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The JPMorgan crypto debanking controversy erupted when Strike CEO Jack Mallers accused the bank of closing his account and blocking customer deposits, citing alleged fraudulent activities. This incident reignites debates on “Operation Chokepoint 2.0,” where financial institutions restrict crypto firms, potentially driving innovation overseas. Senator Cynthia Lummis criticized the move as harmful to U.S. digital […]
Reliance Global Group has shifted its entire digital asset portfolio to Zcash (ZEC), liquidating holdings in Bitcoin, Ethereum, Cardano, and XRP as of November 25, 2025. This strategic pivot emphasizes Zcash’s privacy features and long-term institutional value, aligning with the company’s treasury goals for enhanced security and compliance. Reliance’s full consolidation into Zcash marks a […]
XRP Open Interest on Binance has declined to $504 million, the lowest since November 2024, due to reduced trader participation and negative funding rates signaling bearish sentiment. This drop from $1.7 billion reflects liquidity outflows and limited buyer activity amid weakening prices around $2. XRP Open Interest plummeted from $1.7 billion to $504 million on […]
The US Commodity Futures Trading Commission (CFTC) has opened nominations for its new CEO Innovation Council to guide policies on cryptocurrency, digital assets, and prediction markets. Acting Chair Caroline Pham seeks industry leaders to shape regulations and foster innovation in these emerging sectors, with submissions due by December 8. CFTC’s CEO Innovation Council will focus […]
The Bitwise Dogecoin ETF (BWOW) has received certification from NYSE Arca, paving the way for investors to trade this spot fund tracking the leading meme coin. Custodied by Coinbase Custody Trust, BWOW offers direct exposure to Dogecoin without needing to hold the asset directly, following recent approvals in the altcoin ETF space. NYSE Arca Approval: […]
Kevin Hassett emerges as the leading candidate for the next Federal Reserve chair, favored by President Trump for his support of aggressive interest-rate cuts that could boost cryptocurrency markets by easing monetary policy and encouraging investment in digital assets. Trump prioritizes candidates aligned with lower interest rates, viewing Hassett’s stance as key to stimulating economic […]
Klarna is launching Klarna USD, a fully backed U.S. dollar stablecoin on the Tempo blockchain, to integrate into its buy-now-pay-later ecosystem for over 150 million users, amid intensifying competition in digital payments. Klarna USD stablecoin will be redeemable at par with full dollar reserves. The launch targets Klarna’s global user base in the BNPL sector […]
Dunamu, operator of South Korea’s leading crypto exchange Upbit, faces a $25 million fine from the Financial Intelligence Unit (FIU) for anti-money laundering violations, including inadequate customer due diligence in over 5.3 million cases and unreported suspicious transactions. The FIU imposed a 35.2 billion won penalty on Upbit, along with a three-month suspension on new […]
Ondo Finance recently acquired $25 million in YLDS, a yield-bearing stablecoin from Figure Technology Solutions, to bolster its OUSG product’s yield sources. This move diversifies the portfolio, which includes tokenized Treasuries from major managers like BlackRock and Fidelity, enhancing stability and returns for investors seeking U.S. government exposure. Ondo Finance’s $25 million YLDS purchase strengthens […]