The Independent Community Bankers of America has sued the Office of the Comptroller of the Currency, arguing the regulator abused its authority by allowing cryptocurrency companies to obtain national trust bank charters, according to Crypto Briefing. The group said the move goes beyond what the National Bank Act permits and argued the OCC had effectively altered its own role without congressional approval. It also said the policy lets companies avoid obligations that apply to traditional banks. Source: Coinness

Major exchanges have seen $162 million worth of futures liquidated in the past hour. In the past 24 hours, $550 million worth of futures have been liquidated. Source: Coinness

ZEC has fallen by 3.69% in the past five minutes on the COINNESS market. Currently, ZEC is trading at $1,283.5. Source: Coinness

LINK has fallen by 3.14% in the past five minutes on the COINNESS market. Currently, LINK is trading at $13.55. Source: Coinness

Fidelity is exploring ways to broaden access to its Ethereum-based tokenized money market fund, Crypto Briefing reported. The firm is reviewing possible eligibility expansions for its on-chain cash product, as well as the potential introduction of daily or intraday yield features, according to Crypto Briefing. The fund token is currently available only to accredited and institutional investors, and Fidelity is seeking ways to make it accessible to a wider investor base. Source: Coinness

Crypto bank Anchorage Digital has cut 17% of its workforce amid industry-wide cost pressure, The Information reported. The company said the decision was not tied to any specific event or business unit. Anchorage Digital also laid off 75 employees, or about 20% of its staff at the time, in March 2023. Source: Coinness

BNY, the world’s largest custodian bank and formerly Bank of New York Mellon, is in talks with Payward, Kraken’s parent company, on a broad partnership spanning digital assets and financial market infrastructure, CoinDesk reported, citing industry sources. The partnership could cover cryptocurrency products, custody, asset management, trading, payments and infrastructure, according to the report. The services are expected to be offered through Payward’s B2B platform. One source said the arrangement could resemble the infrastructure component of Payward’s recent deal with Nasdaq. Source: Coinness

About three-quarters of major UK financial institutions expect tokenization to reshape financial services, Cointelegraph reported, citing a survey by Lloyds Banking Group, the UK’s largest financial services provider. The survey of 100 senior decision-makers at major local banks, insurers, asset managers and investment firms found 60% identified faster payments and clearing and settlement as tokenization’s biggest benefit, while 41% pointed to better collateral and liquidity management. Source: Coinness

Aave Labs has proposed establishing a foundation to unify the Aave brand and intellectual property, according to The Defiant. Under the proposal, the foundation would hold Aave IP under DAO oversight. In the first phase, Aave Labs plans to set up a legal entity in the Cayman Islands and appoint independent officers, while any transfer of trademarks, domains and the codebase would be decided through a later governance vote. Source: Coinness

Matt Cole, CEO of Bitcoin-buying company Strive (ASST), said the digital credit market’s capitalization could reach trillions of dollars by 2030 and serve as a bridge in the transition toward a globally hyperbitcoinized future, BitcoinTreasuries reported. Cole added trust in fiat currencies would continue to decline. Source: Coinness

SBI Holdings has completed its acquisition of Japanese cryptocurrency exchange bitbank for $290 million, News Bitcoin reported. Following the deal, SBI is expected to hold about $6.97 billion in custody assets and 2.92 million cryptocurrency accounts across the group, making it Japan’s largest exchange operator by custody assets. Source: Coinness