The U.S. regulator overseeing national banks provided clarification on Friday that federally regulated banks can now engage in various cryptocurrency activities without needing prior approval. In its new interpretive letter, the OCC clarified that national banks and federal savings associations are allowed to offer crypto custody services, handle certain stablecoin activities, and operate nodes. “The …
Today, more than $3 billion in Bitcoin and Ethereum options are set to expire.With $2.5 billion in BTC and nearly $500 million in ETH contracts set to settle, all eyes are on how these moves will impact market prices. The expiry, set for 8:00 UTC on Deribit, could lead to increased volatility in the crypto …
Senator Tim Scott is advocating for a new law to stop federal regulators from using “reputational risk” as an excuse to stop banks from working with certain customers, particularly in the crypto industry. Republicans have raised concerns about this issue in recent congressional hearings, highlighting how, in the past, crypto businesses were often excluded from …
President Donald Trump’s recent executive order (EO) outlining new guidelines for managing digital assets like Bitcoin (BTC), XRP, Solana (SOL), ADA, and Ethereum (ETH) has raised several questions, especially regarding the inclusion of specific cryptocurrencies in the U.S. government’s reserves. The EO establishes two main components: a strategic reserve dedicated to Bitcoin and a broader …
President Trump recently signed an executive order on the creation of a strategic Bitcoin reserve and a digital assets stockpile. The executive order announcement came just ahead of the White House’s highly anticipated industry summit, where crypto leaders will meet with members of Trump’s administration to discuss policy. Many had been eagerly expecting the president …
Trump Signs Executive Order After much anticipation, President Trump has officially signed the executive order to establish a strategic Bitcoin reserve. The game-changing move means that the U.S. government will no longer sell the Bitcoin stored in this reserve. However, a key takeaway is the significant loss the government faced—having sold significant amount of BTC. …
After much anticipation, President Donald Trump has finally signed an executive order to establish a Bitcoin Strategic Reserve. Under this plan, the U.S. government will create a “digital Fort Knox” to store Bitcoin and other cryptocurrencies seized in civil or criminal cases. The reserve aims to preserve these digital assets for long-term value, marking a …
Fox Business reporter Eleanor Terrett shared in a latest X post that the U.S. Republican Representatives recently hosted a “Crypto Power Lunch” to discuss upcoming digital asset policies and potential legislation. The event was attended by key political figures, including Majority Whip Tom Emmer and Representative Bryan Steil, who leads the Digital Assets Subcommittee. https://twitter.com/EleanorTerrett/status/1897458308245553228 …
As the White House Crypto Summit approaches, some experts are raising concerns about the timing of cryptocurrency moves by the Trump family’s WLFI project. Reports suggest WLFI has accumulated $336 million in assets, including Bitcoin and altcoins. This has sparked speculation, with some questioning whether these actions could influence market movements. WLFI’s Moves Spark Speculation …
As per a latest report from Reuters, the U.S. authorities have recently begun returning Chinese-made equipment that was seized for cryptocurrency mining, as shared by two industry leaders. Notably, cryptocurrency miners are high-powered computers that compete to solve tricky math problems. This process helps maintain the blockchain, the tech behind digital currencies, and miners are …
Regulators are turning up the heat! South Korea’s recent Upbit crackdown was a warning shot—stricter KYC & AML rules are coming. South Korea is stepping up its efforts to crack down on crypto-related financial crimes by strengthening its Anti-Money Laundering (AML) regulations. With cryptocurrency scams and frauds on the rise, authorities are now focusing on …
US President Donald Trump is making waves in both the financial and crypto markets with his latest move. On Sunday, March 2, the crypto market saw a significant rally after Trump announced that five major cryptocurrencies- Bitcoin, XRP, Solana, Cardano, and Ethereum would be added to the US’s new strategic reserve. This initiative aims to …
It seems like Do Kwon’s fate is set in stone! Terraform Labs co-founder Do Kwon’s U.S. court hearing has been postponed after prosecutors uncovered a massive trail of new evidence. Originally set for March 6, the hearing will now occur on April 10, giving both sides more time to review the findings. For those asking, …
U.S. Commerce Secretary Howard Lutnick has indicated that President Trump might roll back tariffs on Canadian and Mexican goods as early as tomorrow. This follows a day of intense negotiations with both nations, suggesting a potential compromise in U.S. trade policy. The move could scale back some of the recently imposed 25% tariffs. Right away, …
In a press release on Monday, the Securities and Exchange Commission announced the members of the Crypto Task Force staff, which is advising the Commission on matters related to crypto. Experienced Officials, Digital Asset Experts The Task Force is made up of experienced agency officials and digital asset experts. Led by Commissioner Hester Peirce, a …
Vietnam is drafting regulations for digital assets and currencies. Prime Minister Pham Minh Chinh has directed the Ministry of Finance and the State Bank of Vietnam to draft digital asset regulations, with a proposal expected by March. This move aligns with Directive No. 05, which aims to boost economic growth to at least 8% in …
Olumide Osunkoya has been sentenced to four years in prison for illegally running a network of crypto ATMs in the UK without the required regulatory approval, according to the statement from Financial Conduct Authority (FCA) on February 28. UK’s First Criminal Case for Unregistered Crypto Activity Notably, this marks the UK’s first criminal case involving …
After a month of a market downturn, today’s market has shown a rare surge, jumping 8% following an announcement from pro-crypto U.S. President Donald Trump. On March 2, 2025, Trump made a post on X (formerly Twitter), revealing and greenlighting the highly anticipated “Crypto Strategic Reserves,” which has excited the entire crypto community. This announcement …
Recently, the SEC dropped a lawsuit against Hex founder Richard Heart, sparking community hopes that the XRP case could be settled soon as well. With the SEC backing off more crypto lawsuits, there’s more optimism. XRP lawyer John Deaton is asking for a quick end to the Ripple vs. SEC case and is directly in …
Following a period of notable gains, the crypto market experienced a significant decline, creating uncertainty in February. The market crash, which saw investors lose billions, left many reeling, particularly after the sharp crash in the last week, referred to by some analysts as the ‘Trump-dump.’ Despite this, increased activity by major investors, or ‘whales,’ around …
Arizona is pushing ahead with cryptocurrency investment as two Bitcoin reserve bills have passed the Senate, setting the stage for final approval in the state’s House of Representatives. While states like Wyoming and Montana are rejecting similar measures over concerns about crypto’s volatility, Arizona is doubling down on digital assets. A Major Step Toward Crypto …
SEC’s pro-crypto governance starts taking action on crypto, but this time, it’s for GOOD. The US SEC has made it clear that meme coins, like TRUMP and other popular tokens, are not considered securities or investments that need to follow strict financial rules. Instead, the agency sees them more like collectibles—something people buy for fun …
With 20 million active crypto users, Pakistan is taking steps to legalize cryptocurrency, with the finance ministry considering the creation of a National Crypto Council. As per local reports, this move came after a meeting between Finance Minister Muhammad Aurangzeb and US delegation described as “Trump advisers for digital assets.” The proposed council aims to …
US President Donald Trump has been criticized for launching his meme-coin with little knowledge of cryptocurrency. The coin initially surged due to his influence but then crashed, causing major losses for investors. In response, the US Congress is considering legislation to ban public officials from creating meme-coins like Trump’s TRUMP token to prevent such issues …
Lawmakers could face possible delays in creating clear rules for the cryptocurrency market. Senator Cynthia Lummis recently led the first meeting of the Senate Subcommittee on Digital Assets, which is a major step toward creating rules for cryptocurrencies. The subcommittee was formed to help create a set of rules that will support innovation while also …
Bybit is taking aggressive measures to recover all of the funds stolen in the recent hack that resulted in a loss of $1.46 billion from the exchange. The Bybit CEO declared a war against the North Korean hacking group Lazarus, responsible for the largest cryptocurrency heist to date. To facilitate this, the Bybit team has …
Crypto has gained significant attention and acceptance following a change in the USA’s view under Donald Trump’s crypto-friendly administration. Under this regime, crypto and related companies are no longer treated like enemies. As a result, the Dubai Financial Service Authority (DFSA) has embraced the crypto movement by approving Circle’s stablecoins, USDC and EURC, as authorized …
Citadel Securities, one of the largest market makers in the financial world, is making a bold move into the cryptocurrency space. Led by Ken Griffin, the firm is betting on President Trump’s support to drive a boom in digital assets and plans to become a key player in the market. Citadel Plans to Join Major …
In a latest update, Fox Business Journalist Eleanor Terrett shared that Michael Saylor met with the SEC Crypto Task Force on Friday. The U.S. Securities and Exchange Commission (SEC) recently held discussions with Saylor, Executive Chairman of Strategy, to explore the establishment of a comprehensive framework for digital assets. ????NEW: @saylor met with the @SECGov …
Recently, Robinhood platform announced Monday that the SEC is dropping its investigation into its crypto arm. The company shared in a detailed blog post that it received a letter from the SEC’s Enforcement Division on Friday, confirming the case is closed with no further action planned. Notably, this move follows Coinbase’s announcement just days earlier …