ECB’s Cipollone Says Digital Euro to Give Banks Competitive EdgeThe digital euro will help European banks to better compete, according to European Central Bank Executive Board member Piero Cipollone.
UK Picks Six Banks for Digital Gilt Issuance by Early 2027The UK Treasury has appointed six banks — including Barclays Plc, Morgan Stanley and HSBC Holdings Plc — as joint lead managers for the pilot issuance of the country’s digital gilt instruments, as part of a push to modernize how the nation’s capital markets operate.
Crypto Exchange OKX Raises at $25 Billion From StanChart, CircleCrypto exchange operator OKX has raised new funding at a $25 billion valuation, drawing fresh capital from existing partners and the hedge fund Qube Research & Technologies.
Tether’s Washington Charm Offensive Collides With Iran ScrutinyOn Sept. 18, Tether gathered more than a hundred people for a black-tie soiree in Charlotte, North Carolina. The guests had come to celebrate the imminent opening of the stablecoin giant’s US headquarters in the Queen City. Among those attending was White House crypto adviser Patrick Witt, according to two people in attendance, who asked not to be identified discussing the closed-door event. Cantor Fitzgerald Chairman Brandon Lutnick was also there, one of the people said.
Crypto Custodian BitGo Bets on Prime Brokerage for GrowthBitGo Holdings Inc., the US crypto custodian that went public this year, wants prime brokerage to become the main engine of its business as it expands its trading, financing and settlement services, co-founder and Chief Executive Mike Belshe said.
German Government in Danger as Parties Fight Over Tax HikesChancellor Friedrich Merz’s government is struggling to agree on a package of measures to contain Germany’s widening budget gap in a growing dispute that’s becoming a danger to the coalition’s survival.
Bitcoin Bulls Descend on Singapore in Search of the Next BetCrypto executives and investors are gathering in Singapore for one of the industry’s biggest conferences of the year after a Bitcoin-led rally revived a market that had been struggling for momentum.
CFTC Proposes Registering Crypto Exchanges Offering LeverageThe Commodity Futures Trading Commission unveiled a proposal Monday to regulate digital asset transactions and markets, drawing on the agency’s existing authority after crypto market structure legislation was blocked last month.
Strategy Returns to Profitability on $21 Billion 3Q GainStrategy Inc. returned to profitability for the first time in four quarters after registering an unrealized gain from an increase in the value of its Bitcoin holdings during the late summer’s rally in the cryptocurrency.