Once the pilot phase ends, Coinbase’s institutional clients can begin using JPMD for transactions. JPMorgan Chase’s foray into the blockchain ecosystem continues, with the financial institution choosing the Base network to pilot its newly launched deposit token, JPMD.  The pilot program was confirmed by Naveen Mallela, an executive at JPMorgan’s blockchain division, Kinexys, who told...Continue Reading

After clearing a key procedural vote, the GENIUS Act faces a final decision in the Senate before moving to the House of Representatives. The Guiding and Establishing National Innovation for US Stablecoins Act, known as the GENIUS Act, now faces a key vote in the United States Congress, and the stakes for the cryptocurrency industry...Continue Reading

“The panic of ‘22 showed that much like in TradFi, liquidity and solvency are intimately bound up with each other,” said Cycles’ Ethan Buckman. The fallout from the 2022 crypto bear market still reverberates across the industry, with unsecured credit conditions not fully recovered from the panic crash that engulfed lenders like BlockFi, Celsius, Voyager...Continue Reading

Eight crypto exchanges, custodians and wallets have joined a group formed to accelerate the adoption of tokenized assets. Decentralized finance platform Ondo Finance has announced the formation of the Global Markets Alliance — an industry partnership with eight cryptocurrency wallets, custodians and exchanges — aimed at accelerating the adoption of onchain financial assets. Announced Tuesday,...Continue Reading

If approved by the US regulator, the investment offering could have Coinbase competing against other stock trading platforms. Cryptocurrency exchange Coinbase is reportedly looking for the green light from US financial regulators to offer tokenized stock trading to its users. According to a Tuesday Reuters report, Coinbase’s chief legal officer, Paul Grewal, said the company...Continue Reading

Ubyx, a startup aiming to standardize stablecoin redemption at face value, raised $10 million in seed funding led by Galaxy Ventures to launch in Q4 2025. Ubyx, a new stablecoin clearing platform that aims to jumpstart stablecoin adoption by enabling redemption at face value, has closed a $10 million seed funding round backed by several...Continue Reading

Flare Network’s bridging technology and FAssets are bringing institutional and retail XRP holders into DeFi, tapping a massive pool of idle liquidity. Despite its massive popularity, XRP has remained largely absent from decentralized finance (DeFi) because of the technical limitations of the XRP Ledger (XRPL). XRPFi, a DeFi ecosystem centered on XRP (XRP), aims to...Continue Reading

Over 28% of the total Ether supply is now staked, signaling that many investors are gearing up to hold their assets for the long term. The supply of staked Ether reached an all-time high this week, signaling growing investor confidence and a squeeze on the liquid supply of the world’s second-largest cryptocurrency. Over 35 million...Continue Reading

Malaysia unveils a regulatory sandbox for programmable payments and ringgit-backed stablecoins, aiming to position itself as a regional fintech hub. Malaysia has launched its Digital Asset Innovation Hub initiative, which will serve as a regulatory sandbox, enabling fintech and digital asset firms to test new technologies under the oversight of the country’s central bank. On...Continue Reading

Gemini has accused the CFTC’s enforcement division of using a false whistleblower report to form its 2022 lawsuit against the crypto exchange. Gemini Trust claims it was a “selfish desire” by the Commodity Futures Trading Commission’s litigators to advance their careers that allowed “dubious” charges to be brought against the crypto exchange in 2022. In...Continue Reading