One of Bitcoin’s onchain demand indicators turns negative again after a brief August rebound, as BTC price slipped below $77,000 amid a broader bond and equities sell-off. Source: Cointelegraph
Officials in the G20, under the US’ presidency, recognized that digital assets could support “broad-based economic growth” and called for improvements in cross-border transactions. Source: Cointelegraph
The Securities and Exchange Commission has proposed the first comprehensive overhaul of transfer agent regulations in over forty years to modernize oversight of the entities managing share ownership and recordkeeping. The newly introduced rules aim to address the digital transformation of financial markets by formally acknowledging and accommodating blockchain technology and digital assets. By updating these outdated standards, the regulatory body seeks to enhance cybersecurity, streamline operations, and bolster investor protection across both traditional and emerging decentralized financial systems. This significant step reflects the financial sector's evolving landscape, balancing technological innovation with necessary regulatory safeguards.
Prediction market platform Kalshi has issued its first-ever lifetime ban against a Republican politician following allegations of insider betting. The unprecedented disciplinary action highlights growing regulatory scrutiny and ethical concerns surrounding political figures participating in financial speculation on election outcomes and legislative events. By barring the individual, Kalshi aims to protect the integrity of its platform and maintain public trust in prediction markets. This landmark decision sets a strict precedent for politicians attempting to leverage non-public information for personal financial gain.
A coalition of twenty-one major financial institutions, including Wall Street giants Bank of America, Citigroup, and Goldman Sachs, is planning to launch a new stablecoin network. This groundbreaking initiative aims to modernize traditional payment systems and enhance the speed and efficiency of cross-border transactions using blockchain technology. By bridging the gap between legacy banking and digital assets, these top-tier firms hope to establish a secure and regulated digital currency ecosystem. The collaborative effort highlights a significant shift as traditional finance increasingly embraces cryptocurrency infrastructure to meet growing market demands for instantaneous settlement.
The self-custodial app brings USDe into everyday payments, savings and cross-border transfers, with annualized rewards of up to 6%. Source: Cointelegraph
Global bond yields hit multi-decade highs today as Japan’s 10-year JGB yield reached a 30-year peak, keeping Bitcoin steady near $78,000. Source: Cointelegraph
RevStealer targets more than 50 crypto wallets alongside browser passwords, cookies, messaging data and selected documents. Source: Cointelegraph
Crypto is showing signs of life again, but its biggest wins look different from what early believers imagined. After a decade of building, has it all been worth it? Source: Cointelegraph
Ripple was among the latest blockchain companies to sign a strategic partnership to build more custody and tokenized asset management solutions for Asian institutional participants. Source: Cointelegraph