Crypto Treasury Execs Say Basel Risk Weights for Crypto Need Updating

Crypto treasury executives are calling on the Basel Committee on Banking Supervision (BCBS), an international banking regulatory body, to revise the 1,250% risk weight for Bitcoin and other cryptocurrencies under the Basel III framework. The 1,250% capital requirement means that banks must back any Bitcoin (BTC) on their balance sheets at a 1:1 ratio with approved collateral, making BTC holding more costly than other asset classes. For comparison, cash, physical gold and government debt carry a 0% risk weight under the Basel III framework. Basel III risk weights for different…

US Supreme Court Tariff Ruling Steals The Show As Bitcoin Sticks To $67,000

Bitcoin (BTC) saw choppy price action after Friday’s Wall Street open as markets reacted to the US Supreme Court decision on President Donald Trump’s trade tariffs. Key points: The US Supreme Court rules that certain US tariffs are illegal, sparking a modest risk-asset response. US inflation data further cuts market hopes of a March interest-rate cut. Bitcoin price action stays rooted in a firm range, with consensus seeing bears “in control.” Supreme Court ruling attacks Trump tariffs Data from TradingView showed $67,000 forming a focus for BTC price action, while…

Stablecoin A7A5 Grows Parallel System for Sanctioned Companies

As cryptocurrency is becoming increasingly intertwined with the traditional financial world, it’s also forming the foundation of a parallel, shadow financial system. A January report from TRM Labs found a surge in illicit or illegal crypto use to an all-time high of $158 billion. This included a massive increase in crypto flows related to sanctions evasion. This was led primarily by A7A5, a Russian ruble-based stablecoin launched by Russia-based company A7. Some $39 billion in sanctions-related crypto flows were attributed to the A7 wallet cluster. Far from a small, underground…

Tether USDT Set for Biggest Monthly Decline Since FTX Collapse

Tether’s USDT, the world’s largest US dollar-pegged stablecoin, is heading for its steepest monthly decline in years as large holders step up redemptions, according to blockchain data. The circulating supply of USDt (USDT) fell by about $1.5 billion so far in February, following an $1.2 billion decrease in January, according to Artemis Analytics data reported by Bloomberg. This puts USDT on track for the biggest monthly drop in three years, weeks after the collapse of cryptocurrency exchange FTX in November 2022. The USDT supply logged a $2 billion decrease in…

South Korea Delays Bithumb Probe Over $43B Bitcoin Mishap

South Korean lawmakers are stepping up pressure on financial regulators after crypto exchange Bithumb mistakenly credited customers with Bitcoin it did not hold, an error that briefly sparked a rush to sell and renewed questions about oversight of the country’s fast-growing digital-asset market. Lawmakers said the Financial Services Commission (FSC) failed to detect critical flaws in Bithumb’s internal systems despite at least three inspections since 2022, The Korea Times reported Thursday. Representative Kang Min-guk of the main opposition People Power Party said the incident was more than a technical mishap,…

Crypto, Banks Meet Again to Move Forward Crypto Bill

The White House has reportedly refocused talks between crypto and bank lobbyists on limiting how stablecoin rewards should be paid in the third meeting between the two groups over a crypto market structure bill. Crypto and banking industry representatives met at the White House on Thursday for the third time in 16 days to discuss stablecoin provisions that have stalled the crypto bill which the Senate is looking to pass. No agreement was reached on Thursday, but executives at Coinbase and Ripple said progress was made as one of the…

Bitdeer Stock Drops 17% on $300M Convertible Note Sale

Shares in Bitdeer Technologies Group took a hit on Thursday after the Bitcoin mining and artificial intelligence infrastructure firm announced a $300 million convertible senior note offering.  Bitdeer said that it intends to offer a “principal amount” of $300 million in convertible senior notes with an option for purchasers to buy an additional $45 million in a private placement.  It is the second convertible note offering from the firm, following a $150 million offering in April 2024, which also caused an 18% stock slump.  Convertible senior notes are a loan…

Fed’s Neel Kashkari Says Crypto ‘Utterly Useless’

Neel Kashkari, the president of the US Federal Reserve Bank of Minneapolis, says that crypto is “utterly useless” in comparison to artificial intelligence and took a swipe at stablecoins, saying they don’t have many uses. Speaking at the 2026 Midwest Economic Outlook summit on Thursday, Kashkari drew comparisons between AI and crypto, saying the latter “has been around for more than a decade, and it’s utterly useless.” “AI has not been around very long, and people are using it every day,” he added. “This is demonstrating to me that this…

Illicit Stablecoin Activity Hit a Five-Year High in 2025

Illicit entities received around $141 billion via stablecoins in 2025, the highest level observed in the last five years, says blockchain analytics firm TRM Labs. TRM said in a report released on Tuesday that the increase doesn’t reflect a broader growth in crypto-enabled crime, but does show a “deeper reliance on stablecoins within specific activity types where they offer clear operational advantages.” Stablecoins have been particularly used in sanctions-linked networks and large-scale money movement services, it said.  Sanctions-related activity accounted for 86% of all illicit crypto flows in 2025. Of…

Community Banks Saw $78M Net Outflows to Coinbase, KlariVis Study Finds

New analysis from banking data company KlariVis found that 90% of community banks in its sample had customers transacting with Coinbase. Across 53 banks where transaction direction could be determined, $2.77 flowed to the crypto exchange for every $1.00 returning, resulting in a net $78.3 million deposit shift over 13 months. The study reviewed 225,577 Coinbase-related transactions across 92 community banks and found that transfers were heavily concentrated in money market accounts, where 96.3% of identifiable transaction volume represented funds leaving banks for the exchange. “In general, community banks can…