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Trump pocketed over $1 billion from crypto ties as industry heads into doldrums

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The same section also notes that Trump held up to $250,000 in US dollars, up to $15,000 in USDC stablecoin, over $50 million in Ethereum ether (ETH), over $50 million in bitcoin. BTC$58,465.30 and a combined total of $6 million and variations in various other cryptocurrencies under DT Marks Defi LLC, the Trump Organization-affiliated entity […]

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Phantom crypto wallet digs deeper into criminal recruiting team behind Hyperliquid’s OpenAI and Anthropic marketplaces

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The race also extends beyond crypto. Last month, prediction market operator Kalshi launched its own perpetual futures business after regulatory approval, joining exchanges betting that permanent derivatives will become a larger part of financial markets. For Phantom, the hires are part of a broader push into trading. Best known as one of crypto’s largest self-custody

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Companies that spend the most on AI create jobs, Ramp study finds

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Researchers caution that AI adopters are not representative of the economy as a whole. Companies adopting AI were already larger, growing faster, were more technical, and were more likely to be venture-backed before deploying the technology, making a simple comparison with non- adopters misleading. To account for this, the study compares early adopters with similar

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The UK’s FCA lowers stable capital reserves to 1%, weakening the EU’s MiCA.

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The UK’s Financial Conduct Authority (FCA) has reduced proposed capital requirements for stablecoin issuers as it sets out its formal guidance on regulating cryptocurrencies. The financial services regulator has reduced the amount of financial support that must be set aside to 1% of the total value of stablecoins it issues. It was previously 2%. This

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Circle (CRCL) Selloff May Be an “Overreaction,” But Open USD Faces Adoption Test

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Still, he argued that Circle’s 16% drop Tuesday went too far. “I think it’s an overreaction,” he told CoinDesk. Circle Selling (TradingView) He pointed to Paxos’ Global Dollar Network (USDG), another consortium-backed stablecoin that shares its reserve revenue with partners but has yet to gain significant market share. Its supply has grown to $3 billion

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SEC rethinks new ETFs as it opens comment period on US rule overhaul

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The current process allows ETFs that meet certain conditions to access the markets without requiring a complicated exemption application to the regulator, and this approach has seen explosive growth, from $4 trillion in 2019 to $12 trillion in 2025. “It is designed to build a case that could be used to justify policy changes in

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Bitcoin and Ether Test Price Bottom as US Stocks and Dollar Hold Stable

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Bitcoin BTC$59,347.81 fell 1.5% on Tuesday after failing to hold above $60,000 on Monday. It is now trading at $59,250, which looks set to challenge the weekend low of $58,800. Ether (ETH) is down 1.73% since midnight UTC, trading at $1,580 after failing to breach the $1,640 mark. Both assets are now testing critical multi-year

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Chinese exile once linked to Trump strategist sentenced to 30 years in prison for billion-dollar fraud

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A US judge has sentenced Chinese businessman Miles Guo, the billionaire behind fraudulent crypto firm Himalaya Coin, to 30 years in prison, long after a trial jury found the well-connected defendant guilty of multiple crimes in 2024. Guo, 55, also known as Ho Wan Kwok and several other aliases, was a self-imposed exile from China

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Nasdaq expands distribution of its market data into blockchain infrastructure

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Nasdaq is expanding the distribution of its market data into blockchain infrastructure, making one of its flagship stock data products available through the Pyth network, as financial firms increasingly build trading and settlement applications on blockchain rails. The exchange operator announced Tuesday that it will release its TotalView market data through Pyth Data Marketplace, a

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Circle (CRCL) slides as Stripe, Coinbase (COIN) and BlackRock (BLK) support rival stablecoin network

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As more institutions adopt stablecoins, competition increasingly shifts from issuing tokens to determining who controls the underlying infrastructure and network. Unlike most existing stablecoins, Open USD will allow companies to create and trade tokens without fees while returning reserve income to participating partners, minus management fees. Governance will also be shared among members rather than

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