Republican Congressman Troy Downing is going to introduce a bill aimed at making Donald Trump’s Bitcoin and Crypto 410(k) executive order into federal law. A representative of the congressman confirmed that Downing is going to introduce the bill on Oct. 21. Summary President Donald Trump signed an executive order allowing crypto and other “alternative assets”
Has the PIPE model failed for bitcoin treasury companies? The collapse in the share prices for two notable recently closed deals — KindlyMD (NAKA) and Strive (ASST) suggests as much. A PIPE, or Private Investment in Public Equity, is a financing mechanism where institutional investors purchase shares directly from a publicly traded company at a
Canton Network is transitioning from a promising protocol to an active construction site, with YZi Labs doubling down on its ecosystem by funding Temple Digital to build the foundational trading applications required for adoption. Summary YZi Labs has invested in Temple Digital Group, developer of Canton Network’s first native trading platform, signaling a major step
Stablecoins are emerging as one of the clearest near-term use cases for transforming cross-border payments, according to a report last month from accountancy firm KPMG. Banks currently rely on a correspondent banking network that moves roughly $150 trillion annually, the report noted, a system that typically takes between two and five days for settlement, involves
Ripple, the blockchain firm closely associated with the XRP Ledger (XRP) network, is acquiring treasury software provider GTreasury for $1 billion, pushing deeper into corporate finance. GTreasury’s treasury platform, used by Fortune 500 enterprise for managing cash, foreign exchange and risk, will become part of Ripple’s expanding suite of financial tools, the firm told CoinDesk
U.S. stocks are slightly up amid an uptick for the major indexes, with a key earnings report from Taiwan Semiconductor Manufacturing Company boosting investor sentiment. Summary Dow, S&P 500 and Nasdaq rose amid market boost from TSMC. Gold continued to rally as investor jitters pushed capital into safe haven assets. Bitcoin remained near $111,000 after
U.S. Bank has established a new Digital Assets and Money Movement organization, in hopes to “to accelerate development of and grow revenue from emerging digital products and services such as stablecoin issuance, cryptocurrency custody, asset tokenization and digital money movement.” In other words, U.S. Bank is further jumping into the bitcoin and broader crypto space.
Spot Bitcoin and Ethereum ETFs traded in the U.S. traded in opposite directions on Wednesday. As investors remain cautious following last week’s historic market crash, Bitcoin ETFs saw $104.1 million in outflows and Ethereum funds saw $169.6 million in inflows. $104 Million Outflow from Bitcoin ETFs, $170 Million Inflow into Ethereum Funds On the Bitcoin