Key Takeaways Defillama data shows stablecoin capitalization fell $12.73 billion since May 22. USDC shed $4.69 billion in 30 days, accounting for most of the tracked stablecoin contraction. Blackrock’s BUIDL and other tokenized Treasury products complicate crypto’s liquidity narrative. Stablecoin Supply Retreats as Traders Question Crypto’s Buying Power Traders are reconsidering how much buying power…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Stellar Philippines has approved $95,000 in grant capital across 19 domestic development teams building financial tools, developer infrastructure and artificial intelligence applications on the Stellar network. The funding is disbursed through the Stellar Instawards program,…
Key Takeaways Wadsworth received 51 months in prison and owes $810,965.19 in restitution. Unauthorized Stripe payments initially generated more than $730,000. Bank transfers funded Coinbase bitcoin purchases sent to co-conspirators. Unauthorized Card Payments Funded Bitcoin Transfers A scheme that converted unauthorized card payments into bitcoin has resulted in a 51-month federal prison sentence. The Department…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Sen. Bam Aquino and Mamamayang Liberal Party-list Rep. Leila de Lima have renewed calls for the House of Representatives to approve the CADENA Act, a legislative measure designed to track national government expenditures on an…
Key Takeaways DFPI opposed the SEC proposal in a comment letter to the agency. Proposed exemptions would permit qualifying raises up to $75 million. States would retain authority to investigate securities fraud. California Warns of Weaker Investment Screening Investors could lose a layer of protection against risky crypto offerings under a federal proposal, California’s financial…
Key Takeaways Reports say JPMorgan, Citi and other major banks are restricting unauthorized AI agents from accessing customer accounts. Binance founder Changpeng Zhao argues that crypto will become a preferred payment system for AI agents. Bitcoin.com News Token Narratives co-host David Sencil warns that aging banking systems could face cyberattacks dwarfing crypto’s losses. Banks Block…
Key Takeaways The registration request covers up to 5,218,935 shares for Cantor’s resale. Potential funding depends on share prices and use of the facility. Evernorth agreed to a $521,893.50 nonrefundable upfront commitment fee. Cantor Deal Could Support More XRP Purchases Additional funding for XRP purchases could come through a share-sale arrangement that Evernorth Holdings Inc….
Key Takeaways Bitcoin ETFs lost $137.94M on Friday after $1B+ of early-week inflows reversed sharply. Ether returned to modest inflows, while zcash extended its rebound with $20.52M. The week showed that institutional crypto demand remains active but highly tactical and selective. Bitcoin ETFs Swing From Inflows to Selling Bitcoin ETF demand ended the week on…
Key Takeaways Peter Schiff warns of further trouble if bitcoin fails to hold $75K. ETF investors face weekend limits on selling their shares. U.S. spot bitcoin ETFs lost $635.49 million in a single day of withdrawals. Peter Schiff Flags $75K After Bitcoin Breaks Below $80K Bitcoin could test $75,000 after losing the $80,000 threshold, economist…
Key Takeaways Hyperliquid’s HYPE trades 22% below its September record despite commanding $11 billion in open interest. Hyperliquid’s RWA perpetuals market share has fallen from approximately 80% to 26%. HYPE buybacks face mounting pressure from token unlocks, declining volumes and rival exchanges. Hyperliquid Still Rules Perpetual Trading, but HYPE’s Crown Is Slipping Hyperliquid has a…
