The Heartbeat of the Crypto World is Here!

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 […]

The South African Reserve Bank (SARB) has warned that the lack of comprehensive crypto regulations creates significant risks in the financial system, especially with the surge in stablecoin usage. This borderless digital asset growth could form blind spots in oversight, prompting calls for new rules by 2025 to manage cross-border flows and integrate digital assets […]

U.S. Bank is testing its own stablecoin on the Stellar blockchain, collaborating with PwC and the Stellar Development Foundation to explore blockchain as an alternative payment rail. This initiative highlights growing institutional interest in stablecoins following regulatory advancements like the GENIUS Act. U.S. Bank partners with PwC and Stellar Development Foundation for stablecoin testing on […]

TSMC has filed a lawsuit against former senior vice-president Lo Wei-jen, alleging he leaked confidential trade secrets to Intel, where he now serves as executive vice-president, potentially impacting the global semiconductor supply chain critical for AI and cryptocurrency technologies. TSMC accuses Lo of violating his non-compete agreement by sharing advanced chip development details with Intel […]

MoonPay has secured a New York Trust Charter, enabling the crypto payments firm to safeguard customers’ digital assets and facilitate over-the-counter trades. This regulatory milestone enhances compliance and security, bridging traditional finance with digital assets while expanding service offerings for global institutions. New York Trust Charter approval allows MoonPay to custody digital assets securely. The […]

Prediction markets credit risk arises as platforms like Polymarket and Kalshi expand, potentially leading to increased consumer debt and bad loans. Bank of America analysts highlight how easy access and gamified interfaces encourage impulsive wagers, mirroring gambling risks and impacting financial stability for retail users. Bank of America warns of rising credit risks from prediction […]