Why Did Ripple Consider Closing the Company? Ripple came close to shutting down rather than fighting the U.S. Securities and Exchange Commission after the agency sued the company in 2020, Chief Executive Brad Garlinghouse said this week. Speaking at the University of Kansas School of Business, Garlinghouse said he and co-founder Chris Larsen seriously considered
Why Is the DOJ Moving to Drop the BitClub Case? The U.S. Department of Justice is planning to drop charges against Matthew Goettsche, the alleged ringleader of the BitClub Network Ponzi scheme, after a years-long prosecution tied to one of the largest crypto fraud cases from the last cycle. Goettsche was credited with creating BitClub
Why Is CRYL Entering Bitcoin-Backed Lending? Japanese lender CRYL has launched Bitcoin-backed loans of up to 1 billion yen, or about $6.2 million, giving individuals and businesses a way to raise fiat currency without selling their BTC. The product allows borrowers to access between $6,200 and $6.2 million at annual interest rates of 3.5% to
Why Is a Digital Dollar Ban Inside a Housing Bill? A bipartisan housing bill that includes a temporary ban on a U.S. central bank digital currency is set to become law without President Donald Trump’s signature, placing digital dollar policy inside one of the year’s most unusual legislative outcomes. The 21st Century ROAD to Housing
Why Are SK Hynix Shares Moving Into Tokenized Markets? Tokenized shares of SK Hynix are now available to users of Wallet in Telegram, bringing exposure to the South Korean chip supplier directly inside one of the world’s largest messaging platforms. Wallet in Telegram, the native crypto wallet built into Telegram’s interface, is offering access to
Hyperliquid Policy Center and Phantom have urged the Commodity Futures Trading Commission to clarify that publishing onchain protocol software should not, by itself, trigger registration as a derivatives exchange, clearinghouse, broker or swap dealer. In a joint comment letter filed July 9, the two organizations said the CFTC should draw a clearer line between neutral
Anthropic has appointed former Federal Reserve Chair Ben Bernanke to its Long-Term Benefit Trust, adding one of the world’s best-known economists to the independent oversight body that helps hold the AI company to its public-benefit mission. The company announced the appointment on July 9, saying Bernanke will join the trust as its newest member. The
Crypto ETF flows weakened further on Thursday, July 9, as U.S.-listed Bitcoin and Ether funds recorded combined outflows of $147.5 million, extending the uneven post-holiday trend in institutional digital asset demand. According to Farside Investors, spot Bitcoin ETFs posted $95.3 million in net outflows on July 9, while Ether ETFs lost $52.2 million. Solana ETFs
The European Parliament’s Committee on Economic and Monetary Affairs has approved its negotiating position on legislation creating a digital euro, moving the European Union one step closer to launching a central bank digital currency designed to strengthen Europe’s payments sovereignty while preserving privacy and financial stability. MEPs voted 43-14 in favour of the proposal, which
Why Does TRON’s $90 Billion USDT Milestone Matter? The circulating supply of USDT on the TRON blockchain has exceeded $90 billion, reinforcing the network’s role as one of the largest settlement layers for stablecoin activity. The milestone comes as stablecoins continue to serve as a core part of crypto market infrastructure, used for transfers, exchange