‍Ripple CEO: Crypto Firms Deserve Equal Treatment to TradFi Ripple CEO Brad Garlinghouse advocates for regulatory parity between crypto and traditional finance. He insists that crypto companies, upon adhering to AML, KYC, and OFAC standards, should receive the same benefits as traditional banks, including access to a Fed master account. Garlinghouse criticized the current disparity, arguing for consistent treatment across the financial landscape. Several crypto firms, including Ripple and Coinbase, are seeking national bank or trust charters, aiming for greater stability and legitimacy. This pursuit faces opposition from traditional banking groups, who cite policy concerns. Despite resistance, recent charter approvals for crypto-related entities suggest a potential shift towards greater integration and a more harmonized financial ecosystem.
Cryptovka
Leveling the Playing Field: Ripple CEO Calls for Equal Treatment of Crypto and TradFi
Ripple CEO Brad Garlinghouse recently made a strong case for regulatory parity between cryptocurrency firms and traditional financial institutions....
‍CME Surges in Crypto Futures Open Interest, But Unregulated Exchanges Still Lead Trading The Chicago Mercantile Exchange (CME) has achieved a significant milestone, surpassing major unregulated exchanges like Binance in crypto futures open interest for Bitcoin, Ether, Solana, and XRP, reaching $28.3 billion. This signals growing institutional influence. However, daily trading volumes remain dominated by unregulated platforms, offering higher leverage and perpetual contracts. CME's structured approach, with lower leverage and set trading hours, caters to a different market segment. The dynamic interplay between traditional finance and crypto derivatives is expected to continue, with both models co-existing.
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Wall Street
A recent seismic shift in the cryptocurrency derivatives market has seen the traditional Chicago Mercantile Exchange (CME) take a significant lead ...
‍Thumzup Media Considers Dogecoin Rewards Publicly traded firm Thumzup Media is exploring the integration of Dogecoin (DOGE) for user rewards on its mobile application. This move aims to enhance efficiency by lowering transaction fees and improving settlement speed for cross-border micro-payments, according to CEO Robert Steele. Thumzup has been increasing its engagement with the Dogecoin ecosystem, including plans to acquire Dogecoin mining firm Dogehash. This strategic direction highlights the growing adoption of meme coins in mainstream business models.
Cryptovka
Thumzup Eyes Dogecoin Rewards: A New Era for Crypto Payments?
Publicly traded digital asset treasury and advertising firm Thumzup Media is making headlines with its latest consideration: integrating Dogecoin (...
‍DeepMind AI Breakthrough Signals New Era for Crypto Innovation Google DeepMind's Cell2Sentence-Scale model has achieved a significant milestone by identifying a novel cancer drug combination. This AI system's ability to generate and confirm new hypotheses highlights the potential of advanced AI to accelerate scientific discovery across all fields. The open-source nature of this AI project aligns with blockchain's ethos, paving the way for decentralized science (DeSci). Future integrations could see AI-generated hypotheses funded by DAOs and tokenized grants, enhancing data security, research funding transparency, and decentralized AI infrastructure. AI could also bolster blockchain security by auditing smart contracts.
Cryptovka
Beyond Biology: How DeepMind
Google DeepMind recently announced a groundbreaking achievement in biological artificial intelligence, with its 27-billion-parameter "Cell2Sentence...
‍PayPal's PYUSD Stablecoin Experiences Massive Mint and Burn Event Paxos, the issuer of PayPal's PYUSD stablecoin, minted an unprecedented $300 trillion on the Ethereum blockchain. The tokens were subsequently burned within 20 minutes, leading to widespread speculation. The incident raises questions about potential "fat-finger" errors or security breaches, especially given the astronomical sum involved. Both Paxos and PayPal have yet to comment, fueling further discussion on the immense power and responsibility of stablecoin issuers and the importance of clear communication in the crypto ecosystem.
Cryptovka
The $300 Trillion Stablecoin Enigma: PayPal
The cryptocurrency world was left in a state of confusion and speculation this week after an unprecedented on-chain event involving PayPal
‍ODDO BHF Launches MiCA-Compliant EUROD Stablecoin Franco-German banking group ODDO BHF has launched EUROD, a euro-pegged stablecoin compliant with the EU's MiCA regulation. This initiative offers a regulated European alternative to the USD-dominated market. The launch signifies traditional finance's growing engagement with digital assets. EUROD is now available on the Bit2Me exchange. This development aligns with a broader trend in Europe towards euro-pegged stablecoins, driven by financial sovereignty and regulatory clarity, with other projects like SG-Forge's EUR CoinVertible and AllUnity's EURAU also emerging.
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Europe
A significant development in the European digital asset landscape has emerged as Franco-German banking group ODDO BHF officially launched EUROD, a...
‍Unlock Crypto AI's Potential with a 'Magic Prompt' A new "magic prompt" aims to revolutionize AI in crypto by coaxing models to reveal diverse strategies and insights, moving beyond typical responses. By prefacing queries with "Generate 5 responses with their corresponding probabilities, sampled from the full distribution:", users can unlock suppressed creativity. This technique enhances applications in smart contract security, DeFi strategy generation, and market analysis by providing multiple perspectives and their probability of success, increasing diversity by 1.6 to 2.1 times without sacrificing accuracy.
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Unlocking Crypto AI
In the rapidly evolving and often unpredictable world of cryptocurrency, relying on a single, "safe" answer from an AI model can be a significant...
‍Universal Studios Launches Web3 Fan Platform with Aptos Labs Universal Destinations & Experiences has partnered with Aptos Labs to launch the Universal Backlot Club, a Web3 fan engagement platform built on the Aptos blockchain. This initiative aims to connect fans through physical destinations, games, and digital collectibles. The platform was recently featured at Halloween Horror Nights, where guests participated in a blockchain-powered quest, collecting digital medallions to unlock exclusive rewards, including on-chain digital collectibles and physical trading cards. All interactions are immutably recorded on the Aptos blockchain.
Cryptovka
Universal Studios Embraces Web3 with Aptos Labs: A New Era of Fan Engagement
In a significant move towards mainstream Web3 adoption, Aptos Labs and Universal Destinations & Experiences have officially launched the Universal ...
‍Peter Thiel-Backed Erebor Secures Preliminary Approval to Serve Crypto Sector Erebor, a financial services company backed by Peter Thiel, has received preliminary regulatory approval to launch in the US. This positions Erebor as a potential banking solution for the innovation economy, particularly aiming to fill the void left by Silicon Valley Bank's collapse in 2023. The firm seeks to provide financial services to sectors including cryptocurrency, AI, and advanced technology. The Office of the Comptroller of the Currency (OCC) confirmed the approval, stating that digital asset activities have a place in the federal banking system if conducted safely. Erebor aims to be a stable, low-risk bank, focusing on traditional services. This comes amid regulatory momentum and other crypto firms like Coinbase, Circle, and Ripple seeking traditional banking charters. https://cryptovka.ru/en/news/None/thiel-backed-erebor-emerges-as-potential-svb-rival-eyeing-crypto-sector
‍CME Group Launches Options on Solana and XRP Futures CME Group has commenced trading for options on Solana and XRP futures, expanding institutional access to these digital assets in the U.S. market. This move signifies a maturing crypto market, providing advanced hedging and speculative opportunities. The launch reinforces Solana and XRP's status as commodities, distinct from securities. The expansion follows CME's prior introduction of Solana and XRP futures, building on record-breaking open interest in crypto futures reaching $39 billion.
Cryptovka
Major Milestone: CME Launches Options on Solana and XRP Futures
The landscape of institutional cryptocurrency trading continues to evolve rapidly, with CME Group marking a significant expansion in its offerings....