Hex Trust announced it will issue and custody wrapped XRP (wXRP), a 1:1-backed representation of native XRP designed to expand XRP’s DeFi and cross-chain utility beyond the XRP Ledger. The wrapped asset will be tradable alongside RLUSD on Ethereum and additional supported chains, including Solana, Optimism, and HyperEVM. wXRP will launch with more than $100 …
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Tag:coin news
Crypto Markets Bounce On Fed Rate Cut, More Gains Expected
Crypto markets saw a slight pickup after the US Federal Reserve’s widely expected rate cut on Wednesday, and a larger bounce could be next, say analysts. The central bank has executed three consecutive interest rate cuts totaling 0.75% over a three-month period from September to December. Despite being fundamentally bullish for crypto in the long …
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Binance Expands Trump-Linked USD1 Stablecoin Integrations
The world’s largest crypto exchange, Binance, has expanded its listings to include more trading pairs tied to the Trump family’s stablecoin. Binance announced on Thursday that it has expanded support for World Liberty Financial’s USD1 stablecoin by adding fee-free trading pairs for major tokens, including Ether (ETH), Solana (SOL) and BNB (BNB) in addition to …
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Bitcoin Miners More Important as Bitcoin Treasurys Ease Buys
Bitcoin miners, which can acquire the cryptocurrency at below-market costs, could be in the best position to shape corporate adoption as accumulation by crypto treasury companies slows, says BitcoinTreasuries.NET. Bitcoin (BTC) treasury companies are projected to buy 40,000 BTC in the fourth quarter, the lowest since Q3 2024, BitcoinTreasuries.NET President Pete Rizzo said in a …
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Terraform Co-Founder Sentenced to 15 Years in Prison after Guilty Plea
Do Kwon, the co-founder of Terraform Labs, has been sentenced to 15 years in prison after pleading guilty to wire fraud and conspiracy to defraud. In a Thursday hearing in the US District Court for the Southern District of New York, Judge Paul Engelmayer ordered that Kwon serve 15 years in prison for his role …
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CFTC Lets Polymarket, PredictIt, LedgerX Off Certain Requirements
The U.S. Commodity Futures Trading Commission issued no-action letters to the operators of prediction markets platforms Polymarket, PredictIt, Gemini and LedgerX/MIAX on Thursday, announcing that the companies did not have to meet certain recordkeeping demands as long as they meet other specified requirements, and that the companies might be able to clear contracts through a …
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U.S. Financial-Risk Watchdog, FSOC, Erased Digital Assets as a Potential Hazard
The crypto sector has been freed from its annual reference in the Financial Stability Oversight Council’s litany of financial risks posed to the U.S. system, though it’s not unique in that, because the report has effectively removed much of its focus on “vulnerabilities” to the financial system. The FSOC, established after the 2008 mortgage meltdown …
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Slips 5% Despite Coinbase Deal, But Bottoming Signs Emerge
Chainlink’s LINK token fell nearly 5% over the past 24 hours to $13.74 on Thursday, reversing early gains despite a major announcement from Coinbase. Earlier in the day, Coinbase revealed it had selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to power a new bridge connecting its $7 billion in wrapped assets, including cbETH, cbBTC and cbDOGE. …
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When Will CFTC Chair Mike Selig Be Confirmed by the Senate?
Both the U.S. Commodity Futures Trading Commission and the Federal Deposit Insurance Corp. will have significant reach into supervising the U.S. crypto sector, and President Donald Trump’s nominees to be their chairman have been crawling through a Senate confirmation process that’s close to its end — though the Senate likely remains days away from actually …
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Binance Expands Trading With Trump-Linked World Liberty Financial’s Stablecoin
Crypto exchange Binance is expanding the role of USD1 (USD1), the stablecoin of Trump-linked crypto project WLFI$0.1461, overhauling part of its stablecoin infrastructure with the token. Starting Thursday, the exchange will offer new trading pairs — BNB/USD1, ETH/USD1 and SOL/USD1 — giving users broader access to trade with WLFI’s dollar-backed stablecoin, according to a press …
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