Fed Minutes, Senate Deadline Meta stablecoin: Crypto Week Ahead
Your preview of what’s to come in the week starting May 18.
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Standard Chartered to acquire remainder of its Zodia Custody subsidiary
The bank’s offer to acquire the tranche of Zodia Custody that it does not already own was accepted by the company’s other shareholders and bondholders.
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UK financial payments network ready for tokenization, regulators say
The UK’s financial watchdog and central bank have revealed their roadmap for tokenization, the use of stablecoins for institutional settlement and a gradual transition to 24/7 operation.
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Top Treasury lawyer resigns after creation of “Anti-armament Fund”
The Treasury Department’s top lawyer resigned Monday over the creation of a $1.8 billion “anti-arms fund” that could soon make payments to President Trump’s political allies, according to three people familiar with the matter. Brian Morrissey, the Treasury’s general counsel, left his post seven months after the Senate confirmed him and just hours after the
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The strategy made a colossal $2 billion purchase of bitcoin last week
Michael Saylor and his team added 24,869 BTC last week, bringing the total holdings to 843,738 coins.
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Bitmine Buys the Dip as Tom Lee Links Ether Pullback to Rising Oil Prices
The Ethereum treasury company purchased over 71,000 ETH last week, a large increase from the previous week’s purchases.
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Bitcoin faces outsized quantum threat as computing breakthroughs accelerate, says Citi
The bank said accelerating progress in quantum computing shortens the risk timeline for crypto and broader internet infrastructure, with Bitcoin seen as particularly exposed.
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SEC to Propose Framework for Token Actions as Wall Street Efforts Intensify: Bloomberg
The United States Securities and Exchange Commission is reportedly set to release a major crypto proposal as it seeks to build out its digital assets program.
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Minnesota banks and credit unions set to take custody of cryptocurrencies on August 1
Minnesota created the Midwest’s first unified digital asset safety net for banks and credit unions.
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