JPMorgan, Citigroup and Bank of America are all in the early stages of stablecoin development.
Sam Bourgi
Sam Bourgi is a senior news writer and editor at Cointelegraph, where he covers Bitcoin and the broader digital asset economy. With a background in economics and public policy, he analyzes the intersection of cryptocurrency and traditional finance. He authors the Crypto Biz newsletter, which explores blockchain business and venture capital. Sam has spoken at major tech conferences, including Web Summit, Collision, Blockchain Futurist and Proof of Work. Before joining Cointelegraph, he worked at think tanks, boutique research firms, and other crypto media outlets. He studied economics and public policy and holds a Master’s degree from McMaster University. Sam holds Bitcoin and USDC above Cointelegraph’s disclosure threshold of $1,000.
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Crypto Biz: Wall Street giants bet on stablecoins - News
BoA exploring stablecoins to help move trillions in client transactions, CEO says Bank of America and other legacy financial institutions have been increasingly associated with stablecoins amid the growing push for regulatory clarity.
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Liquid staking token launches on Solana with support from Coinbase, Kraken, Galaxy Liquid Collective noted that demand for liquid staking solutions on Solana is increasing alongside rising institutional interest in crypto.
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Kraken launches US crypto derivatives platform in wake of NinjaTrader acquisition Kraken Derivatives US launched after the exchange’s acquisition of futures platform NinjaTrader earlier this year.
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Ripple, Coinbase, MoonPay execs to advise California on gov’t efficiency The California Breakthrough Project held its first meeting at Ripple’s San Francisco headquarters, according to journalist Eleanor Terrett.
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MARA follows Saylor’s playbook with Two Prime deal, BTC allocation grows MARA Holdings has acquired an equity stake in Two Prime, which includes an allocation of 2,000 BTC for its yield strategy.
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Kazakhstan wealth fund, gold, FX reserves to be invested in crypto — Report Kazakhstan’s central bank is drawing on lessons from Norway, the US and Middle East in developing its crypto strategy.
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OKX joins Paxos’ USDG network as stablecoin push intensifies Launched in November 2024, the USDG stablecoin has a total circulating supply of around $356 million.
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Crypto Biz: Bitcoin VC surges, Robinhood faces tokenization scrutiny, CZ debunks Golden Visa hype Ego Death Capital raises $100 million for Bitcoin startups, while Robinhood face scrutiny over its equity token offerings.
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Despite record high, S&P 500 is down in Bitcoin terms The S&P 500 Index has staged a remarkable turnaround since April, but its performance still lags considerably behind BTC.
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HIVE Digital stock soars on BTC mining, revenue milestones The blockchain and AI infrastructure company has doubled its Bitcoin hashrate and boosted its annual revenue run rate to $250 million.
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Robinhood stock nears record high as tokenization strategy gains traction Robinhood is trading near all-time highs as its expanded push into crypto and blockchain continues to pay off.
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Projective Finance opens $7M onchain lending pool for Illinois solar projects The sustainability-focused platform uses Avalanche to tokenize municipal loans, giving DeFi investors direct exposure to government-backed renewable energy infrastructure.
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CoreWeave’s Core Scientific acquisition sparks analyst doubts as stock dips CoreWeave agreed to purchase Core Scientific in an all-stock deal valued at $9 billion.
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Ego Death Capital raises $100M to finance Bitcoin-focused startups The venture fund has already invested in Bitcoin-focused exchanges, savings platforms and payment solutions.
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Robinhood’s OpenAI, SpaceX private equity tokens face EU scrutiny Robinhood’s OpenAI and SpaceX tokens are controversial, but the fine print indicates that they offer indirect exposure to these companies through derivatives.
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Bit Digital shifts treasury strategy with 100K ETH buy; stock surges 29% Bit Digital is now the second-largest publicly traded ETH holder, behind Coinbase.
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CoreWeave finalizes Core Scientific acquisition for $9B CoreWeave acquires Bitcoin mining giant Core Scientific for $9 billion in an all-stock deal, boosting its data center capacity for AI and high-performance computing.
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‘Is this real?’ CZ questions TON’s UAE Golden Visa as gov’t sources stay silent Changpeng Zhao is skeptical of the new offer promising a UAE Golden Visa to TON stakers.
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VC Roundup: DeFi, AI, hybrid exchanges showcase resilient month for crypto Rails, Yupp, Beam, Frachtis, Inference Labs, Gradient Network, Story, Blueprint Finance and Units Network headline the latest VC Roundup.
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Crypto Biz: Peter Thiel eyes the SVB throne Peter Thiel and other billionaires are planning Erebor, a new bank to fill the void left by Silicon Valley Bank’s collapse — with crypto firms and startups in focus.
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Ondo Finance acquires SEC-registered broker-dealer, eyes tokenized securities Ondo has acquired Oasis Pro, a FINRA member and SEC-registered broker-dealer.
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$250M Ondo Catalyst fund signals ‘arms race’ for RWA tokenization Ondo Finance and Pantera Capital are launching a $250 million fund to fuel tokenized real-world asset projects.
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Bitcoin mining stocks post double-digit gains in weekly rally The mining companies opened sharply higher on Thursday after US nonfarm payrolls surprised to the upside.
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Amundi warns GENIUS Act could backfire, undermining dollar dominance Europe's largest asset manager says the US GENIUS Act could unintentionally weaken the greenback and disrupt global payments.
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SEC ends ‘regulation through enforcement,’ calls tokenization 'innovation' In a media interview, Chair Paul Atkins pledged to empower businesses to innovate through tokenization.
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Peter Thiel backs crypto-friendly Silicon Valley Bank rival — Report Before its collapse, Silicon Valley Bank had deep ties to crypto companies and venture capital funds investing in the industry.
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First US staking ETF to launch Wednesday, giving investors exposure to Solana REX Shares will launch the first US staked crypto ETF this week, giving investors direct exposure to SOL with staking rewards.
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Robinhood launches layer-2 blockchain for stock trading in Europe Robinhood is offering tokenized US stocks and ETFs on the Arbitrum blockchain to users in Europe.
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Circuit unveils recovery system to solve crypto’s ‘permanent loss’ conundrum “Most people aren’t equipped for true self-custody,” said Circuit’s founder and CEO, Harry Donnelly.