Shares in four U.S. spot XRP exchange-traded funds (ETFs) are being pledged as collateral against nearly $4 billion of borrowing from a Charles Schwab money market fund, according to the fund’s latest monthly filing. What the Filing Shows Charles Schwab Family of Funds recently filed its monthly N-MFP3 portfolio report, covering the period ended Aug.…Read More

Exporters can now fund imports with overseas earnings without first selling their foreign currency at official rates, the Financial Times reported.Iran’s central bank has reportedly eased foreign currency controls to encourage businesses to bring overseas earnings home, including through cryptocurrency, amid tightening US sanctions.This includes using Tether’s USDt (USDT) and Bitcoin (BTC) to settle cross-border…Read More

The proposed Builders Bank would offer federally supervised digital asset custody but would not accept deposits or issue loans.Jack Dorsey’s payments company Block seeks to establish a federally regulated trust bank to provide custody services for Bitcoin and stablecoins.Block said Tuesday it had submitted an application to the Office of the Comptroller of the Currency…Read More

Ripple chief legal officer Stuart Alderoty says he has gone to the offices of senators who are undecided on or opposed to the CLARITY Act with a single request: meet a real American crypto holder before you vote. The Ask Alderoty made the request public in a deliberately unglamorous fashion, calling not lobbyists or exchange…Read More

Grayscale said its Zcash ETF passed $500 million in assets two weeks after listing. A regulatory filing shows $100 million of that arrived from a company affiliated with the fund’s own sponsor. What the Filing Actually Says Grayscale told followers on Sept. 8 that the world’s only Zcash fund had surpassed $500 million in assets…Read More

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.Today in crypto, Singaporean national Malone Lam pleaded guilty to participating in a RICO conspiracy that stole and laundered more than $245 million in crypto. Visa connected its settlement…Read More

Stablecoins supply core market liquidity, yet large balances often sit idle to meet instant trading and margin needs. Kucoin says it has unveiled a solution that reduces the trade-off between earning returns and retaining trading utility. The Problem With Idle Capital Cryptocurrency exchange Kucoin argues that while stablecoins underpin the vast majority of liquidity across…Read More

Gemini’s local entity is authorized to provide digital payment token and cross-border money transfer services without standard transaction-volume limits.Crypto exchange Gemini has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), completing its transition from the in-principle approval granted nearly two years ago. On Wednesday, Gemini said MAS awarded the license…Read More

Bill Gates spent a day handling customer support at Phia, the sustainable fashion startup co-founded by his daughter Phoebe Gates and Sophia Kianni, taking on the role of a “luxury customer advisor.” Phia sells an app and Chrome extension that scans more than 40,000 sites to find fashion deals and second-hand alternatives. Gates later said…Read More

US prosecutors said Lam organized an international network that targeted cryptocurrency holders through social engineering and home break-ins.Singaporean national Malone Lam pleaded guilty to participating in a racketeering conspiracy that used social engineering and home break-ins to steal and launder more than $245 million in cryptocurrency.On Tuesday, the US Justice Department said that Lam organized…Read More