Kanye West Drops a $2B Crypto Token
Kanye West is betting on blockchain. The artist now known as Ye has launched “Yeezy Money” (YZY), a new cryptocurrency on Solana, proclaiming a “new economy, built on chain.”
China Considers Launching Yuan Stablecoin
China is poised to make a dramatic U-turn on cryptocurrency policy by developing its own yuan-backed stablecoin.
Nasdaq Ousts Windtree as Stock Tanks to $0.11
Nasdaq is showing Windtree Therapeutics the door. The exchange is delisting the company’s stock after it failed the most basic test: keeping its share price above $1.
Ark Invest Doubles Down, Buys $37M in Robinhood and Bullish Amid Crypto Slump
Cathie Wood’s Ark Invest capitalized on a market downturn Tuesday, purchasing $21.2 million in Bullish (BULL) and $16.2 million in Robinhood (HOOD) through its ARK Innovation ETF (ARKK). This buying spree continued despite both stocks closing sharply lower.
Wyoming Launches a State-backed Stablecoin
Think of a digital dollar that’s officially backed by a state government. That’s what Wyoming just created. It’s called the Frontier Stable Token, or FRNT for short.
Fed’s Crypto Ban for Staff Could Crumble, Says Top Regulator
The Federal Reserve’s own ban on crypto for its employees is being challenged from within.
Illinois Joins Regulatory Wave with New Crypto Exchange and ATM Laws
The first, SB 1797, empowers regulators to monitor crypto firms, enforcing capital, cybersecurity, and disclosure rules akin to traditional finance.
South Korean Exchanges Forced to Pause Crypto Lending Amid Regulatory Scrutiny
South Korea’s financial watchdog has temporarily barred cryptocurrency exchanges from offering lending services, disrupting a fast-growing sector of the digital asset market.
Ethereum ETFs See Significant Outflows After Record Inflow Streak
US spot Ethereum ETFs experienced $196.6 million in net outflows Monday, marking their second-largest daily withdrawal since launch, according to SoSoValue data.
World’s Largest Sovereign Fund Goes Big on Bitcoin—Exposure Jumps 83%
In a bold move, Norway’s massive $1.7 trillion sovereign wealth fund ramped up its Bitcoin exposure by 83% last quarter, according to Standard Chartered.
Gemini Files for Nasdaq IPO Under Ticker “GEMI,” Reports Revenue Decline
Crypto exchange Gemini has taken a step toward its 2025 IPO with the public release of its S-1 filing on Friday.
Fed Abandons Crypto Supervision Program Amid Regulatory Retreat
The Federal Reserve has abruptly shut down its Novel Activities Supervision Program, a 2023 initiative meant to monitor banks’ crypto and fintech ventures—raising questions about oversight gaps.
SEC Postpones Solana ETF Approvals, Reflecting Wider Crypto ETF Scrutiny
The US SEC has delayed its decision on Bitwise and 21Shares.
Coinbase Closes Deribit Buyout in $2.9B Power Move, Shaking Up Crypto Derivatives
Coinbase has officially taken over Deribit in a $2.9 billion mega-deal, combining forces to dominate the crypto derivatives arena.
Crypto Markets Reel as Hot PPI Fuels Fed Policy Uncertainty
Crypto derivatives faced $1 billion in liquidations following a higher-than-anticipated PPI report, which sent Bitcoin down 2%+ and revived concerns about the Fed’s rate-cut timeline.
