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Minnesotan banks and credit unions set to provide crypto custody August 1

Starting August 1, banks and credit unions in Minnesota will begin offering cryptocurrency custody services. This initiative aims to provide a secure way for customers to store their digital assets, addressing the growing demand for crypto services among traditional financial institutions. The Minnesota Department of Commerce has approved the framework for these services, allowing institutions to hold and safeguard cryptocurrencies on behalf of their clients. This move is part of a broader trend of financial institutions integrating cryptocurrency into their offerings.

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Galaxy secures New York BitLicense to expand institutional crypto services

Galaxy Digital has obtained a BitLicense from the New York State Department of Financial Services (NYDFS), allowing it to expand its institutional cryptocurrency services in the state. This license enables Galaxy to offer a range of services, including trading and custody for digital assets. The acquisition of the BitLicense is

Odds against rate cuts high as new US Fed chair set for swearing in

The upcoming swearing-in of the new US Federal Reserve chair coincides with increasing speculation that interest rate cuts are unlikely in the near future. Economic indicators suggest persistent inflation, which may prompt the Fed to maintain or even raise rates instead of cutting them. Analysts believe that the new chair

Retail Bitcoin investor demand falls by 73% as futures selling tops $2B: Are the bears back?

Retail demand for Bitcoin has plummeted by 73%, indicating a significant decline in interest among individual investors. Concurrently, futures selling has surged, exceeding $2 billion, suggesting that bearish sentiment is taking hold in the market. Analysts are concerned that this shift could signal a downturn in Bitcoin's price.

Hyperliquid's USDC deal could supercharge HYPE, pressure Circle, Coinbase margins, analysts say

Hyperliquid's recent deal involving USDC is expected to significantly boost the HYPE token's value, potentially increasing demand and trading activity on its platform. Analysts suggest that this move could put pressure on major players like Circle and Coinbase by intensifying competition in the stablecoin market. The

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Galaxy secures New York BitLicense to expand institutional crypto services

Odds against rate cuts high as new US Fed chair set for swearing in

Retail Bitcoin investor demand falls by 73% as futures selling tops $2B: Are the bears back?

Hyperliquid's USDC deal could supercharge HYPE, pressure Circle, Coinbase margins, analysts say