FDIC Chair Clarifies Lack of Deposit Insurance for Stablecoins Amidst New Legislation
The chair of the FDIC emphasizes that the GENIUS Act will prohibit stablecoin deposits from receiving government insurance.

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The chair of the FDIC emphasizes that the GENIUS Act will prohibit stablecoin deposits from receiving government insurance.
Circle Internet Financial has seen its shares surge in value, significantly outperforming the broader cryptocurrency market as analysts expect continued growth due to increased stablecoin adoption.
Backpack Exchange has unveiled plans for an equity offering where users staking its upcoming token will gain equity stakes, moving a step closer to an IPO.
Bitcoin ETFs have seen significant outflows while Metaplanet's CEO defends against accusations of misleading investors.
Bitcoin and altcoins face selling pressure as U.S. stock markets respond to tariff threats from President Trump, leading to predictions of market downturns.
Tyler Winklevoss of Gemini expresses optimism amidst a tough crypto landscape, with significant layoffs and Bitcoin sales impacting the exchange.

IP Strategy Holdings, Inc. has authorized a program to buy back up to 1 million shares, reflecting confidence in its market value and growth prospects.
The Ripple CEO highlights discussions on stablecoin yield amid a market structure bill being considered by Congress.
A new bill in Missouri proposes allowing the state treasurer to manage a Bitcoin strategic reserve, potentially opening avenues for cryptocurrency in state finances.
Criticism mounts against South Korea's Financial Services Commission as Bithumb mistakenly awarded customers with Bitcoin it didn't possess, creating substantial concern over regulatory oversight.
Christine Lagarde's impending departure raises questions about the future of crypto policy in Europe amidst ongoing caution from potential successors.
ICON Amsterdam announces its strongest financial results to date for 2025 and outlines its strategy for entering the U.S. market in 2026.

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