Palmer Luckey's Erebor becomes the first newly created bank to receive a national charter under the second Trump administration, launching with $635M in capital
Palmer Luckey's Erebor becomes the first newly created bank to receive a national charter under the second Trump administration, launching with $635M in capital
Erebor founder Palmer Luckey was one of the tech industry's early Trump supporters and is known for his penchant for Hawaiian shirts
The US OCC says banks can engage in some crypto activities, rescinding prior guidance that told them they should clear such activities with regulators first
The U.S. regulator overseeing national banks clarified Friday that banks can engage in some crypto activities …
Sources: Tether talked to several commodities trading firms about lending to them, as it hopes to face fewer regulatory restrictions than traditional lenders
Bloomberg :
An X post from US SEC Chair Gary Gensler says that the @SECGov's “twitter account was compromised”, and that the agency has not approved spot bitcoin ETFs
The X account of the U.S. Securities and Exchange Commission, which is deciding whether to approve bitcoin ETFs, “was compromised,” the regulator told CoinDesk.
An X post from US SEC Chair Gary Gensler says that the @SECGov's “twitter account was compromised”, and that the agency has not approved spot bitcoin ETFs
The X account of the U.S. Securities and Exchange Commission, which is deciding whether to approve bitcoin ETFs, “was compromised,” the regulator told CoinDesk.
Tether confirms resuming lending its stablecoins to clients, less than a year after committing to end such loans; $5.5B of its assets were loans as of June 30
Cryptocurrency issuer had said it would cut loans to zero in 2023 — Tether Holdings resumed lending out its own stablecoins to customers …
Tether confirms resuming lending its stablecoins to clients, less than a year after committing to end such loans; $5.5B of its assets were loans as of June 30
Cryptocurrency issuer had said it would cut loans to zero in 2023 — Tether Holdings resumed lending out its own stablecoins to customers …
Circle has $1B+ in cash and had $779M in revenue in H1 2023, compared to $772M for all of 2022; USDC in circulation has fallen to ~$26B from ~$45B in January
Yueqi Yang / Bloomberg :
Signature's and SVB's collapse was aided by GOP-led Dodd-Frank reforms that raised the “stress test” threshold from $50B to $250B, pushed for by SVB executives
Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.
Signature's and SVB's collapse was aided by GOP-led Dodd-Frank reforms that raised the “stress test” threshold from $50B to $250B, pushed for by SVB executives
Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or... https://twitter.com/... Bob Elliott / @bobeunlimited : Fed/FDIC decisions on SVB determine whether they r...
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
Programming note: Money Stuff was supposed to be off today, but: bank run! — SVB