US credit union regulator proposes stablecoin licensing path
The US National Credit Union Administration proposed a federal licensing regime for payment stablecoin issuers operating through credit union subsidiaries.
Bankers push OCC to slow crypto trust charters until GENIUS rules clarified
The American Bankers Association pressed the OCC to delay new national trust bank charters for crypto and stablecoin firms until the GENIUS Act framework is fully in place.
Binance completes $1B Bitcoin conversion for SAFU emergency fund
Binance completed its $1 billion Bitcoin conversion for its emergency user fund as crypto sentiment hit record lows and smart money traders increased short exposure.
Cathie Wood’s ARK Invest bought nearly $50 million of Robinhood, Bullish and Circle shares as Bitcoin dipped and US spot BTC ETFs saw $276 million in outflows.
Strategy CEO eyes more preferred stock to fund Bitcoin buys
Strategy CEO Phong Le says the company is moving away from issuing and selling common stock to buy Bitcoin and isn't interested in acquiring Bitcoin treasuries.