Author: Yeek.io

Homepage > News > Finance > Australia plans ‘fit for purpose’ digital asset framework On March 21, the Australian Treasury published plans for regulating digital assets and payment stablecoins, focusing on platforms that have custody of client assets and stablecoin issuers. According to the Treasury, the “fit for purpose” digital asset regime will aim to increase transparency, protect consumers, help Australia adopt and benefit from new technology, and keep the country competitive globally. “Digital assets are a rapidly evolving part of the economy, offering opportunities for new products and productivity gains. The potential benefits of these assets are far reaching, from…

In a significant move for the video game retail giant, GameStop announced on Tuesday that its board has unanimously approved a plan to use corporate cash reserves to invest in the crypto market’s largest cryptocurrency, Bitcoin (BTC).  This decision mirrors a strategy made by the now Bitcoin proxy company Strategy (previously Microstrategy) by MicroStrategy, which has made headlines for its substantial Bitcoin acquisitions led by its co-founder Michael Saylor. With $4.8 Billion In Cash, GameStop Eyes Bitcoin Expansion Following the announcement, GameStop’s stock surged more than 6% in extended trading, reflecting investor enthusiasm for the company’s new direction.  This news…

Update (March 26, 6:12 am UTC): This article has been updated to add information on Ben Armstrong’s prior arrest and background.Crypto influencer Ben Armstrong, also known as “BitBoy,” has been arrested in Florida after disclosing on social media just days ago that a warrant was out for his arrest.Florida’s Volusia County Division of Corrections listed Armstrong as a fugitive from justice who was taken in custody on March 25 at 7:18 pm local time.Days prior, Armstrong said in a March 21 X post that he could “confirm that the warrants for my arrest” were due to sending emails to Cobb…

Dogecoin Reserve aims to make DOGE faster and more usable for global daily transactions. Active addresses dropped by 75%, despite strong market reaction to the news Dogecoin’s price gained strong bullish momentum following an  announcement by House of Doge — The newly formed corporate division of the Dogecoin Foundation. On 24 March, the organization revealed it had established the Official Dogecoin Reserve by purchasing 10 million DOGE at market value. Seemingly, it is meant to lay a foundation for positioning Dogecoin [DOGE] as a fast, decentralized currency suitable for global payments. The Reserve is designed to act as a liquidity…

Rival, a London-based startup, has raised $4.2 million to develop an innovative 3D content creation platform designed for spatial computing headsets. The platform enables users to watch immersive 3D short videos similar to TikTok or Instagram Reels, but with a focus on spatial computing devices such as Meta Quest. Users can easily create and share their own content, with the added capability to convert 2D videos into a 3D experience using Rival’s unique AI model, solving the content gap that often limits headset engagement. Founded by Alexander Oppermann, an entrepreneur with a background in private equity, and Konrad Melzer, a…

North Carolina lawmakers have introduced bills in the House and Senate that could see the state’s treasurer allocate up to 5% of various state retirement funds into cryptocurrencies such as Bitcoin.The Investment Modernization Act (House Bill 506), introduced by Representative Brenden Jones on March 24, would create an independent investment authority under the state’s Treasury to determine which digital assets could be suitable for inclusion into the state retirement funds.An identical bill, the State Investment Modernization Act (Senate Bill 709), was introduced into the state’s Senate on March 25.The bills define a digital asset as a cryptocurrency, stablecoin, non-fungible token…

Recently, after much speculation from the crypto community, Trump’s DeFi project—World Liberty Financial—has officially launched its own stablecoin named USD1, pegged 1:1 to the US dollar. The project promises to bring a fresh wave of innovation and drive the mainstream adoption of DeFi and cryptocurrency in the broader financial landscape.New launching USD1 – what is it?Recently, World Liberty Financial (WLFI) has officially launched USD1, a stablecoin pegged to the US dollar, fully backed by US Treasury Bills (T-Bills), USD deposits, and other liquid assets.Meet USD1 — the stablecoin your portfolio’s been waiting for.Built for institutions and retail alike. Backed by…

Custodia Bank and Vantage Bank have announced the launch of what they describe as the first-ever U.S. bank-issued stablecoin deployed on a permissionless blockchain.On March 25, Custodia revealed that it had tokenized U.S. dollar demand deposits and issued the stablecoin “Avit” on Ethereum using the widely adopted ERC-20 token standard.“A new U.S. dollar payment rail has now been activated inside the U.S. banking system,” Custodia declared in its announcement.U.S. Banks Can Issue Tokenized Deposits on Public BlockchainsCustodia said that the development demonstrates that federally regulated banks can compliantly issue tokenized deposits on public blockchain networks.“We broke ground on the legal/regulatory…

GameStop Corporation is making its move into crypto with plans to invest part of its multibillion-dollar cash reserve into Bitcoin and stablecoins. After a unanimous approval from its board of directors, GameStop confirmed it will allocate a portion of its corporate cash, and potentially future debt issuances, toward acquiring digital assets like Bitcoin, a March 25 CNBC report claimed. The strategy was outlined in GameStop’s fourth-quarter earnings report, which noted the company’s updated investment policy now permits holding certain cryptocurrency assets. The report explicitly named Bitcoin and stablecoins as part of its new treasury approach. “The Company’s investment policy permits investments…

Pump.fun’s new decentralized exchange, PumpSwap, has reached $1.52 billion in trading volume just a week after launch. Dune Analytics data shows that PumpSwap DEX has handled more than 14 million swaps, bringing in a total of $3.03 million in fees. The current 0.25% trading fee structure allocates 0.20% to liquidity providers and 0.05% to the protocol. However, this will change after Creator Revenue Sharing is implemented. The majority of PumpSwap transactions are small despite the high trading volume. According to data from Flipside, 21.40% of trades are between $10 and $100, while 65.22% involve amounts under $10. 441,000 wallets are…