UK FCA-registered BCP launches British pound stablecoin
BCP Technologies CEO says its new British pound-backed stablecoin tGBP might be considered a “live proof-of-concept for future FCA stablecoin regulation.”...
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USDC Issuer Circle Now Targets $7.2 Billion Valuation In Major US IPO
Circle, the issuer of the second largest stablecoin by market cap, USDC, announced on Monday that it has increased the expected price range for its upcoming initial public offering (IPO). According to Reuters, the new price range has been adjusted from the previously announced $24 to $26 per share...
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APT rises 5% after Aptos CEO gets invited to testify in front of U.S. Congress
Aptos Labs CEO Avery Ching is scheduled to testify at a congress hearing about digital assets with the House Committee on Agriculture tomorrow. After the news broke, APT rose by nearly 5%. In a recent post, Ching stated that he…...
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SEC Puts Ethereum and Solana ETF Plans on Hold Over Compliance Worries
The U.S. Securities and Exchange Commission is once again putting the brakes on new crypto ETF proposals. This time, it’s calling out two funds tied to Ethereum and Solana ETFs that were set to offer investors access to staking rewards. The products come from REX Shares and Osprey Funds,...
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Sberbank Russia’s Largest Bank Launches Bitcoin-Linked Bonds
Russia’s biggest bank, Sberbank, just did something most people probably didn’t see coming. They launched a structured bond that links investor payouts directly to how well Bitcoin performs, along with the strength of the US dollar against the Russian ruble. It’s the kind of move that would have raised...
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Robinhood Completes $200 Million Bitstamp Deal, Gains Access To 500K+ Crypto Users And $95 Million Revenue Stream
Robinhood Markets Inc. (NASDAQ:HOOD) on Monday completed its $200 million acquisition of Bitstamp Ltd., one of the longest-running global exchanges facilitating Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: BTC) and other cryptocurrency trading for both retail and institutional investors. What Happened: The deal brings Bitstamp’s over 50 active global licenses and...
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Ethereum eyes move to $3,000 as bullish technical patterns emerge
Ethereum could rally as high as $3,000 in the coming weeks as bullish technicals have emerged amid retail and institutional demand. According to data from crypto.news, Ethereum (ETH) jumped 6.5% to an intraday high of $2,644 on June 3 (Asian…...
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XRP struggles near support as XRP investment products record second week of outflows
XRP is hovering near a key support level as data shows institutional sentiment is beginning to cool off. According to a June 2 weekly report from CoinShares, XRP-focused investment products recorded their second consecutive week of outflows after losing a…...
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Ethereum foundation slashes core team amid ongoing reorganization
The Ethereum foundation has announced a shakeup of its internal structure, including the rebrand of its research and development team. A June 2 release by the Ethereum Foundation has outlined a strategic restructuring of its core development team. The reorganization…...
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BCB Strikes Deal with SocGen–FORGE to Distribute Euro-Pegged Stablecoin EURCV
BCB Markets, the trading arm of crypto payments firm BCB Group, has inked an agreement with Societe Generale–FORGE to distribute EURCoinVertible (EURCV), a euro-linked stablecoin developed by the French banking giant’s digital asset subsidiary, the company said in a press release on Tuesday. The move marks another step toward...
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