President Donald Trump has signed an executive order asking the Federal Reserve to review whether fintech and crypto firms should be given direct access to core US payment systems. The order, signed on May 19, directs the Fed to evaluate the legal and policy framework around Reserve Bank payment accounts and payment services for uninsured…
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Bitcoin Depot, once one of North America’s biggest Bitcoin ATM operators, has filed for Chapter 11 bankruptcy. The company says it is winding down operations and looking to sell its assets. Its ATM network has already been taken offline. That is a brutal fall for a business that was built on a simple idea: put…
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The US Senate Banking Committee has advanced a long-awaited crypto market structure bill, giving the digital asset industry one of its biggest regulatory wins in Washington so far. The Republican-led committee voted to send the Clarity Act to the full Senate on Thursday, with all Republicans backing the bill and two Democrats joining them. Reuters…
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Circle has raised $222 million through a private presale of ARC, the native token connected to its new Arc blockchain, valuing the network at roughly $3 billion. The round drew backing from some of the biggest names in finance and crypto, including Andreessen Horowitz, BlackRock, Apollo, Intercontinental Exchange, ARK Invest, Bullish, Haun Ventures, Standard Chartered…
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Tether has led a $14 million Series A round in belo, the Argentina-born fintech building a stablecoin-powered payments app for Latin America. The round also included Titan Fund, The Venture City, Mindset Ventures, G2, and existing backers. On the surface, this is another fintech funding story. But the bigger picture is more interesting: Tether is…
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Aave did not get hacked. That may end up being the most important line in this whole story. But in crypto, being one step removed from the blast zone does not mean you escape the damage. After the April 18 exploit tied to Kelp DAO’s rsETH, Aave became the clearest example of how quickly confidence…
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Justin Sun Turns on World Liberty Financial as Token Lockup Fight Exposes Who Really Holds the Power
Justin Sun has gone from one of World Liberty Financial’s biggest backers to one of its loudest critics, and the fallout is exposing an ugly question at the heart of the Trump-linked crypto project: when investors bought WLFI, were they buying into a long-term ecosystem, or into a token they may not truly control for…
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A major exploit hit Hyperbridge on April 13 after an attacker managed to mint 1 billion fake bridged DOT tokens on Ethereum, then dump them into the market for a relatively small real-world haul of around $237,000. The headline number looked enormous, but the actual damage was limited by thin liquidity and the fact that…
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Michael Saylor’s Strategy has added another 13,927 bitcoin to its balance sheet, spending roughly $1 billion during the week of April 6 to April 12. The company paid an average of $71,902 per BTC for the latest purchase, according to Strategy’s published holdings data and Saylor’s public update on April 13. That takes Strategy’s total…
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Crypto.com launched a mixed-asset IRA today. But the real story is the land grab happening underneath it. Crypto.com rolled out an individual retirement account for U.S. users today, combining crypto and equities in a single tax-advantaged wrapper. It supports Traditional and Roth IRAs, covers more than 400 digital assets alongside stocks and ETFs, and includes…