Fidelity Debuts GENIUS Act Aligned Stablecoin Reserve Fund With 0.25% Fee

Key Takeaways Fidelity launched FYMXX on June 15, a fund for stablecoin issuers under the GENIUS Act. FYMXX’s 0.25% fee adds competition as Fidelity targets the $315B stablecoin market. Fidelity joins State Street and Blackrock as reserve demand grows toward 2030. Fidelity Expands Into Stablecoin Infrastructure With New Government Money Fund Fidelity Investments has launched…

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Kalshi’s Messi-Fronted World Cup Push Meets a Nine-Nation European Warning

Key Takeaways Nine European regulators pledged joint enforcement against unlicensed prediction markets during the World Cup. The statement warns sports bodies to check legality before partnerships. Kalshi and Polymarket were already blocked or under investigation across much of Europe, including Spain in May. A Coordinated Line as the World Cup Drives Betting The regulators of…

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WhiteBIT EU Secures MiCA License in Austria, Expanding Regulated Crypto Services Across Europe

The authorization was granted by the Austrian Financial Market Authority (FMA). The Austrian authorization marks a key step in WhiteBIT’s European growth strategy and underscores WhiteBIT EU’s commitment to operating within a transparent, secure and harmonized regulatory framework. Under MiCAR, WhiteBIT EU will be able to provide regulated crypto-asset services to eligible users across the…

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Australia’s ASIC Wins High Court Appeal as Block Earner Yield Product Faces Fresh Penalty Fight

Key Takeaways On June 17, Australia’s High Court ruled 7-0 that Block Earner offered its crypto yield product illegally. ASIC’s win sets a 2026 precedent that technology-neutral financial laws firmly cover crypto assets. Lower courts will next decide if Web3 Ventures must face civil penalty fines following ASIC’s appeal. High Court Sides With Regulator In…

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