US Treasury Secretary Scott Bessent Emerges as Frontrunner for Donald Trump’s Artificial Intelligence Czar Amid Plans for an "AI Force"
The political landscape of artificial intelligence (AI) policy is rapidly evolving, with former President Donald Trump reportedly considering US Treasury Secretary Scott Bessent as his next AI czar. This development…
US Commodities Regulator Sounds Alarm on ‘Mention Markets,’ Citing Heightened Manipulation Risks and Putting Exchanges on Notice
The United States commodities regulator has issued a stern warning regarding prediction market contracts tied to an individual’s speech or actions, asserting that such instruments carry a significantly elevated risk…
21Shares Pioneers European Regulated Access to Zcash and Ether.fi Through New Physically-Backed Exchange-Traded Products on Euronext
European digital asset manager 21Shares has significantly expanded the accessibility of innovative cryptocurrencies within regulated financial markets by launching the region’s first exchange-traded product (ETP) specifically tied to Zcash (ZEC),…
Binance Fortifies Stablecoin Strategy with $100 Million Investment in Circle, Cementing USDC Partnership
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced a significant $100 million investment in Circle, the issuer of the USDC stablecoin, as part of an expanded and…
Australia’s 40-Year Economic Outlook Recognizes AI as a Major Driver, Yet Omits Digital Assets, Sparking Industry Debate
Australia’s latest Intergenerational Report, a comprehensive 40-year economic outlook published by the Australian Treasury on Monday, August 21, 2023, has identified artificial intelligence (AI) as one of five profound transitions…
Saudi Arabia Exits China-Backed mBridge Digital Currency Project After Completing Proof-of-Concept Phase
Saudi Arabia has officially withdrawn from mBridge, the multi-central bank digital currency (mCBDC) project spearheaded by the Bank for International Settlements (BIS) Innovation Hub and several central banks, including China’s.…
Ondo Finance Revolutionizes Tokenized Assets with Direct In-Kind Stock and ETF Conversions
Ondo Finance, a prominent player in the tokenization of real-world assets (RWA), has unveiled a groundbreaking mechanism allowing eligible institutional clients to directly convert traditional stocks and exchange-traded funds (ETFs)…
ECB Launches Pontes: A Central Bank Money Settlement System for Wholesale Tokenized Assets
The European Central Bank (ECB) has officially inaugurated Pontes, an innovative system designed to facilitate the settlement of wholesale tokenized asset transactions using central bank money. This landmark initiative offers…
Bitcoin Surpasses 50-Week Moving Average, Sparking Hopes for Bear Market Conclusion
Bitcoin has marked a significant milestone, closing above its 50-week moving average for the first time in over ten months, a development that a number of prominent market analysts suggest…
US Senate Fails to Advance CLARITY Act, Regulators Step In with Piecemeal Crypto Rules Amidst Market Volatility and Rising Cyber Threats
After more than a year of intense lobbying, stakeholder consultations, and bipartisan negotiations, the United States Senate delivered a significant setback to the cryptocurrency industry this week by failing to…
















