The Trump family’s World Liberty Financial filed for a banking charter to gain greater control over its USD1 stablecoin and expand its adoption among institutions. The Trump family’s crypto platform, World Liberty Financial, has filed for a national trust banking charter to accelerate the institutional adoption of its USD1 stablecoin. World Liberty said on Wednesday that its subsidiary WLTC Holdings filed with the Office of the Comptroller of the Currency (OCC) for a charter that would allow it to issue, custody and convert its stablecoin in-house, rather than rely on third-party providers such as BitGo. “Institutions are already using USD1 for cross-border payments, settlement, and treasury operations,” said World Liberty CEO Zach Witkoff. “A national trust charter will allow us to bring issuance, custody, and conversion together as a full-stack offering under one highly regulated entity.” Read more
Stablecoins are emerging as critical infrastructure across both decentralized and traditional financial applications worldwide. The market capitalization of stablecoins on the Solana layer-1 blockchain surged by $900 million over a 24-hour period on Tuesday. Stablecoins, blockchain tokens backed by fiat currency or debt assets, surged to a market cap of $15.3 billion on the Solana network, according to DeFiLlama. The dramatic surge came as decentralized finance platform Jupiter launched its JupUSD stablecoin, developed in partnership with synthetic stablecoin issuer Ethena. Read more
The Digital Chamber will facilitate engagement with representatives from several digital asset companies in Washington, D.C., on Thursday, ahead of a markup on a major crypto bill. With a markup event on legislation to address digital asset market structure scheduled for next week, representatives from cryptocurrency companies are expected to fly into Washington, D.C., and some will engage with lawmakers on the bill. Speaking with Cointelegraph on Tuesday, Cody Carbone, CEO of crypto advocacy organization The Digital Chamber, said it was “possible, if not likely,” that the Senate Agriculture Committee would hold a markup on its version of the Responsible Financial Innovation Act (RFIA) — the market structure bill — at the same time as the Senate Banking Committee. Senator Tim Scott, who chairs the banking committee, said on Tuesday that the body would vote on market structure on Jan. 15. Ahead of consideration by both committees, the Digital Chamber said it had been “intimately involved” in drafting the legis...
The new GateAI feature offers automated market summaries and decision-support tools without enabling automated trading. Cryptocurrency exchange Gate has added an AI-powered market analysis tool, called GateAI, to its trading app, offering automated summaries and explanations of market data. GateAI is available in version 8.2.0 and above of the Gate app and can be accessed across multiple areas of the platform, including token search, spot charts and the community feed. The company said the tool organizes market information based on existing data and is designed to flag uncertainty when conclusions cannot be verified. According to Wednesday’s announcement, the feature is intended as a decision-support tool rather than an automated trading system, providing contextual information such as market factor breakdowns and basic risk indicators, while leaving trade execution under user control. Read more
The investment was made through the purchase of BABY tokens to support the development of Babylon’s trustless Bitcoin collateral infrastructure. Babylon, a decentralized protocol focused on enabling native Bitcoin staking and lending, received $15 million in funding from a16z Crypto through the sale of Babylon's native BABY (BABY) tokens to the digital asset arm of Andreessen Horowitz. In a blog post published Wednesday, a16z Crypto said the funding will support continued development of the protocol’s Bitcoin-native infrastructure. “Bitcoin’s limited programmability” has left large amounts of Bitcoin (BTC) sitting idle, the blog reads, arguing that enabling its use as collateral could unlock a major source of onchain capital and allow BTC to function as a productive asset within decentralized finance (DeFi). Read more
Bitcoin accumulators absorbed 60,000 BTC, but miners sending their rewards to exchanges could lead to overhanging sell pressure. Bitcoin’s (BTC) early-January rally is unfolding against a mixed on-chain data backdrop, where strong accumulation demand is colliding with renewed miner distribution. Key takeaways: Bitcoin accumulator addresses added roughly 60,000 BTC in six days, ending a multi-month consolidation phase. Read more