AI-powered summaries of the day's top crypto events
Ripple has received approval from the UK's Financial Conduct Authority (FCA), allowing the company to expand its crypto payments platform within the country. This regulatory milestone marks a significant step for Ripple as the UK moves to integrate cryptocurrencies into its financial framework.
Stablecoin payments firm Rain has raised $250 million in a Series C funding round, bringing its valuation to $1.95 billion. The company, which has experienced significant growth in card transactions, plans to use the funds for global expansion.
US-listed spot Bitcoin ETFs have seen significant redemptions totaling over $1 billion in the past three days. This marks a reversal from the strong inflows at the start of the year, indicating a shift in investor sentiment.
BNY Mellon has introduced tokenized deposits for institutional investors, utilizing a private blockchain to enhance settlement speed and liquidity. This move reflects the growing trend of traditional financial institutions adopting blockchain technology.
Stablecoin issuer Tether has reportedly invested up to $50 million in crypto lender Ledn, valuing the company at approximately $500 million. This investment highlights Tether's strategic interest in expanding its influence within the crypto lending space.