The U.S. cryptocurrency industry has flexed its campaign-finance might to help dethrone veteran incumbents and elevate new allies in Texas and other states as the congressional midterm season approaches full velocity, though the arrival of new political action committees may put the sector’s meticulous bipartisanship in question. Fairshake is still an unrivaled channel for millions…
Elon Musk could soon control one of the largest corporate bitcoin BTC$75,162.89 holdings in public markets if Tesla and SpaceX ultimately merge, according to reports surrounding ongoing internal discussions about combining the companies. CNBC reported Tuesday that Musk has discussed with colleagues the possibility of folding Tesla and SpaceX together, citing people familiar with the…
A forty-year-old Texas bank is stepping onto the national stage to challenge Wall Street’s push to get a grip on the digital asset industry. United Texas Bank (UTB) secured approval from the Office of the Comptroller of the Currency (OCC) to convert from a state-chartered financial institution into a nationally chartered bank on May 15,…
A major experiment led by the Bank for International Settlements (BIS) found that tokenization could help fix some of the biggest pain points in cross-border payments, from slow settlement times to costly reconciliation between banks. Project Agorá, a joint effort between the BIS, seven central banks and more than 40 private financial institutions, concluded that…
Welcome to our institutional newsletter, Crypto Long & Short. This week: Ravi Tanuku on how the GENIUS Act repriced bitcoin’s monetary premium Jesper Johansen on looped ETH staking without lending market exposure Top headlines institutions should pay attention to by Francisco Rodrigues “NEAR Intents fee run-rate holds as price recovers off $1 lows” in Chart…
Robinhood (HOOD) is giving retail traders a new way to automate investing: letting artificial intelligence make decisions and place trades on their behalf. Customers can now connect third-party AI agents to Robinhood accounts to manage trading activity and even complete purchases through virtual credit cards, Robinhood announced Wednesday. The rollout includes two products, Agentic Trading…
Orca, one of the biggest decentralized exchanges on Solana, is launching new infrastructure aimed at bringing regulated real-world assets onchain, as crypto firms push deeper into tokenized stocks, commodities and other traditional financial products. The Solana-based platform said Wednesday it had rolled out “permissioned pools,” a system that allows only approved investors to trade certain…
A market dynamic that characterized the steep bitcoin BTC$75,716.17 and crypto market selloff early this year is making a comeback: Traders are again preferring dollars over the largest cryptocurrency. This is evident from trends in their respective dominance rates, a measure of a cryptocurrency’s share in the total market value of the digital asset market….
Crypto exchange HTX rejected U.K. claims it helped Russia’s “illicit financial infrastructure” used for moving funds and sustaining the country’s war in Ukraine, saying it refused a listing application from the A7A5 ruble stablecoin. “A7A5 was trying to list their stablecoin. However, following our rigorous internal due diligence and compliance review processes, their application was…
Bitcoin’s three-month uptrend against gold seems to have ended, as ETF flows shift toward gold and other precious metals. That’s evident from the bitcoin-to-gold ratio, which measures the per-coin dollar price of BTC against the per-ounce dollar price of gold. This is the chart that tells you which “store of value” investors actually prefer at…
