Business

SBI and Startale to Launch Regulated Yen Stablecoin for Global Settlement

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*** NOT FOR PUBLICATION – UNDER EMBARGO UNTIL 8 P.M. AND DEC 15 *** Startale Group and SBI Holdings have signed a memorandum of understanding to develop a fully regulated, yen-denominated stablecoin for global settlement and institutional use, the companies announced in a press release on Monday. The project combines Startale’s blockchain stack, including its […]

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PYUSD issuer PayPal applies for Utah industrial bank license

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Payments company PayPal (PYPL) has applied for a Utah industrial bank license, it announced Monday, with the goal of creating a lending arm called PayPal Bank. The company, which also operates the PYUSD stablecoin through a partnership with Paxos, said in a press release that it intends to “provide business lending solutions” to small businesses

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Filecoin plunges 5% after breaking ascending trend support

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Filecoin SON$1.2662 broke critical technical support on Monday, with the token falling 5.1% to $1.24 as a massive surge in volume signaled institutional selling pressure, according to CoinDesk Research’s technical analysis model. The broader crypto market also fell sharply, with bitcoin down 3.5% and the CoinDesk 20 down 4.4%. Trading volume exploded to 11.74 million

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Bill on the structure of the crypto market: no hearing before 2026

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The U.S. Senate Banking Committee will not hold additional hearings on market structure legislation defining how federal regulators can oversee the industry until next year, awaiting a hoped-for hearing that many were seeking to hold near the end of this week. A committee spokesperson said in a statement Monday that “the chairman [Tim] Scott and

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Nasdaq, Coinbase HQ, Strategy Stocks, 11pm Trading Request

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Nasdaq is preparing to file documents with the U.S. Securities and Exchange Commission (SEC) to enable near-round-the-clock trading, in a bid to adapt to the increasingly global nature of financial markets and investor behavior, Reuters reported on Monday. Under the proposal, Nasdaq would extend trading hours for stocks and exchange-traded products (ETPs) from 4 p.m.

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Why are BTC, XRP, ETH and SOL down today and what’s next?

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Crypto bulls’ pain persisted on Monday as Bitcoin BTC$86,140.88 remained significantly lower during the afternoon in the United States, amid growing investor uncertainty regarding the macroeconomic outlook. Just after the US stock market closed, bitcoin fell 3% in the last 24 hours to $86,000. XRP$1.8961ether ETH$2,940.89 and Solana GROUND$125.75 all fell more than 5%. Most

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UK Supreme Court rejects BSV appeal, reducing $13 billion lawsuit against crypto exchanges

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The UK Supreme Court has refused to hear an appeal in a long-running $13 billion lawsuit brought by Bitcoin investors Satoshi Vision (BSV), upholding lower court rulings that restricted claims against major crypto exchanges over the delisting of the token. In a brief ruling issued on December 8, the court said that BSV Claims Limited’s

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US SEC chief warns watchdogs must be limited in exploiting crypto’s spying power

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WASHINGTON, DC — The federal government could exploit the crypto sector’s potential for mass surveillance if it is not controlled by formal policies, SEC Chairman Paul Atkins said, asserting that the industry is – alternatively – also capable of designing systems that screen users for appropriate protections against illicit financing without jeopardizing their privacy. “It’s

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BlackRock expands its crypto bet with 7 senior hires in the US and Asia

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BlackRock is accelerating its digital assets strategy with a wave of new hires aimed at expanding its crypto and blockchain-related products across the world. The $10 trillion asset manager is hiring for seven digital assets leadership roles, six based in the United States and one in Singapore. The open positions span research, strategy and commercial

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