The U.S. Office of the Comptroller of the Currency is targeting November to finalize its principal regulations implementing the GENIUS Act, accelerating work on the federal framework that will govern payment stablecoin issuers as the law approaches its effective date. Comptroller of the Currency Jonathan Gould disclosed the timetable Wednesday at the Wyoming Blockchain Symposium,
Crypto exchange OKX has restricted employees in Hong Kong and staff traveling through China from using Anthropic’s Claude after its corporate account was temporarily suspended, even as the company spends between $6 million and $8 million every month across multiple artificial-intelligence models.The restriction followed a brief suspension of OKX’s corporate Anthropic account in early August,
President Donald Trump said the United States has discussed acquiring “sizable” amounts of Bitcoin and other cryptocurrencies, raising the prospect of direct government accumulation beyond the digital assets it already controls.Trump made the comments during an August 19 White House event attended by cryptocurrency executives and senior financial regulators. Asked whether his administration was considering
Bitcoin traders have dramatically increased their expectations that the cryptocurrency will reach $70,000 before the end of August after a sudden rally sent BTC up roughly 7% in about one hour on Wednesday. The probability of Bitcoin touching $70,000 during August climbed to approximately 72% on Polymarket during the rally, according to market data reported
Ethereum surged roughly 10% on Wednesday, August 19, breaking above $2,100 as a violent short squeeze swept through cryptocurrency derivatives markets and improving macroeconomic conditions triggered renewed demand for risk assets. Ether climbed from below $1,900 to above $2,100 during the session, reaching its highest level in months and decisively clearing the psychologically important $2,000
Grayscale has filed its fourth amended registration statement for the Grayscale Zcash Trust, advancing plans to move the existing investment vehicle from the over-the-counter market to NYSE Arca under the ticker ZCSH.The asset manager submitted Amendment No. 4 to its Form S-3 registration statement with the U.S. Securities and Exchange Commission on August 18. The
What Is The CFTC Planning For Hyperliquid? President Donald Trump said the Commodity Futures Trading Commission is working on a path that could bring Hyperliquid into the U.S. under federal regulation, sending fresh attention toward one of the largest onchain perpetual futures platforms.Speaking Wednesday at a White House gathering of technology, crypto and financial industry
How Do Nexo’s Australian Crypto Credit Lines Work? Nexo Australia has launched crypto-backed credit lines for eligible clients after becoming a credit representative under Australia’s National Consumer Credit Protection Act, expanding access to borrowing against digital assets without requiring customers to sell their holdings.The product allows users to borrow Australian dollars or stablecoins while using
Why Is Ripple Prime Raising More Capital? Ripple has raised $275 million through an upsized private placement of senior unsecured notes as the crypto company puts more capital behind its expansion into institutional clearing, financing and prime brokerage services in the U.S.The notes were issued by Ripple Prime, the company’s non-bank prime brokerage business. Proceeds
How Did The MAYAChain Exploit Happen? Maya Protocol halted trading on its MAYAChain network after a series of software bugs created a false balance in a liquidity pool, allowing an attacker to extract nearly $1.7 million while triggering losses of about $10.9 million across the network’s pools.The attacker obtained roughly 20 BTC, worth about $1.4