US stock futures steadied on Wednesday after a second bruising day for techs, with Wall Street looking to Micron’s (MU) earnings later for a health check on AI demand. Nasdaq 100 (NQ=F) futures rose 0.5%, while those on the S&P 500 (ES=F) put on 0.1%, coming off steep closing losses for the indexes as AI-focused…
Key Takeaways Ripple secured a major regulatory breakthrough with conditional approval to expand crypto services across Europe. Banks, fintechs, and corporates could access Ripple’s crypto asset and stablecoin payments infrastructure through a single integration. The Crypto Asset Service Provider authorization would complement Ripple’s existing EU Electronic Money Institution licence. Regulatory Green Light Advances Ripple’s Regulated…
Financial infrastructure provider OpenPayd said Wednesday that it has secured authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA), allowing it to offer crypto services across the European Economic Area (EEA) via passporting. The license lets OpenPayd operate as a crypto asset service provider (CASP) to offer services such as fiat-to-stablecoin on-ramping and off-ramping,…
US stock futures slipped as Wall Street digested a second straight tough day for the AI trade. Futures attached to the Dow Jones Industrial Average (YM=F) fell 0.1%. S&P 500 (ES=F) and Nasdaq 100 (NQ=F) futures rose 0.2% and 0.5% respectively. After the bell, AI chip company Cerebras reported its first earnings since going public….
Key Takeaways Jackpocket ticket won $71.5M on Feb. 17, 2025, but Texas Lottery froze the payout. Texas Rangers probe may reshape courier-app rules affecting DraftKings and lottery sales. Jane Doe sued on May 19, 2025; courts could decide if retroactive bans can stand. An 83-year-old Texas retiree hit the Lotto Texas jackpot on 2/17/2025, only…
The US House has passed a major housing bill that includes a ban on central bank digital currencies until 2030, in what is set to be a major win for Republicans who have long pushed for such a measure. The House voted 358-32 on Tuesday to pass the 21st Century ROAD to Housing Act, a…
Swell, a liquid staking and restaking protocol, is shutting down its Ethereum Layer 2 chain after deciding that slower restaking growth and cheaper Ethereum transactions had weakened the case for keeping it alive. The project told users to bridge assets off Swellchain by June 23 or risk leaving funds on a chain they may not…
In the latest close session, Southern Co. (SO) was up +1.61% at $94.93. This change outpaced the S&P 500’s 1.44% loss on the day. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 2.22%. Shares of the power company witnessed a loss of 1.18% over the previous month, beating the performance of…
Key Takeaways DWF Labs says $31B+ in RWAs is onchain, but under 10% is active in DeFi. Blackrock’s BUIDL highlights liquidity issues, with fewer than 30 transfers monthly. Maple Finance and Figure are building tools to unlock RWA trading, yield, and scale. Blackrock, Maple, and Figure Compete to Unlock Utility for $31 Billion in RWAs…
The US Commodity Futures Trading Commission filed a lawsuit against Kentucky on Tuesday after the state sued prediction market operators last week, accusing them of operating unlicensed and illegal gambling platforms. The lawsuit, filed in federal court, seeks to block Kentucky’s legal action against five prediction markets filed on Wednesday last week, calling for declaratory…
