EXCLUSIVE: Stablecoin payments startup Velocity raises $10M from @Ripple, @circle and @Visa, extending its Series A to $48M at a $200M valuation, as financial giants back infrastructure connecting stablecoins to existing payment rails.
JUST IN: The DOJ seeks forfeiture of $61M in crypto linked to Iran's black-market oil sales, with two Chinese firms allegedly laundering proceeds through Binance accounts on behalf of the IRGC.
LATEST: @coinexcom shuts down after nine years, with users given until December 22 to withdraw funds, as CEO cites escalating security and compliance risks, joining BitMEX and BitMart in a wave of exchange closures this year.
INSIGHT: White House crypto adviser @patrickjwitt says bank "deposit flight" fears over the CLARITY Act's stablecoin rewards are a myth, pointing out bank deposits are rising, not falling.
LATEST: Senate Democrats delivered a counterproposal on the CLARITY Act overnight, keeping negotiations alive hours before today's 2:15pm ET cloture vote.
