Stablecoin giant Tether has announced that KPMG U.S. completed the first independent audit of its reserves after years of struggling to get a Big Four accounting firm to do so. The San Salvador-based company, which issues the largest stablecoin in existence, USDT, said the audit was “the largest inaugural financial audit in history.” As Bitcoin Magazine's ...

The U.S. Securities and Exchange Commission on Thursday abruptly canceled a meeting scheduled for Friday on whether the agency should propose new crypto-related rules. In a statement, an SEC spokesperson said the meeting would be moved "due to an unforeseen scheduling issue." The agency was set to vote on proposing highly anticipated exemptions that would ...

For more than a decade, bitcoin’s relationship to global liquidity has been one of the most compelling frameworks for understanding its price behavior. As money supply expanded and bitcoin’s supply remained constrained, the asset generally appreciated alongside rising liquidity. Recently, however, that relationship has begun to break down. Despite continued ...

Coinbase CEO Brian Armstrong recently claimed crypto "doesn't get enough credit for the financial access it's already unlocked for the world" in a post on X. Armstrong noted that stablecoins allowed "anyone, anywhere" to access a low-inflation currency and send it "24/7 for a fraction of a cent", that decentralized finance (DeFi) applications gave "anyone ...

*trump Imposes 100% Tariff On Certain Size Drones Adjusting imports of unmanned aircraft systems and unmanned aircraft systems of components into the US Within the past 90 days, the Secretary of Commerce (Secretary) transmitted to me a report on his investigation into the effects of imports of unmanned aircraft systems (UAS), as well as their parts and components (together, UAS components), on the national security of the United States under section 232 of the Trade Expansion Act of 1962, as amended, 19 U.S.C. 1862 (section 232). Based on the facts considered in that investigation, and taking into account the close relation of the economic welfare of the Nation to our national security and other relevant factors, see section 232(d) (19 U.S.C. 1862(d)), the Secretary found and advised me of his opinion that UAS and UAS components are being imported into the United States in such quantities and under such circumstances as to threaten to impair the national security of the United States and provided recommendations for action under section 232 to adjust the imports of UAS and UAS components so that such imports will not threaten to impair the national security of the United States. White House: trump proclamation imposes 15% ad valorem tariff on drones and parts from European Union, Japan, Liechtenstein, South Korea, Switzerland, and Taiwan

Deribit has received a Broker-Dealer Licence from Dubai's Virtual Assets Regulatory Authority (VARA), allowing the Coinbase-owned crypto derivatives platform to route most spot orders to Coinbase Exchange for execution. Deribit will remain the client-facing venue and retain its derivatives ecosystem, while Coinbase Exchange will provide main execution and ...

When nearly a billion XRP disappears from circulation, the first name most people reach for is Ripple. The company's monthly escrow unlocks have defined XRP's supply narrative for nearly a decade, and any large movement in the token's supply is reflexively attributed to Ripple's operations. According to data from SoSoValue's ETF tracker, seven XRP spot ETFs ...

U.S. financial regulators are pressing ahead with cryptocurrency policy discussions while Congress has not advanced new market structure legislation. The CFTC says its advisory committee will meet on Aug. 20 to consider crypto asset regulation alongside artificial intelligence and prediction markets. As reported by Cointelegraph, citing the CFTC, its ...

Bitcoin remains anchored near $63,472 after absorbing recent CPI inflation data without generating follow-through buying. With Ethereum breaking below $1,900, short-term momentum has stalled across the broader market. Sellers continue to limit upside attempts while long-term buyers hold firm. Bitcoin is holding flat at $63,472, up 0.14% after opening near ...

BIG WIN today at the U.S. Court of International Trade on one of the most DESPICABLE loopholes in American Trade Policy — The so-called “de minimis” exemption. For years, Foreign Shippers could send packages worth up to $800 into our Country, DUTY FREE, NO TARIFF, far less scrutiny. It became a giant loophole for TARIFF Cheats — and a Pipeline exploited by Fentanyl Traffickers, Counterfeiters, and other Criminals shipping dangerous and illegal products into America. The numbers were staggering. In 2024 alone, de minimis cost America an estimated 10.8 BILLION DOLLRS in foregone TARIFF Revenue, and an astonishing share of narcotics and counterfeit seizures came through the de minimis channel. So, we CLOSED IT. With the stroke of my mighty pen — NO AUTOPEN!!! — we ended this ridiculous giveaway, and made Foreign Goods play by the rules. The Importers sued. Today, THEY LOST. The Court ruled that the President had the Legal Authority to rescind this so-called “privilege.” America is now SAFER, our Workers are better protected, and BILLIONS in TARIFF Revenue that used to slip through this loophole can instead help pay for our Great Military, Tax Relief, NO TAX ON TIPS, and NO TAX ON SOCIAL SECURITY. AMERICA FIRST TRADE — AND AMERICA FIRST LAW ENFORCEMENT! President DONALD J. TRUMP

There’s a 50% chance that data tomorrow will show that retail sales expanded for the sixth consecutive month as consumer spending continues to be bolstered by subdued unemployment and buoyant capital markets. After growing 0.2% month over month in June, the “Yes” contract with a 0% threshold for July’s number is priced at $0.50. I think the result will ...

Coinbase has received Financial Services Permission from the Financial Services Regulatory Authority (FSRA) to establish an international tokenisation hub in Abu Dhabi Global Market (ADGM). The approval allows Coinbase to arrange investment transactions and provide custody services connected to its planned tokenised securities offering. Tokenised securities ...