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Dow Jones Top Financial Services Headlines at 12 AM ET: Senate Passes Stablecoin Bill in Big Win for Crypto Industry | Robinhood ...

Dow Jones Top Financial Services Headlines at 12 AM ET: Senate Passes Stablecoin Bill in Big Win for Crypto Industry | Robinhood ...

Senate Passes Stablecoin Bill in Big Win for Crypto IndustryThe legislation, known as the Genius Act, moves to the House, where passage is viewed in Washington as likely, before Trump's desk.----Robinhood Launches New Tools to Woo TradersThe new features are part of a 10-year strategy to build its b…

Global Markets Mostly Fall; Oil Price Rise on Fresh Iran, Israel Attacks

Global Markets Mostly Fall; Oil Price Rise on Fresh Iran, Israel Attacks

By Dow Jones Newswires StaffOil prices headed higher again Tuesday as Iran and Israel launched fresh attacks against each other.The latest strikes came after President Trump left the Group of Seven summit early to deal with the crisis and after social-media posts in which Trump urged an immediate ev…

Whales Move Big: Binance Sees 4,500 BTC Withdrawn and $400M Stablecoin Inflows

Whales Move Big: Binance Sees 4,500 BTC Withdrawn and $400M Stablecoin Inflows

The Bitcoin and broader crypto markets are facing another decline as Middle East tensions rise. This follows President Trump’s abrupt departure from the annual G7 meeting in Canada and a warning aimed at Tehran.Despite this, a shift in market behavior has been detected on Binance, which points to a …

Crypto Shows Immunity as Bitcoin Quickly Recovers From Tehran Tensions

Crypto Shows Immunity as Bitcoin Quickly Recovers From Tehran Tensions

Total crypto market capitalization shed around $80 billion over a few hours late on Monday night as Middle East tensions escalated.It fell marginally to around $3.44 trillion as Bitcoin dipped by over $2,000 in a decline to around $106,500 before it immediately started to recover and reclaim $107,00…

Solaxy Presale Burns Red Hot as Whales Snatch $495K in Two Days: Best Presale Ends Tomorrow

Solaxy Presale Burns Red Hot as Whales Snatch $495K in Two Days: Best Presale Ends Tomorrow

With Solaxy ($SOLX) nearing the end of its presale stage, both anticipation for its listing and urgency among investors to grab the best altcoin at its lowest-ever price are higher than ever. Whale investors have gobbled up more than $500K worth of $SOLX tokens over the past 24 hours, taking Solaxy’…

Billionaire Hedge Fund Manager Philippe Laffont Claims Bitcoin has a Good Beta Value for Portfolios

Billionaire Hedge Fund Manager Philippe Laffont Claims Bitcoin has a Good Beta Value for Portfolios

Philippe Laffont, founder of Coatue Management, attended Coinbase’s State of Crypto Summit in New York City and said that Bitcoin was becoming more attractive to institutional investors because its volatility has decreased. Laffont argued that crypto’s beta values have decreased, making digital asse…

Trump reports tens of millions in income from crypto ventures

Trump reports tens of millions in income from crypto ventures

President Donald Trump filed his first public financial disclosure report of his term on Friday, providing what he said was the latest information about his holdings, including income from his family's foray into crypto currencies.Trump reported $57.35 million from token sales at crypto firm World L…

Circle gains 10% on deals with Brazil’s Matera, Altman’s World

Circle gains 10% on deals with Brazil’s Matera, Altman’s World

Shares in Circle Internet Group closed with a 10.7% gain on Wednesday after the stablecoin issuer partnered with Brazilian fintech Matera to support multicurrency bank payments, while its flagship stablecoin USDC also went live on OpenAI CEO Sam Altman’s World Chain.World, formerly Worldcoin, said o…

TRX Price Up As Tron Rolls Out The Red Carpet For Trump-Backed Stablecoin

TRX Price Up As Tron Rolls Out The Red Carpet For Trump-Backed Stablecoin

Tron’s blockchain just added a USD1 stablecoin from World Liberty Financial Inc. That move put the spotlight back on TRX. And traders are paying attention to what comes next.Significant Price MovementAccording to trading data, TRX climbed 6% on Tuesday. It broke above the $0.2875 level on the daily …

US Bancorp studying stablecoins as crypto custody arm sees revival

US Bancorp studying stablecoins as crypto custody arm sees revival

U.S. Bancorp’s institutional crypto custody business has seen a revival under the crypto-friendly Trump administration and the bank is “studying and watching” what role it could play with stablecoins, says its CEO.U.S. Bancorp CEO Gunjan Kedia said on Wednesday at the Morgan Stanley US Financials Co…

US senators question Meta’s stablecoin plans amid GENIUS Act debate

US senators question Meta’s stablecoin plans amid GENIUS Act debate

Update (June 11 at 10:50 pm UTC): This article has been updated to include a previous statement from Meta.With the US Senate expected to vote on legislation to regulate payment stablecoins soon, two senators called on Meta CEO Mark Zuckerberg to answer questions about the company’s potential plans t…

Quintenz says CFTC will need more funding if tasked with broader crypto oversight

Quintenz says CFTC will need more funding if tasked with broader crypto oversight

More than once on Tuesday, U.S. lawmakers asked Brian Quintenz whether the Commodity Futures Trading Commission would need additional funding if it were given expanded authority to regulate crypto. The answer: yes.During a nomination hearing, Quintenz — President Donald Trump’s pick to lead the agen…