Saturday Top Crypto News
On one short thread…
Coinbase, the largest U.S. crypto exchange, has filed an application with the Office of the Comptroller of the Currency (OCC) for a national trust charter.
It joins Circle, Paxos, and Ripple in seeking similar regulatory approval…
Coinbase clarified that it does not intend to become a bank, but views clear regulatory frameworks as essential to advancing innovation while ensuring compliance and security.
According to Bloomberg, Tether is in talks with Antalpha to raise at least $200 million for a digital asset vehicle to accumulate its gold-backed token XAUt.
The move expands their Tether Gold partnership. In September, Antalpha announced plans to offer XAUt-backed lending and build physical vaults in major financial centers. Tether previously acquired an 8.1% stake in Antalpha.
Trump family–linked crypto project WLFI posted that it recently sold tokens to mining firm Hut8 at $0.25 each for its treasury.
The locked tokens transferred from the WLFI treasury were solely to complete this sale, not new issuance and not dilution.
The Ethereum Foundation plans to convert 1,000 ETH into stablecoins using CoWSwap’s TWAP feature, as part of its ongoing efforts to support R&D, grants, and donations. The sale aligns with the foundations public treasury policy, which calls for periodic Ether sales based on deviations from the fiat-denominated Opex Buffer target.
A U.S. federal judge in California has dismissed an investor lawsuit against Yuga Labs, ruling that its Bored Ape Yacht Club (BAYC) NFTs and ApeCoin do not constitute securities.
The court stated that the plaintiffs failed to prove the three prongs of the Howey test, affirming that BAYC NFTs are digital collectibles with membership benefits rather than investment instruments.
Crypto majors trade at the following levels
BTC
ETH
XRP
SOL
Have a great day!
Crypto majors trade at the following levels
BTC 122,700 (up 2.3% in 24 hours)
ETH 4,500 (up 0.5%)
XRP 3.024 (up 0.2%)
SOL 229.70 (down 0.5%)
Have a great weekend!
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