Virginia lawmakers have advanced new rules targeting crypto kiosks, placing crypto ATM regulation at the center of a consumer protection effort. The legislation, backed by Delegate Michelle Maldonado, introduces licensing, fee caps, and transaction limits for operators, while seeking to reduce scams that have…
U.S. lawmakers face dispute over stablecoin yields and banks
A dispute over whether stablecoin users should be allowed to earn yield has become a central obstacle for U.S. lawmakers working on a Senate crypto market structure bill. The disagreement has hardened positions between major banks and digital asset firms,…
Grayscale moves AAVE trust toward a new spot ETF structure
Grayscale has taken another step in its exchange-traded fund strategy, moving to convert its existing AAVE Trust into a spot ETF that would trade on NYSE Arca. The filing with the U.S. Securities and Exchange Commission (SEC) highlights growing interest…
Will Brazil reach 1 million Bitcoin in its new reserve plan?
Brazil is again considering a plan to place Bitcoin at the center of its national reserve strategy through a proposed Strategic Sovereign Bitcoin Reserve. Lawmakers have brought back a bill that would create RESBit, a government-managed reserve intended to accumulate…
Truth social crypto ETFs plan adds cronos staking with SEC
Truth social is moving deeper into cryptocurrency finance through a new set of exchange-traded fund proposals tied to its brand. Yorkville America Equities, the asset manager backing several exchange-traded funds linked to U.S. President Donald Trump’s social media platform, has…
Will X add Smart Cashtags to trade assets from the feed?
X is preparing a new step in its shift toward finance, with head of product Nikita Bier confirming that Smart Cashtags will arrive “in the coming weeks.” The feature is intended to let people trade stocks and cryptocurrencies straight from…
How did a Crypto CEO run a $200 million Bitcoin Ponzi scheme?
A former crypto CEO in the United States has received a 20-year federal prison sentence for running a $200 million Bitcoin fraud and Ponzi scheme, marking one of the most severe penalties handed down in a recent digital asset case. The ruling…
Mirae Asset to take 92% control of Korbit in Korea deal
South Korea’s Mirae Asset financial group is moving to take control of Korbit, one of the country’s five major cryptocurrency exchanges, in a deal that underlines the growing overlap between traditional finance and digital asset platforms. The planned acquisition comes as lawmakers…
Bitcoin ETFs see $410.4 million outflows in volatile trading
Spot bitcoin ETFs recorded another sharp setback on Thursday, with combined outflows of $410.4 million underscoring growing unease among institutional investors. The latest withdrawals extend a turbulent two-week period in which the funds have lost nearly $1.5 billion, according to data reviewed…
Coinbase Q4 revenue down 22%, posts $667M net deficit.
Coinbase reported weaker fourth-quarter results as last year’s retreat in Bitcoin from record levels weighed on trading activity and investment values. The San Francisco-based crypto exchange released figures showing lower revenue, a sharp swing to loss, and continued sensitivity to broader market…