Bank of America taps new leaders to bridge crypto, AI and traditional finance
Sonali Theisen was named head of BofA's global digital assets platform, while Kevin Milsom was tapped to serve as head of AI transformation
Visa launching internal stablecoin platform for clients that provides access to OUSD: report
Open Standard's stablecoin is expected to become a major competitor to Circle's USDC, the dominant stablecoin in the US
BlackRock outlines vision for crypto-TradFi convergence as product pipeline grows
The firm seeks to offer tokenized long-term investments like "Treasury funds, iShares ETFs, and even private markets."
Wall Street turns cautious on Circle as analysts warn USDC economics face mounting pressure
Mizuho downgraded the stock and JPMorgan lowered earnings estimates, citing concerns that USDC is coming under pressure.
Galaxy blends Aave, Morpho and other DeFi rates in new GOFR crypto borrowing product
Galaxy will act as the sole intermediary between the accredited borrowers and the blockchain-based lending protocols.
JPMorgan says bitcoin's main risk isn't Strategy, but blockchain adoption that doesn't benefit public chains and tokens
JPMorgan says Strategy isn't bitcoin's main structural risk, but blockchain adoption that fails to benefit public blockchains and tokens.
Ondo tokenizes BlackRock's IVV ETF and Micron stock under US custodial model
Ondo Finance launches tokenized BlackRock IVV ETF and Micron shares under SEC-defined custodial model with Ethereum-based settlement.
Visa, Stripe, Coinbase and more join Open USD stablecoin that shares reserve revenue
Expected to launch later this year, Open Standard said businesses will be able to mint and redeem Open USD without fees or volume limits.
Charles Schwab is working with Cboe to launch S&P 500 'yes-or-no' binary options contracts: WSJ
The binary contracts would mark the brokerage's first move into prediction-market-style products, a sector that Kalshi and Polymarket already dominate.
TD Cowen says CME has the upper hand in lawsuit against CFTC over crypto perpetual futures
“We expect CME will seek a preliminary injunction to block perps as the case proceeds,” said TD Cowen’s Jaret Seiberg.