StablesLabs, the issuer of USDX and sUSDX stablecoins, commended Citibank’s ground-breaking plans to integrate stablecoin transfers into its traditional banking infrastructure. Yesterday, August 15, 2025, fresh data disclosed that Citigroup, a US investment bank, is making preparations to broaden its presence in the virtual currency landscape, with plans to offer custody and related services for
Cryptocurrency exchange Gemini said Friday that it has submitted a public S-1 filing with the SEC to launch a planned initial public offering, two months after previously revealing a confidential filing with the regulator. Gemini, which was founded in 2014 by billionaire Bitcoin investors Tyler and Cameron Winklevoss—perhaps best known for their role in the
SharpLink Gaming’s shares plummeted Friday as the online gambling marketer disclosed disappointing earnings for the second financial quarter. The Ethereum treasury’s shares are trading at $20.04, down nearly 15% in intraday trading. SharpLink reported $103 million in net losses for the three-month period ending on June 30—a stark contrast to its nearly $12 million net
U.S. stocks opened largely positive on Friday, with the Dow Jones Industrial Average rising 250 points and the S&P 500 adding 0.3% as Wall Street targets a winning week. Summary Stocks traded higher on Friday as S&P 500 and Dow Jones Industrial Average rose. Risk assets soared after latest retails sales data. While stocks slipped
Michael Saylor, executive chairman at business intelligence firm Strategy, claims that the road is now “clear” for Bitcoin and the banking sector after the Federal Reserve ditched a crypto bank oversight program. The road is now clear for Bitcoin and banking. https://t.co/Kzu2ZKbz8m — Michael Saylor (@saylor) August 15, 2025 No special oversight The controversial program,
Bitcoin and Ethereum ETFs are both performing very well, with their combined trade volume reaching $11.5 billion yesterday. This is roughly equivalent to Apple’s stock volume that day, which is an impressive feat. ETH is witnessing a flood of fresh corporate interest, as NEOS’ new “high income” ETF signals sustained institutional inflows. Nonetheless, BTC is
The Federal Reserve continued its relaxation of crypto oversight on Friday with a move to shut down a two-year-old supervisory program intended to keep a special eye on banks’ crypto ties, instead folding that task back to its day-to-day oversight work. The central bank established its short-lived Novel Activities Supervision Program during the tenure of
Digital asset treasury (DAT) firms, seen as high-beta plays on crypto prices, sold off sharply on Friday as the August crypto rally showed signs of exhaustion. Strategy (MSTR) fell another 3% on Friday, extending its decline to 20% since July’s high and 33% from the November 2024 all-time high. The MSTR/IBIT ratio dropped to 5.43,
According to the latest research report from crypto finance firm Matrixport, the US market has entered a new cycle of liquidity release. Matrixport: US Liquidity Cycle Restarts, Bitcoin Could Rise The report predicts that structural funding support could sustain the rise in Bitcoin and other risky assets, and that this trend could continue until 2026.
Galaxy, the Nasdaq-listed digital asset investment firm, said on Friday it has secured $1.4 billion in funding to expand its Helios data center in West Texas, part of the firm’s push to boost computing capacity for artificial intelligence (AI) and high-performance computing (HPC). The debt facility, which covers 80% of construction costs, runs for 36