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Tether's XAUt Token Capitalizes on $3,400 Gold Prices as Banks Accumulate 1,000+ Tons Annually
Jul 29, 2025
Central banks accumulated over 1,000 metric tons of gold in 2024 for the third consecutive year, pushing the precious metal to record levels near $3,400 per troy ounce and lifting Tether's gold-backed digital token XAUt to an $800 million market capitalization. The unprecedented institutional demand
JPMorgan Suspends Gemini Onboarding After $2 Billion Data Fee Criticism
Jul 28, 2025
Cryptocurrency exchange Gemini has had its onboarding process suspended by JPMorgan Chase after co-founder Tyler Winklevoss publicly criticized the bank's new fee structure targeting fintech companies. The suspension affects Gemini's ability to re-establish banking services with the nation's largest
Senate Banking Committee Unveils Digital Asset Framework Amid Record Industry Spending
Jul 28, 2025
The Senate Banking Committee released a discussion draft of the Responsible Financial Innovation Act of 2025 last week, marking a significant development in federal cryptocurrency regulation efforts. The proposed legislation introduces "ancillary assets" as a regulatory category and outlines expande
Goldman Sachs, BNY Launch Tokenized Access to $7.1 Trillion Money Market Industry
Jul 23, 2025
Goldman Sachs and Bank of New York Mellon have developed a system allowing institutional investors to purchase tokenized money market funds, marking a significant advancement in the digitization of the $7.1 trillion money market industry. The initiative enables BNY clients to invest in money market
PNC Bank Partners With Coinbase to Launch Crypto Services for Institutional Clients
Jul 22, 2025
PNC Bank announced Tuesday it will offer cryptocurrency services to institutional and banking clients through a partnership with digital asset exchange Coinbase, making it one of the largest U.S. banks to embrace digital assets at scale. What to Know: PNC will use Coinbase's infrastructure to let cl
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