Fenwick & West, a outstanding Silicon Valley regulation agency, has rejected allegations that it performed a central function within the collapse of crypto trade FTX, calling the claims “facile” and “flawed” in a court filing on Monday. Key Takeaways: Fenwick & West has rejected claims it enabled FTX’s collapse, calling the allegations speculative and flawed….
Treasury Secretary Scott Bessent confirmed on Monday that interviews will start after Labor Day to determine a successor to Federal Reserve Chair Jerome Powell, with 11 candidates into consideration. The method, overseen by President Donald Trump and his prime financial aides, may very well be a turning level for U.S. financial coverage because the White…
Meme coin prophet Murad Mahmudov is doubling down on his declare that SPX6900 (SPX) received’t simply be larger than it’s now – he thinks will probably be larger than Bitcoin (BTC). It’d sound insane to market veterans, however SPX is fueled totally by perception – tradition over capital, memes over establishments. And now TOKEN6900 (T6900),…
Fundstrat Chief Investment Officer Tom Lee has predicted that Ethereum will rally in the near term to $5,500, with an ambitious year-end target of $12,000. During his August 26 guest appearance on the Amitis Investing program, Lee disclosed that institutional Wall Street sentiment toward Ethereum has shifted dramatically following the U.S. Senate’s passage of the…
Healthcare company KindlyMD has filed a $5 billion at-the-market equity offering with the SEC to fund its aggressive Bitcoin treasury strategy, marking one of the largest corporate crypto accumulation programs announced this year. The Utah-based firm, trading under the ticker “NAKA” on the Nasdaq Global Market, plans to use the proceeds for general corporate purposes,…
Key Takeaways: Zhou Xiaochuan warns that full-reserve stablecoins can still amplify systemic risk through leverage and trading channels. The Hong Kong and U.S. frameworks have begun addressing custody and issuance, but Zhou calls the current oversight insufficient. A new study suggests stablecoins face a one-in-three chance of collapse over the next decade due to crisis-induced…
Thailand’s Ministry of Finance has selected KuCoin as its inaugural crypto exchange partner to participate in a consortium backing its G-Token initiative, the world’s first publicly offered tokenized government securities program. According to an official partnership announcement posted on X, KuCoin Thailand, the exchange’s locally regulated subsidiary, will collaborate with partners XSpring Digital, SIX Network,…
Stablecoin liquidity continues to expand, but the pace of growth has slowed considerably, according to the latest analysis from CryptoQuant. Weekly expansions in stablecoin market capitalization have dropped to around $1.1 billion. This is in stark contrast to the $4–8 billion weekly inflows observed in late 2024, which were instrumental in supporting Bitcoin’s sharp upward…
Finastra, a monetary providers software program agency, has introduced a collaboration with Circle Internet Group, Inc. (NYSE: CRCL), a stablecoin agency, to permit banks to combine USDC settlement into cross-border fee flows. Increasing the way forward for cross-border funds with @FinastraFS and @USDC. The collaboration will allow USDC settlement to Finastra’s established community of economic…
Altcoin season remains fragmented, yet trading volumes and selective rallies continue to emerge. Cronos is the clearest example this week, advancing sharply after new corporate and structural developments pushed activity higher. Altcoin season is not simply defined by broad rallies across all tokens. Instead, capital is shifting toward assets with liquidity, direct trading pairs, and…