Open Standard’s Open USD is trying to make the stablecoin yield fight about distribution before the token is live.The company announced Open USD on June 30 as a stablecoin for global money movement. Its headline feature is a reserve-sharing model: businesses can mint and redeem at no cost, without artificial volume caps, while partners receive reserve earnings minus a small management fee.Open Standard also says Open USD will be operated by an independent company with partner-led governance. Founding CEO Zach Abrams framed the product as a stablecoin built by and for the businesses that will use it.Open USD has yet…
Author: cryphedge
Türkiye’s largest digital asset platform Paribu has integrated Polymarket into its app, making it the first platform in the country to offer users access to prediction markets. The feature went live on 01 July through the DeFi section of the Paribu app, allowing users to trade outcome-based contracts directly from their existing balance without needing a separate wallet or new account.What Prediction Markets ArePrediction markets let participants take a position on whether a specific future event will occur. Each contract is priced as a probability — if a contract trades at 0.70, the market is collectively assigning a 70% chance…
Florida has turned crypto ATM scam prevention into a business-liability test for kiosk operators.The state’s newly chaptered HB 505, now Chapter 2026-178, creates a virtual currency kiosk framework that will require fraud warnings, receipts, daily transaction caps, registration filings, and a conditional refund right for fraud victims.The timing matters. Most of the act takes effect Jan. 1, 2027, while the section requiring virtual currency kiosk businesses to register before operating starts March 1, 2027.That staged rollout gives operators time to prepare while setting a clear enforcement path for regulators. Florida is assigning kiosk businesses specific duties before, during, and after…
Taiwan has moved stablecoin issuance into a licensing test for supervised financial infrastructure.The Legislative Yuan passed the Virtual Asset Service Act on its third reading on June 30, establishing a dedicated framework for crypto trading platforms, stablecoin issuers, and other virtual asset service providers.The practical consequence is a stablecoin market where approval, reserves, domestic custody, audits, and no-yield limits determine who can scale before open-market crypto issuers have much room to compete.Under the new framework, stablecoin issuers must maintain full reserve backing, hold segregated reserve assets in trust through domestic financial institutions, undergo regular audits and avoid paying interest or other returns…
All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders. A new non-profit, Ethereum Institutional, launched to drive institutional ETH adoption. It positions itself as a neutral “front door” representing the whole ecosystem. Its founding team built the Ethereum Foundation’s Enterprise function. Anchor funders are BitMine, SharpLink, and Joseph Lubin, all ETH-aligned. Ethereum Institutional, an independent non-profit, launched to accelerate institutional adoption of ETH, its layer-2s, applications, and broader ecosystem, positioning itself as a “credible, independent front door” that institutions can engage with directly. The Gap It Claims to Fill The organization’s whole pitch rests…
Shiba Inu (SHIB) had a historic launch in August 2020. Although SHIB is well loved in the meme coin world, this asset has experienced one of the worst declines in the market. According to CoinGecko’s Shiba Inu data, SHIB’s price has dropped over 95% from its 2021 all-time high. Let’s discuss why Shiba Inu (SHIB) has suffered and if its price will crash any further.Why Has Shiba Inu (SHIB) Dipped So Bad?Source: PixabayShiba Inu (SHIB) saw some positive price action in 2024. The asset climbed to the $0.00003 price level in December 2024, but has since been on a downward…
On June 29, the US Supreme Court ruled that President Donald Trump had the authority to remove the Federal Trade Commission (FTC) Commissioner Rebecca Slaughter, rejecting the statutory limits that previously allowed FTC commissioners to be fired only for cause.This decision overturned Humphrey’s Executor, the 1935 precedent that had protected certain independent agency commissioners from dismissal without cause for more than nine decades.The ruling stated:“Despite what Humphrey’s may say, independent agencies are not ‘independent’ in the sense that they are free of the President and thus responsive ‘only to the people of the United States.’”Trump celebrated the court’s decision on…
Bitcoin (BTC) price is facing fresh selling pressure after slipping below the key $60,000 support, adding more weight to the ongoing bearish trend. The price is down slightly by 1.05% to $58,363 in the past 24 hours, underperforming merely the weaker broader market trend. The latest breakdown has pushed the market into a weaker structure, with lower highs continuing to form and sell-side pressure increasing. While this may look like another leg down, it could also signal that Bitcoin is entering the final phase of its broader bear cycle, a stage often marked by panic selling and heavy liquidations before…
Europe’s crypto market resets on July 1, when MiCA’s transitional period ends and unauthorized exchanges lose the legal right to operate in the EU.Whether the deadline holds depends on the app stores on European phones.Under the ESMA’s June 23 statement, unauthorized crypto exchanges must immediately stop onboarding new EU clients, opening accounts, and marketing or soliciting business once the transitional period ends.Activity has to narrow to selling or transferring assets, closing positions, and holding custody only as long as strictly necessary.Clients who stay with a platform outside that perimeter lose MiCA’s protections entirely, including the safeguards covering client assets.Erald Ghoos,…
All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders. Robinhood is expanding its agentic trading platform to cryptocurrencies, allowing eligible U.S. users to connect AI models directly to Robinhood’s trading infrastructure. The launch accompanies the debut of Robinhood Chain, the company’s Ethereum Layer-2 blockchain, alongside new tokenized stocks, perpetual futures and stablecoin lending products. CEO Vlad Tenev said the long-term goal is to give AI agents access to every capability available to human traders while keeping users in control through predefined risk limits. The announcement, made during the company’s “The World Is Flat” event,…
