The European Banking Authority has floated barring EU crypto service providers from arranging or facilitating borrowing and lending involving stablecoins that lack authorization under the bloc’s Markets in Crypto-Assets regulation, or MiCA. In its …
DeFi Market
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Trump administration mulls weaponizing stablecoins to cement dollar’s dominance
by adminby adminInvestor confidence in stablecoins is tied to the issuer’s ability to redeem them for fiat currency at any time. To ensure that, stablecoin companies keep backup funds to secure their value. They hold actual …
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GameStop may have surrendered $31 million of Bitcoin upside with one options trade
by adminby adminGameStop’s Bitcoin options strategy faces a key test Friday as the cryptocurrency trades well above its disclosed $70,000 call strike. The company said in a Sept. 9 filing that covered-call contracts tied to roughly …
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Kalshi Teams With Louisiana Tribe on First Tribal Prediction Market App
by adminby adminDays after a federal appeals court found Kalshi’s sports contracts likely violate tribal gaming rules on two California rancherias, the company has unveiled a Tribal-owned prediction-market app with the Tunica-Biloxi Tribe of Louisiana, a …
Almost every large crypto token fell through the overnight sessions and into Thursday’s U.S. open, as an oil shock drove long-dated Treasury yields to multi-year highs and traders raised the odds of a Federal …
Cross-chain protocol Symbiosis said it recovered approximately 15 BTC after an attacker exploited its native Bitcoin Bridge, but affected liquidity providers still lack compensation terms as a Sep. 13 bounty window nears its unspecified …
The Swiss crypto financial services firm plans to move back-office functions to lower-cost international hubs as it expands its global wealth and asset management business, according to Finews.
Grayscale’s Zcash ETF (ZCSH) plans a 3-for-1 forward share split, according to a filing with the US Securities and Exchange Commission. At the close of trading on Sept. 28, shareholders will receive two extra …
Crypto Clarity Act barrels toward disappointment barring last-minute Senate turnaround
The White House countered the bankers’ concerns on Tuesday by posting economic data suggesting the worries are misguided. Jaret Seiberg, a policy analyst at TD Cowen, set the odds for a failure in the …
Robinhood Will Halt Michigan Sports Prediction Markets as State Fight Spreads Beyond Kalshi
Robinhood Derivatives has agreed to stop offering new sports event contracts to Michigan customers by September 9 and close outstanding positions by October 9. The deal leaves the core federal-preemption question unanswered, but extends …