Source: Cointelegraph US President Donald Trump is expected to sign off on a resolution undoing a rule that requires DeFi protocols to report to US tax authorities. US President Donald Trump is expected to sign a resolution to kill a Biden administration-era rule that requires decentralized finance (DeFi) protocols to report to the Internal Revenue… Continue reading Resolution to Kill IRS DeFi Broker Rule Heads to Trump’s Desk
Category: Market News
Custodia and Vantage Bank Partner for ‘First Bank-Issued Stablecoin’
Source: Cointelegraph Custodia Bank said it partnered with Vantage Bank to tokenize US dollar demand deposits and issue them on Ethereum. The crypto-friendly Custodia Bank has worked with Vantage Bank to complete what the two firms say is “America’s first-ever bank-issued stablecoin” on a permissionless blockchain. Custodia said on March 25 that it tokenized US… Continue reading Custodia and Vantage Bank Partner for ‘First Bank-Issued Stablecoin’
BlackRock Expands BUIDL to Solana as Tokenized Fund Surpasses $1.7 Billion
Source: CoinMarketCap BlackRock’s tokenized money market fund, BUIDL, has expanded to the Solana blockchain as its assets under management (AUM) surpass $1.7 billion. BlackRock’s tokenized money market fund, BUIDL, has expanded to the Solana blockchain as its assets under management (AUM) surpass $1.7 billion. The fund, launched in March 2024 in partnership with Securitize, has… Continue reading BlackRock Expands BUIDL to Solana as Tokenized Fund Surpasses $1.7 Billion
Pirating Pioneer Napster Sells for $207M with Plans for Music Metaverse
Source: Cointelegraph AI startup Infinite Reality has bought the former music-sharing platform Napster with plans to add a music-focused metaverse to the music-streaming app. Artificial intelligence startup Infinite Reality has acquired the music-pirating app turned music streaming service Napster in a $207 million deal and plans to add a music-focused metaverse. Infinite Reality said in… Continue reading Pirating Pioneer Napster Sells for $207M with Plans for Music Metaverse
Trump Family Venture Plunges Deeper Into Crypto With New ‘Stablecoin’
Source: MSN The Trump family’s World Liberty Financial is launching a stablecoin, its latest bid to capitalize on a crypto-market revival kindled by the president’s election. World Liberty’s USD1 will be backed by short-term U.S. Treasurys, U.S. dollar deposits, and other cash equivalents, the company said Tuesday. The token will be issued on the Ethereum… Continue reading Trump Family Venture Plunges Deeper Into Crypto With New ‘Stablecoin’
GameStop Shares Soar 16% After Retailer Says it Will Invest Corporate Cash in Bitcoin Like MicroStrategy
Source: CNBC Video game retailer GameStop announced Tuesday its board has unanimously approved a plan to buy bitcoin with its corporate cash, echoing a move made famous by MicroStrategy. The meme stock jumped 16% Wednesday following the news. The announcement confirmed CNBC’s reporting in February of GameStop’s intention to add bitcoin and other cryptocurrencies to… Continue reading GameStop Shares Soar 16% After Retailer Says it Will Invest Corporate Cash in Bitcoin Like MicroStrategy
A Web3 First: China Leverages Cross-Border AI Data For Industrial Use
Source: Forbes In a world-first, China’s Shenzhen Data Exchange (SDEx) facilitates a deal that brings decentralized, community-sourced AI data into real industrial applications through Web3 infrastructure. SDEx is the largest provider of national-level data trading platforms for data marketization and cross-border circulation in China’s digital economy. The platform provides a comprehensive suite of services, including… Continue reading A Web3 First: China Leverages Cross-Border AI Data For Industrial Use
Trump Media Shares Jump on Announcement of ETF Deal with Crypto.com
Source: CNBC Key Points Shares of Trump Media jumped in after-hours trading on Monday after the president’s social media company announced an agreement with Crypto.com to launch ETFs and related products. The arrangement mirrors Trump’s licensing deals, in which other companies roll out products using the Trump brand. The stock was down 38% for the… Continue reading Trump Media Shares Jump on Announcement of ETF Deal with Crypto.com
BlackRock Launches It’s European Bitcoin ETP Following U.S. ETF Success
Source: Cryptonews The move comes on the heels of the firm’s highly successful U.S.-listed iShares Bitcoin Trust, which has grown to $48 billion since its record-breaking debut in January 2024. BlackRock, the world’s largest asset manager, has launched a Bitcoin exchange-traded product (ETP) in Europe, expanding its crypto investment offerings beyond the U.S. market. The… Continue reading BlackRock Launches It’s European Bitcoin ETP Following U.S. ETF Success
CME Group Taps Google Cloud for Pilot Asset Tokenization Program
Source: Cointelegraph The companies will start testing the Google Cloud Universal Ledger with capital market participants in 2026. US derivatives exchange operator CME Group is piloting solutions for tokenized assets using Google Cloud Universal Ledger (GCUL), a new distributed ledger that was designed for traditional financial institutions. CME has begun integrating GCUL to improve capital… Continue reading CME Group Taps Google Cloud for Pilot Asset Tokenization Program
