Converge

Latest

Bitcoin Posts Biggest Week Since 2024 as Trump Pushes Senate on CLARITY Act
Markets

Bitcoin Posts Biggest Week Since 2024 as Trump Pushes Senate on CLARITY Act

Bitcoin gained 22.6% over seven days, its largest advance over any seven-day window since November 2024, after the president told crypto executives at the White House that Congress needs to pass market structure legislation.
Circle Targets Sept. 16 for Arc Public Mainnet Launch
Blockchains

Circle Targets Sept. 16 for Arc Public Mainnet Launch

Official materials name Circle and 11 founding validators, while an Arc documentation page describes approximately 20 validators at launch.
Trump Says CFTC Working to Onshore Hyperliquid
Regulation & Politics

Trump Says CFTC Working to Onshore Hyperliquid

The president said CFTC Chair Michael Selig is working to bring the geoblocked perpetual futures venue into the US "in a fully compliant and legal fashion," sending HYPE and Hyperliquid Strategies shares up and CME and Cboe down.
How Maple Finance Became the #2 Crypto Lender Behind Tether — Sid Powell Explains
Podcast

How Maple Finance Became the #2 Crypto Lender Behind Tether — Sid Powell Explains

Sid Powell, CEO and co-founder of Maple Finance, joins Chris Storaker on the Converge Podcast
Bitcoin Tops $68,000 as Short Liquidations Hit $1.7 Billion
Markets

Bitcoin Tops $68,000 as Short Liquidations Hit $1.7 Billion

Ether gained 9% and total crypto market value rose 5.1% after the U.S. Treasury said it would at least double the size of its long-dated bond buybacks. Short positions accounted for 91% of the day's liquidations.
HSBC and Standard Chartered Complete First Live Transaction on Swift Blockchain Ledger
TradFi & Fintech

HSBC and Standard Chartered Complete First Live Transaction on Swift Blockchain Ledger

Swift’s ledger matched and netted obligations recorded on the banks’ separate platforms, but final settlement still ran through existing systems.
Tenev Pushes for Tokenized Stocks in America
TradFi & Fintech

Tenev Pushes for Tokenized Stocks in America

The Robinhood CEO published a case for US equity tokenization five days after the SEC shelved its innovation exemption for a second time.
SEC Proposes Token Offering Rules With $75 Million Exemption
Regulation & Politics

SEC Proposes Token Offering Rules With $75 Million Exemption

The proposal pairs two registration exemptions with a conditional safe harbor that would take the "investment contract" label off a token, and preempts state securities law. All three sitting commissioners backed it in a vote held outside a public meeting.
Deel Takes Its DLUSD Stablecoin Wallet to More Than 80 Countries
TradFi & Fintech

Deel Takes Its DLUSD Stablecoin Wallet to More Than 80 Countries

The payroll platform's dollar balance, issued through Stripe's Bridge and settled on Tempo, is now live across Latin America, Africa, the Middle East and Asia-Pacific. The US, UK, EU and Australia remain excluded.
Stripe’s Reported $7 Billion OpenRouter Deal Buys Micropayments Without a Blockchain
TradFi & Fintech

Stripe’s Reported $7 Billion OpenRouter Deal Buys Micropayments Without a Blockchain

OpenRouter meters AI usage against prepaid deposits and charges 5% on crypto top-ups against 5.5% on card purchases made through Stripe. Stripe co-incubated Tempo to settle machine payments onchain; the chain is running at about one transaction per second.