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Business

U.S. Bank’s first stablecoin payment went to its own European arm

U.S. Bank issued USBDC on Stellar and used it to pay its own European arm. No customer can hold the token yet, and the bank is the only witness.

The Defiant and U.S. Bancorp 2 months ago · 5 min read
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Business

Nasdaq puts $100m into Kraken’s owner at a $21bn valuation

Nasdaq's $100m stake values Kraken's owner at $21bn, about 58% above the figure implied by April's reported Deutsche Boerse investment in the same firm.

CoinDesk 2 months ago · 6 min read
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Markets

Robinhood’s stock tokens don’t come with a shareholder’s rights

Vlad Tenev says stock tokens shouldn't need issuer consent and confirms holders get no votes. Here's what a tokenised share actually is, and isn't.

The Defiant, with additional context from CryptoSlate 2 months ago · 9 min read
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Business

Consensys is splitting in two and rebranding as MetaMask

The wallet business keeps the existing corporate entity, while the Consensys name moves to a new company. Completion isn't expected until late 2026.

The Defiant, CoinDesk, Cointelegraph and Decrypt 2 months ago · 5 min read
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Technology

3,400 bitcoin returned to Liquid, 598 still missing

Roughly 598 BTC, about $47m, is still outstanding after the Liquid federation drain. The sidechain remains paused and Blockstream has stayed quiet.

The Defiant, CoinDesk and Decrypt 2 months ago · 7 min read
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Business

Block has applied for a federal bank charter to custody bitcoin

A national trust charter would put Block's bitcoin custody under one federal supervisor. It brings no deposits, no lending and no FDIC insurance.

Decrypt and The Defiant 2 months ago · 5 min read
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Technology

Ethereum sets a 2029 target for quantum-proofing its network

The Ethereum Foundation wants post-quantum cryptography live by the end of 2029. Nothing has shipped yet, and its own docs call the date a milestone.

CoinDesk, The Block and The Defiant, with the Ethereum Foundation's own documentation 2 months ago · 9 min read
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Policy

Crypto’s lobby is buying TV ads for a vote that only opens debate

The 15 September Senate vote needs 60 votes just to open debate on the CLARITY Act. Crypto's lobby is spending seven figures on cable ads to get there.

CryptoSlate, with additional reporting from The Defiant 2 months ago · 8 min read
Business

Wyoming adds near-live reserve checks to its state-issued dollar token

Wyoming's FRNT token will show its reserves onchain via Chainlink. The feed proves assets existed when checked, not who can claim them.

Cointelegraph and The Block 2 months ago · 5 min read
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Policy

Thailand will require proof you control your own crypto wallet

Thai platforms must check customers control the private wallets they withdraw to and keep the records five years. Britain's own rule asks for less.

Cointelegraph 2 months ago · 7 min read