Coinbase (COIN) said its bitcoin-backed loan program has surpassed $1 billion in originations since launching in January, underscoring growing demand for crypto as collateral. The exchange currently offers retail customers in the U.S. the ability to borrow cash against BTC$113,828.84 holdings through the on-chain Morpho platform. A spokesperson said the average loan size sits at
Two critical decisions recently made by the U.S. Securities and Exchange Commission (SEC) have paved the way for a major expansion in exchange-traded funds (ETFs). These developments are paving the way for rapid diversification, particularly among cryptocurrency ETFs. The SEC has approved general listing standards for spot crypto ETFs. This step eliminates lengthy individual approval
Phantom has announced the launch of Phantom Cash, a new consumer payments offering that transforms its crypto wallet into a broader money app. The product allows users to fund balances instantly with a bank or card, buy and sell crypto without fees on stablecoins, pay with Visa through Apple Pay or Google Pay, and send
CoinRoutes, an institutional cryptocurrency trading platform, has acquired QIS Risk, a portfolio and risk management provider for digital asset managers, the company said in a press release Tuesday. The deal value was $5 million in cash and stock, and brings together CoinRoutes’ algorithmic execution technology with QIS Risk’s suite of portfolio monitoring and risk analytics.
BTCS follows an Active Treasury Strategy with a diversified portfolio of 60% BTC, 30% ZIG, and 10% CORE, deploying funds into staking, DeFi, and validator operations. It distinguishes itself as the first publicly traded blockchain infrastructure firm, operating validator nodes and staking services to generate recurring revenue. BTCS, the largest European Digital Asset Treasury Company
Arthur Hayes, founder of cryptocurrency exchange BitMEX, said that despite Wall Street pouring billions of dollars into crypto, individual investors still have significant earning opportunities. Speaking at a chat session held as part of crypto events in Singapore, Hayes argued that institutional investors are having difficulty accessing the most popular crypto projects. “It’s very difficult
An increasing flow of USDT payments is progressively replacing dollar transfers in operations in Venezuela with private entities. Independent analyses recently shared by Latam Insights Encore and Asdrúbal Oliveros (Ecoanalítica) indicate that disbursements in tether to private buyers have surpassed cash USD transfers, marking an operational shift in the current exchange regime. This trend is
U.S. stocks slipped on Tuesday, with the major indexes retreating and gold pausing its record rally as jitters over a potential government shutdown spread across Wall Street. Summary U.S. stocks opened lower as investors weighed the potential of a government shutdown. Precious metals cooled their rally too, with gold off its record highs above $3,800.
SINGAPORE — Arf, a Swiss provider of short-term liquidity for cross-border payments, is set to join Circle Payments Network (CPN) in a move that will provide eligible users access to on-demand credit, effectively eliminating the need for prefunding, or tying up a large fiat balance before settlement occurs. The integration, powered by Huma Finance’s PayFi