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Federal court ends Custodia Bank's legal bid for a master account

A federal court has dismissed Custodia Bank's legal attempt to secure a master account with the Federal Reserve. The court ruled that Custodia, a cryptocurrency-focused bank, did not meet the necessary criteria for such an account. This decision is seen as a setback for the bank, which has been advocating for clearer regulatory frameworks for digital assets. The ruling underscores ongoing challenges faced by crypto institutions in obtaining traditional banking services. Custodia Bank's CEO expressed disappointment but remains committed to pursuing regulatory clarity in the crypto space.

Read the full article: Coin Telegraph

Crypto funds log $858M in sixth straight week of inflows: CoinShares

Crypto funds experienced $858 million in inflows over the past week, marking the sixth consecutive week of positive investment trends, according to CoinShares. Bitcoin led the inflows, attracting $741 million, while Ethereum saw $73 million. The sustained interest in cryptocurrency investments is attributed to growing institutional adoption and favorable market

XRP metrics line up bull signals for ‘full-scale rally’ to $2

XRP is showing strong bullish signals as key metrics align for a potential rally towards $2. Analysts highlight increased trading volume and positive market sentiment as indicators of upward momentum. Additionally, XRP's recent price action has broken through significant resistance levels, further supporting the bullish outlook. Market participants

USDC issuer Circle raises $222M in Arc token presale valued at $3B

Circle, the issuer of the USDC stablecoin, has successfully raised $222 million in a presale for its new Arc token, which is valued at $3 billion. The presale attracted significant interest, highlighting the growing demand for innovative financial products in the cryptocurrency space. Circle plans to use the funds to

Tom Lee's Bitmine slows down ether purchases after already buying 1 million tokens this year

Tom Lee's Bitmine has reduced its pace of purchasing Ethereum after acquiring 1 million tokens in 2023. The decision comes amid market fluctuations and a strategic reassessment of their investment approach. Despite the slowdown, Bitmine remains optimistic about Ethereum's long-term potential. The company is focusing on

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Crypto funds log $858M in sixth straight week of inflows: CoinShares

XRP metrics line up bull signals for ‘full-scale rally’ to $2

USDC issuer Circle raises $222M in Arc token presale valued at $3B

Tom Lee's Bitmine slows down ether purchases after already buying 1 million tokens this year