Fidelity Debuts GENIUS Act Aligned Stablecoin Reserve Fund With 0.25% Fee
Key takeaways Fidelity launched FYMXX on June 15, a fund for stablecoin issuers under the GENIUS Act. FYMXX’s 0.25% fee…
3 min read
Category: Business
Crypto Biz: Is AI the exit strategy for miners?
Bitcoin miners double down on AI, tokenized RWA exceeds $43 billion, Ripple strengthens its African payments network and Sam Bankman-Fried…
1 min read
Binance Faces Decisive MiCA Deadline as BNB Falls
BNB has fallen almost 5% as uncertainty around Binance’s European regulatory status collides with a risk-off move in crypto markets…
4 min read
China Onboards 26 Global Institutions to Its New Digital Yuan Cross-Border Payment Network
Key takeaways The Central Bank of China added 26 banks to CBETS on Tuesday to boost cross-border adoption of the…
2 min read
U.S. Agencies Seek Stable Customer ID Rules Similar to Banks in New GENIUS Act Rule
These standards, according to the proposed rule“shall include reasonable procedures for: (1) verifying the identity of any person seeking to…
2 min read
Bitcoin miners need $50 billion for AI pivot as IREN faces $21 billion funding gap
Public Bitcoin miners are increasingly seen as AI infrastructure companies, but turning that narrative into reality could require around $50…
3 min read