Ripple detailed the regulatory framework for its RLUSD stablecoin, highlighting differences in licenses, reserve requirements, and oversight that affect holder protections. RLUSD is issued under a New York trust charter with segregated reserves, while a proposed federal trust bank for RLUSD has only conditional approval pending final regulatory steps. Ripple also clarified that CFTC collateral rules for derivatives are separate from issuer supervision. This transparency aims to help institutions evaluate RLUSD for payments and treasury use as Ripple expands its tokenized asset infrastructure.
A Coinbase engineer created an open-source project called Stonkfly that connects a simulated fruit fly brain to a Bitcoin trading system. Instead of using direct price data, the system interprets Bitcoin candlestick charts visually and rewards profit...
Bitcoin, Ethereum, and XRP are under pressure due to rising expectations of a Federal Reserve interest rate hike at the September 15-16 meeting, with an 86.5% chance of a 25 basis point increase. This would be the Fed's first rate hike in three years...
Chainlink's price has surged about 35% over the past month, driven by renewed institutional interest and upcoming U.S. policy events. LINK traded near $11 on September 12, with technical support at $11 suggesting potential for a breakout above $12. E...
Ripple's product head Jazzi Cooper emphasized institutional credit as a major potential use case for XRP, driven by new lending features on the XRP Ledger (XRPL). The XRPL is introducing amendments XLS-65 and XLS-66, enabling pooled asset vaults and ...
Matt Mullenweg, founder of WordPress and CEO of Automattic, was briefly removed from his position by the company's board, which placed him on paid leave. However, after internal disputes and Mullenweg asserting control over company communications, Au...
