Sony has taken Wall Street abruptly after its banking division, Sony Bank, filed an utility with the U.S. Office of the Comptroller of the Currency (OCC) to set up a nationwide crypto financial institution below its subsidiary “Connectia Trust.” The transfer positions the Japanese tech big to develop into one of many first main international…
Ethereum added 16,181 new builders from January to September 2025, greater than any blockchain, but Solana captured the narrative as the trade’s hottest ecosystem, in line with Electric Capital knowledge. The Ethereum Foundation confirmed that its community stays the “#1 ecosystem for brand spanking new builders in 2025” and hosts 31,869 whole lively builders, almost…
Stablecoin issuer Paxos revealed that it erroneously minted $300 trillion price of PayPal’s PYUSD stablecoin on Wednesday, solely to reverse the error minutes later by burning the surplus tokens. Blockchain records visible on Etherscan confirmed the flurry of minting and burning transactions, exposing a uncommon however dramatic “fat-finger” error within the reportedly tightly managed world…
In a transfer signaling a delicate however vital coverage shift in Washington, the Office of the Comptroller of the Currency (OCC) has granted preliminary conditional approval to Erebor Bank, a brand new monetary establishment backed by know-how prominents Peter Thiel, Palmer Luckey, and Joe Lonsdale. The approval, introduced Wednesday, marks the primary de novo financial…
The proposed merger between Naver and the Upbit crypto exchange operator Dunamu may create a “mega firm” with earnings totaling $2.1 billion a yr, consultants declare. Per reviews from the South Korean media shops Newsis and Wow TV, the Naver-Dunamu merger is “anticipated to generate KRW 3 trillion in consolidated working earnings.” However, consultants say…
The trial of two MIT-educated brothers accused of stealing $25 million price of Ethereum kicked off in Manhattan federal court docket this week, with a prosecutor claiming that the alleged scheme questions “the very integrity of the blockchain” itself. MIT Brothers Await Fate For Purported Ethereum Scheme Anton Peraire-Bueno, 25, and his brother James Peraire-Bueno,…
A sharp crypto sell-off adopted a coverage jolt from Washington. Late Friday, President Trump threatened a 100% tariff on Chinese items. With inventory markets closed, the first response hit venues that by no means sleep. Price gaps grew, liquidity thinned, and leverage cracked. Another shock arrived when U.S. and UK authorities unveiled a sweep towards…
Former TD Ameritrade chairman Joe Moglia declared on Tuesday that each monetary asset shall be tokenized inside 5 years, warning that conventional finance has but to completely settle for this inevitable shift. Speaking on CNBC, Moglia acknowledged, “Five years from now, there’s not going to be a inventory, there’s not going to be an possibility,…
A Bitcoin pockets linked to Chinese mining pool LuBian has woke up after greater than three years of dormancy, transferring almost $1.3 billion value of BTC simply 24 hours after the U.S. Department of Justice (DOJ) introduced one of many largest crypto forfeiture circumstances in historical past, which the agency was allegedly linked to. Blockchain…
Stripe has formally opened the door for customers to pay for AI subscriptions, SaaS instruments, and creator content material utilizing stablecoins. The fee big revealed in an October 14 blog post that companies can now obtain recurring funds in stablecoins throughout main blockchains, with the function at the moment in personal preview for US-based companies….