Nine major european banks have joined forces to launch a euro-denominated stablecoin regulated under the trading block’s Markets in Crypto Assets regime (MiCA). The banking giants involved are: ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank and Raiffeisen Bank International. Earlier this year, CoinDesk reported that Dutch bank ING was working on a
A government shutdown is on the agenda in the US, effective midnight on September 30, if Congress and the White House fail to reach an agreement on the federal budget. That possibility puts the economy under new pressure eight months into President Donald Trump’s second term. The Trump administration’s tariffs imposed as part of its
The SEC has officially approved the Hashdex Nasdaq Crypto Index US ETF to operate under new generic listing standards, giving it the greenlight to add XRP, SOL, and XLM to its existing portfolio of BTC and ETH. The ETF, listed as NASDAQ:NCIQ, made the change last Thursday after updating its trust structure to meet the
Crypto treasury companies are starting to see share price gains off the back of stock buyback programs, which analysts say could be a sign that the companies are now battling for credibility. Trump Jr.-linked media company Thumzup, which holds Bitcoin (BTC) and Dogecoin (DOGE), said on Wednesday it was increasing a share buyback from $1
China is reportedly making additional moves into the gold sector. Bloomberg, citing “people familiar with the matter,” reports that the People’s Bank of China (PBOC) now wants to custody foreign sovereign gold reserves. In recent months, the Chinese central bank has been encouraging other central banks in friendly countries to buy gold and store it
Traders are rushing into futures tied to the Fed’s overnight benchmark rate as fears grow that short-term funding could dry up before the quarter ends. On Wednesday in New York, nearly 500,000 fed funds futures contracts for September were traded, breaking a record set in April 2023 when Trump’s tariff news hit markets. The surge
Key Highlights Three firms are partnering to tokenize $1 billion worth of essential housing projects, turning ownership into digital tokens on the Solana blockchain The partnership aims to make real estate investing more accessible This announcement comes after the CFTC introduced a proposal to use tokenized collateral in the derivative market On September 24, the
The cryptocurrency world is always buzzing with new developments, and recently, reports about a potential yuan stablecoin issuance in Hong Kong captured significant attention. However, the Hong Kong Monetary Authority (HKMA) has swiftly stepped in to clarify the situation, unequivocally denying these claims and reminding everyone of the stringent regulatory framework in place. What’s the
Tether is looking for a deal that would push its valuation to $500 billion, and if that happens, Giancarlo Devasini would end up with a net worth of $224 billion, putting him ahead of Warren Buffett, right behind Elon Musk, Jeff Bezos, Larry Ellison, and Mark Zuckerberg. This info came from the Bloomberg Billionaires Index,