Dogecoin traded quietly after the Federal Reserve delivered a widely anticipated rate cut, holding key support as traders assessed what easier policy means for risk assets. News Background The Federal Reserve announced a 25-basis-point cut to its benchmark rate on Wednesday, lowering the target range to 3.5%–3.75%. While the move marked the third cut of…
U.S.-listed cryptocurrency exchange Coinbase (COIN) has unleashed the latest version of its stablecoin-based payments protocol for AI agents, making it easier to extend and plug in the autonomous payments system, the exchange said in a blogpost Thursday. The snappily titled x402 V2 moves the AI agentic payments tool on from asking “So what does it…
U.S. Commodity Futures Trading Commission Acting Chairman Caroline Pham has moved again to advance President Donald Trump’s crypto agenda by eliminating old guidance on “actual delivery” of crypto commodities that she suggested might get in the way of the next steps. “Eliminating outdated and overly complex guidance that penalizes the crypto industry and stifles innovation…
The crypto sector has been freed from its annual reference in the Financial Stability Oversight Council’s litany of financial risks posed to the U.S. system, though it’s not unique in that, because the report has effectively removed much of its focus on “vulnerabilities” to the financial system. The FSOC, established after the 2008 mortgage meltdown…
NEW YORK — Terraform Labs co-founder Do Kwon was sentenced to 15 years in prison on Wednesday for his role in a massive fraud that saw roughly $50 billion wiped from the crypto ecosystem over the course of just three days in May 2022. The sentence, handed down by District Judge Paul Engelmeyer of the…
The U.S. Commodity Futures Trading Commission issued no-action letters to the operators of prediction markets platforms Polymarket, PredictIt, Gemini and LedgerX/MIAX on Thursday, announcing that the companies did not have to meet certain recordkeeping demands as long as they meet other specified requirements, and that the companies might be able to clear contracts through a…
Bitcoin BTC$93,087.73 clawed back to $93,000 on Thursday as traders digested the Fed decision, but altcoins mostly didn’t join in the bounce. Slipping to $89,000 after the Federal Reserve’s Wednesday rate cut and a sharply lower open for U.S. stocks, bitcoin recently was trading at $93,000, up marginally over the past 24 hours. Altcoins mostly…
Chainlink’s LINK token fell nearly 5% over the past 24 hours to $13.74 on Thursday, reversing early gains despite a major announcement from Coinbase. Earlier in the day, Coinbase revealed it had selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to power a new bridge connecting its $7 billion in wrapped assets, including cbETH, cbBTC and cbDOGE….
Both the U.S. Commodity Futures Trading Commission and the Federal Deposit Insurance Corp. will have significant reach into supervising the U.S. crypto sector, and President Donald Trump’s nominees to be their chairman have been crawling through a Senate confirmation process that’s close to its end — though the Senate likely remains days away from actually…
Led by President Nayib Bukele, El Salvador, the first country to make bitcoin legal tender, is now looking to position itself at the forefront of artificial intelligence, teaming with Elon Musk’s xAI to launch the world’s first national AI-powered public education system. The government will deploy xAI’s Grok chatbot to more than 5,000 public schools…
