A group of 21 banks and financial firms including Bank of America, Wells Fargo, Citigroup and Goldman Sachs are preparing to launch a dollar stablecoin for business payments across borders. The firms say they will form a new company in the second half of 2026 and aim to have the token live in the first…
Crypto platforms are suffering massive losses to sophisticated exploits despite many having undergone independent security audits. A new CoinGecko report shows that between January 2025 and July 2026, crypto platforms suffered a staggering $3.63 billion in losses across 245 documented incidents. Notably the top 10 largest attacks accounted for more than 72.5% of the total…
Major banks are shifting from opposing stablecoins to advancing their own versions as competition grows in the payments market. The change comes after years of resistance, reports The Wall Street Journal. Banks large and small have started to warm up to the idea of their own stablecoins, despite early doubts from some executives that there…
Tokenized versions of major US stocks are going live on Base, Coinbase’s Ethereum layer-2 network. Base says tokenized stocks issued by top US crypto exchange Coinbase are now live on the chain. The stocks are built on the network’s native token B20, which represent real shares held 1:1 by a regulated custodian in a bankruptcy-remote structure….
Blockchain sleuths are tracking a major transfer of Official Trump meme coin tokens to a leading cryptocurrency exchange. The firm Lookonchain says that the team behind the token transferred 2.62 million TRUMP tokens valued at $6.21 million over the weekend, with the tokens then deposited into OKX. According to Arkham Intelligence data, the Official Trump…
A US banking regulator is granting preliminary conditional approval to World Liberty Financial’s application for a new national trust bank. The Office of the Comptroller of the Currency says it reviewed the application from the President Trump-backed firm to establish the World Liberty Trust Company, National Association bank for stablecoin operations and digital asset custody. The…
The U.S. Department of the Treasury is asking for public comment on the upcoming implementation of new stablecoin rules. The GENIUS Act, signed by US President Donald Trump last year, establishes a regulatory framework for stablecoins, crypto assets pegged to the US dollar. The legislation requires each token to be fully backed by liquid assets…
The issuer of the world’s largest stablecoin is completing its first full independent financial statement audit, resulting in an unqualified clean opinion from a major firm. Tether says the audit of Tether International, S.A. de C.V.’s financial statements for the year ended December 31, 2025, was conducted by KPMG U.S. and delivered the highest possible…
One of the world’s largest payments networks is opening its cash-to-crypto services to Solana through a single API for compliant conversions. Solana says the service is now live on the blockchain and embedded in the Solana Developer Platform payments module. The integration provides instant API credentials, sandbox access, SDKs, and documentation without requiring any banking…
Institutional investors just sold an overall total of $414 million in Bitcoin and crypto assets in one week, according to a new update from CoinShares. It marks the first selloff in five weeks amid concerns over the prolonged Iran conflict and higher inflation. The US led the outflows with $445 million. Switzerland recorded minor outflows…
