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Federal Reserve offers limited master accounts long sought by crypto companies

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The U.S. Federal Reserve has taken another step toward limited special payments accounts that would offer a stripped-down version of the main account services the central bank offers its full banks, opening a comment period on the latest description of the new accounts. Companies with diverse business models can use such accounts to clear and […]

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Elon Musk’s SpaceX holds 18,712 bitcoins with a fair value of $1.29 billion, IPO filing shows

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SpaceX officially confirmed plans to go public on Wednesday, paving the way for what could become the largest IPO in history and potentially push CEO Elon Musk to become the world’s first billionaire. The rocket and satellite internet company filed its S-1 registration statement with the U.S. Securities and Exchange Commission, giving investors their first

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Why Trump’s Bitcoin ETF plans likely collapsed before they even took off

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Trump Media & Technology Group likely abandoned plans for its bitcoin BTC$77,336.25 exchange-traded funds (ETFs) because the economics no longer worked. ETF analysts say the company behind Truth Social has been faced with a brutal reality: The spot market for Bitcoin ETFs has become crowded, fees have collapsed, and investors already have more than a

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Latest Congressional development on crypto tax reform would force IRS to revisit de minimis exemptions

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A bipartisan group of lawmakers introduced a revised crypto tax bill on Wednesday that aims to update the tax code to better address crypto use cases and which, if signed into law, would direct the IRS to analyze the effect de minimis exemptions could have. Congressmen Steven Horsford (D-N.V.), Max Miller (R-Ohio), Suzan DelBene (D-Wash.),

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Securitization remains in the red even as record quarter fuels public listing plans

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Securitize reported record quarterly revenue as the tokenization platform continued to advance toward a possible public listing through its proposed SPAC merger with Cantor Equity Partners II (CEPT), highlighting growing institutional demand for real-world tokenized assets despite continued profitability pressures. The Miami-based company said its first-quarter revenue rose 39% year over year to $19.5 million,

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Cryptocurrency custody company Copper is looking to sell the company for $500 million.

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Cryptocurrency custody company Copper has been doing some research itself, looking for a buyer willing to pay around $500 million for the platform, according to two people familiar with the matter. Wall Street investment bank Cantor Fitzgerald has been appointed to help sell the copper, the sources said. Copper and Cantor did not respond to

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Prediction Markets Firms Criticized at Senate Trade Hearing to Examine Surge

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Prediction markets platforms such as those run by Kalshi and Crypto.com drew two hours of critical questions at a U.S. Senate Commerce Committee hearing, including scrutiny of the platforms’ advertising practices, regulatory disputes and the cheating they may encourage. “We want athletes to compete on merit, but the opportunity to win money can incentivize players

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EU opens MiCA consultation to determine if crypto framework is still fit for purpose

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The European Commission said it was investigating whether the European Union’s historic crypto framework, the Markets in Crypto-Assets (MiCA) Regulation, remains fit for purpose as digital asset markets evolve. The consultation, which remains open until August 31, seeks responses from the public and industry stakeholders, including crypto companies, financial institutions, technology providers, academics and consumer

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