White House economists say banning stablecoin yield would add little to bank lending while imposing significant costs on users.
Amin Haqshanas
Amin (Ruholamin) Haqshanas is a staff writer at Cointelegraph covering cryptocurrency and finance-related topics. He has over four years of experience in crypto journalism and has previously contributed to outlets such as CryptoNews, The Tokenist, EthereumPrice.org, and Milk Road. He holds a bachelor’s degree in Mechatronics Engineering from Herat University.
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Stablecoin yields won’t harm banks, White House economists say - News
NYT revives Adam Back theory in latest bid to identify Bitcoin creator A New York Times investigation points to Adam Back as Satoshi Nakamoto, but the Blockstream CEO denies it, and critics say proof is still missing.
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ARK buys $13M in Robinhood as US Treasury taps platform for Trump Accounts Cathie Wood's ARK Invest increased its Robinhood stake after the platform was selected to operate government-backed “Trump Accounts” for youth savings and investment.
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South Korea orders crypto exchanges to verify holdings every 5 minutes An inspection found slow reconciliation cycles and weak trade-halting systems across major crypto exchanges.
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Argentine banks testing JPMorgan’s JPM Coin to speed up settlements: Report Argentine lenders are reportedly testing JPMorgan’s JPM Coin to improve settlement speed and efficiency, even as the central bank maintains restrictions on crypto services.
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Robert Kiyosaki recommends Bitcoin, gold as 1974 shift comes full circle The "Rich Dad Poor Dad" author continues to back Bitcoin, gold and silver as alternatives to traditional money.
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‘Existential’ token problem seen as supply outpaces value creation: Blockworks exec Blockworks' Michael Ippolito sees surge in token supply diluting returns, breaking the link between fundamentals and price while raising concerns about crypto’s long-term model.
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Anthropic launches PAC amid tensions with Trump administration over AI policy AI firm Anthropic forms an employee-funded PAC while facing questions over political balance and a growing dispute with the Pentagon over AI use.
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Nevada judge extends ban on Kalshi, rejects event contract defense The judge said Kalshi’s event contracts are indistinguishable from sports betting, supporting the state’s position that the platform requires a gaming license.
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Polymarket takes down market on missing US pilot after backlash Polymarket cited “integrity standards” for removing the market but did not specify which rule was broken, drawing scrutiny from users who questioned how its policies are applied.
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Tether may delay fundraising if demand falls short at $500B valuation: Report A $500 billion valuation would put Tether ahead of every US bank except JPMorgan Chase, placing it among the world’s biggest financial firms.
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Lise to host tokenized IPO for French defense supplier ST Group French blockchain-based stock exchange Lise plans to host what it describes as a fully onchain IPO for ST Group.
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Coinbase exec says Senate CLARITY compromise is close, but no markup date set Coinbase legal chief Paul Grewal says US lawmakers are nearing agreement on the CLARITY Act, with a Senate markup expected soon.
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OpenFX raises $94M to speed up cross-border payments with stablecoins OpenFX raised $94 million in a Series A round to expand its stablecoin-based FX network, as firms explore faster cross-border payment infrastructure.
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Crypto market maker Keyrock reaches $1.1B valuation in SC Ventures-led round Standard Chartered’s venture arm led the round as Keyrock looks to expand products, pursue acquisitions and scale its global footprint.
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Nakamoto sells $20 million in Bitcoin and cuts Metaplanet stake David Bailey's Nakamoto plans to wind down healthcare operations as it shifts focus to integrating BTC Inc and UTXO Management.
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Coinbase survey finds many crypto users still misunderstand taxes A Coinbase and CoinTracker survey found fewer than half of crypto users correctly understand when digital assets become taxable.
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Crypto funds see first outflow in 5 weeks amid inflation fears, Iran tensions Digital asset products saw $414 million in outflows last week as inflation fears, US Fed rate hike expectations and Middle East tensions drove a shift toward risk-off sentiment.
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Ethereum Foundation accelerates 70,000 ETH staking plan after BitMine sale The Ethereum Foundation deployed $46.2 million in ETH across 11 deposits as it accelerates a 70,000 ETH staking plan.
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Sam Altman’s World Foundation sells $65M in WLD as token hits new lows World Foundation sold $65 million in WLD as the token hit record lows, with additional supply expected to enter the market.
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Onchain commodity trading is here to stay, but liquidity remains an issue Rising oil and gold volumes signal growing demand for onchain macro trading, but limited liquidity and depth still keep traditional markets in control.
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BNP Paribas adds six Bitcoin, Ether ETNs for retail clients in France Crypto ETN adoption is spreading across Europe as banks expand offerings and the UK reopens retail access after lifting its ban.
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Google plans to back $5B data center for Anthropic: Report Google and lenders move to finance a $5 billion Texas data center for Anthropic as demand for AI infrastructure accelerates.
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Warren probes China-based Bitmain over US security concerns: Report US authorities launched the “Operation Red Sunset” probe into Bitmain last year over potential espionage and grid risks.
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Spot Bitcoin ETFs break 4-week inflow streak as capital avoids ‘directional risk’ Spot Bitcoin ETFs see $296 million in weekly outflows after a month-long inflow streak, as macro uncertainty keeps capital sidelined.
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RedotPay defends team reshuffle amid funding talks and IPO plans RedotPay says it restructured teams for efficiency after a Bloomberg report flagged executive turnover, China sensitivities and new funding talks.
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Ethereum aims to cut bridge times by 98% to 13 seconds with new rule Ethereum’s FCR aims to reduce bridge times by up to 98%, bringing L1-to-L2 and exchange deposits down to 13 seconds without a hard fork.
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Mastercard agrees to acquire BVNK in $1.8B stablecoin deal Mastercard agreed to acquire BVNK for up to $1.8 billion as it expands further into stablecoin and blockchain-based payments.
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Five companies vie for Vietnam crypto licences as overseas ban looms: Report Five companies, including bank affiliates and a major conglomerate, are competing for Vietnam’s first crypto exchange licences as authorities plan to restrict offshore trading.
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Crypto.com taps KG Inicis for tourist crypto payments in South Korea The partnership targets foreign travelers in South Korea, adding real-world merchant access through a major local payments processor.