The OCC on July 10 granted Circle Internet Group approval for a national trust bank charter — the first awarded to a stablecoin issuer — sending Circle shares up 13% and placing USDC reserves under direct federal oversight.
Tag: cryptocurrency
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Gemini launches commission-free stock trading in push toward financial super app
Crypto exchange Gemini expanded into US-listed equities on 7 July 2026, adding thousands of commission-free stocks and ETFs to a platform already spanning crypto spot, derivatives, and prediction markets.
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US crypto market structure bill stalls in Senate as August recess threatens passage
The CLARITY Act’s odds of Senate passage have fallen to 48% after ethics and law-enforcement talks collapsed, with only 31 session days left before the August recess.
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Coinbase lists Anthropic and OpenAI pre-IPO perpetuals as $1.8 trillion AI IPO wave looms
Coinbase launched Anthropic and OpenAI pre-IPO perpetuals on June 22, giving non-US traders a public route to bet on AI labs valued at a combined $1.817 trillion.
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Crypto platforms promised SpaceX IPO access. No shares were delivered.
Binance, Bybit, Bitget, and MEXC refunded hundreds of millions in customer funds after their SpaceX tokenized stock campaigns collapsed on IPO day, exposing the limits of blockchain equity access.
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Ethereum surges 10% on June 16 as Iran deal calm and G7 optimism lift crypto
Ethereum jumped 10% to $1,841 on June 16 as Iran deal calm and G7 optimism sparked a broad risk-on session in crypto and equities, with the Nasdaq rising 3%.
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Coinbase lays out the next phase of its Everything Exchange vision
Coinbase detailed plans on June 16 for a unified account spanning crypto, stocks, ETFs, perpetual futures, lending and AI trading agents, as COIN shares gained 2.6%.
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Japan’s lower house cuts crypto gains tax from 55% to a flat 20%
Japan’s National Diet approved legislation on June 11 reclassifying digital assets as financial instruments under the FIEA, slashing the top crypto tax rate from 55% to a flat 20% effective 2028.
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Bitcoin ETFs shed record $2.4 billion in May as geopolitical risk-off bites
BlackRock’s iShares Bitcoin Trust lost $2.04 billion across a nine-day late-May streak as US airstrikes near the Strait of Hormuz and an equity rotation into AI names drained crypto allocations.
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Bitcoin drops below $77,000, triggering $657 million in leveraged liquidations
Bitcoin fell below $77,000 on May 19, forcing $657 million in liquidations as hot inflation data and Iran tensions converged against an overleveraged market.