Financial Market News
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Consensys Plans Split Into MetaMask and Institutional Blockchain Businesses
Consensys will separate MetaMask’s consumer business from its Ethereum protocols and institutional blockchain infrastructure operations, Cointelegraph reported. The restructuring will create distinct consumer and institutional blockchain businesses.
Cointelegraph
Steak ‘n Shake Says Sales Grew Double Digits Since Bitcoin Adoption
Steak ‘n Shake says sales have risen by double digits since it began accepting Bitcoin via the Lightning Network last year, according to Bitcoin Magazine. The company did not disclose an exact growth percentage.
Bitcoin Magazine
Iran Reportedly Continues Using Bitcoin to Support Economic Stability
Bitcoin Magazine reports that Iran continues to use Bitcoin to help keep its economy stable. Business and regime insiders reportedly described using the cryptocurrency to circumvent transactions as a tested method.
Bitcoin Magazine
Apple Debuts Gemini-Powered Siri, A20 Pro Chip and $1,999 Foldable iPhone
Apple unveiled a Gemini-powered Siri redesign, its first 2-nanometer A20 Pro chip and a $1,999 foldable iPhone. The foldable model is expected to ship in October, during CEO John Ternus’ debut keynote.
Decrypt
TRM Labs Raises Valuation to $2 Billion in Series C Expansion
TRM Labs doubled its valuation to $2 billion in a Series C expansion, Cointelegraph reported. The blockchain intelligence firm also said annual recurring revenue has quadrupled in three years as its AI-powered investigations business expands.
Cointelegraph
Tether Crackdown Pushes Xinbi-Linked Holdings Above $45 Million Toward USDD
Bitrace estimates Xinbi-linked holdings targeted in Tether’s crackdown at more than $45 million. CryptoSlate reports that the sanctioned marketplace has announced plans to use USDD exclusively, shifting toward a decentralized stablecoin.
CryptoSlate
U.S. Freezes $52.8 Million in Crypto Linked to Xinbi Telegram Marketplace
The U.S. Secret Service froze $52.8 million in crypto linked to Xinbi, a Telegram marketplace associated with global scams. Elliptic traced the funds, while Treasury sanctioned the platform, which reportedly processed $24 billion.
Decrypt
IonQ Unveils Superion 256 as It Scales Quantum Computer Manufacturing
IonQ has introduced the Superion 256 quantum computer while building its first chips and testing prototypes. The company is pursuing larger-scale quantum manufacturing, as Bitcoin developers separately debate their next steps.
Decrypt
US Bank Tests Proprietary Stablecoin in Cross-Border Stellar Transaction
US Bank tested its proprietary USBDC stablecoin in a transfer between North American and European entities using the public Stellar blockchain, Cointelegraph reported. The pilot connects institutional stablecoin activity with the Stellar network and XLM.
Cointelegraph
Bitcoin stays below $80,000 as yen strength raises carry-trade concerns
Bitcoin stayed below $80,000 as it tracked lower with US stocks amid Iran-related escalation. Yen strength near 153 per dollar and comments linked to Treasury Secretary Scott Bessent fueled concerns about a possible yen carry-trade unwind.
Cointelegraph
Mexican Musician and Family Killed Over Bitcoin Cold Wallet Believed to Hold Millions
Mexican prosecutors allege suspects killed Camilo Séptimo keyboardist Jonathan Meléndez and his family while searching for a cold wallet they believed held millions of dollars in Bitcoin.
Decrypt
Ethereum’s institutional staking boom is growing, but Lido’s share is shrinking
Ethereum’s institutional staking activity is growing, but Lido captured just 5.7% of first-half staking growth. CryptoSlate also pointed to NEST’s negative budget as evidence that deposits alone cannot fund purchases.
CryptoSlate
LAPTOP memecoin draws on Hunter Biden laptop controversy
The LAPTOP memecoin is built around the Hunter Biden laptop controversy. Project disclosures say it has no utility, lock founder tokens for six months and reserve 2% of the supply for wallets that lost money on TRUMP.
Cointelegraph
Crypto groups challenge Illinois 0.2% tax ahead of January start
CCI and the Blockchain Association are seeking to block Illinois’ planned 0.2% crypto tax before its January effective date, arguing that the measure is unconstitutional and would impose costly compliance burdens.
Cointelegraph