UNDER EMBARGO UNTIL JANUARY 29 AT 10 GST The Central Bank of the United Arab Emirates (CBUAE) has approved the country’s first USD-backed stablecoin under the bank’s Payment Token Services Regulation (PTSR), according to a press release on Thursday. The issuance and management of the USDU token is handled by Universal Digital, which is regulated […]
The UAE’s central bank has approved a USD-backed stablecoin Read More »
Bitcoin fell to the $88,000 level on Thursday as a rebound in the US dollar and continued strength in commodities kept crypto trading on the back burner, a day after the Federal Reserve kept interest rates steady. Bitcoin fell below $88,500 on Thursday after briefly trading above $89,000 earlier in the session, extending a choppy
Bitcoin traders warn of downside as gold rally continues Read More »
The Securities and Exchange Commission is pushing back against a growing market for “tokenized stocks,” which look like stocks, trade like stocks but don’t actually provide ownership, issuing new guidance that puts third-party synthetic stock products squarely under traditional securities and derivatives rules. In a joint statement, the SEC’s Divisions of Corporation Finance, Investment Management,
The SEC clarifies rules for tokenized shares and tightens controls on synthetic equity Read More »
Welcome to our institutional newsletter, Crypto Long & Short. This week: Marcin Kazmierczak on risk assessments and how they are central to capital being deployed in the chain Andy Baehr says Bitcoin has something to do Top headlines institutions should be aware of by Francisco Rodrigues “The silver rush becomes hyperliquid” in the Chart of
Risk Assessments: DeFi’s Maturity Test Read More »
MegaETH, the much-watched high-performance Ethereum layer-2 network, announced that its public mainnet will go live on February 9, marking a major milestone for a project that has gained a lot of attention in the scaling landscape. MegaETH positions itself as a “real-time” blockchain for Ethereum, designed to deliver ultra-low latency and massive transaction throughput. The
Coinbase (COIN) has rolled out its new prediction market platform to US users, enabling them to trade on the outcomes of real-world events, including elections, sports, collectibles and economic indicators. The platform, announced in December, is built in partnership with Kalshi, a US-regulated prediction market operator recently valued at $11 billion. Kalshi offers event-based contracts
The Federal Reserve kept interest rates steady on Wednesday, a decision that capped a sharp reversal in market expectations that had once favored an early rate cut in 2026. “Job growth has remained low and unemployment has shown some signs of stabilization,” the central bank said in its policy statement. “Inflation is still somewhat elevated.”
The FOMC keeps rates on hold as expected Read More »
With an additional $25 million from Ripple and $24 million from Andreessen Horowitz (a16z), the crypto industry’s leading campaign finance fund, Fairshake political action committee, is gathering unprecedented firepower for this year’s midterm congressional elections. The crypto super PAC that exploded onto the scene in the last political cycle is set to report that it
Crypto political power is left with $193 million in Fairshake, thanks to new cash Read More »
Optimism’s management has approved a proposal that ties the OP token more closely to Superchain’s financial performance, marking a notable shift in how one of Ethereum’s largest layer 2 ecosystems approaches token value and revenue use. The proposal was adopted with 84.4% of votes in favor, according to Optimism’s onchain governance portal after several days
Optimism Management Approves OP Token Buyback Plan Linked to Super Chain Revenue Read More »
The World Network (formerly Worldcoin) WLD token surged more than 27% on Wednesday after a Forbes report linked the controversial crypto project to OpenAI’s broader efforts to fight bots online. OpenAI CEO Sam Altman wants to build a “biometric social network” to help online platforms verify users and weed out AI-generated accounts, Forbes reported, citing
