NCUA Suggests GENIUS Act Rules for Credit Union Stablecoin Issuers

The United States National Credit Union Administration (NCUA) has proposed its first rules under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, sketching out how subsidiaries of federally insured credit unions could apply to become federally supervised payment stablecoin issuers.  The NCUA, which oversees more than 4,000 federally insured credit unions serving…

Bitcoin Price Stuck Under $72K As Consolidation Looms: New Research.

Fresh data from Glassnode claims that Bitcoin (BTC) could be in for another “prolonged phase of range-bound” price action if key support levels are not reclaimed. Key takeaways: Bitcoin is stuck between key cost-basis levels, predicting 2022-type consolidation unless key support levels are reclaimed. Bitcoin price needs to take out the resistance at $72,000 to…

BTC set to thrive amid AI and other innovations, says Cathie Wood

New York — Bitcoin BTC$65,998.73 isn’t just a hedge against inflation, according to ARK Invest CEO Cathie Wood, but against something more disruptive: deflation driven by technological acceleration. In a conversation with Anthony Pompliano at Bitcoin Investor Week in New York, Wood argued that traditional financial systems are unprepared for a coming “productivity shock” powered…

Is This Crypto Winter Different? Key Observers Reevaluate Bitcoin

Bitcoin market observers believe that the recent price slump may actually reflect the asset’s wider adoption by institutions, which still don’t see it as a risk-off asset. It’s been rough out there for crypto in recent months. Since October, when Bitcoin’s price reached a high of over $120,000, BTC has been gradually sliding. In recent…

UK Launches Blockchain Digital Bond Pilot With HSBC Orion

The United Kingdom’s government has appointed HSBC’s tokenization platform to power a pilot issuance of digital government bonds, known as “gilts,” marking the latest step in its push to modernize sovereign debt markets using blockchain technology. HM Treasury has appointed HSBC Orion to facilitate the Digital Gilt Instrument (DIGIT) pilot issuance, according to a Thursday…

Two Victims Lose $62 Million To Address Poisoning Since December

Just one victim lost $12.2 million in January by copying the wrong address from their transaction history in an “address poisoning attack,” adding to a similar $50 million attack in December, according to Scam Sniffer. Address poisoning is when attackers send small transactions, or “dust,” from addresses that look similar to those in the target’s…

Thailand Approves Bitcoin For Derivatives Trading Markets

Thailand’s government on Tuesday approved the Finance Ministry’s proposal allowing digital assets to be used as underlying assets in the country’s derivatives and capital markets. The move aims to modernize Thailand’s derivatives markets in line with international standards, strengthen regulatory oversight and investor protection, and position itself as a regional hub for institutional crypto trading,…

This XRP Indicator Warns That Price May Crash Below $1: Analyst

XRP (XRP)  has retraced nearly 63% from its multi-year high of $3.66 to trade at $1.36 on Wednesday, a technical setup that may have bearish implications for its price, according to a market analyst.   Key takeaways: XRP appeared bearish below $1.40, with chart technicals pointing to a further drop toward $0.70-$1. Persistent spot XRP ETFs…

Binance Completes $1B Bitcoin Conversion for SAFU Fund

Binance completed the $1 billion Bitcoin conversion for its emergency fund, committing to holding Bitcoin as its core reserve asset. Binance purchased another $304 million worth of Bitcoin (BTC) on Thursday, completing the conversion of $1 billion in Bitcoin for its Secure Asset Fund for Users (SAFU) wallet, according to Arkham data. The fund now…

Coinbase’s Base App to Shut Down Creator Rewards Program

Coinbase’s “Everything App,” Base App, is sunsetting its Creator Rewards program and Farcaster-powered social feed as part of a strategic shift to focus entirely on tradable assets. The Creator Rewards program was launched in July and was intended to make the Ethereum layer-2 Base a more social ecosystem, where activity and engagement translate into earnings….