US President Donald Trump is set to sign an executive order on Thursday instructing federal bank regulators to identify and fine financial institutions that engaged in “debanking.” According to Bloomberg on Thursday, citing a senior White House official, regulators will be required to review complaint data, while financial institutions under the purview of the Small…
Read more
The crypto industry is hailing the US Securities and Exchange Commission’s latest guidance on liquid staking as a rare regulatory win, with stakeholders calling it a major step forward for decentralized finance and institutional adoption of digital assets. Released Tuesday, the SEC staff issued a guidance on liquid staking, writing that under certain conditions, liquid…
Read more
Brazil’s House of Representatives will hold a hearing on Aug. 20 to discuss a bill proposing the creation of a national Bitcoin reserve in the country. According to the House website, at least six institutions are slated to participate, including the Central Bank of Brazil, the Ministry of Finance, a crypto advocacy association and representatives…
Read more
Solana infrastructure provider Jito Labs, asset managers VanEck and Bitwise and two other stakeholders are appealing to the US Securities and Exchange Commission (SEC) to allow liquid staking for Solana exchange-traded products (ETPs). Liquid staking is a form of allocating tokens to a validator while receiving a derivative token in return, effectively meaning the staked…
Read more
Jack Dorsey’s technology company Block joined the Standard & Poor’s 500 (S&P 500) index on Wednesday, marking the third public company with Bitcoin holdings to join the global benchmark. Block holds 8,584 Bitcoin (BTC) worth approximately $1 billion, according to BitcoinTreasuries.NET. That stash makes Block the 13th-largest corporate holder of BTC. The company’s shares on…
Read more
The securities fraud lawsuits facing Michael Saylor’s company Strategy could take years to play out — if they go anywhere at all, according to legal experts. Strategy, formerly MicroStrategy, pioneered the use of Bitcoin (BTC) as an asset reserve for corporate treasuries. The company has been since 2020 making regular purchases of Bitcoin, with over…
Read more
Semler Scientific bought another $25 million in Bitcoin to push its holdings to nearly 5,000 BTC, but investors aren’t buying into the buzz. Even with its treasury strategy and big gains on its crypto investments, the medical technology company’s shares are down 22% year-to-date. Semler bought 210 Bitcoin (BTC) in the first week of July…
Read more
Calamos Investments, an investment firm with over $40 billion in assets under management, has filed for a “laddered” Bitcoin (BTC) exchange-traded fund (ETF) in the United States, tapping into cautious crypto investors seeking exposure to digital asset markets. The product would add to a growing list of attempts by asset managers to package Bitcoin exposure…
Read more
Bitlayer, a Bitcoin decentralized finance (DeFi) infrastructure startup backed by Franklin Templeton, has launched its smart contract bridge on mainnet, aiming to make Bitcoin more interoperable across multiple blockchain networks. The bridge, called BitVM, is described by the company as a “trust-minimized bridging solution for Bitcoin holders.” It enables users to deposit Bitcoin (BTC) into…
Read more
Three federal agencies of the United States government outlined the risks facing banks if they decide to custody crypto on behalf of their clients, according to a document published jointly by the agencies on Monday. While the announcement said that the document “does not create any new supervisory expectations,” it could provide a framework for…
Read more