Tag: Breaking

Coinbase has reportedly reached an agreement with lawmakers over controversial yield-bearing provisions in the stablecoin bill. The deal addresses how yield from reserve assets is treated, a primary friction point that has stalled the Clarity for Payment Stablecoins Act. The breakthrough clears a major hurdle for the Senate Banking Committee to finally move toward a formal markup of the legislation. Coinbase, the leading U.S....

The Ethereum Foundation sold 10,000 ETH to BitMine Immersion Technologies on Friday, marking its third major OTC deal with the firm. Total sales to BitMine have reached approximately $47 million over the last seven days to fund protocol R&D and ecosystem grants. BitMine, led by Tom Lee, has emerged as the world’s largest corporate ETH holder with nearly 5 million ETH in its treasury. The Ethereum Foundation has significantly increased...

Polymarket is seeking CFTC approval to reopen its primary, crypto-native exchange to American traders after a four-year hiatus. The company is reportedly discussing merging its blockchain infrastructure with the regulatory licenses of its domestic entity, QCX LLC. The decision rests primarily with CFTC Chair Michael Selig, as four of the five commissioner seats currently remain vacant. Polymarket, the world’s largest decentralized...

Patrick Witt, Executive Director of the White House Digital Assets Presidential Advisory Committee, teased a “big announcement” regarding the Strategic Bitcoin Reserve expected within the next few weeks. The administration claims to have reached a legal and operational breakthrough to solidify the government’s Bitcoin holdings on the national balance sheet. In tandem, lawmakers have rebranded the “BITCOIN Act” as...

Brazil’s National Monetary Council (CMN) and telecommunications regulator Anatel have blocked access to 27 prediction market platforms, including industry leaders Polymarket and Kalshi. The crackdown is based on Resolution No. 5,298, which restricts derivative contracts to economic benchmarks like inflation and interest rates, effectively banning event-based markets. Government officials cited the need to protect household income and reduce...