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Wu Blockchain· 2025-11-12 05:14
According to Bloomberg, JPMorgan has officially launched its deposit token JPM Coin, initially available to institutional clients. The token represents U.S. dollar deposits held at the bank and enables 24/7 real-time transfers via Base, Coinbase’s associated public blockchain. Participants in the pilot include Mastercard, Coinbase, and B2C2, with Coinbase set to accept JPM Coin as collateral. https://t.co/ynsTcY90NQ ...
X @Wu Blockchain
Wu Blockchain· 2025-11-12 04:49
a16z crypto submitted first-round feedback to the U.S. Treasury on GENIUS Act implementation, advocating privacy-preserving decentralized digital identity to bolster compliance and security. It urges FinCEN to update AML/KYC to allow ZKPs and other cryptography for privacy-safe identity verification, and to clearly distinguish decentralized stablecoins from payment stablecoins to enable fair, technology-driven regulation. https://t.co/BRIMeSKJzV ...
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Wu Blockchain· 2025-11-12 02:59
WSJ’s Nick Timiraos reported growing divisions within the Fed over a December rate cut. Some officials cite sticky inflation and tariff effects to argue for a pause, while doves point to weak jobs and slowing demand. A government shutdown disrupting key data has widened the split. The rate remains at 3.75%–4%, with markets still slightly favoring a cut amid a rare hawk-dove standoff. https://t.co/dHfdPJkWEc ...
X @Wu Blockchain
Wu Blockchain· 2025-11-12 01:28
Sonic Labs CEO Mitchell Demeter announced the next phase of Sonic, emphasizing a shift toward fundamentals-driven growth centered on real product adoption and long-term sustainability. He stated that Sonic will adopt a more “token-focused” model, prioritizing S token holders and ecosystem builders, and exploring enhanced deflation and value return mechanisms within the network. https://t.co/cFD727VxI9 ...
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Wu Blockchain· 2025-11-12 01:00
Brazil’s central bank released new crypto rules requiring licensing and compliance with FX and capital market laws. Firms must hold at least 10.8 million reais ($2 million) in capital, or up to 37.2 million reais ($7 million) depending on business type. Noncompliant or foreign firms without a local entity will be barred. The framework also brings stablecoins and cross-border transfers under FX control with a $100,000 cap per transaction. https://t.co/oULY1gPitz ...
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Wu Blockchain· 2025-11-12 00:16
Marathon Digital CEO Fred Thiel warned that Bitcoin mining margins are shrinking amid rising energy costs and intensifying competition. Only miners with low-cost power access or those pivoting to AI and high-performance computing (HPC) are likely to survive. He cautioned that after Bitcoin’s 2028 halving cuts block rewards to around 1.5 BTC, most mining firms may struggle to remain profitable without higher fees or prices.https://t.co/4fCr0fLLam ...
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Wu Blockchain· 2025-11-12 00:13
Mining Industry Challenges - Bitcoin mining margins are shrinking due to rising energy costs and increased competition [1] - Only miners with low-cost power or those adopting AI and high-performance computing (HPC) are likely to survive [1] - Major players are shifting towards AI and compute infrastructure, squeezing smaller miners [1] - After the 2028 Bitcoin halving, block rewards will be cut to around 1.5 BTC, potentially making it difficult for most mining firms to remain profitable without higher fees or prices [1]
X @Wu Blockchain
Wu Blockchain· 2025-11-11 22:59
The Bitwise Chainlink ETF (ticker: CLNK) has been added to the DTCC eligibility list. Such listing is part of the standard clearing and settlement preparation process and does not indicate that the ETF has received regulatory approval or completed any other required approvals. https://t.co/BYODrjw4MC ...
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Wu Blockchain· 2025-11-11 20:37
Coinbase has ended acquisition talks with U.K.-based stablecoin infrastructure firm BVNK, which had been valued at around $2 billion. A Coinbase spokesperson confirmed to Fortune that the two companies entered an exclusivity period in October and conducted due diligence, but ultimately decided not to proceed with the deal. No reason was given for the termination. https://t.co/Q0VWIaUF3p ...
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Wu Blockchain· 2025-11-11 18:45
Coinbase announced that it will list Allora (ALLO), with ALLO‑USD spot trading set to go live on November 11, 2025, in supported regions, subject to liquidity conditions. Allora is a self‑improving decentralized AI network. ...