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- 1
The European Central Bank has rejected proposals to relax reserve requirements for euro-denominated stablecoins, according to news reports. The decision means issuers of euro stablecoins must continue holding conservative, high-quality reserves, despite pressure from parts of the crypto industry for lighter rules. The move underscores the ECB's cautious stance on digital assets and its concern that loosely backed stablecoins could pose risks to financial stability in the eurozone.
- 2Bitget Loses $387.5M in Security Breach, IPO Plans UnchangedβΌBitget Security Breach Costs $387.5M, IPO Plans Intact
Crypto exchange Bitget has suffered a security breach with losses reported at $387.5 million, one of the larger incidents to hit the industry. The company says its plans for an initial public offering remain on track despite the attack. Details about how the breach happened and whether customer funds were affected have not been fully disclosed, and observers are watching closely for the exchange's response.
- 3Michael Saylor envisions Bitcoin inside banks and $100 trillion digital asset industryβΌMichael Saylor Wants Bitcoin Inside Banks and a $100 Trillion Digital Asset Industry
Michael Saylor, executive chairman of Strategy, says he wants Bitcoin integrated into the traditional banking system and foresees the digital asset industry growing to $100 trillion. The prediction, reported by BeInCrypto, frames Bitcoin as a core banking asset rather than an alternative to banks. Crypto commentators are debating the feasibility of the figure and what bank adoption would mean for the asset's role in mainstream finance.
- 4
Coinbase has introduced USDC lending for customers in the United Kingdom, with loans backed by Bitcoin and Ether collateral. The service lets UK users borrow against their crypto holdings without selling, expanding the exchange's presence in the British market. Crypto observers are tracking the rollout as a sign of Coinbase deepening its lending products outside the US.
- 5
The Federal Reserve has put forward proposed rules governing stablecoins under the GENIUS Act, the US legislation establishing a federal framework for dollar-pegged digital tokens. The proposal would set out how banks and issuers must comply with the new law, covering reserves, oversight and market access. Industry participants and policymakers are weighing how the rules will shape the US stablecoin market.
- 6Crypto Blows Its Big Moment as Blame Game BeginsβCrypto Blew Its Big Momentβand the Blame Game Has Begun
A Wall Street Journal analysis argues the cryptocurrency industry squandered a period when conditions were ripe for mainstream adoption, and that industry figures are now pointing fingers at each other over the failure. The piece is drawing attention among finance and technology readers debating who bears responsibility for crypto's unfulfilled promise.
- 7BitGet Says Stolen Funds Nearing $400 Million in Security BreachβMILESTONE | BitGet Says Stolen Funds Nearing $400 Million as Security Breach Unfolds
Crypto exchange BitGet says funds stolen in an ongoing security breach are nearing $400 million. The company disclosed the figure as an apparent milestone in its assessment of the incident, making it one of the larger exchange hacks in recent memory. The unfolding breach is drawing wide attention across the crypto industry, with observers watching how much was taken and how BitGet responds.
- 8Bitget Hit by $387.5 Million Security BreachβThe Daily: Bitget hit by $387.5 million security breach, and more
Crypto exchange Bitget has suffered a security breach valued at $387.5 million, according to reporting by The Block, making it one of the larger exchange security incidents in recent memory. The breach is drawing attention across the crypto industry as traders and observers assess the scale of losses and how the platform will respond. Details on the cause and any compensation plans remain limited so far.
- 9Crypto Shifts Focus From Congress to RegulatorsβHow Crypto Stopped Waiting for Congress and Learned to Love the Regulators
The crypto industry is increasingly working directly with US regulators rather than waiting for Congress to pass comprehensive crypto legislation. The shift reflects frustration with stalled market-structure bills and a pragmatic turn toward engaging agencies such as the SEC on rulemaking and compliance. Commentators see it as a sign that policy is now being shaped in regulatory channels rather than on Capitol Hill.
- 10Tether Proposes Twenty One Capital Merger With Strike and ElektronβTether Proposes Twenty One Capital Merge With Strike, Elektron
Tether has put forward a proposal for Twenty One Capital to merge with Strike and Elektron. The move, reported by CoinMarketCap, would combine the entities into a single structure, though details on terms and timelines have not yet been disclosed. The proposal is drawing attention across the crypto industry, with market watchers awaiting further confirmation from the parties involved.