The GENIUS Act contains a little-noticed clause that prevents technology giants and Wall Street behemoths from dominating the stablecoin market, according to Circle Chief Strategy Officer Dante Disparte. “The GENIUS Act has what I’d like to call — just for my own legacy sake — a Libra clause,” Disparte told the Unchained podcast on Saturday.…
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Spot Bitcoin ETFs recorded a net inflow of $363 million on Friday, marking the twelfth consecutive day of net inflows amid strong investor interest. BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with a net addition of $496.75 million, strengthening its position as the largest spot Bitcoin (BTC) ETF with $86.50 billion in assets, according…
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Charles Schwab is preparing to expand its crypto offerings by launching spot trading for Bitcoin and Ethereum, according to CEO Rick Wurster. In an interview with CNBC on Friday, Wurster said Schwab clients already hold significant exposure to crypto via exchange-traded products (ETPs), owning more than 20% of the industry’s crypto ETP market. However, he noted that crypto…
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Bullish, a cryptocurrency exchange owned by Bullish Global, has filed for an initial public offering (IPO) in the United States. The Cayman Islands-based firm plans to list its ordinary shares on the New York Stock Exchange (NYSE) under the ticker symbol “BLSH.” The exact number of shares to be offered and the price range remain…
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Bilal Bin Saqib, Pakistan Crypto Council CEO and special assistant to Pakistan’s prime minister on crypto and blockchain, met with El Salvador’s President Nayib Bukele in San Salvador to explore knowledge-sharing opportunities. In a Thursday post on X, Saqib described Bukele as “one of the most extraordinary visionary leaders of our time.” He touted Bukele’s…
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A new Bitcoin Improvement Proposal (BIP) aims to tackle the threat posed by quantum computers by phasing out Bitcoin’s legacy signature schemes, which can be vulnerable to quantum attacks, in favor of quantum-resistant alternatives. The proposal, titled “Post Quantum Migration and Legacy Signature Sunset,” was drafted earlier this week by a group of cryptography and…
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The Drug Enforcement Administration (DEA), working alongside the FBI, has seized over $10 million in cryptocurrency linked to the infamous Sinaloa cartel during operations in Miami, Florida. The seizure came as part of an extensive nationwide crackdown that has led to the confiscation of 44 million fentanyl pills, 4,500 pounds of fentanyl powder, nearly 65,000…
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Binance co-founder and former CEO Changpeng “CZ” Zhao has reposted a tweet alleging that Coinbase was the “anonymous” source behind Bloomberg’s report targeting Trump’s crypto project, World Liberty Financial, and Binance. In a Sunday post on X, crypto commentator Matt Wallace claimed Coinbase executives feared a potential pardon for Zhao and Binance’s return to the…
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Thousands of savers face the grim prospect of losing their investments after administrators uncovered a 2 million pounds ($2.7 million) shortfall at Ziglu, a British cryptocurrency fintech that collapsed earlier this year. The company, which suspended withdrawals in May, was placed into special administration last week amid mounting concerns over its financial management, according to…
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The Czech National Bank adjusted its US investment portfolio in the second quarter by increasing its stake in Palantir Technologies and initiating a new position in cryptocurrency exchange Coinbase Global. These moves were disclosed in a Form 13F filing, which is a quarterly report filed by investment managers to the Securities and Exchange Commission that…
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