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Global Banks and Asset Managers Join Stablecoin Venture
Citi, Goldman Sachs and other global banks and asset managers are teaming up on a stablecoin venture. The project will begin with a U.S. dollar token for payments and digital-asset settlement, with a euro token planned for expansion.
Bitcoin Holds Near $78,000 as Global Bond Yields Reach Multi-Decade Highs
Bitcoin held near $78,000 while global bond yields climbed to multi-decade highs. Japan’s 10-year JGB yield reached a 30-year peak as the global bond-market sell-off continued, Cointelegraph reported.
Robinhood Chain Revenue Record Sends Arbitrum Token 30% Higher
Robinhood Chain recorded $1.9 million in revenue over 24 hours, a record that coincided with a 30% rally in Arbitrum’s ARB token as traders chased downstream gains, according to CoinDesk.
South Korea’s Bitcoin ‘Kimchi Premium’ Returns
Bitcoin Magazine says South Korea’s closely watched retail bitcoin market is active again, putting the country’s “Kimchi Premium” back in focus. The supplied report provides no figures or details on the move’s scale.
Fake Claude App Distributes Malware Targeting Crypto Wallets
Cointelegraph reports that a fake Claude desktop app is distributing RevStealer malware, which targets more than 50 crypto wallets and can collect browser credentials, cookies, messaging data and selected documents.
Firelight Raises $8 Million to Extend DeFi Protection Beyond XRP
Firelight raised $8 million to expand its DeFi protection protocol beyond XRP. The project aims to help fintechs and investors recover losses from hacks while enabling XRP, bitcoin and XLM holders to earn yield by backing coverage.
Bitcoin Faces September Pressure as Rate-Hike Risk Meets Weak Seasonality
Bitcoin begins September facing two potential headwinds: historically weak seasonal performance and renewed rate-hike risk. CoinDesk said the combination could threaten the cryptocurrency’s rally, without providing a price target or market forecast.
Does the Bitcoin rally mean we haven’t wasted our lives in crypto?
Renewed activity in crypto is reviving debate over Bitcoin’s progress and the industry’s decade-long development. Cointelegraph considers whether crypto’s achievements matter, even though they differ from early believers’ expectations.
Ripple joins Asia’s digital-asset custody and tokenization push
Ripple has entered a strategic partnership to develop digital-asset custody and tokenized asset-management solutions for Asian institutions, Cointelegraph reports. The move adds to a broader wave of custody-infrastructure deals in the region.
BlackRock Reassesses Bitcoin’s Portfolio Role as Risk-Adjusted Returns Hold Up
BlackRock’s latest assessment of Bitcoin supports its portfolio case, finding that modest historical allocations improved risk-adjusted returns in traditional portfolios, according to Bitcoin Magazine.
UK Crime Agency Freezes Premier League-Linked $13.5 Million Account
The UK's crime agency froze a $13.5 million account linked to the Premier League in a crypto crime probe. The funds were tied to its $140 million sponsorship deal with Sorare, with no wrongdoing confirmed by authorities.
Strategy Returns to Bitcoin Buying While Raising Cash
Strategy is buying Bitcoin again while also purchasing STRC and raising cash, Decrypt reports. The company’s combined actions put market reaction in focus, with Bitcoin as the main asset affected by the update.