The US financial regulator gave conditional approval for World Liberty Financial’s charter bid as ten Democrats signed onto a bill to “prevent corruption in banking applications.“ Amid scrutiny and accusations of conflicts of interest from many lawmakers, the US Office of the Comptroller of the Currency (OCC) gave conditional approval for World Liberty Financial’s application...Continue Reading

Binance’s UK arm has been barred from offering regulated activities in the country since June 2021, but the company will reportedly move to secure licensing under new crypto rules. Cryptocurrency exchange Binance is reportedly planning to apply for a license with the UK’s Financial Conduct Authority (FCA) in a move expected to relaunch certain services...Continue Reading

The regulatory review could shape an emerging market that lets companies and investors trade and hedge the cost of increasingly scarce AI computing power. The US Commodity Futures Trading Commission (CFTC) is preparing to solicit public comment on futures contracts tied to computing capacity, a critical resource for artificial intelligence development, as major exchanges move...Continue Reading

The stablecoin bill signed into law last year is scheduled to go into effect in January 2027, potentially without finalized regulations from US government agencies. The US Department of the Treasury issued a notice of proposed rulemaking related to the implementation of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, a bill...Continue Reading

Bitcoin price strength saw BTC/USD pass $64,000 on 2% daily gains as gold pushed higher while US stocks wobbled on fresh US-Iran rhetoric. Bitcoin (BTC) returned to $64,000 after Monday’s Wall Street open as US stocks gave way to gold. Key points: Data from TradingView showed BTC/USD up by more than 2% on the day,...Continue Reading

Tom Lee’s Ethereum treasury company keeps buying the second-biggest crypto through the downturn, while more than 5 million staked ETH is projected to generate $287 million in annual rewards. Tom Lee’s Bitmine Immersion Technologies, an Ethereum treasury company, resumed its Ether purchases last week, bringing it closer to a key business target of owning 5%...Continue Reading

Proceeds funded STRC dividends and repurchases, while $149.1 million was added to Strategy’s US dollar reserve, which reached $4.8 billion. Strategy raised $333.7 million through common stock sales last week but made no Bitcoin purchases, leaving its holdings unchanged at 840,447 BTC. The company sold 3.46 million MSTR shares between Aug. 10 and Aug. 16...Continue Reading

Harmony said selectively restoring transactions could create inconsistent chain state, as Ravencoin faces a separate rollback dispute after an exploit. Harmony plans to roll back its blockchain to Aug. 11 following an exploit that created forged ONE tokens, discarding more than 109,000 transactions confirmed after its chosen checkpoint. The layer-1 network said Monday that validators...Continue Reading

Bitcoin confirmed a weekly candle close below its 200-week moving average, copying the 2022 bear-market as traders warn of further BTC price downside next. Bitcoin (BTC) is starting the new week at around $63,000, but bear-market history continues to repeat with weekly close below a key long-term trend line. Key points: Read moreContinue Reading

Reuters reported that Binance supplied transaction records and identity documents later used in a terrorism-financing case against Yuri Belenkiy. Binance reportedly provided Russian authorities with transaction records and personal information belonging to a customer accused of financing terrorism via cryptocurrency donations to Ukrainian fundraising campaigns. Russian investigators used information supplied by Binance as evidence against...Continue Reading