22m ago
OCC gives World Liberty Trust conditional approval to pursue national charter for USD1 stablecoin bank
The Office of the Comptroller of the Currency gave World Liberty Trust Company preliminary conditional approval on Aug. 14, 2026. The proposed trust bank plans to issue the USD1 stablecoin, manage its reserves and offer institutional digital-asset custody. Operating conditions include maintaining at least $20 million in tier 1 capital, while final approval still hinges on a preopening examination and detailed compliance requirements. Lawmakers have also raised concerns about potential conflicts of interest involving President Trump and his family.
USD1
USD1-0.03%
22m ago
22m ago
Crypto Market Slows as Strategy Sells 3,328 Bitcoin and ETF Flows Turn
Bitcoin traded near $62,991 on 14 August, about 50 percent below its October 2025 record close. Strategy sold 3,328 bitcoin over two weeks, raising about $213.3 million to fund dividends and buybacks. US spot bitcoin ETFs recorded net inflows of $865.3 million from 3 to 7 August before swinging to net outflows of $329.0 million over the next four sessions. Stablecoin supply hit a record $383.8 billion, up 22.7 percent over 12 months, while the Fed held rates at 3.50 to 3.75 percent and the 30year Treasury yield rose to 5.21 percent.
BTC
BTC+0.21%
22m ago
31m ago
Gold logs 0.86% weekly gain as bets grow on Fed holding rates steady
Gold rose 0.86% for the week after a run of weaker-than-expected US economic data strengthened expectations that the Federal Reserve will keep interest rates unchanged. On Friday, MCX gold futures (October) climbed 0.73% to Rs 154,590, while MCX silver futures (September) edged up 0.15% to Rs 2,36,272 per kg. Technically, commodity market experts see immediate resistance for COMEX gold at $4,470–$4,500 and support at $4,400–$4,370. July core CPI eased to 2.5%, keeping inflation broadly contained and reinforcing the view of unchanged rates.
31m ago
2h ago
Cboe BZX asks SEC to approve first U.S. 3x leveraged Bitcoin and Ethereum ETFs
Cboe BZX Exchange has filed with the U.S. Securities and Exchange Commission seeking approval to list what it says would be the first U.S. 3x leveraged Bitcoin ETF and 3x leveraged Ethereum ETF, alongside triple-leveraged gold, silver, oil and gas funds. The proposed products are designed to deliver 3x (or -3x) the daily performance of their underlying assets. If approved, the filings would broaden the range of crypto ETFs available in the U.S. market. The move would bring leveraged crypto ETFs into view for U.S. regulators, according to the filing.
BTC
BTC+0.21%
2h ago
2h ago
OpenAI leadership shake-up intensifies as Altman reshuffles executives ahead of $1T IPO
OpenAI has undergone multiple organizational restructurings this year, with continued leadership turnover fueling internal tensions. Some employees say they are growing fatigued by the frequent changes. This week, former Slack CEO and chief revenue officer Denise Dresser said she will resign. The upheaval comes as the company moves toward a $1T IPO, raising market concerns that governance risks could complicate the listing.
2h ago