With the US Senate expected to vote on legislation to regulate payment stablecoins soon, two senators called on Meta CEO Mark Zuckerberg to answer questions about the company’s potential plans…
In brief
Interactive Strength is allocating up to $500 million to purchase Fetch.ai (FET) tokens for its crypto treasury.
The company plans to use the tokens to support AI-powered fitness products.
CEO Trent…
In a 68-30 vote, the US Senate chose to advance the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, more than a month after it was introduced.Speaking…
In brief
Shares of Circle are up more than 10% today as its stablecoin expands natively to World Chain.
The company is now valued around $28.34 billion, up nearly 4x from…
Connecticut lawmakers unanimously passed a bill prohibiting state and local government divisions from accepting cryptocurrency payments and holding crypto assets.The House Bill 7082, titled “An Act Concerning Various Revisions to…
In brief
Crypto policy leaders have become convinced this week that market structure bills are highly unlikely to pass Congress this year.
The crypto industry has been pushing for months to get…
Bitcoin is closing in on a new high, buoyed by renewed optimism that the United States and China have reached a final agreement on their long-awaited trade deal.The world’s largest…
In brief
Payments giant Stripe is set to acquire crypto infrastructure firm Privy.
Privy provides embedded wallet technology for crypto apps like Pump.fun and OpenSea.
This marks the second major crypto…
The recent departure of a high-ranking US consumer protection regulator comes amid concerns that market participants, including crypto holders, are being left to fend for themselves.On June 10, Cara Petersen,…
In brief
PayPal launched its own stablecoin, PayPal USD (PYUSD), in 2023.
The U.S. dollar-pegged token is currently available on Ethereum and Solana.
PayPal said that it will soon launch the…