Institutional
Institutional

Jack Dorsey’s Block Becomes Latest Bitcoin-Focused Company To Apply for Banking Charter

Bitcoin Magazine Jack Dorsey’s Block Becomes Latest Bitcoin-Focused Company To Apply for Banking Charter Block wants the banking license so it can open Builders Bank,…
Infrastructure

Consensys to split into MetaMask and institutional blockchain company

The restructuring will separate MetaMask’s consumer business from Consensys’ Ethereum protocols and institutional blockchain infrastructure operations. Read Full Story at Cointelegraph.com →
Infrastructure

Secret Service Freezes $52.8 Million in Crypto Tied to Telegram Bazaar Behind Global Scams

Blockchain sleuths at Elliptic traced the money, Treasury sanctioned the marketplace, and Xinbi—which ran $24 billion through a Telegram scam bazaar—called the freeze unfair. Read…
Institutional

Block Seeks OCC Charter for Uninsured Bitcoin and Stablecoin Custody Bank

Builders Bank would operate under direct federal supervision without taking deposits or making loans, but the application still requires OCC approval. Read Full Story at…
Infrastructure

U.S. Bank tests proprietary stablecoin in cross-border Stellar transaction

The pilot moved USBDC between the bank’s North American and European entities on the public Stellar blockchain. Read Full Story at Cointelegraph.com →
Institutional

Bitcoin fails to reclaim $80K as Bessent fuels yen strength around 153 per dollar

Bitcoin trended lower with US stocks on Iran escalation while US Treasury Secretary Scott Bessent contributed to fears of a yen carry-trade unwind. Read Full…
DeFi

Ethereum’s institutional staking boom is growing, but Lido’s share is shrinking

Lido captured just 5.7% of H1 staking growth, while a negative NEST budget shows why deposits alone cannot fund purchases. The post Ethereum’s institutional staking…
Institutional

U.S. Treasury sanctions another widespread cyber-scam hub, Xinbi Guarantee

Chinese-language platform Xinbi is accused of operating on crypto transactions as it offered services to other criminal networks. Read Full Story at Coindesk.com →
DeFi

Tether pushes into private credit with $400 million fund with Fasanara

The USDT issuer will help source lending opportunities and provide stablecoin payment infrastructure for Fasanara’s private credit network. Read Full Story at Coindesk.com →
DeFi

VerifiedX Launches $15 Million Financing Round to Deploy Institutional Bitcoin Infrastructure

Bitcoin Magazine VerifiedX Launches $15 Million Financing Round to Deploy Institutional Bitcoin Infrastructure Cantor Fitzgerald is the investment banker on the round. The funding facilitates…