Criptor

Slash, a Californian neobank founded in 2022 by Victor Cardenas and Jack Jia, is introducing a Global USD account that enables businesses to store, send, and receive both stablecoins and U.S. dollars.According to a press release shared with The Defiant, the product leverages Slash’s own USDSL stablecoin, which is issued by Bridge, a stablecoin API platform that was acquired by Stripe in February for $1.1 billion.With the Global USD account, the San Francisco-headquartered neobank says businesses...

The Defiant

19 hours ago

Crypto markets dipped on Tuesday as Ethereum exchange-traded funds (ETFs) posted their largest one-day outflows to date, signaling renewed investor caution.Bitcoin (BTC) is down nearly 2% on the day, trading around $113,200 and extending its weekly losses to about 4%. Ethereum (ETH) has dropped 3.2% in the past 24 hours to about $3,587, bringing its weekly decline to 4%. Among other large-cap altcoins, XRP has slipped 2.3% to $2.98, while Solana (SOL) is down about 3% today $163, recording a nea...

The Defiant

19 hours ago

The U.S. Securities and Exchange Commission’s Division of Corporation Finance issued written guidance stating that liquid staking activities and the tokens representing those positions are not securities transactions under federal law.The clarification follows a letter sent last week by industry participants—including Jito Labs, Bitwise, Multicoin Capital, VanEck US and the Solana Foundation—asking the agency to confirm that liquid staking falls outside the scope of the securities regime. The SE...

The Defiant

19 hours ago

Phantom, the leading wallet on the Solana blockchain, said it has acquired SolSniper, an advanced on-chain trading terminal for memecoins and NFTs. Financial terms were not disclosed. The deal, announced 4 Aug., is Phantom’s fourth acquisition in 16 months and is intended to accelerate the company’s plan to evolve from a wallet into what it calls a comprehensive consumer-finance platform.Founded as an NFT marketplace, SolSniper pivoted to high-speed memecoin trading after NFT volumes slumped and...

The Defiant

21 hours ago

United States-based crypto and fintech companies — including Coinbase, Robinhood, and X (formerly Twitter) — are expanding their platforms to offer a broader range of financial and communication services, as the “super app” model popularized in Asia gains traction in the West. The trend has accelerated as U.S. regulators continue to push forward with crypto-friendly legislation and policies that provide long-awaited clarity to the industry.Last Thursday, Max Branzburg, Coinbase’s head of consume...

The Defiant

21 hours ago

Brazil’s Chamber of Deputies has scheduled its first public hearing for 20 Aug 2025 to examine a proposal calling for the creation of a national strategic reserve held in Bitcoin. Lawmakers will debate whether the cryptocurrency should be adopted as part of the country’s official reserves, according to the hearing notice released on 5 Aug.Details on the size of the potential Bitcoin allocation or the timeline for implementation have not been disclosed. If advanced, the initiative would make Braz...

The Defiant

21 hours ago

Switzerland-based Amina Bank said it has begun offering both trading and custodial services for Sui (ticker: SUI), becoming the first regulated bank worldwide to support the layer-1 blockchain’s native token.The launch expands the bank’s existing digital-asset lineup and gives Sui holders access to banking-grade safeguards and compliance frameworks, a step that could broaden institutional participation in the relatively new network....

The Defiant

21 hours ago