Federal Reserve Approves GENIUS Act for Stablecoins
The U.S. Federal Reserve proposed new regulations under the GENIUS Act, affecting stablecoin rewards and capital requirements, with public input needed before finalization. #Update #Crypto $USDC
Crypto News
General category for all types of news related to the cryptocurrency world.
Bitget Hacked $351M Withdrawals Frozen
Bitget confirms a $351.6M breach; withdrawals paused, protection fund covers losses. Incident report due in 24 hours. #Breaking #Crypto
Bitget Hacked $183M Vanishes Instantly
Bitget reportedly hacked, with $183M in $ETH, $USDT, $USDC, and other tokens moved from its wallets to a single address. Withdrawals blocked; Bitget silent. #Breaking #Crypto
Stock Tokens Ignite Debate Over Market Gaps
Robinhood’s AMC token spiked from $2.55 to $23.16 before dropping to $3.26, with $10.5M in volume; issuer did not mint/burn tokens during the price divergence. #Update #Crypto $AMC
Ondo Finance Faces Sale After Founder’s Death
Tokenization platform @OndoFinance was offered for sale following the death of founder Nathan Allman, sparking legal disputes over control and his estate’s ONDO tokens. #Update #Crypto
Fiber Market Data Launches for Hyperliquid Traders
@DoubleZero has launched a dedicated market data feed for Hyperliquid, enhancing access to its full order book for traders. This service aims to deliver faster updates over fiber. #Update #Crypto $ETH
Tokenized Stocks Coalition Launches with Bullish Alpaca Apex
@Bullish, @Alpaca, and @ApexFintechSolutions form a coalition to advance issuer-backed tokenized stocks, aiming to enhance investor rights and market interoperability following recent SEC exemptions. #Update #Crypto
Meta Launches AI Keychain Gadget
Meta unveils Muse Charm, a keychain-sized AI device, despite privacy concerns after unauthorized iMessage access. Shipping in December; pricing details pending. #Update #Tech
AI Unmasks 90% Anonymous Accounts
Researchers from ETH Zurich and Anthropic revealed AI can deanonymize online accounts using web search, costing $1-$4 per target. No hacking needed. #Update #Tech
Crypto Treasury Model Diminishes as Stock Premiums Fade
The digital asset treasury model is losing its edge, with only four of the top 20 companies trading above their crypto holdings’ value, according to DWF Ventures. #Update #Crypto
Stablecoins Propel Dollar Dominance Strategy
The Trump administration considers promoting dollar-backed stablecoins overseas to boost U.S. Treasury holdings, involving multiple federal agencies. #Update #Crypto $USDC
New York Sues Polymarket for Illegal Gambling
New York Attorney General Letitia James is suing @Polymarket for allegedly violating state gambling laws with its prediction market contracts related to sporting events. #Breaking #Legal $POLY
Tokenized Deposits Enable Historic UK Interbank Transactions
UK’s largest banks have completed the world’s first interbank transactions using tokenized deposits, enhancing payment speed and security. Tokenized deposits could revolutionize digital money in the U.K. and beyond. #Update #Crypto $USDC
Stablecoin Adoption Boosted by Visa’s Fraud Protection
@Visa’s new report indicates that bank-level fraud protection could increase US interest in stablecoins for remittances, with adoption intent rising from 36% to 56% under secure conditions. #Update #Crypto $USDC