TREE NEWS reports: A consortium of 21 major financial institutions, including Bank of America, Citi, and Goldman Sachs, plans to launch a stablecoin, starting with a US dollar-backed version before expanding to other G7 currencies, with a euro-denominated offering next. This marks a significant move by traditional finance into the crypto space, potentially accelerating institutional adoption of digital assets.
TREE NEWS update: BlackRock’s spot Bitcoin ETF has outperformed Vanguard’s S&P 500 fund since its launch, highlighting strong demand for crypto exposure. This marks a notable milestone in the adoption of digital assets by traditional finance.
TREE NEWS update: BlackRock’s iShares Bitcoin Trust (IBIT) has delivered better returns than Vanguard’s S&P 500 ETF, highlighting the strong performance of the crypto asset. The fund’s outperformance underscores growing investor interest in Bitcoin as an investment vehicle.
TREE NEWS update: X (formerly Twitter) users are receiving unexpected password reset emails, prompting concerns of a data breach. Engineers acknowledge the issue but have not confirmed a breach. The cause remains under investigation.
TREE NEWS update: ARB led gains among major tokens as fees on Robinhood’s chain doubled, boosting Arbitrum DAO’s daily cut to ~$192K. Bitcoin slipped 0.7% amid rising bond yields and falling gold.
TREE NEWS reports: Cathie Wood’s Ark Invest purchased $37 million worth of Bitcoin and Block shares across three ETFs, also adding $3.4 million in Circle stock. The move underscores continued institutional interest in crypto-related equities.
TREE NEWS update: Ethena has launched a self-custodial payments app for its USDe stablecoin, enabling everyday payments, savings, and cross-border transfers. The app offers annualized rewards of up to 6%, aiming to integrate USDe into mainstream financial activities.
TREE NEWS reports: Chainalysis has filed a lawsuit against the U.S. Department of Homeland Security (DHS) over a $95 million no-bid contract awarded to competitor TRM Labs for crypto tracking services. The suit alleges the contract was improperly granted without a competitive bidding process.
TREE NEWS reports: Japan’s 30-year government bond yield reached its highest level in 30 years, reflecting shifting expectations for monetary policy. Meanwhile, Bitcoin traded sideways around $78,000 as markets digested the macro data.
TREE NEWS update: Robinhood Chain reported record revenue, signaling strong demand for its crypto services. This news drove ARB, the token of Arbitrum, up 30% in 24 hours, reflecting positive market sentiment toward Layer 2 solutions.
TREE NEWS update: The US Department of Commerce announced plans to leverage Chainlink to bring macroeconomic data on-chain. This initiative marks a significant step in bridging traditional finance and blockchain technology.
TREE NEWS reports: Global bond yields hit multi-decade highs as Japan’s 10-year JGB yield reached a 30-year peak, yet Bitcoin remained stable near $78,000. The bond market turmoil reflects macroeconomic pressures, but crypto prices showed resilience.
TREE NEWS reports: Insiders report that SpaceX is reorganizing its data center leadership team. The move comes amid broader infrastructure changes at the company.
TREE NEWS update: Bitcoin’s ‘Kimchi Premium’ in South Korea has reappeared, indicating renewed retail interest in the Asian market. This phenomenon occurs when Bitcoin trades at a higher price on Korean exchanges due to local demand and capital controls.
TREE NEWS update: Glassnode reports that the correlation between Bitcoin and the S&P 500 has fallen to near its lowest level in almost two years, indicating a decoupling from traditional equities. This suggests Bitcoin may be trading more on its own fundamentals rather than macro-driven risk sentiment.
TREE NEWS reports: Predict.fun has launched its Predict Developer Dashboard, enabling developers to create applications, generate API keys, and manage usage limits and rate restrictions. This update aims to facilitate integration and enhance the platform’s developer ecosystem.
TREE NEWS reports: A counterfeit Claude desktop application is distributing the RevStealer malware, which can steal data from over 50 cryptocurrency wallets. Users are advised to download software only from official sources to avoid infection.
TREE NEWS update: A group of 21 global banks has committed to forming a joint stablecoin company, signaling a major push by traditional finance into the digital asset space. This initiative underscores the growing convergence of TradFi and blockchain, potentially accelerating the adoption of regulated stablecoins.
TREE NEWS update: Gal Gadot defended the use of AI in the upcoming Bitcoin film ‘Bitcoin: Killing Satoshi’, stating that actors must ‘work with it or be out of the game’. Her lawyers spent six months negotiating her contract to protect her performance.
TREE NEWS reports: Machi Brother (Jeffrey Huang) has launched a token named TAIWAN on the Robinhood chain and purchased approximately $600,000 worth of the token himself. This move highlights the growing trend of celebrity and influencer-driven token launches on emerging blockchain platforms.
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