Key Takeaways MemeCore [M], Stellar [XLM], and Mog Coin [MOG] led the week with sharp price surges. In contrast, Jito [JTO], Tokenize Xchange [TKX], and Maple Finance [SYRUP] saw significant declines. This week in crypto saw many firsts. As Bitcoin [BTC] broke past its $111k resistance for the first time, reaching a new all-time high, the broader market followed suit …
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Crypto companies race to secure banking foothold in US Financial Times Crypto Renaissance Means It’s Time to Protect Banks Bloomberg Crypto firms move toward mainstream banking amid U.S. regulation shift: FT (CRCL:NYSE) Seeking Alpha ICBA Warns OCC on Risks as Crypto Firms Seek Bank Charters CU Today Crypto companies race to get banking foothold in US MSN Source link
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Key Takeaways MoonPay got hit by a high-profile scam targeting its CEO and CFO, despite its recent expansion into all 50 U.S. states, highlighting the other side of crypto adoption. An elaborate online scam recently tricked two top MoonPay executives into losing over $250,000, according to a U.S. Department of Justice filing. The filing states that the scam involved 40,350 …
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The political division in the US Congress over digital assets seems to be deepening as top Democrats in the House of Representatives have announced their agenda following Republicans’ push to address three crypto-related bills starting on Monday. In a Friday notice, House Financial Services Committee ranking member Maxine Waters and the digital assets subcommittee ranking member Stephen Lynch said they …
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U.S. lawmakers may actually get a crypto bill to the president’s desk. The House is set to vote on market structure and stablecoin legislation next week, bringing the U.S. a vital step closer to drafting new rules for the industry. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign …
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Key takeaways BNB chain burnt 1.59 million tokens and has removed over 30% of the supply since 2022. But is it enough to push the BNB price to $800? BNB chain has burned 1,595,599.78 Binance [BNB] tokens worth $1 billion as part of its quarterly disinflation program. Per the network, this was the 32nd burn, and over 60.7 million tokens …
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In brief Bitcoin hit new highs on Thursday and Friday. Coinbase, major miners, and a number of Nasdaq-listed crypto companies also shot up. BlackRock’s spot Bitcoin exchange-traded fund hit a record high during the week. The share prices of crypto-focused companies jumped this week amid the wider market upturn that sent Bitcoin to multiple all-time highs and despite a lull …
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In brief House Democrats are split on how to approach several votes on crypto legislation set for next week. Some are intent on vocally tying the bills to President Trump’s personal crypto ventures and perceived conflicts of interest. Other Democrats are likely to support the legislation, but in lesser numbers than last year, when a similar bill passed the House. …
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