FTX’s crypto mining venture is now used to advance AI
The defunct exchange acquired a 20% stake in Genesis Digital Assets before FTX declared bankruptcy in November 2022. Source：Cointelegraph
Crypto PACs report $2.7M spending blitz on House races as midterms loom
With just 22 days until the US midterm elections, a cryptoaligned committee has announced another major ad expenditure to support “procrypto” candidates in…
US accounting overhaul could make stablecoins more attractive to corporations: Tempo
A Tempo report examines how proposed US accounting rules could change corporate stablecoin holdings, with direct redemption rights determining which tokens…
Bitcoin miners face widening AI financing costs as lenders scrutinize deals
The Bitcoin mining industry needs roughly $50 billion to complete planned AI infrastructure projects, with IREN, Riot Platforms and HIVE Digital facing major…
XRP treasury Evernorth’s shares rise 5% at Nasdaq opening print
Evernorth’s share price rose by 5% as investors welcomed the Nasdaq debut of the first pureplay XRP digital asset treasury. Source：Cointelegraph
Australia proposes leverage caps for crypto-settled derivatives
ASIC’s proposal would extend leverage limits and protections against negative balances to certain derivatives settled in digital assets. Source：Cointelegraph
Kraken parent clears Dubai’s final hurdle for dirham trading rollout
Payward received full market approval from Dubai’s VARA to expand its digital asset services in the UAE, building on the preliminary approval received in May.…
Standard Chartered adds Ripple USD custody, eyes LMAX collateral deal
Standard Chartered has launched custody for Ripple’s RLUSD stablecoin on the XRP Ledger and plans to let institutions use the tokens as trading collateral.…
The bond market is doing the Fed’s job, and that could be good news for stocks, says Morgan Stanley strategist
A stronger dollar, higher bond market yields and elevated gas prices are already tightening financial conditions in the U.S. to the point that Kevin Warsh may…
South Korean bank launches Bitcoin-backed business loans: Report
Jeonbuk Bank reportedly began offering Bitcoinbacked loans to corporate customers, with a thirdparty custodian holding the cryptocurrency used as collateral.…
Global watchdog flags stablecoin risks, AI threats ahead of G20
The Financial Stability Board flagged crossborder stablecoin risks and AIrelated cybersecurity threats while urging G20 policymakers to support stronger…
DATA Network to migrate to Sui, retire own chain
The migration is backed by a $30 million investment from Sui Foundation. Source：Cointelegraph