Key Takeaways The Federal Reserve and 4 agencies proposed KYC requirements for payment stablecoin issuers on June 18, 2026. Gov. Michael Barr warned the GENIUS Act fails to adequately address illicit finance risks in stablecoin secondary markets. A 60-day public comment period opens before any rule is finalized, with secondary market rules also under review….
The G7 just made North Korea hacking operation a formal geopolitical priority. Leaders from the world’s seven largest advanced economies issued a joint communiqué at the Evian summit just yesterday, explicitly calling out Pyongyang’s cryptocurrency theft machine. They accused the North Korean of draining more than $6.75 billion from the crypto ecosystem since 2017. The…
SAVE $49: An annual Walmart+ membership is on sale for $49, down from the standard price of $98. That’s a 50% discount. $49 at Walmart $98 Save $49 We’re just days away from Amazon Prime Day. This year, Amazon decided to move the sale to the end of June, which means all competing retailers…
Unfortunately for all crypto investors, the digital asset market went down as well after Trump’s statement. US President Donald Trump took it to his social media platform Truth Social to declare that oil has begun flowing, jobs are at record levels, and prices in the US are dropping, which will increase affordability. While there…
If anyone in tech has already started their Hot IPO Summer, it’s Silicon Valley’s elite wealth advisers. Two private wealth managers who work with high-net-worth techies told me they’ve seen an uptick in activity from their client base, some of whom are expecting a big liquidity event this year. We’re talking, of course, about the…
Key Takeaways On June 18, CME CEO Terrence Duffy plans to sue the CFTC over its landmark approval of crypto perpetual futures. Kalshi’s new crypto derivatives saw huge market demand, clearing over $3 billion in volume during beta testing. Next, a court must decide if the CFTC or CME holds the right to list these…
U.S. regulators have proposed requiring certain payment stablecoin issuers to verify customer identities under a new rule issued as part of the GENIUS Act framework. Summary U.S. regulators have proposed requiring certain payment stablecoin issuers to adopt customer identification programs similar to those used by banks and credit unions. The proposed GENIUS Act rule would…
Spotify’s move to cater to music’s superfans is now going live. On Thursday, the streaming giant announced the launch of “Reserved by Spotify,” a new system that will identify eligible top fans of an artist, then hold two tour tickets for them before the general ticket sale opens. The feature will first be available starting…
A claimed breach at Novo Nordisk is putting more than patient privacy under the microscope. Hackers from FulcrumSec say they stole 1.3TB of data from the Danish pharmaceutical giant behind Ozempic and Wegovy after spending more than two months inside its systems, according to Reuters. Novo Nordisk has confirmed unauthorized access to a limited number…
Key Takeaways On June 16, the IMF reported Nigeria drew $59 billion in crypto inflows, capturing 60% of regional stablecoins. High 9% remittance costs and a volatile naira drove Nigerian businesses to adopt US dollar- stablecoins. The Nigerian Senate sent a new crypto licensing bill to the Committee on Capital Market for a 4-week review….
