Elon Musk’s space company posted its first earnings as a public company ahead of a major insider share unlock. www.coindesk.com
Markets
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Markets
Open USD rattled Circle's stock, but its key backers still support USDC
by shayaanby shayaanExecutives at Coinbase, Visa and Mastercard said they plan to support multiple stablecoins, suggesting Open USD is another payments rail rather than …
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Markets
Wells Fargo joins JPMorgan and Citi in the race to tokenize Wall Street’s settlement rails
by shayaanby shayaanPayments will run on the bank’s proprietary blockchain and be routed automatically through its existing client interface. www.coindesk.com
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The custody bank has selected Galaxy to provide staking infrastructure as it broadens services for institutional crypto investors. www.coindesk.com
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Markets
Live updates: Bitcoin at $63,600 as rare US-Japan yen action tests carry-trade fears
by shayaanby shayaanJapan may have spent as much as $36.6 billion buying yen in the first joint US-Japan action to support the currency since …
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XRP holders can now borrow RLUSD on Ethereum through $280 million lending pool
by shayaanby shayaanXRP holders can now borrow RLUSD against their coins on Ethereum without selling, through a $280 million vault that had never accepted …
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Bernstein sees another leg lower for crypto markets if Clarity Act stalls
by shayaanby shayaanThe broker said failure to pass the Clarity Act this year would likely send crypto lower, but expects U.S. regulators to accelerate …
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U.S. FBI intelligence agent arrested in connection with theft of $1 million in crypto
by shayaanby shayaanThe agent, who had “top secret” clearance and worked in FBI headquarters, was accused of taking crypto from wallets the agency had …
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The bank said tokenized money market funds, Open USD and slower USDC growth could weigh on the stablecoin issuer’s earnings. www.coindesk.com
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Markets
Trump-linked American Bitcoin president Matt Prusak departs for Giga Energy
by shayaanby shayaanThe executive is leaving the Eric Trump-backed miner to join an AI power infrastructure firm, highlighting the shift toward energy and data …