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Coinbase said a Michigan couple closed on the first-ever conventional, Fannie Mae-backed home mortgage by pledging Bitcoin as collateral. This marks a major milestone for crypto adoption in traditional finance.
EdgeX is refunding users and offering a 200,000 USDC bounty after a 71% flash crash of its EDGE token. The crash was caused by a flood of sell orders during low liquidity on PancakeSwap.
A well-known crypto security pioneer has publicly stated that they now consider all of decentralized finance (DeFi) unsafe. This comes amid rising concerns about vulnerabilities and exploits in the space. The expert cited recent high-profile hacks as a major reason for their stance.
Coinbase has launched pre-IPO perpetual futures, starting with a SpaceX contract. The new product allows investors to trade with up to 5x leverage on private company shares, bringing traditional stock-like trading exposure to the crypto exchange.
US-listed spot Bitcoin ETFs saw $397 million in outflows on Wednesday, extending a 13-day red streak to $4.4 billion as Bitcoin has fallen about 21% since May 15.
Bitcoin's price dropped 21% after Strategy announced a debt buyback and paused Bitcoin purchases due to tighter liquidity conditions. The events have sparked comparisons to the Terra Luna collapse, raising fears of a doom loop, though key differences exist.
A House of Lords committee warns that strict stablecoin regulations could hinder the UK's crypto market growth, urging the BoE and FCA to revise their approach. The UK risks falling behind the U.S. and EU in this emerging sector.
Major payment companies Stripe, Visa, and Mastercard are reportedly backing a new stablecoin platform. Coinbase is also considering joining the initiative, which could make stablecoins more accessible to mainstream users.
Standard Chartered is on track to fully acquire Zodia Custody, with a signing targeted by the end of June and completion by the end of August. Julian Sawyer, CEO of Zodia, says every bank will soon need to hold digital assets to stay competitive.
The SEC has made digital assets a strategic priority through 2030, aiming to establish clearer rules for crypto, support tokenization, and create frameworks for staking and onchain markets. This plan could significantly impact how crypto businesses operate and innovate in the coming years.
New York and the European Union have agreed to share data on stablecoins, including issued coins, circulation volume, and holder numbers. This collaboration aims to enhance oversight and ensure compliance with financial regulations.
The Defend Developers PAC is a new political action committee focused on supporting lawmakers who advocate for protecting crypto developers from legal vulnerabilities. This move comes as elections approach, highlighting the growing influence of crypto in politics.
Mastercard now supports settlement in USDC, PYUSD, RLUSD, and other stablecoins across multiple blockchains. This move simplifies global payments by reducing reliance on traditional banking systems.
Payward, the parent company of Kraken, plans to let everyday investors buy shares in upcoming IPOs at the offering price using tokenized equities. This move could democratize access to high-profile stock debuts, which are typically dominated by institutional players.
JPMorgan CEO Jamie Dimon called Coinbase CEO Brian Armstrong 'full of s–t' during a Senate hearing, escalating tensions over crypto banking regulations. The clash highlights the growing divide between traditional finance and crypto industries.
Crypto companies without MiCA authorization must stop serving EU clients from July 1, even if their license applications are still under review. This marks the end of the grace period for compliance with the EU's Markets in Crypto-Assets Regulation.
Tanaka notes that while TradFi continues to pour money into AI infrastructure, crypto still has room to grow. The key question is whether crypto can carve a real wedge instead of just borrowing from AI trends.
Crypto-aligned political action committees (PACs) spent $3.5 million on ads to support candidates in three US states, helping nearly a dozen win their primaries or advance to the November election. This marks a significant push for crypto-friendly policies at the state level.
The Blockchain Association has sent a letter signed by 160 former security officials to the Senate, urging them to pass the Crypto Clarity Act. They are also hosting a virtual town hall to discuss the legislation.
Bitcoin's sudden drop to $65,000 caused over $1.8 billion in liquidations across the crypto market. Traders are now watching to see if $60,000 will hold as the next support level.