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Quick Take Lawmakers and crypto industry leaders have argued that digital asset firms face unique challenges when establishing and maintaining accounts in the U.S. The FDIC’s move comes after the U.S. Office of the Comptroller of the Currency said it had ended examining national banks and other financial institutions for reputation risk last week.
Quick Take Custodia and Vantage Bank have partnered on a new tokenization project that uses customer deposits to issue Avit stablecoins. The move represents the first-ever “bank-issued stablecoin” issued on a permissionless blockchain, namely Ethereum.
Quick Take OG blockchain developer and Yearn Finance founder Andre Cronje teased an algorithmic stablecoin product, much to the chagrin of some users. The possibility spurred call backs to Do Kwon’s defunct Terra ecosystem and its algo stablecoin UST.
Quick Take BlackRock and Securitize expanded the on-chain liquidity market BUIDL to Solana. BUIDL, which launched in March 2024 and is the largest fund within the tokenized money market fund sector, recently crossed $1.7 billion in AUM.
Quick Take Nikita Bier, founder of a popular social media app acquired by Meta, has joined Solana as an advisor to help as the blockchain seeks to grow its mobile app ecosystem. Bier, also a product growth partner at Lightspeed Ventures, said in a social media post, “Solana has the fundamental building blocks for something to break out on mobile and certainly many apps are making headway.”
Quick Take Ripple Chief Legal Officer Stuart Alderoty posted on Wednesday on X his potential “last update” on the case. Alderoty noted that this would all be subject to a commission vote, final documents and standard court processes
Quick Take The Senate hearing for the crypto-friendly SEC chairman nominee is scheduled for Thursday, March 27. According to an ethics filing obtained by Fortune, Atkins held a board seat and owned up to $500,000 in call options in Securitize.
BlackRock is expanding its footprint in the crypto industry as it launched a Bitcoin ETP in the EU following proof of high demand in the region.
Chainlink (LINK) is gaining attention in the crypto space, with analysts highlighting a potential 200% rally supported by a bullish flag pattern.
- 00:22There is a 97.4% probability that the Federal Reserve will keep interest rates unchanged in JulyBlockBeats News, July 28—According to CME "FedWatch," there is a 97.4% probability that the Federal Reserve will keep interest rates unchanged in July, and a 2.6% probability of a 25 basis point rate cut.
- 00:22Blue-chip NFTs See Broad Gains, Moonbirds Up Over 50% in 7 DaysBlockBeats News, July 28 — According to Blur data, blue-chip NFTs have generally risen, with the following details: Moonbirds saw a 7-day increase of 50.92%, with the floor price currently at 2.74 ETH; Milady recorded a 7-day increase of 24.89%, with the floor price currently at 3.24 ETH; LilPudgys posted a 7-day increase of 20.45%, with the floor price currently at 1.86 ETH; PudgyPenguins had a 7-day increase of 12.22%, with the floor price currently at 16.38 ETH; BAYC saw a 7-day increase of 8.14%, with the floor price currently at 12.59 ETH.
- 00:21Base Protocol Lead: Equating Assets on pump.fun with Those on Zora Is a Logical Fallacy, Fundamentals MatterBlockBeats News, July 28 — Jesse Pollak, head of the Base protocol, posted on X stating, "Assuming that assets issued on pump.fun and Zora are equivalent is a logical fallacy in itself. Not all tokens are the same; fundamentals matter."