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The FDIC approved a proposal creating the application process for banks to issue stablecoins under the GENIUS Act
The FDIC approved the very first proposal that sets the rules for how banks file applications to issue payment stablecoins under Trump’s GENIUS Act. The proposal spells out how insured institutions form subsidiaries to issue stablecoins and how state nonmember banks and state savings associations must file if they want to enter this market, with […]
Cryptopolitan
Tue, Dec 16
Ark Invest buys new shares BitMine, Coinbase, and CoreWeave.
Ark Invest acquired new shares: $17 million of BitMine, $16.26 million of Coinbase, $9.9 million of CoreWeave.
Cryptopolitan
Tue, Dec 16
Treasury announces $3.1 million settlement with Exodus Movement Inc. for alleged violations of Iran sanctions
Dec 16 (Reuters) - The U.S. Treasury Department on Tuesday announced a settlement for $3.1 million with Exodus Movement Inc. for alleged violations of Iran sanctions.
Reuters
Tue, Dec 16
XRP Price Is Not Going To $100 By End Of Year, ‘You Need A Reality Check’
Despite the recent crash that saw the XRP price fall below $2, many analysts claim that the cryptocurrency could still skyrocket to $100 by the end of the year. However, one expert has thoroughly dismissed these projections, urging investors to temper expectations and warning that those who believe ...
NewsBTC
Tue, Dec 16
Blockchain Privacy Shouldn’t Automatically Raise Red Flags—SEC Chair
Crypto executives pushed the US Securities and Exchange Commission on Monday to reconsider its approach to blockchain privacy, arguing that not all users of these tools are criminals. Related Reading: Crypto Wallets Targeted In JavaScript Library Exploit—Cybersecurity Firm The meeting, the SEC’s six...
Bitcoinist
Tue, Dec 16
GeeFi (GEE) Keeps an Incredible Pace as Only 1M Tokens Remain in Phase 2, Outperforming Giants Like Solana (SOL)
GeeFi is rapidly becoming a standout name in the cryptocurrency world, driven by a presale that is exceeding all expectations. The project’s initial stage, Phase 1, saw its entire 10 million token supply sell out in just over a week, raising a quick $500,000. This powerful start has catapulted the total funds raised above the […]
Cryptopolitan
Tue, Dec 16
Banks Can Soon Issue Stablecoins: FDIC Begins Rulemaking Under GENIUS Act
The Federal Deposit Insurance Corporation (FDIC) has announced a new framework that outlines how banks can apply to issue payment stablecoins through subsidiaries as part of the implementation of the country’s stablecoin bill, the GENIUS Act. FDIC’s First Move On GENIUS Act In a statement, Act...
Bitcoinist
Tue, Dec 16
Trump’s SEC ended its four-year investigation into Aave Labs with no action
Trump’s SEC closed its four-year review of Aave Labs, ending a case that had hung over the project since 2021. Founder and CEO Stani Kulechov said on X: “After four years, we are finally ready to share that the SEC has concluded its investigation into the Aave Protocol. DeFi has faced unfair regulatory pressure in […]
Cryptopolitan
Tue, Dec 16
Polygon transactions surge to 2021 levels as Polymarket drives comeback
Polygon transactions reached a yearly peak, driven by Polymarket activity and peer-to-peer USDC payments.
Cryptopolitan
Tue, Dec 16
CoreWeave stock sinks 61% as debt fears and delays mount
CoreWeave Inc., the American artificial intelligence cloud-computing company, has watched $33 billion of value disappear in six weeks. This hit is mainly due to investor concerns over a potential AI bubble and inconsistent signals from the company’s leadership. The AI infrastructure provider has dropped 61% from its all-time high of $187 mid-year. It has also […]
Cryptopolitan
Tue, Dec 16
Shiba Inu Scores US Regulated Derivatives Entry Via Coinbase
According to reports, Coinbase has launched regulated futures linked to Shiba Inu, opening the token to trading on a US derivatives venue. Related Reading: Analyst: Bitcoin’s Cycle Is Intact, Yet No Longer Purely Market-Driven The new products include perpetual-style contracts and monthly futures ti...
NewsBTC
Tue, Dec 16
XRP Traders Reducing Exposure? Estimated Leverage Ratio Slides Deeper – What This Means For Price
Following the sudden pullback observed across the cryptocurrency market, the price of XRP has fallen sharply, causing it to revisit the $1.8 threshold. With XRP’s price facing heightened bearish pressure, traders appear to be stepping back, raising questions about the current price action. Leverage ...
Bitcoinist
Tue, Dec 16
Scott Bessent says tax changes will trigger record refund season
Treasury Secretary Scott Bessent is pushing a huge refund wave into early next year, saying Americans will receive “very large refunds” because of the One Big Beautiful Bill Act and its retroactive rules. Scott said the law changed what people owe on this year’s income, and since nobody touched their withholding after July, the Treasury […]
Cryptopolitan
Tue, Dec 16
Solana starts testing quantum-proof cryptography
Solana has partnered with Project Eleven to work on quantum-resistant signatures. Currently, Solana's elliptic curve cryptography is not considered quantum-resistant.
Cryptopolitan
Tue, Dec 16
Dogecoin (DOGE) Prospects Fade As Traders Pivot to This $0.035 DeFi Crypto Powerhouse for Maximum Upside
Dogecoin has been increasingly squeezed in the crypto markets. It is witnessing weakening price trends and reduced derivatives trading. Traders were re-evaluating risk in response to muted Dogecoin ETF inflows and a significant fall in futures open interest. In such a dynamic, the spotlight is shifting to DeFi projects that support growth stages with more […]
Cryptopolitan
Tue, Dec 16
Veteran activist Eric Jackson bets on a new kind of crypto treasury
Veteran activist investor Eric Jackson is pushing a new play in a market that has already scared off half the people who tried it. He is going after the crypto-holding company model again, but this time with a structure built for a market that refuses to sit still. Eric says he is building a setup […]
Cryptopolitan
Tue, Dec 16
Even With Ripple’s (XRP) Regulatory Wins, Experts Say GeeFi (GEE) Is The Best Choice by Predicting Over 3000% ROI
GeeFi is proving its strength in the market with a presale that is exceeding expectations. The first funding stage hit its hard cap in less than two weeks, raising $500,000 with remarkable speed. This success has continued directly into Phase 2, which has now raised over $850,000 through the sale of more than 14 million […]
Cryptopolitan
Tue, Dec 16
Political memecoins stole the show in 2025, but DOGE remains the largest memecoin
The memecoin market reached new heights, with volumes exceeding $150 billion by market cap. The tokens that stand out as high-risk assets in the crypto industry have become the playground for US investors, who followed their pro-crypto president, who has hands-on experience in the market as a businessman. US started 2025 as the country most […]
Cryptopolitan
Tue, Dec 16
ADA Enters Critical Phase as Cardano Price Slips Back to Multi-Year Support Levels
Cardano’s ADA token has returned to a familiar but uncomfortable zone. After months of lower highs and failed recovery attempts, the price has slid back toward long-term support levels that have defined its structure for more than two years. Related Reading: XRP Hasn’t Entered A Bear Market Yet; Ana...
NewsBTC
Tue, Dec 16
SWIFT’s Latest Announcement Raises Questions About Ripple’s XRPL Blockchain
Crypto pundit Chain Cartel has raised several key points following SWIFT’s latest comment on its move to adopt blockchain technology. The pundit claimed that Ripple’s XRPL network best suits what SWIFT is trying to achieve and suggested that the two firms collaborate. Pundit Points To Ripple’s XRPL ...
Bitcoinist
Tue, Dec 16
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