The UK House of Lords backed an amendment requiring the government to develop a digital asset strategy, in a 194–138 vote on Wednesday, despite the Labour government’s opposition to the measure.The amendment was added to the Financial Services and Markets…

The Liquid Network has resumed block production following a $320 million Bitcoin withdrawal, although transactions and peg operations remain suspended as recovery efforts continue.In a Thursday post on X, Liquid said block production had resumed “without transactions” as a precaution while…

A coalition of European financial and tokenization groups has urged EU lawmakers to remove a proposed 100 billion euro cap ($116.3 billion) on tokenized financial instruments or raise it to at least 500 billion euro.The draft letter, dated Sept. 7…

Bitcoin (BTC) dipped below $77,000 around Thursday’s Wall Street open as risk assets faced resurgent macro headwinds.Key points:Bitcoin saw downside on the back of higher-than-expected US PPI inflation data, which hit 5.4% in August.Middle East strikes sent WTI crude oil…

Cryptocurrency exchange Coinbase partnered with financial platform Moov to bring stablecoin infrastructure to more than 1,000 community banks and credit unions that are part of Moov’s customer base.The partnership will combine Coinbase’s regulated digital asset infrastructure and Moov’s payments platform…

The Solana network reached an all-time high in daily token issuance, surpassing the number of new coins issued during the peak of the memecoin cycle in late 2024.More than 263,000 new Solana Program Library (SPL) tokens were minted on the…

US-listed spot Bitcoin exchange-traded funds (ETFs) recorded $120.2 million in net outflows on Wednesday, bringing withdrawals across the first two sessions of the holiday-shortened week to $166.8 million, according to Farside Investors data. The ARK 21Shares Bitcoin ETF (ARKB) led Wednesday’s…

Hunter Biden has denied profiting from his LAPTOP memecoin after its launch-day price crash, adding that neither he nor his team had sold tokens.Several X users accused the LAPTOP project of a “rug pull” after the memecoin lost more than…

Bitcoin (BTC) sell-side risk remains near historic lows as August profit-taking cools, new data shows.Key points:Bitcoin’s sell-side risk ratio fell to seven from 16 in September, placing it among its lowest-ever readings.Selling pressure eased while Bitcoin held most of its…

United States authorities restrained more than $52 million in crypto linked to Xinbi Guarantee and its vendor network as part of a coordinated operation against the scam marketplace. On Wednesday, the US Justice Department said its Scam Center Strike Force seized…

Former Silvergate Bank CEO Alan Lane said political and regulatory pressure from the Biden administration drove the crypto-focused lender’s voluntary wind-down in 2023, arguing that the bank remained solvent after weathering a deposit run.In an inaugural Substack post on Tuesday,…

The Crypto Council for Innovation (CCI) and Blockchain Association (BA) are seeking to block Illinois from enforcing a 0.2% tax on cryptocurrency transactions before it takes effect in January 2027.The trade groups said Wednesday that they have filed a motion…

Consensys Software Inc., the Ethereum software company behind MetaMask, plans to split into two independent companies, separating its consumer business from its institutional blockchain infrastructure operations.According to Wednesday’s announcement, the separation is expected to be completed by the end of 2026,…

Blockchain intelligence firm TRM Labs has doubled its valuation to $2 billion following an expansion of its Series C funding round led by Blockchain Capital. The company did not disclose the size of the latest investment but said its annual…

U.S. Bank, the fifth-largest commercial bank in the United States, has completed a live cross-border payment using its proprietary USBDC stablecoin on the Stellar blockchain.The pilot moved funds between U.S. Bank entities in North America and Europe, with USBDC issued…