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EU Parliament approves digital euro framework to counter US payments monopoly

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“Strengthening the solvency of Europe has become a geopolitical necessity,” Markus Ferber, a senior member of the ECON committee, said on Tuesday. “In a world marked by geopolitical tensions, we can no longer accept that digital payments are largely dependent on the goodwill of a few foreign providers,” he added, echoing concerns expressed across the […]

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Stablecoin issuer Agora hires former Robinhood Crypto COO Tanya Denisova as COO

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Tanya Denisova, the former CEO of Robinhood Crypto, has joined stablecoin issuer Agora as chief operating officer, according to a Tuesday blog post by Agora CEO and co-founder Nick van Eck. She will also serve as COO of Agora’s proposed National Trust Bank, subject to approval of the company’s national trust charter application with the

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In the Clarity Act’s final weeks, its path through the U.S. Senate didn’t get much clearer

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“We keep hearing that there are other competing priorities in the Senate, and while that may be true, everyone is still prioritizing this, and that’s why you see readings every day of different Senate groups coming together, Republicans and Democrats sitting over lunch talking about clarity,” Carbone said. Lamb duck? The period of congressional session

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Meta develops prediction market app called ‘Arena’ as sector booms: NEW

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Meta ( META ), the parent company of Facebook, is developing a new app called “Arena” that mirrors a prediction market platform, according to people familiar with the matter who spoke to the New York Times. The product would allow users to make predictions about future events, ranging from politics and sports to entertainment and

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Bitcoin’s June drop below $60,000 highlights new institutional headwinds: Deutsche Bank

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Bitcoins BTC$62,441.22 falling below $60,000 on June 5, its lowest level since late 2024, reflects a convergence of macroeconomic and structural pressures, according to Deutsche Bank (DB), which said BTC is increasingly trading as an institutional risk asset rather than a retail-driven speculative bet. The investment bank said bitcoin’s renewed selloff was driven by a

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BNY sees ‘FOMO’ driving asset managers into tokenized funds

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But Slavin said companies seem reluctant to wait. “Even though the rules and rails aren’t quite clear yet, they want to get products out,” he said. Wall Street believes that blockchain networks could eventually become a new distribution channel for traditional investment products. Tokenized funds could allow investors to hold and transfer fund shares around

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Chainlink teams up with 47 South Korean, European banks to speed up international money transfers

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Project Pangea is designed to work with existing Swift and ISO 20022 banking standards, allowing traditional financial institutions to connect to blockchain-based settlement rails without replacing their payment infrastructure. Not a Ripple rival Some industry observers may see the project as a challenge to Ripple’s decades-long push for institutional cross-border settlement, but Chainlink insists its

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Vitalik Buterin says Ethereum Foundation will cut budget by 40% in major reset

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The Ethereum Foundation (EF) will cut its budget by around 40% this year as part of a shift towards a leaner, endowment-like operating model, Ethereum co-founder Vitalik Buterin said in a blog post published on Tuesday. The reduction comes on the same day that EF confirmed a 20% reduction in staff and follows the departure

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Foundation cuts 20% of staff due to management exodus

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The Ethereum Foundation is cutting about 20% of its workforce, eliminating 54 positions as part of a broad restructuring that comes amid sustained senior management turnover and growing fragmentation across the broader Ethereum ecosystem. The layoffs, announced Tuesday in a blog post, conclude a months-long internal reorganization tied to the implementation of the foundation’s updated

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