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In brief The Federal Reserve is seeking public comment on a new, limited “payment account” for crypto and innovation-focused banks. The accounts would allow access to Fed payment rails, but not interest, credit, or full master-account privileges. The plan is spearheaded by Fed Governor Christopher Waller, a top candidate to replace outgoing Fed chair Jerome Powell. The Federal Reserve is moving forward with an initiative to offer a more attainable version of its coveted master accounts for crypto banks—and is now asking for public comment on the plan.In October, Fed Governor Christopher J. Waller first floated the idea of a…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto pundit Finance Bull has advised XRP investors against selling their holdings now despite the market downturn. This came as the pundit explained that the CLARITY Act could pass next year, which he predicts will positively impact the altcoin’s adoption.  Why XRP Investors Should Think Again About Selling Their Coins In an X post, Finance Bull told XRP investors to think again if they are considering selling their coins right now. He reminded them that Ripple CEO Brad Garlinghouse confirmed that the CLARITY Act is expected in…

A fresh $4 billion lawsuit tied to Terraform Labs’ collapse is becoming a test of what a stablecoin’s $1 promise means amid the adoption of dollar tokens as payment rails.The case is about more than who pays for a 2022-era failure. It also decides whether a “stable” price can be maintained by arrangements that everyday users never see.That debate is unfolding as regulators rewrite rules to treat stablecoins as money-like instruments for settlement, remittances, and merchant payouts.A court-appointed plan administrator overseeing Terraform’s wind-down sued Jump, seeking $4 billion. The administrator alleges the firm supported TerraUSD’s peg through trading and undisclosed…

In brief Hyperliquid helped popularize perpetual futures, easily accessible leverage, and decentralized exchanges specializing in the investment strategy. Traders are now flocking to decentralized exchanges, thanks to what experts call “regulatory arbitrage” allowing more users to gain access to risky investment tools. It’s become the latest venue for crypto traders who dream of striking it rich quick, gambling on eye-watering gains—or soul-crushing losses. Jeff Yan had just watched Sam Bankman-Fried’s crypto empire collapse in a matter of days in 2022. And it was then, amid the chaos of the collapsing FTX and the contagion it caused, that Yan decided to…

Bitwise chief investment officer Matt Hougan says Bitcoin (BTC) is likely to break from its historical four-year cycle as institutional adoption and regulatory progress reshape the market. On the Bankless YouTube channel, Hougan argues that the forces traditionally used to explain Bitcoin’s cyclical behavior have weakened, while new structural drivers now play a larger role. Hougan says the Bitcoin halving has become less influential with each iteration, removing a smaller amount of supply and no longer acting as a dominant catalyst for price movements. Hougan adds that past industry blow-ups, including Mt. Gox, the ICO collapse and FTX, contributed to previous…

In brief Police seized more than 9,000 counterfeit Korean won bills linked to in-person crypto trades. Three men were arrested last year and two have been indicted. Similar counterfeit-cash crypto scams have also occurred in Hong Kong. Police in South Chungcheong province are investigating a criminal group accused of manufacturing counterfeit Korean won bills and using them to defraud cryptocurrency traders during in-person transactions.According to Chosun Ilbo, the group was found in possession of 9,188 fake 50,000-won notes, with a value of about 459.4 million won ($330,000), last year. Investigators said the suspects printed the bills using a color printer…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Large on-chain movements involving Bitcoin whales have a way of putting the market on edge, especially when they involve transfers to centralized exchanges. A new transaction involving 5,152 BTC moving into Binance has now raised questions around potential sell pressure at a time when Bitcoin’s price action is fragile, highly reactive, and struggling to get a hold of bullish momentum. Bitcoin Whale Moves 5,152 BTC Worth $445 Million To Binance On-chain data identified by whale transaction tracker Lookonchain has revealed that a long-term Bitcoin holder deposited 5,152 BTC,…

US spot crypto ETFs have attracted more than $70 billion in net inflows since January 2024, making traditional financial investment vehicles the primary entry point for new money into the emerging industry.That surge, driven by products linked to Bitcoin, Ethereum, and more recently Solana and XRP, has validated the industry’s view that many investors will buy crypto only through regulated structures they already use for stocks and bonds.Notably, Schwab Asset Management recently found that 45% of ETF investors plan to purchase crypto ETFs, a figure that now ties with interest in bond ETFs.Schwabs ETF Survey (Source: Eric Balchunas)However, with the…