Author: CoinNewsJunction.com

TLDR; Exchanges hold 3.27M BTC, only 5% below all-time highs. Spot Bitcoin ETFs and corporate treasuries reduce exchange reserves. Self-custody adoption rises after major exchange failures. Regulatory compliance drives redistribution, not a Bitcoin shortage. Exchange BTC holdings have recently drawn attention as analysts report declining balances on major platforms.  Despite claims of a “collapse,” the reality differs. Exchanges currently hold about 3.27 million BTC, just 5% below the all-time high of 3.46 million BTC. This indicates no immediate shortage or liquidity crisis. The decrease in reserves is gradual and reflects broader shifts in the crypto ecosystem.  Changes in market participation,…

TLDR: Capital A and Standard Chartered Malaysia will explore a Ringgit-backed stablecoin through BNM’s regulated sandbox. The MYR stablecoin aims to support wholesale digital-asset use cases across Capital A’s multi-industry ecosystem. Standard Chartered Malaysia is positioned as the issuer, offering institutional-grade controls and compliance frameworks. The partnership supports Malaysia’s plan to advance responsible digital-asset innovation and improve financial efficiency. Capital A and Standard Chartered Malaysia have initiated a new collaboration aimed at developing Malaysia’s first Ringgit-backed stablecoin.  The partnership is framed under a Letter of Intent signed within Bank Negara Malaysia’s Digital Asset Innovation Hub, creating a regulated space to…

Ethereum spot ETFs recorded $19.41 million in net outflows on December 12 as ETH price stalled near the $3,000 level. Summary Ethereum ETFs posted $19.41M in net outflows on December 12 amid mixed fund activity. BlackRock ETHA saw inflows, but Grayscale and Fidelity outflows dragged totals lower. Analysts flag bullish ETH setup despite short-term weakness near $3,000 support. BlackRock’s ETHA attracted $23.25 million in inflows while Grayscale’s ETHE and ETH funds posted combined withdrawals of $36.52 million. Ethereum (ETH) traded at $3,157 with a 24-hour range of $3,054.43 to $3,261.13. The token has dropped 5.4% over the past 24 hours…

Tether has made a formal cash offer to purchase Exor’s controlling stake in Juventus Football Club Summary Tether offered to acquire Exor’s 65.4% stake in Juventus using only its own capital. The stablecoin issuer plans a public tender for remaining shares at the same price. Tether pledged €1B to support Juventus growth and long-term sporting development. The bid targets Exor’s 65.4% ownership in the Italian club, with plans for a subsequent public offer to acquire all remaining shares at identical pricing. The acquisition would be financed entirely from Tether’s balance sheet without external funding. CEO Paolo Ardoino called the move…

TLDR: Two de novo national trust banks, including Ripple, receive conditional federal approval. Three state trust companies convert to national trust banks under OCC supervision. New entrants increase access to credit, services, and financial products for consumers. Federal oversight ensures consistency, governance, and risk management across all banks. The Office of the Comptroller of the Currency has granted conditional approval to five national trust bank applications, signaling growth within the federal banking system.  These institutions, once fully approved, will join approximately 60 other national trust banks already supervised by the OCC. Each application underwent a detailed evaluation to ensure compliance…

TLDR: Tether offers €1 billion to acquire Juventus’ remaining shares from the Agnelli family. The Agnelli family holds 65.4% and currently has no plans to sell Juventus. Juventus shares have dropped nearly 30% in the past year amid market pressures. Tether seeks full ownership after holding a 10.7% stake since earlier this year. Tether has made a bold move by submitting a binding all-cash proposal to acquire the remaining stake in Juventus Football Club.  The crypto firm, which already holds a 10.7% stake, is seeking full ownership of the Turin-based Serie A team. Sources indicate the Agnelli family, holding the…

Ripple secured conditional OCC approval to launch a national trust bank, positioning its RLUSD stablecoin under federal and state oversight as U.S. institutions accelerate adoption of regulated, enterprise-grade digital dollars. Ripple Secures Huge Institutional Signal as Ripple National Trust Bank Positions RLUSD for Federal Scale A bullish shift in U.S. crypto regulation is taking shape […] Source link

TLDR:  Do Kwon misled investors about TerraUSD and LUNA, causing $40B in losses. Terraform’s Luna Foundation Guard was controlled secretly by Kwon, not independent. Mirror Protocol and Chai blockchain claims were falsified to attract investments. Kwon arrested in Montenegro in 2023 and extradited after using a fake passport. Federal prosecutors confirmed that Terraform Labs founder Do Hyeong Kwon has been sentenced to 15 years in prison for orchestrating a multibillion-dollar fraud that misled global investors.  The ruling followed years of investigations into the collapse of TerraUSD and LUNA, which once formed one of the most widely discussed algorithmic stablecoin ecosystems. …

TLDR: Gemini Titan receives a CFTC Designated Contract Market license after a five-year approval process. The license enables U.S. customers to trade yes-or-no event contracts on Gemini’s web platform. Leadership credits federal support and Acting Chairman Pham for advancing a pro-innovation environment. Gemini plans to explore futures, options, and perpetual contracts as part of a broader derivatives expansion. Gemini receives US License for prediction markets, marking a regulatory shift that allows the firm to operate a fully approved Designated Contract Market in the United States.  Gemini Space Station, Inc. announced that its affiliate, Gemini Titan, LLC, secured the license from…

Crypto analyst Javon Marks has provided a bullish outlook for the XRP price, predicting that it could rally to $14, frontrunning Bitcoin in the process. He alluded to a historical trend in which XRP outperformed BTC, which is why the analyst is confident that such price action can play out again.  Analyst Predicts XRP Price To Rise To $14, Frontrunning Bitcoin In an X post, Javon Marks stated that the XRP price is set to outpace Bitcoin by over 600% this time around, which could spark a rally to over $14 for the altcoin. He noted that when XRP previously…