Author: Kryptonews

In brief YouTube enabled U.S. creators to receive earnings in PYUSD, according to a Fortune exclusive. Big Tech only adopts new payment rails when they’re “operationally mature and low-friction,” an expert told Decrypt. The update follows Trump’s signing of the GENIUS Act, giving stablecoins a federal framework and accelerating institutional adoption. U.S. creators are being allowed to receive their YouTube content earnings in the form of PayPal’s PYUSD stablecoin through a new payout option.May Zabaneh, head of crypto at PayPal, confirmed the arrangement is now live for American users, according to a Fortune exclusive. The feature became available after PayPal added…

The Commodity Futures Trading Commission has issued “no-action” letters to a group of prediction markets, exempting them from requirements related to swap data reporting and record-keeping regulations.The CFTC’s Division of Market Oversight and the Division of Clearing and Risk won’t initiate enforcement action against several prediction market platforms for shirking certain recordkeeping demands, provided they follow other specific requirements, the agencies said in a statement on Thursday.“The no-action letters apply only in narrow circumstances and are comparable to no-action letters issued for other similarly situated designated contract markets and derivatives clearing organizations,” they added.The companies that received a no-action letter…

The Rijksmuseum, the national museum of the Netherlands in Amsterdam, announced today that it will partner with the municipality of Eindhoven to build a satellite branch in Eindhoven. The branch will show works from the Rijksmuseum’s collection. With a collection of over one million objects, the Rijksmuseum is famous for its holdings of Dutch art from 1200 to now, including works by Rembrandt van Rijn, Johannes Vermeer, Judith Leyster, Frans Hals, Rachel Ruysch, Vincent van Gogh, Karel Appel, and others. In pride of place are such masterpieces of Dutch Golden Age art as Vermeer’s The Milkmaid (c. 1660), Rembrandt’s The Night…

The US Congress is closer than ever to defining federal rules for digital assets, yet the question of whether stablecoins can provide yield has slowed the process more than agency turf battles or token classification.Notably, the House has already advanced the Digital Asset Market Clarity Act, outlining a path for certain tokens to move from securities regulation to CFTC oversight.At the same time, the US Senate is shaping a parallel package that divides responsibilities between the Agriculture and Banking Committees.However, despite substantial areas of agreement, negotiators say the issue of stablecoin yield remains the sticking point.This debate concerns whether payment…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum has retraced below the $3,200 level following the Federal Reserve’s decision to cut interest rates by 25 basis points, a move that initially boosted risk assets but quickly shifted market sentiment into uncertainty. While the broader macro backdrop now leans toward looser monetary conditions, Ethereum’s reaction suggests that traders remain cautious, especially after the sharp rally from the $2,800 region earlier this month. According to fresh data from CryptoQuant, Binance’s Ethereum Estimated Leverage Ratio has climbed to an all-time high of nearly 0.579. This signals that…

NEW YORK — Terraform Labs co-founder Do Kwon was sentenced to 15 years in prison on Wednesday for his role in a massive fraud that saw roughly $50 billion wiped from the crypto ecosystem over the course of just three days in May 2022.The sentence, handed down by District Judge Paul Engelmeyer of the Southern District of New York (SDNY), is slightly more than the 12-year sentence requested by prosecutors and much greater than the five-year sentence suggested by Kwon’s lawyers. Kwon must serve at least half of this sentence before he can apply for a transfer to South Korea,…

Hex Trust announced it will issue and custody wrapped XRP (wXRP), a 1:1-backed representation of native XRP designed to expand XRP’s DeFi and cross-chain utility beyond the XRP Ledger. The wrapped asset will be tradable alongside RLUSD on Ethereum and additional supported chains, including Solana, Optimism, and HyperEVM.wXRP will launch with more than $100 million in total value locked, providing immediate liquidity and reducing early-stage friction. Authorized merchants will be able to mint and redeem wXRP in a regulated, automated environment, with all underlying XRP held in segregated institutional custody. That structure allows XRP exposure across DeFi applications such as…

Key NotesAnchorage Digital will issue USDGO under federal supervision, establishing a regulated framework for stablecoin operations.The partnership enables 1:1 backing with liquid assets and US Treasuries through compliant custody systems.USDGO targets cross-border business settlements with faster transactions and programmable payment infrastructure. Anchorage Digital, the first and only federally chartered crypto bank in the United States, will serve as the US regulated issuer for USDGO, the OSL-branded US dollar-backed stablecoin. The partnership brings together two major institutional players as the industry moves toward compliant global payment infrastructure and greater regulatory certainty for dollar-backed digital assets. OSL Group, Asia’s leading stablecoin trading…

Crypto markets saw a slight pickup after the US Federal Reserve’s widely expected rate cut on Wednesday, and a larger bounce could be next, say analysts. The central bank has executed three consecutive interest rate cuts totaling 0.75% over a three-month period from September to December. Despite being fundamentally bullish for crypto in the long term, each cut triggered short-term sell-offs, following a classic “buy the rumor, sell the news” pattern, the onchain analytics firm Santiment said on Thursday. However, there is “typically a bounce after the dust settles,” it added, which can provide predictable trading opportunities. “Thus far, this latest rate cut has…

Gemini Space Station announced on Wednesday that its affiliate Gemini Titan secured approval from the US Commodity Futures Trading Commission (CFTC) to operate a Designated Contract Market (DCM). The decision opens the door for the exchange to begin offering regulated prediction markets in the United States. Gemini Titan Debuts in Prediction Markets The launch marks Gemini’s first entry into the fast-growing event-contracts sector, where traders buy and sell binary “yes or no” positions tied to future outcomes. Gemini, which first filed for a DCM license in March 2020, had not previously disclosed that the application would form the basis of…