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news.bitcoin.com SEC Suspends Trading in Crypto-Driven QMMM After 1,000% Price Explosion

QMMM Holdings lit up the market with a 1,000% surge after unveiling a bold crypto treasury and AI-blockchain strategy, prompting swift SEC intervention over volatility concerns. SEC Suspends QMMM Trading After Explosive Crypto Treasury Sparks Massive Rally Regulators are intensifying oversight of volatile equities tied to cryptocurrency ventures, underscoring growing concern about manipulation in digital […]

blockonomi.com Ripple USD (RLUSD) Gains Traction with $773.6M Reserve and Adoption

TLDR Ripple USD (RLUSD) achieves a $773.6 million reserve backing, confirmed by a Deloitte attestation. Jack McDonald, CEO of Standard Custody, praises RLUSD’s regulatory compliance and transparency. RLUSD gains traction on crypto exchanges, including its recent listing on BybitSpot. BlackRock and VanEck incorporate RLUSD into their strategies, signaling institutional adoption. Ripple USD strengthens its position [...] The post Ripple USD (RLUSD) Gains Traction with $773.6M Reserve and Adoption appeared first on Blockonomi.

bitcoinist.com Too Tough? Poland’s New Crypto Law Faces Pushback

Poland’s lower house has approved a wide-ranging crypto bill that would put the country’s entire virtual asset market under stricter state control. Based on reports, the measure — known as Bill 1424 — passed the lower house of Poland’s national parliament, or Sejm, with 230 votes in favor and 196 opposed. Related Reading: Crypto Kings: […]

news.bitcoin.com Turkey Proposes Expanded Powers for Financial Watchdog to Freeze Accounts, Blacklist Crypto Wallets

The Turkish government is set to empower its financial crime watchdog with new authority to freeze or restrict access to bank and cryptocurrency accounts. Alignment with Global Standards The Turkish government is reportedly preparing to grant its financial crime watchdog, the Financial Crimes Investigation Board (MASAK), new authority to freeze or restrict access to both […]

blockonomi.com Michael Saylor Reveals Strategy’s Plan to Accumulate $1 Trillion in Bitcoin

TLDR Michael Saylor revealed that Strategy aims to accumulate $1 trillion in Bitcoin for its treasury. Saylor believes Bitcoin represents a revolutionary form of energy, capital, and property in cyberspace. Strategy’s Bitcoin strategy has inspired over 180 publicly traded companies to adopt Bitcoin as a core treasury asset. Saylor predicts that major companies like Apple, [...] The post Michael Saylor Reveals Strategy’s Plan to Accumulate $1 Trillion in Bitcoin appeared first on Blockonomi.

blockonomi.com Upexi Taps SOL Big Brain and Arthur Hayes to Strengthen Solana Focus

TLDR Upexi has appointed SOL Big Brain, a Solana investor, to its advisory committee. The company now has Arthur Hayes, co-founder of BitMEX, on its advisory team. Upexi’s Solana strategy includes holding over 2 million SOL tokens, valued at approximately $410 million. The company stakes most of its Solana holdings to earn an 8% yield [...] The post Upexi Taps SOL Big Brain and Arthur Hayes to Strengthen Solana Focus appeared first on Blockonomi.

blockonomi.com Ripple To Make History With XRP ETF? Here’s Why October Is Very Important

Crypto firm Ripple is in the spotlight with the potential launch of the XRP ETFs. These XRP ETFs are likely to gain approval in October, with Grayscale’s final deadline on October 18, according to the SEC release, which is a positive for Ripple. Notably, Ripple is the largest XRP holder, which makes the XRP ETFs [...] The post Ripple To Make History With XRP ETF? Here’s Why October Is Very Important appeared first on Blockonomi.

blockonomi.com EU Watchdog Urges Ban on Multi-Issuance Stablecoins to Ensure Stability

TLDR The European Systemic Risk Board has recommended a ban on multi-issuance stablecoins to protect the EU’s financial stability. The proposal targets stablecoins issued jointly within the EU and in other jurisdictions, such as Circle and Paxos. The European Central Bank has raised concerns over the regulation of non-EU stablecoins and potential risks to the [...] The post EU Watchdog Urges Ban on Multi-Issuance Stablecoins to Ensure Stability appeared first on Blockonomi.