Key Takeaways GiveDirectly is administering a New York pilot that distributes $12,000 in stablecoins to low-income young adults, funded by Coinbase. The program targets low-income young adults in New York, selected by lottery. A pilot program in New York is providing $12,000 in stablecoins to low-income residents through Coinbase funding, administered by the nonprofit GiveDirectly.
Now’s as good a time as any to talk crypto ETFs as more US launches are imminent (even with the latest government shutdown). The anticipated boom of both single-asset and index offerings is set to expand the investor base entering the crypto asset class, industry watchers say. How do we know we’re set to see
Lava, a bitcoin-focused financial services startup, announced on Wednesday that it has raised $17.5 million in new funding while also launching a lending product offering yields on US dollars. In a post on X, the company said its platform allows users to fund overcollateralized loans secured entirely by bitcoin (BTC), with lenders earning up to
On October 1, 2025, as reported by Binance, the exchange submitted a formal request to the Ministry of Finance of Vietnam for a review of the new tax on crypto transactions, emphasizing that a tax calculated on the gross value of operations can pose an immediate risk to the liquidity and stability of the local
Argentum AI is deploying new capital from an oversubscribed round led by Kraken to build a decentralized network that lets anyone monetize idle processing power, creating a new class of “GPU entrepreneurs.” Summary Kraken led an oversubscribed pre-seed round in Argentum AI, a Menlo Park startup building a decentralized compute marketplace. Argentum AI enables organizations
International Holding Company (ICH), an Abu Dhabi-based investment firm with a market capitalization of $240 billion, is backing a new blockchain that will serve as the base layer for a dirham-pegged stablecoin and state-linked digital projects. The ADI Foundation — created by an ICH subsidiary — announced the upcoming launch of ADI Chain, a Layer
The tokenized U.S. Treasury market added $372.55 million over the past seven days, lifting total value to $7.65 billion as institutional products pulled in the bulk of new cash. Tokenized Bonds Expand as Institutions Favor Onchain Money Funds Current rwa.xyz data shows $7.65 billion in value, up 4.87% week over week, with average yield to
Following the US budget crisis that has been talked about for days, the US federal government has officially shut down. As fiscal year 2025 draws to a close, no agreement has been reached on a budget to fund the federal government. As a result, the US federal government went into shutdown (temporary work stoppage) on