Author: Benjamin Lee
A leading stablecoin issuer has secured federal approval to launch a dedicated trust bank for digital asset custody services. Circle Internet Group says it has received final approval from the U.S. Office of the Comptroller of the Currency to establish First National Digital Currency Bank, N.A., operating as Circle National Trust. The new institution will provide institutional custody for USDC and other digital assets under full federal oversight. Circle Chairman and CEO Jeremy Allaire says the milestone strengthens Circle’s regulated infrastructure and places the bank under direct OCC supervision. “OCC approval to establish Circle National Trust marks a defining step…
Short squeezes and $11 million liquidations fueled the rapid Audiera (BEAT) price spike. Weekly burns and $2.9 million revenue added strong narrative support. $7.50 support is key, break below risks move toward $6 or lower. Audiera (BEAT) has become one of the most talked-about tokens in the digital asset market after recording an explosive move that pushed its price from below $1 levels earlier in the month to a recent high near $9.2053 on MEXC. At its current trading range around $9.0708, the token is up more than 61% in a single day and has gained over 1,400% across the…
The $54 support level is critical for the Hyperliquid price. HYPE futures open interest has fallen to $5.86B, triggering a leveraged unwind. Crypto Fear and Greed Index hit 15 as Bitcoin ETF outflows drove risk-off selling. The Hyperliquid price has dropped 11% in 24 hours to $55.35, making it one of the hardest-hit assets in an already rough day for crypto. While the broader crypto market is down, with Bitcoin falling 3.1% toward the $62,000 zone, HYPE’s losses were nearly four times larger; a pattern that tends to show up when a high-beta asset catches a deleveraging wave at the…
Zcash’s Orchard pool bug, undetected since 2022, sent ZEC crashing 52% to $303. The proposed Ironwood upgrade lets anyone verify ZEC’s 21 million coin supply cap. Analyst Yashu Gola warns of a rising wedge pattern, with $314 as the key support. Zcash (ZEC) suffered one of its worst weeks in recent memory last week. The privacy-focused cryptocurrency plunged from around $635 to a low of roughly $303 in a matter of days after Shielded Labs, a nonprofit developer on the Zcash network, disclosed a critical bug in its Orchard shielded pool, the part of the system responsible for hiding transaction…
The CEO of financial services titan JPMorgan Chase says banks will fight back against the CLARITY Act, the landmark crypto bill that seeks to establish a regulatory framework for cryptocurrencies and digital assets in the US. In a new interview, Jamie Dimon takes aim at the proposed legislation saying that it lacks adequate guardrails to protect investors. He says the bill also fails to address the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) law that aims to combat illicit financial transactions. “It allows them to effectively pay interest on deposits—stablecoins or something like that—without the protection that they should have and it…