Author: altcoinvest
Update (July 25, 4:39 pm UTC): This article has been updated to include a response from Wise.Payments company Wise will to change its strategy for applying for a charter license with the US Office of the Comptroller of the Currency (OCC) to one “under a GENIUS Act framework,” the legislation to regulate stablecoins in the country.According to a Thursday notice from Wise, the company plans to submit a new application for a national trust bank charter under a GENIUS Act framework. Investment banking group William Blair said that Wise will likely not shift its position on payment stablecoins with the…
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Binance’s CZ says Elon Musk is “pre-rich”SpaceX drops despite record launchChangpeng Zhao, the co-founder of the world’s largest cryptocurrency exchange Binance, has stirred discussions after reacting to Elon Musk’s joke about losing his trillionaire status.CZ has also made jokes after joining the conversation when Elon Musk jokingly referred to himself as a “(Former) Trillionaire”, giving it a new definition.Binance’s CZ says Elon Musk is “pre-rich”Following a post that showed the SpaceX founder and big Dogecoin fan laughing off his recent decline below the $1 trillion mark, CZ joined the jokes. Risk of XRP Losing $1 Just Spiked Up, Will Zcash…
Cardano is trading at roughly $0.175, bouncing 27% off a June low that touched 2020-era levels at $0.138, and Crypto Banter analyst Sheldon says the altcoin is coiling inside a textbook descending wedge with a September detonation window. The price prediction: a move to $0.50–$0.60, contingent on one make-or-break level holding the key. The central tension here is straightforward: a pattern-based bull case targets 186%–243% upside from current prices, while the wedge’s upper resistance has limited upside attempts. Something has to give, and Sheldon has a timeline for when that will happen. ADA is up +7% over the past week,…
Kraken is bringing perpetual futures to eligible US traders through a regulated derivatives structure, and that is a notable shift for a product category that has usually lived outside the US market. The exchange said the product is offered through NinjaTrader Clearing, LLC, doing business as Kraken Derivatives US, a CFTC-registered Futures Commission Merchant. The contracts are listed on Bitnomial Exchange, LLC, a CFTC-regulated Designated Contract Market. That structure is the point. Perpetual futures have been one of crypto’s most important trading products for years, but US users have largely been locked out of the offshore perpetuals market unless they…
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Daily NK reported that North Korea arrested former state cyber operators accused of hacking two state banks and laundering funds through crypto.
Layer-1 blockchain Dango will wind down operations by halting trading on its perpetual decentralized exchange (DEX) on Wednesday and shutting down its network on Aug. 13.“Despite our best effort, various reasons have led us to conclude there is no viable path to a lasting commercial success,” Dango said in a Friday X announcement.Dango founder Larry Liu added that the team faced cash shortages, legal challenges that slowed momentum, the loss of team members, and broader market conditions.Dango launched its mainnet in January after raising $3.6 million in a 2024 seed round led by Hack VC and Lemniscap. It rolled out…
Fidelity called on the US Senate to pass the CLARITY Act, joining industry groups and crypto firms pushing for market structure legislation.
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