Author: CryptoDigestAlert.com

Figure stock price surged by over 44% after its initial public offering, pushing its market capitalization to over $7.8 billion. Summary Figure Technology stock price jumped after its IPO. The company’s market cap jumped to $7.8 billion.  Recent IPOed companies like Klarna, Circle, and Bullish have erased initial gains. Figure stock jumps after IPO Figure Technologies shares were trading at $32 at press time, down from the intraday high of $36. This followed the company raising $787 million in the closely watched FIGR IPO. Figure’s IPO is another major win for the cryptocurrency industry. It joins companies such as Circle…

TLDR: UBS will manage tokenized products on DigiFT’s exchange using Chainlink’s Digital Transfer Agent smart contracts. The system automates issuance, redemption, and transfers, reducing errors and operational costs for fund managers. DigiFT’s dual licenses in Singapore and Hong Kong support regulated distribution of tokenized products across Asia. Chainlink’s framework is blockchain-agnostic, enabling tokenized funds to operate across multiple networks. Big names in crypto and finance are joining forces to change how tokenized funds work in Hong Kong. Chainlink, UBS, and DigiFT are collaborating on a project to automate fund lifecycles through blockchain technology.  The initiative is part of the city’s…

TLDR Coinbase has filed a legal motion against the SEC over the deletion of former Chair Gary Gensler’s text messages. The company claims the SEC failed to provide comprehensive communications about Ethereum and digital asset matters. Coinbase accuses the SEC of delaying searches and using narrow search terms, hindering a full review of key information. The SEC’s Office of Inspector General confirmed that Gensler’s text messages were permanently erased between October 2022 and September 2023. Coinbase is pushing for the court to impose sanctions on the SEC for failing to meet record-keeping requirements. Coinbase has filed a legal motion against…

The controversial political activist was gunned down by an unknown assailant during the first stop of his “American Comeback Tour.” The Kirk-Ulbricht Connection: A Quiet Push for a Presidential Pardon Few know this, but Charlie Kirk was a Bitcoiner. An even smaller cohort knows about Kirk’s behind-the-scenes campaign to convince U.S. President Donald Trump to […] Source link

The party might be over for DePIN pioneers Helium (HNT) and Filecoin (FIL) as fear creeps back into the market. Both tokens are now slumped against critical, long-standing support levels, and a break lower could get ugly fast. The whole narrative around building real-world crypto infrastructure, once seen as the next sure thing, is being tested. A nasty mix of a shaky global economy and problems unique to each project is squeezing their valuations. DePIN’s promise to use crypto incentives for everything from cell service to cloud storage pulled in a mountain of cash and attention over the last year.…

TLDR: GENIUS Act rules will not be effective until November 2026, leaving current law as the main compliance standard. Stablecoins over $10B supply will be required to follow federal compliance, not state-chartered pathways. State regulation offers limited benefits for USDH if its supply exceeds $10B, pushing issuers toward federal rules. Evaluating USDH proposals now is about the team’s readiness to meet GENIUS standards when they are finalized. The debate around USDH is pulling in regulators, crypto lawyers, and investors. At the center is the GENIUS Act, a law still months away from becoming active. Its rulemaking period runs through July…

The US Federal Reserve prepares to announce its latest decision on interest rates. This highly anticipated event has the potential to act as a powerful catalyst for the Bitcoin market, with many analysts and investors speculating that a rate cut could trigger a significant breakout. How A Rate Cut Could Unleash The Next Bitcoin Bull Run The global financial community is entering a crucial week. According to a post on X by crypto commentator Thomas Lauder, in 7 days, the US Federal Reserve will decide whether to cut dollar interest rates, a move that could have far-reaching effects on both…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A growing number of experts warn that food fraud is quietly draining up to $50 billion from the global food industry each year. It can also put consumers at risk of serious illness. According to industry insiders, blockchain technology could help stop counterfeit and adulterated products. Yet rolling out such systems across complex supply chains will demand big investments and careful planning. Food Fraud Hits Hard Food fraud means tricking buyers about what’s in their food. It can be as simple as mixing cheap oils into olive…

TLDR: Alabama Senator Keith Kelley says the GENIUS Act rewards loophole could reduce deposits in small rural banks. Crypto platforms offer high rewards without FDIC coverage, pulling funds away from community lending networks. Lower deposits could cut credit access for farms, small businesses, and rural economies dependent on local banks. Lawmaker urges Congress to close loophole before more small banks lose deposits to unregulated crypto platforms. Rural banks could be facing a threat few people are talking about. Alabama Senator Keith Kelley has sounded the alarm over a loophole in the federal GENIUS Act that he says could pull money…

Swiss legislators opposed the government’s anti-money laundering law in an attempt to maintain the country’s competitiveness. The lawmakers said the initiative aims to make the country more competitive in global cross-border wealth management, where countries like Singapore and the UAE are gaining ground. Boston Consulting Group forecasted that Switzerland could lose its crown as the world’s largest wealth management hub as early as this year. The country intensified its focus on competitiveness after the Trump administration imposed 39% tariffs. The country’s government said lawmakers began finding ways to strengthen the nation’s economy after the heightened U.S. trade policies. Swiss AML…