Block, founded by Jack Dorsey and Jim McKelvey, is applying for regulatory approval to create Builders Bank & Trust, a national trust bank focused on federally supervised custody and fiduciary services for Bitcoin and stablecoins. The bank, led by Lee Woolley, will operate under a national charter providing a consistent federal framework to support Block's growing digital asset custody business. Builders Bank will be uninsured and non-deposit-taking, aiming to enhance Block's broader vision of economic empowerment. Approval from the OCC is required before operations can begin.
At the 2026 Chery International User Summit, Chery introduced its Super Intelligent Valet Parking (SIVP) system, designed to simplify parking for families. The system uses advanced sensors and AI to enable features like One Tap Departure and One Step...
This week saw the debut of one biotech IPO, Lycia Therapeutics, which priced its upsized offering at the top of the range. Additionally, four companies filed initial IPO documents, including two significant biotech firms. Investors are closely watchi...
Cysic plans to burn 7.2 million of its tokens from the foundation reserve to counteract unauthorized creation of 10 million CYS tokens on the BNB Chain during a security breach on October 17. The breach involved the Cysic bridge, which transfers toke...
Bitcoin currently has no agreed-upon upgrade to protect against quantum computing threats. Proposals like BIP-360 and the SHRINCS signature draft aim to enhance cryptographic security but remain in draft form without adoption. BIP-360 would reduce pu...
On October 23, U.S. Bitcoin ETFs experienced net withdrawals of 6,998 BTC, while Ether ETFs lost 19,381 ETH, marking negative flows for both on that day. However, over the past seven days, Bitcoin ETFs still recorded net inflows totaling 4,312 BTC, c...
