The European Union is accelerating work on a digital euro and is weighing public blockchains, together with Ethereum and Solana, for issuance and settlement, per the Financial Times. The transfer follows passage of U.S. stablecoin legislation and a market dominated by dollar-pegged tokens, a backdrop that raises considerations inside European establishments concerning the euro’s position…
Coinbase CEO Brian Armstrong has projected that Bitcoin could reach $1 million by 2030, In an Aug. 20 post on X, Armstrong explained that the improved regulatory environment and increasing government adoption are major drivers that would push the top crypto to the historic milestone. According to him: “Regulatory clarity is finally emerging, the US…
Allianz declared Bitcoin (BTC) a “credible store of value” in a recent investment report, marking the first time the $2.5 trillion asset manager has endorsed digital assets as a legitimate institutional investment. The report, titled “Bitcoin and Cryptocurrencies: The Future of Finance,” represents a dramatic shift from Allianz’s 2019 policy against Bitcoin investments. The German…
State Street launched its first digital debt securities using JPMorgan’s Digital Debt Service, executing a $100 million commercial paper transaction. According to an Aug. 21 statement, State Street Investment Management purchased the commercial paper for its Short Term Investment Fund. The debt securities are issued, settled, and serviced using blockchain technology, delivering streamlined institutional market…
MetaMask, the widely used self-custodial wallet, has revealed plans to launch its own stablecoin, MetaMask USD (mUSD), later this year. According to an Aug. 21 statement, mUSD will initially debut on Ethereum and Linea L2, where it will become a key component of Linea’s growing DeFi ecosystem. The project will be developed in collaboration with…
Asia’s financial services giant DBS has launched its tokenized structured notes on the Ethereum network for accredited and institutional investors, marking a public-chain expansion of the bank’s digital asset program. The notes are issued on Ethereum and sold in smaller ($1,000) units than conventional private-bank products, targeting distribution to eligible clients via licensed platforms. The…
Wealthy Asian families and their investment arms are rapidly increasing their exposure to crypto, driven by strong market returns, favorable regulation, and the perception that digital assets are now a core part of diversified portfolios. Key Takeaways: Asian family offices are pouring capital into crypto, with NextGen raising over $100M in months. UBS says Chinese…
Windtree Therapeutics, a struggling biotech firm that rebranded itself around holding BNB reserves, is set to be delisted from the Nasdaq after its stock collapsed below the exchange’s minimum price requirement. According to a filing with the Securities and Exchange Commission, Nasdaq will remove Windtree from its listings on Aug. 21 after the company failed…
Blockchain.com has strengthened its management ranks with the addition of Timothy Flynn, the previous chairman and CEO of KPMG, to its board of administrators. Key Takeaways: Blockchain.com expands board with high finance leaders, including ex-KPMG CEO Timothy Flynn and Klaviyo CLO Landon Edmond. The agency’s board now has 9 members, reflecting experience throughout Wall Avenue,…
China is evaluating yuan-backed stablecoins for the first time, with the State Council set to review a roadmap on currency internationalization and stablecoin usage later this month, per Reuters. The plan would assign regulatory responsibilities, outline risk controls, and task the People’s Bank of China with implementation, and pilot activity is expected in Hong Kong…