The US Treasury and IRS issue guidance allowing Wall Street crypto products to offer staking rewards under a new safe harbor, easing institutional participation
Sander Lutz / Decrypt :
Trump Media reports Q3 net sales down 3.8% YoY to $972.9K and a net loss of $55M, up from $19M in Q3 2024; its stock is down 70% from a January high
And Is On Track To Lose Far More Daniel Kuhn / The Block : Trump Media posts third straight loss as SPAC legal fees mount, CRO holdings rise Sander Lutz / Decrypt : Buying Billions in Bitcoin Couldn't...
The US Federal Reserve withdraws guidance requiring banks to seek regulatory approval before engaging in crypto-related activities, joining the FDIC and OCC
Michael Saylor crypto.news : Federal Reserve withdraws restrictive crypto guidance for banks Troy Watson / ZyCrypto : Federal Reserve Reverses Debanking Policies, Banks May No Longer Need Approval to ...
Donald Trump picks Howard Lutnick, CEO of Cantor Fitzgerald, which has been a custodian for stablecoin company Tether since 2021, to serve as Commerce Secretary
a sign of crypto's new political clout Dan Alexander / Forbes : ‘The Most Hated Guy On Wall Street’: The Unspoken Story Around Howard Lutnick, Trump's Pick For Commerce Secretary Wall Street Journal :...
Telegram partners with Tether to let the messaging app's ~900M users send USDT to each other through The Open Network blockchain
Pavel Durov, CEO of TelegramPaolo Ardoino, CEO of Tether Tether : Tether Tokens (USD₮ and XAU₮) Launch on The Open Network (TON) Krisztian Sandor / CoinDesk : Tether Seeks to Boost Peer-to-Peer Paymen...
A Montenegro appeals court cancels the approval of Do Kwon's extradition to the US, the third time the Terraform Labs co-founder has successfully appealed
For Now Sander Lutz / Decrypt : LUNA Pumps 77% as Do Kwon Evades Extradition—But the Gains Are Fading Brenda Ngari / ZyCrypto : Terra Creator Do Kwon Avoids Extradition To United States — Again Casey ...
Chainalysis says some recent media reports about the supposed use of crypto by terrorist organizations might be overstating metrics and using “flawed analyses”
But It's Deadly Hannah Lang / Reuters : US lawmakers urge White House crack down on Hamas use of crypto after Israel attack Assad Jafri / CryptoSlate : Chainalysis says crypto usage for terror financi...
Coinbase apologizes for its newsletter calling Pepe the Frog a “hate symbol”, saying its overview “did not provide the whole picture of the history of the meme”
Coinbase CLO responds to outrage after exchange associated Pepe with hate groups Naga Avan-Nomayo / Ethereum World News : Memecoin Army Extracts Coinbase Apology After Botched Pepe Newsletter Ben Weis...
Bitcoin fell to under $18K on Saturday, below its $19,511 high during its 2017 bull cycle, as ether dropped below $1K; both are down 70%+ since November 2021
what this means Robert Reich / The Guardian : The Crypto Crash: all Ponzi schemes topple eventually Hudson Lockett / Financial Times : Celsius warns it will ‘take time’ to stabilise as bitcoin hovers ...