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Quick Take Lawmakers and crypto industry leaders have argued that digital asset firms face unique challenges when establishing and maintaining accounts in the U.S. The FDIC’s move comes after the U.S. Office of the Comptroller of the Currency said it had ended examining national banks and other financial institutions for reputation risk last week.
Quick Take Custodia and Vantage Bank have partnered on a new tokenization project that uses customer deposits to issue Avit stablecoins. The move represents the first-ever “bank-issued stablecoin” issued on a permissionless blockchain, namely Ethereum.
Quick Take OG blockchain developer and Yearn Finance founder Andre Cronje teased an algorithmic stablecoin product, much to the chagrin of some users. The possibility spurred call backs to Do Kwon’s defunct Terra ecosystem and its algo stablecoin UST.
Quick Take BlackRock and Securitize expanded the on-chain liquidity market BUIDL to Solana. BUIDL, which launched in March 2024 and is the largest fund within the tokenized money market fund sector, recently crossed $1.7 billion in AUM.
Quick Take Nikita Bier, founder of a popular social media app acquired by Meta, has joined Solana as an advisor to help as the blockchain seeks to grow its mobile app ecosystem. Bier, also a product growth partner at Lightspeed Ventures, said in a social media post, “Solana has the fundamental building blocks for something to break out on mobile and certainly many apps are making headway.”
Quick Take Ripple Chief Legal Officer Stuart Alderoty posted on Wednesday on X his potential “last update” on the case. Alderoty noted that this would all be subject to a commission vote, final documents and standard court processes
Quick Take The Senate hearing for the crypto-friendly SEC chairman nominee is scheduled for Thursday, March 27. According to an ethics filing obtained by Fortune, Atkins held a board seat and owned up to $500,000 in call options in Securitize.
BlackRock is expanding its footprint in the crypto industry as it launched a Bitcoin ETP in the EU following proof of high demand in the region.
Chainlink (LINK) is gaining attention in the crypto space, with analysts highlighting a potential 200% rally supported by a bullish flag pattern.
- 15:38In the past 24 hours, $374 million in contracts were liquidated across the network, mainly long positionsPANews reported on April 30 that according to Coinglass data, the cryptocurrency market experienced a total liquidation of $374 million in contracts across the network in the past 24 hours, with long positions liquidated at $269 million and short positions at $106 million. The total liquidation amount for BTC was $75.5542 million, and for ETH, it was $72.4616 million.
- 15:21NVIDIA CEO Jensen Huang: Trump Should Revise AI Chip Export RulesJinse Finance reports, NVIDIA CEO Jensen Huang: Trump should revise AI chip export rules.
- 15:21Re7 Capital launches a $10 million fund focusing on the SocialFi sectorRe7 Capital announced the launch of a $10 million fund focusing on the SocialFi sector, aiming to support around 30 early-stage startups in this field. It is reported that the fund is led by Re7 Capital, with other supporters including Lens (a SocialFi platform founded by Aave's Stani Kulechov), Dan Romero (co-founder of Farcaster), and existing Re7 Capital limited partners. (The Block)