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Bank of America CEO warns interest-bearing stablecoins could pull $6T from US banks

In an earnings call transcript shared on X, BofA CEO Brian Moynihan pointed to studies suggesting yield-bearing stablecoins could draw trillions from the banking system....

1dCoinTelegrapheconomics

Bank of America CEO: Interest-Bearing Stablecoins Could Take $6T Out of Bank Deposits

The statement comes amid controversy surrounding allowing yield-bearing stablecoins in the Senate Banking Committee’s upcoming crypto bill....

1dDecrypteconomicsImpact

Belarus creates legal framework for ‘cryptobanks’ in new presidential decree

The rules allow banks to combine token activity with payments and financial services under central bank and tech park oversight....

9hCoinTelegraphPoliticsImpact

Germany’s DZ Bank secures MiCA license for ‘meinKrypto’ platform

Retail crypto access will initially cover Bitcoin, Ether, Litecoin and Cardano through participating cooperative banks....

2dCoinTelegrapheconomicsImpact

Stablecoin yields create ‘dangerous’ parallel bank system: JPMorgan exec

JPMorgan chief financial officer Jeremy Barnum told investors in an earnings call that stablecoin yields are a “dangerous and undesirable thing.”...

2dCoinTelegraphcryptocurrencyImpact

Crypto-friendly Old Glory Bank plans Nasdaq listing through SPAC

The “digital-first“ bank created in 2022 is set to go public on the Nasdaq, subject to shareholder and regulatory approvals....

2dCoinTelegrapheconomicsImpact

Spain’s Bankinter joins $35M Bit2Me round amid growing bank crypto alliances

Bankinter joins Tether and BBVA in the $35 million investment round after the Spanish crypto exchange received its MiCA license in 2025....

2dCoinTelegraphcryptocurrencyImpact

KBC Bank to launch Bitcoin and Ether trading in Belgium under MiCA

Belgian bank KBC will launch bitcoin and ether trading for retail investors via its Bolero platform as Belgium’s MiCA regime comes into force....

11hCoinTelegrapheconomicsImpact

World central banks rally behind Powell, stress Fed independence

Crypto experts say political pressure on the US Federal Reserve could drive volatility but also shift flows toward Bitcoin and gold in the long run....

3dCoinTelegrapheconomicsImpact

Sui back online after 6-hour outage that halted transactions

Despite a fix from Sui core developers, the Sui Foundation has not provided details on what triggered the network outage....

1dCoinTelegraphTechnologyImpact

Visa taps BVNK to power stablecoin payouts on Visa Direct

Visa has chosen BVNK to power Visa Direct pilots using stablecoins, enabling pre-funded cross-border payouts to wallets in select markets....

2dCoinTelegrapheconomicsImpact

Visa Partners With BVNK to Enable Stablecoin Payouts on Visa Direct

The integration will enable businesses to fund and receive Visa Direct payouts using stablecoins in select markets....

2dDecryptTechnologyImpact

Sui Back Online After 'Network Stall' Leads to Six Hours of Downtime

The Sui blockchain recovered from a nearly six-hour outage Wednesday, marking the network's second major downtime since its 2023 launch....

1dDecryptTechnologyImpact

Why US community banks say the GENIUS Act has a stablecoin loophole

Banks argue that stablecoin rewards offered through exchanges exploit a GENIUS Act loophole, blurring the line between payment tokens and savings accounts....

2dCoinTelegrapheconomicsImpact

Kaito winds down crypto-backed ‘Yaps’ as X bans payments for ‘AI slop’

The Kaito.ai and Cookie DAO tokens fell over 15% after X’s ban, a move X’s head of product Nikita Bier said should improve user experience on the social media platform....

19hCoinTelegraphTechnologyImpact

Elon Musk's X Bans Access to ‘InfoFi’ Crypto Projects Amid ‘AI Slop’ Backlash

X is making major changes to its API to prevent access by "InfoFi" crypto projects that seek to incentivize "reply spam," an exec said....

1dDecryptTechnologyImpact

ETH’s back at $3.2K: Will traders flip the level from resistance to support?

Ethereum remains the leader in total value locked, but declining usage and economic uncertainty in the United States may hinder a rally to $4,000....

2dCoinTelegraphcryptocurrencyImpact

Crypto exchanges face ban in South Korea as Google Play updates rules

Google will require proof of FIU registration acceptance for crypto apps, raising compliance hurdles for offshore exchanges serving South Korean users....

10hCoinTelegraphcryptocurrencyImpact

EU Crypto Exchange Bitpanda Eyes $5B IPO in 2026: Report

Bitpanda has reportedly tapped Goldman Sachs, Citigroup, and Deutsche Bank to work on the offering, planned for Frankfurt’s stock exchange....

2dDecryptcryptocurrency

Polymarket’s eye-watering brush with the 1958 Onion Futures Act

Peeling back the layers of the ambiguously-regulated US prediction market...

2dFinancial TimeseconomicsImpact
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