U.S. Bank tests USBDC stablecoin payment on Stellar
U.S. Bank completed a transfer between North America and Europe using USBDC, testing bank controls on Stellar without announcing a wider customer rollout.
Crypto News — Page 27
News and developments from the cryptocurrency industry.
Block seeks US trust bank charter for Bitcoin and stablecoin custody
The proposed Builders Bank would put custody under OCC supervision without taking deposits or making loans. Regulatory approval is still required.
Strategy doubles STRC buyback program to $2 billion after $176.3 million repurchase
Strategy used cash to repurchase 1.81 million STRC shares, expanded its preferred-stock authorization and left its 845,050 Bitcoin position unchanged.
Robinhood takes stakes in Crypto.com and OG.com in prediction-markets deal
The multi-year agreement adds OG.com as an exchange and clearing provider for selected Robinhood event contracts while giving the brokerage minority interests in both companies.
Visa says stablecoin settlement has passed $20 billion annualized run rate
Visa reports a sharp rise in stablecoin settlement and card-program activity, while its new financing model targets issuers’ daily funding gap.
Uzbekistan starts HUMO stablecoin payment pilot with government securities backing
The som-pegged token will be tested with participating merchants as regulators examine reserves, payment infrastructure and consumer safeguards.
Cronos update puts funds outside Tectonic rollback at $9.19 million
New reporting separates funds transferred off Cronos from roughly $111.2 million reversed after the August 30 Tectonic lending exploit.
Ethereum Foundation sets Hegota priorities for transaction and account upgrades
The Foundation's September 7 ranking puts FOCIL and Frame Transactions at the center of Hegota, while other proposals face further development and testing.
Liquid Network recovers 3,400 BTC as restart preparations continue
A September 7 transfer returned most of the bitcoin withdrawn from Liquid's reserves, but recovery of funds does not itself confirm a network restart.
AUSTRAC Reports Action Against 45 Payment and Crypto Providers
Australia's regulator reports 45 registration actions across remittance and virtual asset businesses, highlighting its earlier GetCoins cancellation.
DBS and Citi Complete Weekend Dollar Payment on Swift
DBS and Citi used tokenized deposits for a weekend US-dollar payment on Swift’s ledger, testing faster transfers between Singapore and New York.
Fomo Beats Pump.fun in Daily Solana Revenue With $1.76M
Fomo generated $1.76 million in daily Solana revenue, beating Pump.fun’s $1.1 million, but remained well behind over the past 30 days.
FinCEN Links $12.7B in Crypto Scams to Overseas Centers
FinCEN identified $12.7 billion in suspected crypto scam activity after analyzing 33,904 reports tied largely to Southeast Asian compounds.
National Sheriffs’ Association Turns Neutral on CLARITY Act
The National Sheriffs’ Association has dropped its opposition to the CLARITY Act before a Sept. 15 procedural vote in the US Senate.
US and UK Launch Alliance Against Crypto Scam Centers
US and UK authorities have formed a joint alliance to investigate and dismantle global crypto scam centers, with a London disruption operation planned for October.
AMC CEO Adam Aron Criticizes Robinhood Stock Tokens
AMC CEO Adam Aron has challenged Robinhood’s tokenized AMC offering, saying the company is not affiliated with it and will seek an external legal review.
ASIC Sets Sept. 30 Crypto Licensing Deadline in Australia
Australian crypto firms relying on ASIC’s temporary relief must enter the licensing process by Sept. 30 or risk penalties of up to 10% of annual turnover
Hyperscale Data Ends Bitcoin Mining as BTC Holdings Fall 79%
Hyperscale Data has ended Bitcoin mining at its Michigan facility and reduced its BTC holdings by about 79% while funding an AI data center project.