StablecoinsCircle Names Arc Validators: BlackRock, Visa, Mastercard
Circle posted $701M in Q2 revenue and named Arc blockchain validators, including BlackRock, Visa, and Mastercard, ahead of the September 16 launch.
Institutional Adoption — News - Page 24
Stablecoins
InstitutionalBNY Adds Staking to Custody Service With Galaxy
BNY, the world's largest custody bank, is adding staking to its digital asset platform through a partnership with Galaxy Digital.
InstitutionalBlackRock Tokenizes $311B of European Money Market Funds
BlackRock launched tokenized share classes for $311 billion in European money market funds through JPMorgan's blockchain unit Kinexys.
MiningAmerican Bitcoin Grows Reserve to 8,002 BTC in Q2
American Bitcoin grew its reserve to 8,002 BTC after mining a record 932 BTC in Q2, as net loss narrowed to $57.2 million.
StablecoinsMastercard Closes $1.8B Acquisition of BVNK
Mastercard completed its $1.8 billion acquisition of BVNK to build stablecoin payment and settlement infrastructure for banks and businesses.
InstitutionalBlackRock Launches Tokenized Funds for Stablecoin Reserves
BlackRock unveiled BSTBL and BRSRV funds for stablecoin reserves under the GENIUS Act. The firm already manages $60B in Circle reserves.
InstitutionalBithumb Targets 2028 IPO After Restructuring
South Korean exchange Bithumb is preparing a 2028 IPO after restructuring and a February error involving 620,000 Bitcoin.
RegulationBernstein Warns of Crypto Selloff Risk Over CLARITY Act
Bernstein warns a stalled CLARITY Act could hit Bitcoin. Odds of passage have dropped to 31% on Polymarket amid Senate delays.
RegulationSEC Freezes Nasdaq QBTC Bitcoin Options After CME Challenge
The SEC paused Nasdaq's QBTC bitcoin index options after a CME Group jurisdiction challenge. Review continues through at least August 24.