Some U.S. banks are panicking over a growing threat: stablecoins. They’re not worried about volatility or speculation; they’re worried about losing trillions in customer deposits. This week, that anxiety got louder after lawmakers in Washington passed the GENIUS Act, a bill that lays out legal rules for stablecoins in the U.S. The House of Representatives
A billionaire who made his fortune at Tiger Global just poured more than $300 million into a high-growth stock that’s skyrocketed over the last year. Karthik Sarma, who now spearheads SRS Investment Management, sold all of the hedge fund’s massive investment in Nvidia (NVDA) between Q1 of 2024 and Q1 of 2025. Now, new 13F
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: We dig into who exactly is holding Strategy’s Bitcoin billions, both Coinbase and Strategy rack up stock records, and more companies make crypto treasury moves. Custody short list There isn’t a public list of the custodians holding
Global payment giant Mastercard said in a statement on its official blog that stablecoins, which stand out among cryptocurrencies, have now reached a turning point and are creating a significant impact in the real world. The company noted that stablecoins offer low-cost and fast solutions, especially in cross-border transactions, and highlighted the future potential of
At the 17th BRICS Summit in Rio de Janeiro, a new payments system for the members was one of the main topics on the agenda. Belarus proposed a central bank digital currency (CBDC)-linked system that would ease cross-border payments and reduce the dependency on the United States dollar. However, a new system is still years
A vast web of companies and securities are tied to the 601,550 bitcoin (BTC) at MicroStrategy. Stretching across the globe from its Virginia headquarters, there are shareholders trading instruments tied to those coins as far away as the Australian Securities Exchange. According to TickerGate, retail investors own over 99% of MicroStrategy (MSTR) common stock. However,
Cryptocurrency-related stocks soared on Friday as the US House of Representatives passed landmark stablecoin legislation, marking the first major national cryptocurrency law in American history. The Genius Act, which establishes a regulatory framework for stablecoins backed by US dollars and other low-risk assets, is expected to be signed into law by President Trump on Friday.