State Street Selects Taurus for Crypto Custody, Tokenization
The bank will start with tokenization and plans to offer digital asset custody once the U.S. regulatory environment improves.
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Risks Are Skewed to a Weaker Nonfarm Payrolls Print, ING Says
A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin.
Biden Dropout Chances Rise to 68% After Covid Diagnosis
President Joe Biden said during an interview that if a medical condition emerged, he’d consider dropping out of the race.
Trump Odds on Polymarket Hit Another All-Time High After Vance VP Pick
Traders on the crypto-based prediction market now see a 72% chance the former president will retake the White House.
Kraken Co-Founder Jesse Powell Donates $1M, Mostly Ether, to Donald Trump
Powell said he is supporting the only major pro-crypto party candidate.
SEC Ends Probe Into Consensys, Won’t Sue Over Ethereum
The U.S. regulator closed its investigation into “Ethereum 2.0,” Consensys said.
Meme Coins and Macro: U.S. Credit Card Holders Most Stressed Since 2012
The percentage of credit card loans outstanding for over 90 days has increased to the highest since 2012, a signal that speculative activity may ease off.
FTX Victims View Bankruptcy Process as ‘Second Act of Theft,’ File to Recover $8B in Forfeited Assets
FTX’s victims are seeking a court hearing to rule on their claim that all the failed crypto exchange’s forfeited assets, about $8 billion, belong to its customers, not the bankruptcy estate.
White House Expected to Nominate CFTC Commissioners to FDIC, Treasury Roles: Reports
The White House is expected to nominate Commissioner Christy Goldsmith Romero as the next Federal Deposit Insurance Corporation Chair media outlets have reported.
Fed Should Cut Interest Rate as Restrictive Stance Adds to Inflation, Democrats Say
Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said.