FDIC to update crypto banking guidelines, releases documents on pause letters

The Federal Deposit Insurance Corporation (FDIC) is preparing to revise its guidelines for banks engaging in crypto-related activities, Barrons reported on Feb. 5. The changes would allow banks to participate in certain crypto-related activities without requiring prior regulatory approval. Some banks have reportedly engaged with government officials to advocate for offering crypto custody services and … Read more

US Dollar continues soft as markets asses fresh US data

DXY remains under pressure, testing 107.35 support despite upbeat ADP and S&P Global PMI data. ISM Services PMI disappoints, signaling weaker than expected service sector growth and moderating price pressures. US 10-year yield rebounds, hovering around 4.40% after touching a yearly low. The US Dollar Index (DXY), which measures the USD against a basket of … Read more

Bitcoin’s Hashrate Holds Steady Near Record Highs as Network Prepares for Difficulty Adjustment

Bitcoin’s computational prowess currently hums at 825.85 exahash per second (EH/s), a gentle dip from its zenith of 844 EH/s recorded on Feb. 4, 2025. The network’s transaction queue, known as the mempool, continues to reflect minimal activity, while newly minted blocks materialize slightly quicker than the protocol’s 10-minute target. Foundry Leads Mining Race: Four … Read more

Olas receives $13.8 million in funding, for its app store ‘Pearl’

Olas, the 2021 founded Crypto*AI project and a pioneer in creating AI agents enabling automation in the crypto world, made a significant announcement on Tuesday. After receiving $13.5 million in funding organised by 1kxnetwork, it made the World’s first AI agent app store, Pearl, live as a desktop application.The funding received was followed up by … Read more

Microstrategy Rebrands as Strategy, Emphasizing Bitcoin-Centric Approach

Microstrategy has unveiled a rebranding effort, adopting the name Strategy to emphasize its commitment to bitcoin and artificial intelligence (AI). Microstrategy Renames Itself Strategy The Tysons Corner, Virginia-headquartered firm, recognized for its business analytics tools and substantial bitcoin reserves, introduced its updated identity, logo, and branding Tuesday. The refreshed logo displays a modernized “B” symbolizing … Read more

Stablecoin Transactions Hit $15.6T in 2024, 119% of Visa’s Total Txns

The transaction volume of stablecoins reached $15.6 trillion in 2024, surpassing Visa’s, according to recent data from ARK Invest. Notably, the transaction volume of stablecoins was approximately 119% that of Visa. A bar chart comparing stablecoins with major payment processors from 2019 to 2024 highlights the rapid rise of digital assets. Initially, stablecoins had minimal … Read more