The Office of the Comptroller of the Currency (OCC) has given preliminary conditional approval for World Liberty Trust Company to become a national trust bank, allowing it to issue and manage its USD1 stablecoin under federal regulation. This marks a significant step for the Trump family-linked crypto venture, which currently has its stablecoin managed by a private custodian. The approval comes amid Senate debates over the CLARITY Act, which aims to regulate crypto profits involving public officials and their families, given the Trump family's 38% stake in the company. The final charter still requires World Liberty Trust to meet OCC conditions, but if granted, USD1 would operate with a regulatory backing unique among stablecoins, potentially changing risk profiles for institutional investors.
World Liberty Financial, backed by the Trump family, received preliminary approval for a national bank trust charter from the Office of the Comptroller of the Currency. This approval allows the company to manage its USD1 stablecoin under federal regu...
Zcash (ZEC) surged to $795.03, surpassing its 12-month high by 8.5%, driven by a strong uptrend confirmed by high trading volume of $2.53 billion, well above its 30-day average. The coin's market cap reached $13.38 billion, ranking it 11th among cryp...
Ethereum's price jumped 31% in a week, driven mainly by a massive 1,514% increase in short liquidations averaging $131 million weekly. This forced short covering boosted trading volumes and pushed network activity higher, with base fees up 189% and f...
Cryptocurrency markets rallied strongly this week, with Bitcoin climbing over 20% to nearly $80,000, driven by ETF inflows, improved liquidity, and a risk-on sentiment. Altcoins also performed well, especially Ethena (ENA) which surged over 100%, and...
BitMart, which announced plans to shut down its crypto exchange last month, is now considering a restructuring plan to keep the business running. The company is working with legal and financial advisors to potentially resume operations in phases whil...
