Visa, Stripe, Coinbase and more join Open USD stablecoin that shares reserve revenue
Expected to launch later this year, Open Standard said businesses will be able to mint and redeem Open USD without fees or volume limits.
The Block•Kyle Baird30 JunThe Block — page 48
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Coverage, page 48
page 48 of 61The Block•Kyle Baird30 Jun
OKX AI unveils marketplace for agents to find work and get paid in stablecoins
“Think Upwork for Agents with our fintech infrastructure and 150M scale in the background," an OKX rep said.
The Block•Daniel Kuhn30 Jun
New Zcash nonprofit Sovright unveils ZEC wallet recovery tool
Argos is a recovery tool for users who had shielded funds stuck on ZEC Wallet Lite, an issue impacting some longtime Zcash supporters.
The Block•Daniel Kuhn30 Jun
MetaMask unveils all-in-one Money Account offerings users up to 4% APY on mUSD holdings
Consensys tapped Monad as Money Account's “home chain," and will initially use Morpho vaults to generate yield.
The Block•Daniel Kuhn30 Jun
Sharplink buys 10,000 ETH, repurchases 2.13 million SBET shares in latest buyback
Sharplink bought 10,000 ETH and repurchased 2.13 million SBET shares after completing a $75 million capital raise.
The Block•Brian Danga30 Jun
TD Cowen slashes Strategy target to $260 on bitcoin outlook, calls new capital framework ‘constructive’
TD Cowen cut its Strategy price target to $260 from $400 on a lower bitcoin forecast, while calling its new capital framework "constructive."
The Block•Naga Avan-Nomayo30 Jun
StarkWare unveils Starknet post-quantum roadmap, calling it crypto’s ‘strongest’ to date
StarkWare debuted a three-phase roadmap to make Starknet quantum-ready within months, according to the company.
The Block•Brian Danga30 Jun
New York Life makes first tokenized move partnering with Centrifuge on high-yield corporate bond strategy
The tokenized fund will enable eligible investors to access NYLIM’s established institutional high-yield strategy.
The Block•Daniel Kuhn30 Jun
Hollywood director Carl Rinsch sentenced to 30 months for diverting $11 million in TV production funds to stock options, crypto and luxury purchases
"47 Ronin" director Carl Rinsch got 30 months in prison for stealing $11M meant for a Netflix show, spent on crypto and Rolls-Royces.
The Block•Naga Avan-Nomayo30 Jun
Kalshi hit with 14-day restraining order in Michigan, blocking sports prediction markets in state
Jurisdiction over prediction market platforms is an ongoing dispute between the CFTC and multiple state regulators.
The Block•Danny Park30 Jun
Benchmark sees over 500% upside in Strategy, reiterates $570 target on new capital framework
Benchmark reiterated its Buy rating and $570 target on Strategy, citing its new active two-way capital management framework.
The Block•Brian Danga30 Jun
Self-exiled Chinese billionaire sentenced to 30 years for fraud involving crypto
Guo was arrested in 2023 for orchestrating a more than $1 billion fraud conspiracy involving cryptocurrency.
The Block•Timmy Shen30 Jun
Securitize to debut on NYSE this Thursday after gaining final nod for merger
Securitize announced that shareholders of Cantor have greenlit the business combination, which is expected to close on Wednesday.
The Block•Danny Park30 Jun
Ark Invest loads up on Coinbase, Circle, Bullish, Robinhood shares as stocks rally higher
Ark bought $6.85 million worth of Coinbase, $6.21 million worth of Circle Internet Group, and $3.54 million in Bullish on Monday.
The Block•Danny Park30 Jun
UK sets capital, market abuse rules in landmark crypto framework
The FCA finalized UK crypto rules covering capital, stablecoins and market abuse ahead of Oct. 2027 implementation.
The Block•Brian Danga29 Jun
TD Cowen says crypto market structure bill passage ‘far from assured’ before midterm election
The passage of the crypto market structure bill, or Clarity Act, before the November midterm election is "far from assured," said TD Cowen.
The Block•Yogita Khatri29 Jun
SEC wraps up NanoBit crypto fraud case in final judgment, ordering over $5 million in fines
The SEC resolved its case against NanoBit after alleging the crypto platform lied to investors and stole their money.
The Block•Sarah Wynn29 Jun
Arkham launches ranking system for prediction market traders
The highest Elo-ranked trader, “GardenerCx,” has a win rate of 64.3% over 2,644 bets focused on up/down bitcoin markets.
The Block•RT Watson29 Jun
JPMorgan execs draw comparison between yield stablecoins and ‘shadow banking’
JPMorgan execs argued that stablecoin innovation can easily drift into “shadow banking” if yield payments are permitted.
The Block•Daniel Kuhn29 Jun
BNY and Circle expand partnership, adding mint and burn capabilities for USDC
BNY, the world's largest custodian bank, said it plans to add support for additional stablecoin via its Digital Asset Custody platform.
The Block•Daniel Kuhn29 Jun