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Macro

XRP Gaining Nasdaq Exposure as Evernorth Takes 473M XRP Public

Evernorth has completed its merger, bringing an actively managed XRP treasury to public markets ahead of expected Nasdaq trading. Its debut week will also feature a Times Square premiere celebrating the community behind the cryptocurrency. 473 Million XRP Moves Into a Public Company Stock market investors are set to gain exposure to an actively managed […]

Macro

Argentina’s Central Bank Rejects Near-Term Crypto Banking Integration

The institution rejected crypto integration into payment service providers and the banking sector for the next two years, leaving the door open to these measures in a hypothetical second Milei term, hinting at lifting the current ban on banks managing crypto. Argentina Rejects Near Future Changes In Crypto Banking Integration While Argentina has reached one […]

Macro

Credit Unions Could Face 26 New Stablecoin Reporting Fields

Credit unions involved with stablecoins could face 26 new federal reporting fields covering custody, issuer exposure, and their own holdings. The proposal seeks more detailed supervision as community institutions explore digital dollar services. Stablecoin Custody and Holdings Face Closer Oversight Federally insured credit unions could have to disclose more about their stablecoin businesses through 26 […]

Macro

Crypto Founder Charged in Alleged $9 Million Memecoin Rug Pull

Kishu Inu grew into a billion-dollar cryptocurrency, and its creator allegedly collected millions from undisclosed token sales. Federal prosecutors now accuse him of misleading investors while selling holdings secretly allocated before the public could buy. Kishu Inu Creator Charged Over Alleged $9 Million Rug Pull Investors in Kishu Inu allegedly received false assurances about its […]

Macro

US eyes $1 billion Iran-linked crypto seizure, Bessent says

U.S. Treasury Secretary Scott Bessent has said authorities have located about $1 billion in Iran-linked cryptocurrency that they could seize this week as Washington presses ahead with financial restrictions against Tehran. Scott Bessent said at Newsmax’s NPolicy Summit in Washington…

Macro

Why is crypto market going down today?

Crypto prices fell as oil climbed, Treasury yields and the dollar rose, while more than $400 million in leveraged longs were liquidated.

Macro

IRS lets qualifying crypto trusts stake assets without losing tax status

The U.S. Internal Revenue Service has updated its safe harbor allowing qualifying investment and grantor trusts to stake proof of stake digital assets without jeopardizing their federal income tax classification. According to Revenue Procedure 2026-20, issued on Oct. 6, the…

Macro

So-Called Crypto ‘Godfather’ Gets 78 Months as $37M Meta Fraud Unravels

Adam Iza called himself “The Godfather” and used money from a roughly $37 million Meta advertising fraud to hire off-duty Los Angeles County sheriff’s deputies. Five former deputies have since been convicted. On Oct. 5, a federal judge sentenced Iza to 78 months and ordered $23.4 million in restitution. The prison term runs alongside a […]

Macro

Evernorth Sets New XRP Treasury Timeline After Administrative Delay

Stock market access to Evernorth’s XRP treasury is expected later than previously planned after an administrative delay. The company has revised its merger and Nasdaq trading timetable while maintaining that the setback should not affect completion. Administrative Delay Moves Evernorth’s Nasdaq Target Investors awaiting Evernorth’s planned public debut face a revised schedule, Evernorth shared in […]

Macro

US Treasury drops proposed reporting rules for wallets and crypto mixers

The U.S. Treasury has moved to withdraw two proposed crypto rules from 2020 and 2023 that would have expanded financial institutions’ reporting and recordkeeping duties for self-custody wallets and mixing transactions. FinCEN, the Treasury bureau responsible for enforcing the Bank…

Macro

US Treasury Moves to Scrap Proposed Crypto Wallet, Mixer Surveillance Rules

FinCEN, a bureau of the U.S. Treasury Department, is planning to kill two crypto surveillance proposals that spent years hanging over self-custody and privacy tools without ever becoming law. One would have required banks and money transmitters to collect information on certain self-hosted wallet transactions above $3,000 and report larger ones above $10,000. The other […]

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