Charles Schwab-Backed EDX Markets Applies for National Trust Bank Charter With OCCย  โ€“ Crypto News Bitcoin News

EDX Markets Holding Company Files OCC Charter Application for Crypto Trust Bank The application was made public on Wednesday, April 1, and first reported on by Bloomberg. It requests full fiduciary powers under 12 U.S.C. ยง 92a and authorization to provide digital asset custody, asset management, and settlement services exclusively for institutional clients. The proposed main office is located at 200 W. Madison, Suite 1450, Chicago, IL 60606. EDX Markets launched in June 2023 as an institutional-only cryptocurrency exchange. Its founding backers include Citadel Securities, Fidelity Digital Assets, Charles Schwab,…

Crypto Quantum Scare Is Real Says Top Trading Firm, But Here’s Where The Real Risk Is

QCP Group released an article today weighining in the quantum risk for crypto, following the Google whitepaperย from March 30 showing Bitcoinโ€‘style ellipticโ€‘curve cryptography can be broken with far fewer quantum resources than previously assumed. Related Reading A Bigger Threat Beyond Crypto The crypto-quantum panic continues raging on, with multiple important voices from crypto and technology, such as former Binance CEO Changpeng Zhao (CZ), responding to the report in different ways. QCPโ€™s article, written by Rachel Lee, establishes the firmโ€™s opinion in a simple sentence: the quantum threat is more of…

Crypto Exchange Bithumb to Delay IPO until after 2028: Report

According to the company CFO, Bithumb was โ€œstrengthen[ing] accounting policies and internal controlsโ€ ahead of its IPO plans, already delayed from 2025. South Korea-based cryptocurrency exchange Bithumb is reportedly expecting its initial public offering (IPO) sometime after 2028, in another delay after restructuring and regulatory hurdles. According to a Tuesday report from Maeil Business News Korea, a Bithumb official said that it would โ€œfocus on preparing for the listing until 2027.โ€ CFO Jeong Sang-gyun said at the companyโ€™s annual shareholder meeting that Bithumb was โ€œstrengthen[ing] accounting policies and internal controlsโ€…

Bitcoin spada? Gรณrnicy znikajฤ…?

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Kaลผda bessa โ€žzabijaโ€ miningโ€ฆ tylko ลผe nie do koล„ca. To selekcja, nie koniec. #inwestowanie #bitcoin #btc #kryptowaluty #krypto #mining โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Youtube version

US Treasury Seeks Comment on State-Level Stablecoin Regulatory Criteria

The US Department of the Treasury issued a notice of proposed rulemaking (NPRM) on Wednesday and is seeking public comment on proposed regulations for state-level stablecoin governance frameworks under the GENIUS Act. The GENIUS stablecoin regulatory framework, also known as the โ€œGuiding and Establishing National Innovation for US Stablecoins Act,โ€ gives states the authority to regulate stablecoins with a market cap of less than $10 billion, as long as the regulations do not deviate significantly from federal policies. The Treasury outlined several non-negotiable stablecoin regulations that must be in line…

World Unveils New Toolkit, Expands Developer Program With World Build 3 โ€“ Featured Bitcoin News

Ecosystem Growth and Scalability Sam Altmanโ€™s World has unveiled a technical upgrade to World Chain that allows developers to transform existing web applications into Mini Apps with as little as two lines of code. Known as Minikit 2.0, the upgrade standardizes development across the ecosystem by aligning with Ethereumโ€™s EIP-1193 standard, enabling a โ€œbuild once, deploy everywhereโ€ workflow. The upgrade comes as World experiences a surge in consumer engagement, with Mini Apps recording more than 12.1 million opens in one week alone and surpassing 2.2 billion all-time opens. According to…

$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

Key takeaways: A Hyperliquid whale placed an $80 million bet against Bitcoin and the S&P 500 while going long on Brent crude oil prices. The whaleโ€™s history of massive losses and inconsistent signals suggests the trade could fall on the wrong side of the market. Bitcoin (BTC) showed strength on Wednesday, bouncing back from Tuesday’s $66,000 low after President Donald Trump teased a potential ceasefire in the US and Israel-Iran war. Even with Bitcoin trading above $68,000, one whale used Hyperliquid DEX to place an $80 million bet on a…

EDX Markets Applies for OCC Trust Bank to Expand Crypto Services

EDX Markets, an institutional crypto exchange, has applied to the US Office of the Comptroller of the Currency (OCC) to establish a national trust bank that would provide crypto custody, asset management and trade-settlement services. The proposed entity, EDX Trust, would operate as a non-depository national bank, separating custody and settlement from trading while continuing to route order matching through EDXโ€™s existing platform. In its application, the company said the model is intended to address structural risks in crypto markets, where trading, custody and brokerage are often combined within a…