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US Bank tests cross-border USBDC transfer between its North American and European entities
US Bank tested a live USBDC payment on Stellar between its North American and European entities. The internal trial examined minting, redemption and issuer controls without involving outside participants.
Bitcoin’s Golden Cross Signal Fades as Rate-Hike Bets Strengthen
Decrypt reports that Bitcoin’s near-term technical outlook has changed as rate-hike bets strengthen. The cryptocurrency’s golden-cross signal is flickering off amid rapidly shifting expectations in the interest-rate market.
Bitcoin Suisse plans to move up to half of Swiss jobs abroad
Bitcoin Suisse plans to move up to half of its Swiss jobs to lower-cost international hubs, according to Finews. The relocation would affect back-office functions as the firm expands its global wealth and asset management business.
UniCredit Reportedly Weighs Crypto Custody Services
UniCredit is reportedly developing a crypto custody service, according to Bitcoin Magazine. The move would add Italy’s second-largest bank to a group of European institutions exploring digital-asset services, although no launch or regulatory details were provided.
Regulation Identified as Hyperliquid’s Biggest Risk, Ran Neuner Says
Ran Neuner, founder of Crypto Banter, said Hyperliquid’s network effects provide a strong competitive moat, while regulatory uncertainty remains the platform’s biggest risk, Cointelegraph reported.
OpenAI Seeks Congressional Clarity on Whether an AI Slowdown Would Be Legal
OpenAI is seeking guidance from Congress on whether an AI development slowdown could comply with antitrust law. The request follows calls for restraint from researchers and warnings that competition may cause companies to overlook risks.
UK Government Defeated as Lords Support Digital Assets Strategy
The House of Lords backed legislation requiring the UK Treasury to consult on a digital assets strategy covering cryptoassets, stablecoins, tokenized securities and digital financial infrastructure, Bitcoin Magazine reported.
Robinhood Crypto Trading Volume Climbs 61% in August
Robinhood’s crypto trading volume rose 61% in August, fresh operating data reported by Decrypt shows. Crypto activity is recovering, though another, unspecified business is now growing faster than traditional trading.
Bitwise Plans to Close Dogecoin ETF Before First Anniversary
Bitwise’s BWOW Dogecoin ETF is scheduled to stop trading on October 14, before its first anniversary. Cash payments to remaining shareholders are expected on October 22, according to Decrypt.
Bitcoin Price Spikes, Shrugs off Hot US Inflation Data
Bitcoin climbed despite hot US inflation data and the possibility of an interest-rate hike, Bitcoin Magazine reported. The report gave no specific price, inflation figure, or details on the potential policy decision.