Securitize and Ethena have opened a BUIDL facility with $100 million of capacity.
Per The Defiant, it starts with $25 million each in USDC and BUIDL, and additional funding is conditional.
That is capacity, not a continuously available $100 million cash pool.
#Crypto
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South Korea is set to permit crypto withdrawal freezes during hacking threats.
Per Cointelegraph, it follows a $70,000 hot-wallet breach at Prabang.
The trigger is a threat, not a confirmed hack. Customers who want out during one wait it out.
#Crypto
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Bitcoin Core has patched a bug that could have stalled mining.
Per Decrypt, three bugs are fixed: denial of service and privacy, not coin theft.
The most serious could halt a miner's ability to build new blocks. That is an availability failure, not a theft one.
#Bitcoin
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Stablecoin supply has dropped $14.2 billion, the largest contraction since the 2022 bear market.
Per The Block, USDT and USDC supply fell nearly $11 billion over the past month.
Gold-backed tokens held steady. The contraction is in the dollar tokens.
#Crypto #Stablecoins
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Deutsche Bank has launched crypto custody for institutions.
Per Cointelegraph, clients can store and transfer Bitcoin, Ether and select stablecoins.
The bank manages their wallets and private keys, so the custody here is the bank's, not the client's.
#Crypto #DeutscheBank
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A federal judge ruled Novig's sports event contracts are not swaps.
Per The Block, the court denied the company's injunction bid, so New York can enforce its gambling laws against Novig.
The product did not change. The label a court put on it did.
#Crypto
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Goldman Sachs and Citi are among banks said to commit $270 million to a stablecoin venture.
Per CoinDesk, the venture known as Project Faro plans to issue a dollar stablecoin.
Plans to issue, said to commit. Nothing here has shipped.
#Crypto #Stablecoins
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Anthropic set an IPO price range of $70 to $78 a share.
Per TechCrunch, the implied $1.404 trillion valuation assumes a top-of-range listing, on a fully diluted basis.
A range is not a price. That number is the ceiling, not the result.
#AI #Anthropic
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North Korean hackers minted six memecoins to launder Binance hack funds, Elliptic says.
Per CoinDesk, the six tokens moved 117,000 NEAR, worth about $430,000.
That is one leg of a $6.3 billion hack, and who minted them is Elliptic's call.
#Memecoins #Binance
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Mercado Bitcoin is reopening after its hack with no date for withdrawals.
Per Cointelegraph, access returns in phases and customers can see pre-hack balances.
A balance you can see is not one you can move. What is back is the view, not the exit.
#Crypto
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An OCC approval opens Bridge's path to a federal stablecoin trust bank.
Per The Defiant, the order requires $45 million in minimum capital and preopening checks.
A bank charter is not issuer approval. Under the GENIUS Act that is a separate step.
#Crypto #Stablecoins
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