Joseph Thompson, senior vice president and head of treasury at the London Metal Exchange (LME), is leaving the exchange to join Ripple’s Trading and Markets team. Thompson will officially depart the LME on August 31, 2026, before taking up his new role at Ripple, where he is expected to focus on expanding the company’s strategy
The Bank for International Settlements is renewing its criticism of stablecoins, questioning their credibility as everyday money as governments worldwide build regulatory frameworks around the tokens. BIS General Manager Pablo Hernández de Cos, a candidate to succeed European Central Bank President Christine Lagarde next year, argued that stablecoins do not credibly function as a means
Hong Kong’s securities watchdog has declared broker SBCFX and many of its affiliated entities unlicensed, shortly after a collapse in trading that forced thousands of gold investors to lose their $USDT holdings. According to the reports, the SFC added SBCFX, Star Bridge Capital Group, Star Bridge Capital Pty Limited, and Topical Wealth International Ltd to
US-listed spot Bitcoin exchange-traded funds (ETFs) ended a nine-day inflow streak as Bitcoin fell below $78,000, while several altcoin ETF categories continued to see inflows. Bitcoin ETFs recorded $201.8 million in net outflows on Friday, ending nine consecutive trading sessions of inflows, according to SoSoValue data. The reversal followed more than $3 billion of net
While Bitcoin’s recent recovery in the cryptocurrency market has rekindled bullish expectations, Alphractal founder Joao Wedson stated that on-chain data presents a more cautious picture. According to Wedson, the ultimate price bottom of the cycle for Bitcoin may not yet have been reached, and if certain historical indicators are repeating themselves, the BTC price could
Federal Reserve Chair Kevin Warsh used his Jackson Hole address to explain his approach to monetary policy and inflation control. The speech focused on price stability, economic conditions, financial markets, and the future role of technology. Markets reacted quickly after the speech, with investors adjusting expectations around the Federal Reserve’s next policy decisions. Treasury yields
Aptos has announced support for Circle’s Cross-Chain Transfer Protocol (CCTP) V2, a move that streamlines $USDC transfers across blockchain networks. The integration enables faster, more secure movement of $USDC between Aptos and other supported chains, marking a significant step in the network’s push toward broader interoperability. What CCTP V2 Brings to Aptos CCTP V2 introduces