Peter Thiel-backed Augustus wins OCC nod for AI stablecoin bank has won conditional approval from the OCC to form a US national bank built for AI payments and stablecoin settlement — but the hard part starts now. Conditional OCC approval for Augustus Bank, N.A. Focus: AI-driven payments, stablecoin settlement, programmable clearing Pitch: “the first clearing […]
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Bitcoin Ordinals just took another gut punch: Ord.io and Zap are shutting down on June 1 after running out of money, a rough reminder that hype doesn’t equal a sustainable business. Ord.io shuts down June 1 Zap shuts down June 1 Leonidas King says the team “ran out of money” Bitcoin inscriptions activity has cooled […]
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Capital B just put more firepower behind its Bitcoin treasury strategy, with fresh capital from Adam Back and TOBAM as the France-listed firm keeps stacking BTC while others get skittish. Capital B raised €15.2 million ($17.8 million) in a private placement Adam Back and TOBAM backed the financing Each share came with four subscription warrants […]
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South Korea is accelerating its push for a won-based stablecoin framework as lawmakers and industry leaders warn that dollar-backed tokens could lock the country into someone else’s payment rails. Won-based stablecoin push: Korea wants a domestic answer before dollar tokens become the default Policy race: lawmakers are weighing MiCA, the U.K., and Korea’s digital-asset basic […]
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Senate lawmakers have reached a compromise on the Clarity Act that tightens anti-crypto-crime enforcement while keeping developers from getting flattened by sloppy liability rules. AML tools: tougher action against bad actors Developers: safe-harbor protections held intact Banks: attacking stablecoin language late Momentum: the crypto market structure bill is moving The deal was worked out by […]
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Bitcoin has pulled in a reported $706 million as traders dumped short positions, a sharp reminder that crowded bearish bets can get obliterated fast when momentum flips. $706 million in inflows Traders abandoning shorts Classic short squeeze setup BTC sentiment turns constructive The move points to a notable shift in Bitcoin market sentiment. Instead of […]
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Strategy, formerly MicroStrategy, is back stacking Bitcoin again, adding 535 BTC for about $43 million as BTC hovers near a stubborn $82,000 resistance level, according to the company’s latest disclosed purchase. 535 BTC added for $43 million Strategy keeps buying Bitcoin, no matter the noise BTC is testing $82,000 resistance Corporate Bitcoin accumulation is still […]
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Congress is moving on two fronts at once: the Clarity Act is headed for a Senate Banking Committee vote on Thursday, while the fight over stablecoin yield is getting louder and uglier. One debate is about who gets to police crypto markets. The other is about whether digital dollars should be allowed to pay interest, […]
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The White House’s top crypto advisor has thrown down against bank lobbyists as the fight over stablecoin rewards in the CLARITY Act heats up. Banks say reward programs could pull deposits out of the traditional system and threaten financial stability. The White House camp says the banks had a chance to show up, help shape […]
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The long-awaited CLARITY Act is heading toward a key Senate Banking Committee markup on May 14, and Washington is once again doing what it does best: turning a straightforward crypto market structure bill into a cage match over who controls the rails, the rewards, and the regulatory turf. May 14 markup set for the Senate […]
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