riot's hardware upgrade this time feels like it's about to take off.
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Major US Lender Newrez to Accept Bitcoin, Ethereum, and Stablecoins for Mortgage Qualification
Newrez, a major US lender, will allow mortgage applicants to use Bitcoin, Ethereum, and certain stablecoins for asset verification starting in February, marking a significant shift in mortgage lending practices.
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BTC-2,35%
ETH-2,5%
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BlockchainArchaeologistvip:
Wait, is Newrez really going to accept cryptocurrencies as collateral? How many people are itching to jump in now, haha
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Top Wall Street Equity Strategist Exits Bitcoin Over Quantum Computing Threat
Jefferies' Christopher Wood has removed Bitcoin from his portfolio due to concerns over quantum computing's potential threat to its security. He highlights a shift towards physical gold and mining stocks, emphasizing gold's historical reliability as a store of value.
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BTC-2,35%
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CommunityWorkervip:
Can quantum computing really threaten BTC? Feels a bit like overpanic.
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Interactive Brokers adds USDC funding, with additional stablecoin support coming next week
Interactive Brokers now allows clients to fund accounts using USDC stablecoin, enabling rapid deposits across global markets. The feature supports instant processing and will include additional stablecoins next week, enhancing user experience and market access.
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ETH-2,5%
SOL-6,25%
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MetaNeighborvip:
Damn, is Interactive Brokers planning to enter the crypto space? Depositing stablecoins directly takes off!
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Citrea Launches ctUSD: Native Stablecoin for Bitcoin's Liquidity Layer
Citrea has introduced ctUSD, a dollar-backed stablecoin for the Bitcoin ecosystem, ensuring compliance and reducing fragmentation. Backed by T-bills and cash, it aims to establish a secure liquidity layer without relying on third-party solutions.
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BTC-2,35%
IRON1,53%
ACH2,61%
ETH-2,5%
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SnapshotBotvip:
ctUSD another stablecoin? How many USDTs is the Bitcoin ecosystem planning to create... But the backing of T-bills is quite solid, just not sure if the liquidity can keep up.
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New study shows how Polygon cuts wallet acquisition costs below $1
A new MBA case study from IVEY Publishing highlights how Polygon achieved wallet acquisition costs below $1 through innovative strategies. Utilizing Addressable's technology, Polygon effectively targeted users in NFTs, gaming, DeFi, and enterprise, providing insights for future blockchain marketing.
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FlashLoanPrincevip:
Wow, Polygon has reduced wallet costs to below $1? That's impressive!
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Kaito Token and NFT Prices Plunge as X Blocks InfoFi Apps to Fight Spam
The Kaito token dropped 20% after X blocked apps rewarding user posts to combat spam, impacting the overall InfoFi market, which saw declines in multiple tokens and a total market value decrease of 11.5%.
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KAITO-3,98%
ETH-2,5%
COOKIE-11,72%
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BlockchainDecodervip:
From a technical perspective, the chain reaction of this wave of decline is indeed noteworthy — once the anti-spam mechanism was launched, it directly stalled the pulse of the incentive model. A 20% drop in a single token dragged down the entire ecosystem by 11.5%, indicating that the risk exposure in the InfoFi sector is greater than expected.
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Ripple invests $150M in LMAX to expand RLUSD use across FX and crypto markets
Ripple invests $150 million in LMAX to enhance RLUSD's role as collateral for FX and crypto trading, leveraging LMAX's infrastructure for institutional clients and promoting stablecoin use in traditional finance.
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PrivateKeyParanoiavip:
This move is quite aggressive, investing $150 million just to get RLUSD on track... By the way, can LMAX's infrastructure really hold up?
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Custody giant State Street to roll out new tokenized deposits and stablecoins
State Street is set to launch tokenized deposits, stablecoins, and ETFs as part of its expansion into the digital asset market, collaborating with firms like Franklin Resources and Fidelity, marking a shift towards active product development.
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SmartContractPhobiavip:
State Street is finally joining in, and traditional finance is really being forced to get involved now.
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CME Group to Launch ADA, LINK, and XLM Futures as Part of Crypto Expansion
CME Group is set to launch futures contracts for Cardano (ADA), Chainlink (LINK), and Stellar (XLM) on February 9, pending regulatory approval, expanding its digital asset offerings amid rising demand for regulated crypto futures.
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ADA-7,88%
LINK-6,02%
XLM-7,7%
BTC-2,35%
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BuyTheTopvip:
CME is selling futures again. This time it's ADA, LINK, and XLM getting the meat? Honestly, it's just a new trick for institutions to harvest retail investors.
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MetaMask Adds Native TRON Support for Mobile and Browser Wallets
MetaMask has added native TRON support to its mobile and browser wallets, enabling users to manage TRON assets and interact with dApps seamlessly. This enhancement promotes multichain compatibility and aims to improve user experience in decentralized finance.
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TRX-0,41%
BTC-2,35%
SOL-6,25%
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StakoorNeverSleepsvip:
Oh my god, Metamask finally added Tron. It should have been like this a long time ago.
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Bitmine Invests $200 Million in Beast Industries to Expand DeFi and Financial Services Integration
Bitmine invests $200 million in MrBeast's Beast Industries to integrate decentralized finance into new financial services. This partnership marks Beast’s expansion beyond entertainment and explores potential fintech opportunities.
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screenshot_gainsvip:
Wow, 200 million dollars invested? MrBeast is really getting into finance, this is interesting.
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London Stock Exchange Unveils Blockchain-Powered Platform for Cash and Digital Assets Settlement
The London Stock Exchange launched the blockchain-based Digital Settlement House (LSEG DiSH) for instant settlement of commercial bank money, enhancing efficiency and reducing risks across traditional and digital asset networks.
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BrokenDAOvip:
It's just centralized clearing with a different name. Do you really think that putting it on the blockchain can solve governance issues? Behind the slight improvement in settlement efficiency, it's still the same old power structure.
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Amazon's $475M Saks Global Investment at Risk After Bankruptcy Filing
Amazon's $475 million investment in Saks Global is jeopardized after the luxury retailer's bankruptcy filing. Saks seeks financing that could undermine Amazon's equity rights, prompting legal opposition from the tech giant.
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gas_fee_traumavip:
Another show of big capital hurting each other, did Amazon's 475 million just go down the drain?
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