Crypto

A solo Bitcoin miner defied the odds and won a block reward worth around $282,000 with the help of mining service, Solo CKPool.

The company is considering multiple paths to ensure liquidity for new investors eyeing a stake in the private stablecoin business. Tether, the stablecoin company that issues the USDt (USDT) dollar-pegged token, is considering tokenizing investor equity and share buybacks to offer liquidity for investors as it seeks a $500 billion valuation. Bloomberg reported on Friday, citing a source familiar with the matter, that Tether recently stopped an existing shareholder from selling their stake as the company is in talks to raise $20 billion for a 3% stake in the stablecoin's issuer business. The investor sought to sell a $1 billion stake that valued Tether at $280 billion, Bloomberg reported. In response, Tether plans to offer investor liquidity through tokenization or share buybacks after the funding round closes. Read more

The Depository Trust Company, the U.S. financial market infrastructure provider that clears and settles securities trades, said the SEC has given it informal approval to move ahead with a tokenization service for some assets it already holds in custody, without facing enforcement action. The letter sets conditions for a time-limited rollout and ongoing reporting while […] The post The 3-day wait to settle your stock trades is about to die, thanks to a new SEC approval you missed appeared first on CryptoSlate.

U.S. crypto regulation has shifted this week as Trump’s 2025 NSS has skipped digital assets; SEC has ended its Ondo inquiry, CFTC has set a BTC/ETH/USDC collateral pilot and withdrawn 2020 guidance; Congress has revived the CBDC fight as banks gain new permissions. Senate vote nears for Michael Selig. The post Weekly Crypto Regulation Roundup: SEC Pulls Back, CFTC Expands and Trump’s Influence Grows appeared first on Cryptonews.

Interactive Brokers has begun allowing U.S. retail clients to fund brokerage accounts with Stablecoin USDC from personal wallets, using Zerohash in phases. Clients select Ethereum, Solana, or Base; deposits convert to dollars after confirmation. Limits: $10 min, $25k per transfer/day, $100k monthly. The post Interactive Brokers Begins Allowing Stablecoin Deposits for U.S. Retail Clients appeared first on Cryptonews.

Sam Altman breaks his December promise as OpenAI delays ChatGPT's adult content feature into at least Q1 next year.

The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.

Hedera's native token retreated from resistance levels as institutional volume surged during key reversal hour.

Stablecoin issuer Tether moved to prevent equity sales as Bloomberg reports plans to raise funds at a $500 billion valuation.

Figure is planning a second IPO to issue blockchain-native equity on Solana, enabling onchain trading and DeFi use cases beyond traditional stock markets. Figure Technology, a blockchain-based financial services company focused on tokenized assets and lending, has filed for a second public offering aimed at issuing native equity directly on a public blockchain. The move, which follows the company’s recent Nasdaq listing, is designed to expand decentralized finance (DeFi) use cases on Solana. Speaking at the Solana Breakpoint conference, Figure executive chairman Mike Cagney said the company has submitted a filing with the US Securities and Exchange Commission (SEC) to launch what he described as “a new version of Figure equity on a public blockchain,” specifically Solana. Cagney said the blockchain-native equity would not trade on traditional exchanges such as Nasdaq or the New York Stock Exchange, nor would it rely on introducing brokers like Robinhood or prime brokers such as Goldman Sachs.  Read more

Garlinghouse said this is a massive step forward.

Circle, Ripple among five stablecoin issuers conditionally approved for national trust banking charters as market hits $313 billion.

Relaxing the current rules for traditional retirement funds and pension plans could attract trillions of dollars of capital flows into crypto. A growing rift has emerged in Washington, D.C., between the cryptocurrency industry and labor unions as lawmakers debate whether to ease rules allowing cryptocurrencies in 401(k) retirement accounts. The dispute centers on proposed market structure legislation that would allow retirement accounts to gain exposure to crypto, a move labor groups say could expose workers to speculative risk. In a letter sent on Wednesday to the US Senate Banking Committee, the American Federation of Teachers argued that cryptocurrencies are too volatile for pension and retirement savings, warning that workers could face significant losses. The letter drew immediate pushback from crypto investors and industry figures. “The American Federation of Teachers has somehow developed the most logically incoherent, least educated take one could possibly author on the matter of crypto market structu...

The firms have obtained conditional approval from the Office of the Comptroller of the Currency to convert into national trust banks.

House Financial Services has urged the SEC to let Bitcoin and other digital assets into 401(k) plans, tying the push to Trump’s Aug. 7 executive order and H.R.5748. Critics including the American Federation of Teachers, have warned about volatility, fraud risk, and ERISA duties. BTC has edged up 2%. The post Bitcoin at $90K After House Letter – SEC Faces New 401(k) Crypto Deadline appeared first on Cryptonews.

ETH is down by almost 4.5% in the past hour alone.

The conditional approvals clear a path for major crypto companies to operate as national trust banks under the supervision of the US OCC. The US Office of the Comptroller of the Currency has conditionally approved five national bank charter applications for companies tied to the digital assets industry. In a Friday notice, the OCC said it had conditionally approved BitGo, Fidelity Digital Assets and Paxos to convert their existing state-level trust companies into federally chartered national trust banks. In the same announcement, the regulator said it had conditionally approved new applications from Circle and Ripple for national trust bank charters. “New entrants into the federal banking sector are good for consumers, the banking industry and the economy,” said Jonathan Gould, the Comptroller of the Currency, adding: “The OCC will continue to provide a path for both traditional and innovative approaches to financial services to ensure the federal banking system keeps pace with the evolution of finance and su...

Bitcoin holds near $92K as exchange supply drops, leverage declines, and the price compresses - setting up potential for a breakout.

Carl Erik Rinsch, a Hollywood director and writer, was convicted of stealing $11 million from Netflix. A part of the ill-gotten gains went into crypto. The post ‘47 Ronin’ Director Convicted of $11 Million Fraud in Netflix Case appeared first on Cryptonews.

The People's Bank of China just logged its thirteenth straight month of gold purchases, extending one of the most deliberate reserve-management campaigns of the post-crisis era. These purchases signal that the world's second-largest economy is shifting deeper into sovereign-controlled, seizure-resistant assets. Against this backdrop, crypto analysts see the PBoC's buying streak not as a bullish […] The post China’s massive gold spree inadvertently exposes a critical shift in how smart money escapes risk appeared first on CryptoSlate.