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.”
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.
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.
Pantera’s $300M Crypto Treasury Push Signals Institutional Demand
As institutional interest in crypto grows, Pantera Capital has revealed a $300 million+ investment in digital asset treasury (DAT) companies, positioning them as a yield-generating alternative to ETFs or direct holdings.
Crypto Funds Hit $32.6B AUM Record After $572M Weekly Inflow Bounceback
Despite $1B in outflows early last week, crypto investment products rebounded to $572M in net inflows, lifting total assets under management to a record $32.6B.
From Football to Crypto Policy: Bo Hines’ White House Exit
Bo Hines’ tenure as head of the White House’s crypto advisory council is coming to an end.
El Salvador Passes Law Allowing Banks to Hold BTC
El Salvador has taken another step in crypto integration by passing a law that lets investment banks hold Bitcoin and offer digital asset services.
