Senator Tim Scott anticipates receiving a first draft proposal on stablecoin yield language this week.
The Senate’s crypto market structure bill has gained momentum after stalling since January over yield payments and other provisions.
Negotiations also address DeFi rules, ethics, AML regulations, and quorum issues.
Progress follows the House passage of the CLARITY Act and Senate Agriculture Committee markup sent to the floor in J…
Acquired 17,994 BTC between March 2 and 8 at an average price of $70,946.
Total holdings now 738,731 BTC acquired for $56.04 billion at an average of $75,862 per BTC.
Funded primarily with $900 million from common stock sales and $377 million in preferred shares.
Largest weekly purchase in seven weeks as Bitcoin prices stabilize near $70,000.
Strategy Inc., the leading corporate Bitcoin holder formerly known as MicroStrate…
Stripe has expressed preliminary interest in acquiring all or parts of PayPal, Bloomberg reports.
The potential deal comes as Stripe hits a $159 billion valuation, boosted by quadrupled stablecoin volumes via its Bridge platform.
PayPal shares surged nearly 7% to around $47, lifting its market cap to approximately $43 billion.
Both firms have deepened crypto involvement: Stripe with Bridge and Tempo blockchain; PayPal with PYUSD s…
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Todd Snyder, Terraform Labs’ liquidation administrator, filed suit against Jane Street, co-founder Robert Granieri, and employees Bryce Pratt and Michael Huang for alleged insider trading.
Claims center on a Jane Street-linked wallet withdrawing 85 million UST from Curve3pool within 10 minutes of Terraform’s unannounced 150 million UST withdrawal on May 7, 2022.
The moves allegedly hastened TerraUSD’s loss of peg and the broader $40…
