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White House threatens to withdraw support for crypto bill after Coinbase move, calling it a rug pull on the industry
The White House has threatened to withdraw support for crypto legislation if Coinbase doesn't negotiate a favorable yield agreement, following Coinbase's exit from discussions, which officials deemed a betrayal of collaborative efforts.
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DEFI5,39%
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GasFeeCriervip:
Here comes the old trick of pumping and dumping again. The White House has really pushed Binance to the brink of bankruptcy and still wants to support? That's hilarious.
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Crypto Mining Firm Canaan Receives Nasdaq Deficiency Notice Over Share Price
Canaan Inc received a Nasdaq notice due to its shares falling below $1 for 30 days. The company has 180 days to regain compliance or may seek an additional period with specific requirements.
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MultiSigFailMastervip:
Canaan is heading towards delisting, the days are really tough for mining hardware manufacturers.
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DOJ Confirms Seized Bitcoin from Samourai Wallet Case Remains Part of Strategic Reserve
The DOJ confirmed that Bitcoin seized from the Samourai Wallet case will remain in the Strategic Bitcoin Reserve and will not be sold, despite earlier concerns about transfers. About 328,000 Bitcoin is held by the US government, valuing approximately $31.2 billion.
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BTC-0,18%
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RamenDeFiSurvivorvip:
Awesome, the US government is directly acting as a whale, locking up $3.2 billion worth of BTC and not selling. Are they planning to hold long-term?
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Belarusian President Signs Order Establishing Framework for Crypto Banking
Belarusian President Lukashenko has enacted a decree to establish a legal framework for cryptobanks, aiming to position Belarus as a fintech hub. Only companies in the High-Tech Park and registered with the National Bank can operate, adhering to specific regulations.
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ChainPoetvip:
Wow, Belarus is about to make a big move, directly adopting the crypto banking framework...
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Riot stock rises on AMD lease and Rockdale land acquisition
Riot Platforms' shares rose over 7% after securing a data center lease with AMD and acquiring 200 acres in Rockdale, Texas. The $96 million purchase was funded by selling Bitcoin, enhancing Riot's data center capabilities significantly.
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BTC-0,18%
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failed_dev_successful_apevip:
Riot's move is indeed solid this time, with AMD partnership and land acquisition, which are definitely positive fundamentals.
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Major US Lender Newrez to Accept Bitcoin, Ethereum, and Stablecoins for Mortgage Qualification
Newrez, a major US lender, will allow mortgage applicants to use Bitcoin, Ethereum, and certain stablecoins for asset verification starting in February, marking a significant shift in mortgage lending practices.
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BTC-0,18%
ETH-0,24%
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MemeTokenGeniusvip:
It's really happening now; traditional finance has compromised. Newrez accepting BTC and ETH as collateral indicates that mainstream acceptance has truly increased... It will take effect starting next month. I wonder if it will trigger a chain reaction, with other banks following suit?
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Top Wall Street Equity Strategist Exits Bitcoin Over Quantum Computing Threat
Jefferies' Christopher Wood has removed Bitcoin from his portfolio due to concerns over quantum computing's potential threat to its security. He highlights a shift towards physical gold and mining stocks, emphasizing gold's historical reliability as a store of value.
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BTC-0,18%
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retroactive_airdropvip:
Quantum computing is here, is Bitcoin panicking? But this guy really knows how to ride the hype.
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Interactive Brokers adds USDC funding, with additional stablecoin support coming next week
Interactive Brokers now allows clients to fund accounts using USDC stablecoin, enabling rapid deposits across global markets. The feature supports instant processing and will include additional stablecoins next week, enhancing user experience and market access.
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ETH-0,24%
SOL0,2%
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RugPullAlarmvip:
Looking at IB's stance, they are finally willing to accept stablecoins. But I need to dig into the details—what's the fund flow behind the USDC route, and is there a possibility it could become a money laundering channel? Will Ripple and PayPal go live next week? Let's wait for the smart contract audit report before making any transfers, no need to rush.
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Citrea Launches ctUSD: Native Stablecoin for Bitcoin's Liquidity Layer
Citrea has introduced ctUSD, a dollar-backed stablecoin for the Bitcoin ecosystem, ensuring compliance and reducing fragmentation. Backed by T-bills and cash, it aims to establish a secure liquidity layer without relying on third-party solutions.
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BTC-0,18%
IRON-6,44%
ACH3,7%
ETH-0,24%
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ProofOfNothingvip:
Another stablecoin is launching, this time in the Bitcoin ecosystem. T-bills endorsement sounds okay, but I wonder if it will end up like other projects and get messed around with later on.
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New study shows how Polygon cuts wallet acquisition costs below $1
A new MBA case study from IVEY Publishing highlights how Polygon achieved wallet acquisition costs below $1 through innovative strategies. Utilizing Addressable's technology, Polygon effectively targeted users in NFTs, gaming, DeFi, and enterprise, providing insights for future blockchain marketing.
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MondayYoloFridayCryvip:
Wow, Polygon really brought the cost down to below $1 this time? Gotta think about how this money was saved...
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Kaito Token and NFT Prices Plunge as X Blocks InfoFi Apps to Fight Spam
The Kaito token dropped 20% after X blocked apps rewarding user posts to combat spam, impacting the overall InfoFi market, which saw declines in multiple tokens and a total market value decrease of 11.5%.
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KAITO-1,23%
ETH-0,24%
COOKIE0,93%
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MechanicalMartelvip:
Haha, another round of rug pulls—are we protecting against spam or withdrawals?
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Ripple invests $150M in LMAX to expand RLUSD use across FX and crypto markets
Ripple invests $150 million in LMAX to enhance RLUSD's role as collateral for FX and crypto trading, leveraging LMAX's infrastructure for institutional clients and promoting stablecoin use in traditional finance.
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SpeakWithHatOnvip:
Ripple is starting to spend money on expansion again, and this time it looks pretty serious. But can 150 million bring in the traditional finance crowd? I don't quite understand...
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Custody giant State Street to roll out new tokenized deposits and stablecoins
State Street is set to launch tokenized deposits, stablecoins, and ETFs as part of its expansion into the digital asset market, collaborating with firms like Franklin Resources and Fidelity, marking a shift towards active product development.
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OPsychologyvip:
State Street is going all in on Web3, traditional finance really can't sit still anymore.
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CME Group to Launch ADA, LINK, and XLM Futures as Part of Crypto Expansion
CME Group is set to launch futures contracts for Cardano (ADA), Chainlink (LINK), and Stellar (XLM) on February 9, pending regulatory approval, expanding its digital asset offerings amid rising demand for regulated crypto futures.
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ADA1,32%
LINK-0,06%
XLM1,28%
BTC-0,18%
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ContractHuntervip:
CME is cutting into retail investors again, this time targeting ADA, LINK, XLM. Is traditional finance planning to enter the market like this?
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MetaMask Adds Native TRON Support for Mobile and Browser Wallets
MetaMask has added native TRON support to its mobile and browser wallets, enabling users to manage TRON assets and interact with dApps seamlessly. This enhancement promotes multichain compatibility and aims to improve user experience in decentralized finance.
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TRX1,13%
BTC-0,18%
SOL0,2%
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MEVictimvip:
NGL, the Tron ecosystem is picking up now, and MetaMask's follow-up is quite smart.
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Bitmine Invests $200 Million in Beast Industries to Expand DeFi and Financial Services Integration
Bitmine invests $200 million in MrBeast's Beast Industries to integrate decentralized finance into new financial services. This partnership marks Beast’s expansion beyond entertainment and explores potential fintech opportunities.
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GasWranglervip:
ngl, $200m into beast industries? that's... actually demonstrably terrible capital allocation if you run the numbers on their transaction throughput. technically speaking, they could've optimized that same spend across base layer infrastructure and saved like 40% in execution costs. but sure, go chase the influencer narrative i guess
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London Stock Exchange Unveils Blockchain-Powered Platform for Cash and Digital Assets Settlement
The London Stock Exchange launched the blockchain-based Digital Settlement House (LSEG DiSH) for instant settlement of commercial bank money, enhancing efficiency and reducing risks across traditional and digital asset networks.
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MEVictimvip:
Another centralized institution is "embracing" the chain, this time it's the London Stock Exchange. Interesting.
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Amazon's $475M Saks Global Investment at Risk After Bankruptcy Filing
Amazon's $475 million investment in Saks Global is jeopardized after the luxury retailer's bankruptcy filing. Saks seeks financing that could undermine Amazon's equity rights, prompting legal opposition from the tech giant.
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gas_fee_traumavip:
Another show of big capital hurting each other, did Amazon's 475 million just go down the drain?
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