Cryptocurrency

Ripple has burned another 10 million RLUSD tokens, extending a run of treasury operations that has reduced the circulating supply of its dollar-backed stablecoin.  Summary Ripple burned another 10 million…

Ethereum-backed EthSystems has launched with support from Bitmine, SharpLink and Consensys CEO Joe Lubin, adding another independent organization to Ethereum’s institutional development network after the Foundation cut 54 roles. Summary…

Ark Invest has expanded its exposure to Circle and Block while cutting its Robinhood position, adding nearly $15.4 million worth of shares across the three companies. Summary Ark Invest bought…

TeraWulf shares have dropped more than 7% after New York ordered a one-year pause on new environmental permits for large-scale data centers. Summary TeraWulf shares fell more than 7% after…

Stripe and private equity firm Advent International have reportedly submitted a joint offer to acquire PayPal for more than $53 billion. Summary Stripe and Advent reportedly offered $60.50 per PayPal…

U.S. inflation slowed more than expected in June, giving risk assets fresh support after months of pressure from rising energy costs. Summary US inflation cooled to 3.5% in June, beating…

The United Kingdom and United States have agreed to pursue closer coordination on stablecoin regulation, cross-border payments and tokenized financial markets. Summary UK and US regulators seek aligned stablecoin rules…

Mizuho has downgraded Circle Internet Group from Neutral to Underperform and cut its price target from $85 to $50, citing competition from Open USD. Summary Mizuho cut Circle’s price target…

The United States has frozen more than $130 million in cryptocurrency held in wallets linked to the Central Bank of Iran, according to Treasury Secretary Scott Bessent. Summary US authorities…

Binance is looking beyond cryptocurrency trading as it works to build a broader financial “super app” centered on payments, stablecoins and investment products. Summary Binance plans to expand beyond trading…