Six Republican senators, led by Cynthia Lummis, have called on the Federal Reserve, FDIC, and OCC to revise the current bank capital rules that impose a 1,250% risk weight on Bitcoin holdings, which they say acts as a de facto ban on banks holding crypto. They argue for a risk-based, technology-neutral framework that treats digital assets like other asset classes based on actual risk, not punitive capital requirements. This push coincides with the Basel Committee's review of crypto standards and the CLARITY Act, which aims to expand banks' roles in digital asset activities. If successful, these changes could lower barriers for institutional Bitcoin adoption and reshape how banks engage with crypto.
Boehringer Ingelheim's Phase III trials of survodutide, a glucagon/GLP-1 dual agonist, showed significant metabolic health improvements in people with obesity. The SYNCHRONIZE-1 trial reported up to 16.6% weight loss, 34% reduction in visceral fat, a...
OpenAI is preparing its biggest upgrade yet, transforming ChatGPT into a superapp with multiple tools like coding and AI agents to better compete with Anthropic. This move aims to attract more corporate clients and increase revenue as OpenAI readies ...
In May, Solana attracted $716 million in real-world asset inflows, the highest among blockchains, signaling strong institutional confidence. Mastercard launched always-on USDC stablecoin settlement on Solana, bridging traditional finance with blockch...
Canton Network's token price surged 10.61% to $0.1652 with trading volume up 22.28%, driven by growing institutional adoption and anticipation of the DTCC soft launch in July. Despite the rally, net outflows from exchanges suggest accumulation rather...
Crédit Agricole S.A. announced it will redeem all outstanding ¥84.2 billion Japanese Yen callable senior non-preferred bonds issued in June 2021 on July 6, 2026. The redemption will be at 100% of the principal amount plus accrued interest, ceasing bo...
