Author: CryptoHoppers
Capital A & Standard Chartered Explore Malaysia’s First Ringgit-Backed Stablecoin
TLDR: Capital A and Standard Chartered Malaysia will explore a Ringgit-backed stablecoin through BNM’s regulated sandbox. The MYR stablecoin aims to support wholesale digital-asset use cases across Capital A’s multi-industry ecosystem. Standard Chartered Malaysia is positioned as the issuer, offering institutional-grade controls and compliance frameworks. The partnership supports Malaysia’s plan to advance responsible digital-asset innovation and improve financial efficiency. Capital A and Standard Chartered Malaysia have initiated a new collaboration aimed at developing Malaysia’s first Ringgit-backed stablecoin. The partnership is framed under a Letter of Intent signed within Bank Negara Malaysia’s Digital Asset Innovation Hub, creating a regulated space to…
Key NotesChain infrastructure celebrates scalability breakthrough while ecosystem security breach undermines investor confidence simultaneously.Malicious contract targets wallet approvals forcing platform to restrict user access pending resolution of frontend vulnerability.Technical indicators show neutral momentum with bulls needing sustained close above $892 to invalidate bearish pressure. BNB BNB $896.8 24h volatility: 2.6% Market cap: $123.54 B Vol. 24h: $969.97 M price remained stuck below $890 on Dec. 12, posting a narrow 0.12% intraday move as competing market catalysts kept sentiment conflicted. The day had begun on a positive note, with BNB Chain announcing its highest-ever throughput performance. 🔓 New TPS record unlocked:…
Tether has made a formal cash offer to purchase Exor’s controlling stake in Juventus Football Club Summary Tether offered to acquire Exor’s 65.4% stake in Juventus using only its own capital. The stablecoin issuer plans a public tender for remaining shares at the same price. Tether pledged €1B to support Juventus growth and long-term sporting development. The bid targets Exor’s 65.4% ownership in the Italian club, with plans for a subsequent public offer to acquire all remaining shares at identical pricing. The acquisition would be financed entirely from Tether’s balance sheet without external funding. CEO Paolo Ardoino called the move…
TLDR: Two de novo national trust banks, including Ripple, receive conditional federal approval. Three state trust companies convert to national trust banks under OCC supervision. New entrants increase access to credit, services, and financial products for consumers. Federal oversight ensures consistency, governance, and risk management across all banks. The Office of the Comptroller of the Currency has granted conditional approval to five national trust bank applications, signaling growth within the federal banking system. These institutions, once fully approved, will join approximately 60 other national trust banks already supervised by the OCC. Each application underwent a detailed evaluation to ensure compliance…
TLDR: Tether offers €1 billion to acquire Juventus’ remaining shares from the Agnelli family. The Agnelli family holds 65.4% and currently has no plans to sell Juventus. Juventus shares have dropped nearly 30% in the past year amid market pressures. Tether seeks full ownership after holding a 10.7% stake since earlier this year. Tether has made a bold move by submitting a binding all-cash proposal to acquire the remaining stake in Juventus Football Club. The crypto firm, which already holds a 10.7% stake, is seeking full ownership of the Turin-based Serie A team. Sources indicate the Agnelli family, holding the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure SpaceX moved 1,021 Bitcoin worth about $94.48 million on December 10, according to on-chain alerts from blockchain trackers. The transfer was sent to wallets tied to Coinbase Prime, raising questions about whether the company is reshaping part of its treasury while attention grows around its potential public listing. Ledger Shuffle Raises Questions Reports have disclosed that this move is only the latest in a series of large bitcoin transfers involving wallets believed to be linked to SpaceX. Analysts tracking the transactions say the pattern looks more like…
Terraform Labs Founder Do Kwon Sentenced to 15 Years for Orchestrating $40 Billion Crypto Fraud
TLDR: Do Kwon misled investors about TerraUSD and LUNA, causing $40B in losses. Terraform’s Luna Foundation Guard was controlled secretly by Kwon, not independent. Mirror Protocol and Chai blockchain claims were falsified to attract investments. Kwon arrested in Montenegro in 2023 and extradited after using a fake passport. Federal prosecutors confirmed that Terraform Labs founder Do Hyeong Kwon has been sentenced to 15 years in prison for orchestrating a multibillion-dollar fraud that misled global investors. The ruling followed years of investigations into the collapse of TerraUSD and LUNA, which once formed one of the most widely discussed algorithmic stablecoin ecosystems. …
Gemini Secures CFTC Approval to Launch Regulated Prediction Markets in the United States
TLDR: Gemini Titan receives a CFTC Designated Contract Market license after a five-year approval process. The license enables U.S. customers to trade yes-or-no event contracts on Gemini’s web platform. Leadership credits federal support and Acting Chairman Pham for advancing a pro-innovation environment. Gemini plans to explore futures, options, and perpetual contracts as part of a broader derivatives expansion. Gemini receives US License for prediction markets, marking a regulatory shift that allows the firm to operate a fully approved Designated Contract Market in the United States. Gemini Space Station, Inc. announced that its affiliate, Gemini Titan, LLC, secured the license from…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. HOLY Mining launches a smart, beginner-friendly cloud mining platform, making crypto mining easier and profitable. Summary HOLY Mining launches next-gen cloud mining, letting anyone earn crypto easily without hardware or technical skills. Beginner-friendly HOLY Mining offers automated cloud mining on phones, turning crypto earning into a simple, stable process. The smart cloud platform makes crypto mining accessible, optimized, and secure for all types of users. As digital assets continue to reshape global finance, cloud mining has rapidly emerged as…
OCC Targets “Weaponized Finance” in Preliminary Review of Major Banks’ Debanking Practices
TLDR: OCC found large banks applied restrictive policies that limited access for several lawful but sensitive industries. The agency reported internal rules requiring escalated reviews before certain customers could obtain services. Comptroller Gould said the OCC aims to stop actions that could “weaponize finance” across the banking system. Thousands of complaints on political and religious debanking remain under review for future public reporting. OCC Releases Preliminary Findings as the agency intensifies its examination of what it calls “weaponized finance” across the country’s largest national banks. The Office of the Comptroller of the Currency released an early report detailing how nine…