Stablecoins won’t get any kind of deposit insurance under GENIUS rules, says FDIC chief
The chairman of the U.S. Federal Deposit Insurance Corp. made clear that even pass-through deposit insurance won’t be allowed from third-party firms.
news
Crypto Long & Short: AI agents choosing denationalized money
In this week’s Crypto Long & Short Newsletter, Sylvia To on AI agents choosing denationalized money.
Wells Fargo signals deeper push into crypto, filing trademark for WFUSD
The move mirrors JPMorgan’s similar trademark filing that foreshadowed the bank’s introduction of tokenized deposits on Ethereum layer-2 network Base.
European Central Bank unveils tokenized finance plan to bolster EU’s financial autonomy
The Appia roadmap for a euro-based tokenized financial system is part of the European Union’s push to reduce reliance on foreign financial infrastructure.
Ripple to acquire Australian financial services license as APAC payments volume doubles
The company plans to obtain the license through the acquisition of BC Payments Australia, expanding its regulated footprint to over 75 licenses worldwide.
Bitcoin steady above $70,000 as IEA proposes largest-ever oil reserve release
The largest cryptocurrency gained 7% from Monday’s lows as energy price fears eased, with Asian equities rising 1.8% and Brent crude dropping below $90 for the first time since the war began.
XRP Ledger transactions jump to 2.7M as price stays rangebound
Traders are watching whether support near $1.34 holds after repeated rejection near $1.44.
Bitcoin traders bet on a rally above $80,000
Many traders expect bitcoin to recover toward the $80K level between June and September, Derive said.
Dogecoin zooms as Elon Musk announces X Money launch date for April
The payments app offers 6% yield on balances and peer-to-peer transfers inside X, competing directly with the same demand stablecoin products are targeting. No mention of dogecoin or any crypto functionality was included.
Ethereum’s on fire with record activity, but ether price and blockchain fees lag
Capital outflows, even as activity surges across Ethereum’s ecosystem, highlight the growing disconnect between usage growth and ETH’s market performance, a CryptoQuant report shows.