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DeepNewz

Fed Study Revives Debate on Revaluing Fort Knox Gold for Debt or Bitcoin
Research & Opinion

Fed Study Revives Debate on Revaluing Fort Knox Gold for Debt or Bitcoin

The Federal Reserve has published a research note, titled “Official Reserve Revaluations: The International Experience,” detailing how five countries have unlocked fiscal resources by revaluing their gold and foreign-exchange reserves without selling the assets
China to Approve First RMB Stablecoin in Hong Kong Amid Outflow Concerns
Regulation & Politics

China to Approve First RMB Stablecoin in Hong Kong Amid Outflow Concerns

China’s central bank is preparing to approve the country’s first renminbi-backed stablecoins, with the initial launches expected to take place in Hong Kong, the Financial Times reported on 6 August
Parataxis Merges With SilverBox SPAC in $640 Million Bitcoin Treasury Push
Blockchains

Parataxis Merges With SilverBox SPAC in $640 Million Bitcoin Treasury Push

Asset manager Parataxis Holdings said it will merge with blank-check company SilverBox Corp IV in a move intended to create a publicly listed vehicle dedicated to holding Bitcoin
Standard Chartered Favours Ethereum Treasury Stocks Over U.S. Spot ETFs
Markets

Standard Chartered Favours Ethereum Treasury Stocks Over U.S. Spot ETFs

Standard Chartered said corporate companies that hold Ethereum on their balance sheets now offer a more attractive entry point to the world’s second-largest cryptocurrency
Dubai Grants First Licence for Retail Bitcoin Options
Regulation & Politics

Dubai Grants First Licence for Retail Bitcoin Options

The Dubai government has issued its first licence allowing the sale of cryptocurrency options, authorising retail investors to trade derivatives tied to Bitcoin
Judge Presses Deadlocked Jury in Tornado Cash Founder Roman Storm Trial
Regulation & Politics

Judge Presses Deadlocked Jury in Tornado Cash Founder Roman Storm Trial

A federal jury deliberating the criminal case against Roman Storm, the co-founder of cryptocurrency mixing service Tornado Cash, told U.S. District Judge Katherine Polk Failla on Wednesday that it is deadlocked on some of the charges.
SBI Holdings Files for Japan’s First Bitcoin and XRP ETFs
TradFi & Fintech

SBI Holdings Files for Japan’s First Bitcoin and XRP ETFs

Tokyo-based financial services group SBI Holdings has submitted regulatory filings to launch what could become Japan’s first exchange-traded funds investing directly in cryptocurrencies
Ethena’s USDe Vaults to No. 3 Stablecoin With $9.3 Billion Supply
DeFi

Ethena’s USDe Vaults to No. 3 Stablecoin With $9.3 Billion Supply

Ethena Labs’ dollar-pegged token USDe has vaulted to the number-three spot in the stablecoin rankings after its circulating supply swelled roughly 75% in the past three weeks
Michigan Pension Fund Boosts Bitcoin ETF Bet as BlackRock Pivots to Ether
TradFi & Fintech

Michigan Pension Fund Boosts Bitcoin ETF Bet as BlackRock Pivots to Ether

The State of Michigan Retirement System almost tripled its exposure to Bitcoin in the second quarter, regulatory filings show