Latest developments: Digital credit products tied to Strategy’s bitcoin-backed ecosystem suffered steep declines last week before partially recovering. Strategy’s preferred stock funding vehicle STRC fell as low as $82.53 on Thursday before rebounding to roughly $90.50, according to Strive Chief Risk Officer Jeff Walton. Strive’s SATA dropped into the low $90 range before recovering to…
What she’s saying: Former 21Shares co-founder Ophelia Snyder argues that crypto and traditional finance are talking past each other when it comes to tokenization. Tokenization solves real problems around settlement rails and moving assets, Snyder said. The larger challenge is integrating blockchain-based assets with the systems banks, brokerages and asset managers already use. Existing discussions…
Thanks to the newly passed U.S. Senate housing affordability bill, the Federal Reserve may be heading toward a formal ban from instituting a digital dollar in the form of a central bank digital currency (CBDC), despite the fact the Fed wasn’t working on such a project. Republican politicians had embraced an aggressive opposition campaign against…
Latest developments: Edelman argues investor sentiment and industry fundamentals are moving in opposite directions. Bitcoin ETF investors have pulled billions from funds in recent days, while market fears have risen amid concerns about Mt. Gox wallet movements and regulatory uncertainty, Edelman said. Debate around the CLARITY Act has added to uncertainty, with lawmakers including Sen….
Market forecasts have ballooned in recent years. Citi has estimated tokenized assets could reach a $5 trillion market capitalization by 2030, while a report from Boston Consulting Group and Ripple projected a market worth $18.9 trillion by 2033. Patent battle over tokenization infrastructure At the center of the dispute are patents covering compliance systems for…
Against that backdrop, Ethlabs represents what supporters describe as a broader transition toward a “multi-node” development model, where independent organizations share responsibility for advancing the network rather than relying heavily on the Foundation. “We are now poised to recognize and implement the idea that there should be a number of steward nodes of Ethereum,” Joe…
Former New York Governor Andrew Cuomo is leading an OKX and New York Stock Exchange owner Intercontinental Exchange (ICE) joint venture to build infrastructure to bridge traditional and digital financial markets. “The ICE-OKX joint venture is a step towards building the infrastructure that will define how global markets operate in the decades ahead,” said Trabue…
The departures also come as the foundation has unveiled a new strategic framework known as “CROPS,” an acronym standing for cypherpunk values, resilience, open-source development, permissionlessness and security. Foundation leaders presented the framework as a way to clarify the EF’s mission and reinforce Ethereum’s core values as the ecosystem becomes increasingly decentralized. Supporters viewed it…
While the top focus of the industry remains the Digital Asset Market Clarity Act that would establish a full U.S. regulatory regime for crypto activity, its second priority has been on crypto taxation, which was the central thrust of a June 9 committee hearing discussing several bills, including the legislation from Carey, an Ohio Republican….
Federally chartered crypto bank Anchorage Digital is rolling out infrastructure that allows banks to issue tokenized deposits, joining a growing effort by financial institutions to bring traditional bank money onto blockchain networks. The bank said on Monday that its new platform will help banks to offer round-the-clock payments and settlement services using blockchain technology without…
