Stripe's stablecoin arm Bridge applies to the OCC for a US national trust bank charter, joining Circle, Paxos, Ripple, and Coinbase in seeking federal oversight
Vince Dioquino / Decrypt :
Elon Musk says that Apple “makes it impossible for any AI company besides OpenAI” to top its App Store, an “antitrust violation”, and xAI will take legal action
This is a column about AI. My boyfriend works at Anthropic. Becca Monaghan / indy100 : Elon Musk has dropped the Trump feud for now - he's falling out with another CEO instead Forbes : Elon Musk Says...
Texas becomes the third US state to approve a public crypto reserve, which can buy assets with a $500B+ market cap over 24 months, limiting it to BTC for now
Vince Dioquino / Decrypt :
President Trump names Bitcoin, Ethereum, XRP, Solana, and Cardano as assets to be included in a strategic US crypto reserve, causing significant price surges
Crypto Braced For Another Trump Shock After Bitcoin, XRP, Solana And Cardano Price Boom CoinDesk : Here Is What Crypto Leaders Are Saying About Trump's Crypto Reserve Plans Matthew Gault / Gizmodo : C...
El Salvador plans to scale back its bitcoin efforts under an IMF deal for a $1.4B loan; bitcoin acceptance will no longer be mandatory for the private sector
Vince Dioquino / Decrypt :
Coinbase reports Q2 revenue up 105% YoY to $1.45B, vs. $1.39B est., a $36.2M net income, and forecasts subscription and services Q3 revenue below expectations
Q2 was a quarter of strong progress for Coinbase and the crypto industry. PYMNTS.com : Corporate America Moving On-Chain and Regulatory Clarity Propel Coinbase Earnings Mat Di Salvo / Decrypt : Coinba...
Sources: Bakkt, Intercontinental Exchange's digital-asset marketplace launched in 2018, explores a sale, after issuing a “going concern” warning earlier in 2024
Report Martin Peers / The Information : Apple and Musk to Dominate News Next Week Vince Dioquino / Crypto Briefing : Bakkt explores potential sale or breakup amid surge in crypto M&A activity Denis Om...
Farcaster, an Ethereum-based social media project, raised $150M led by Paradigm, with participation from a16z and others, and reports “350,000 paid sign-ups”
Since going permissionless last October, Farcaster has seen 350,000 paid sign-ups … Sage D. Young / Unchained : Decentralized Social Network Farcaster Raises $150 Million in a Series A Round Amanda Si...
Andreessen Horowitz raised $7.2B, including $600M for American Dynamism, $3.75B for late-stage startups, and $600M for gaming, exceeding its target by ~4%
I am pleased to announce that we have just raised $7.2B … TechCrunch : Andreessen Horowitz's $7.2B new funds for a ‘new era’ Giuseppe Ciccomascolo / CCN.com : AI Investment from Andreessen Horowitz to...
In a letter to two US Senators, Circle denies a report alleging the company helped fund Hamas and Hezbollah and has an “ongoing relationship” with Justin Sun
Circle Chief Strategy Officer Bennett Tomlin / Protos : Circle emphasizes that Justin Sun is not sanctioned... yet Chayanika Deka / CryptoPotato : USDC Stablecoin Issuer Circle Rejects Accusations of ...