The Japanese megabank Mitsubishi UFJ Trust and Banking is set to issue the nation’s first fiat-pegged stablecoin. Per reports from the newspaper Yomiuri Shimbun and the media outlet CoinPost, the firm said it completed development on the coin “at the end of last year.” Mitsubishi UFJ: Stablecoin Ready to Roll Out Hiroshi Kubota, who took…
Key Takeaways: The court order against Genius Group is part of the growing tension between decentralized financial strategies and centralized legal systems. Forced Bitcoin liquidation shows vulnerabilities in corporate crypto reserves, challenging the viability of Bitcoin-first treasury strategies amid regulatory uncertainties. This case highlights the risks of cross-jurisdictional legal conflicts, where U.S. court actions threaten…
The number of Bitcoin-native startups receiving venture capital investment increased in 2024 despite a decline in the total capital allocated to the sector, according to a new report published by Trammell Venture Partners (TVP). The report highlighted that the number of unique Bitcoin-native companies funded rose 27.5% on a yearly basis, while the number of…
Key Takeaways: State regulators have dropped legal claims against Coinbase over staking, reflecting a move toward rethinking crypto oversight. Similar decisions across states point to a reassessment of enforcement tactics in digital asset management. The change invites discussion on streamlining regulatory rules to foster a more unified national crypto framework. Illinois is preparing to drop…
On Thursday, the U.S. Senate Banking Committee voted 13–11 to advance businessman Paul Atkins—former SEC commissioner and President Donald Trump’s nominee—to lead the Securities and Exchange Commission (SEC), as part of wider regulatory reform efforts. Paul Atkins Moves Forward as Trump’s Pick for SEC Chair The committee’s decision on Atkins, who served as SEC commissioner…
Standard Chartered has initiated coverage on Avalanche (AVAX) with a bullish long-term outlook, forecasting a 10x price increase by 2029. The move follows growing momentum in the digital asset space as market participants begin reassessing winners in the wake of macroeconomic uncertainty and shifting technology fundamentals. In a note shared with CryptoSlate on April 2,…
The US Securities and Exchange Commission’s (SEC) Crypto Task Force held separate meetings on April 1 with representatives from BlackRock and the Crypto Council for Innovation’s (CCI) Proof of Stake Alliance to discuss regulatory issues related to crypto exchange-traded products (ETPs). According to memos about the meetings, BlackRock discussed the in-kind redemptions for crypto ETPs…
On April 2, the US House Financial Services Committee passed the STABLE Act, which now needs to pass a full House vote and then a Senate vote in its next stages of approval into law. The Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act was passed with a 32 to 17 vote.…
Key Takeaways: The tool automates the updating of fund valuations on a secure blockchain, cutting down on manual interventions and third-party reliance. BlackRock’s early use signals a growing trend among established asset managers to integrate digital solutions into traditional finance. This development could prompt the broader financial sector to modernize data systems and boost transparency…
Bitwise Asset Management has rolled out three new exchange-traded funds (ETFs) designed to generate consistent monthly income by leveraging the high volatility of crypto-linked stocks, according to an April 3 statement. The newly launched ETFs include the Bitwise Coinbase Option Income Strategy ETF (ICOI), Bitwise Marathon Digital Option Income Strategy ETF (IMRA), and Bitwise MicroStrategy…