CRYPTO
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Modern Treasury seeks US trust bank charter for digital asset custody
The payments infrastructure company is seeking federal approval to offer stablecoin custody and related fiat services through a limited-purpose national trust bank. Source link
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$4.2B crypto bank Anchorage Digital cuts 17% of workforce: Report
The reported cuts come as Anchorage expands its institutional footprint, including stablecoin issuance and a $100 million investment from Tether. Source link
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US SEC, CFTC to Oversee Crypto Market With Reduced Leadership
Two of the United States’ financial agencies tasked with overseeing and enforcing digital asset regulation will be down to just three commissioners after Friday, following the departure of a Republican member. On Friday, Hester Peirce, who served as a commissioner with the US Securities and Exchange Commission (SEC) for eight years, will leave the agency about two months before the…
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Kalshi loses appeal, setting up potential Supreme Court case
The 6th US Circuit Court of Appeals ruled against prediction market Kalshi, siding with Ohio and Tennessee on regulating sports-event contracts under state laws. Source link
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Trump Bought Up to $100K in Strategy Stock in July
President Donald Trump disclosed purchasing $50,001 to $100,000 worth of Strategy shares in July, according to a US Office of Government Ethics filing released Tuesday. The filing shows Trump bought $50,001 to $100,000 worth of Strategy shares on July 27, following a smaller $1,001 to $15,000 purchase three days earlier. Strategy is the world’s largest publicly traded corporate Bitcoin holder,…
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Trump says US will form AI Force
US President Donald Trump said that he plans to create an “AI Force” and appoint an artificial intelligence czar. Trump posted on Truth Social on Saturday that his new project would manage the fast-growing sector without adding regulations that could slow innovation, according to Newsweek and other media. “For this purpose, I am forming the AI Force, much like I…
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CFTC Issues No-Action Position for Trading Software Providers
The Commodity Futures Trading Commission (CFTC) has expanded regulatory relief for “passive software” providers that connect users to regulated derivatives firms and exchanges. In a no-action position issued Thursday, the agency’s Market Participants Division said it would not recommend enforcement against qualifying providers or their personnel for failing to register as introducing brokers or associated persons when facilitating trading with…
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Bitcoin Targets $80K as Trump Alludes To End To Iran War
Bitcoin (BTC) returned to $79,000 after Monday’s Wall Street open as markets dissected mixed signals over the US-Iran war. Key points: Bitcoin rises above $79,000 as oil prices fall after US President Donald Trump suggests the Iran war could be nearing an end. Markets raise the odds of a 25-basis-point Federal Reserve rate hike to more than 90%. Bitcoin tests…
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Bitcoin Suisse Restructuring Could Affect 60 Swiss Jobs
Bitcoin Suisse plans to shift up to half of its Swiss jobs abroad as the crypto financial services firm expands its international operations. Founded in Zug in 2013, the company provides crypto trading, custody, staking and lending services. The restructuring could affect up to 60 of the company’s 120 Swiss positions, primarily in back-office and administrative roles, according to a…
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Bybit launches 24/7 perpetuals for major currency pairs
Bybit added USDT-settled perpetuals tracking EUR/USD, GBP/USD and USD/JPY, with 24/7 trading and leverage of up to 100x. Source link
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