The pre-A round funding includes Binance Labs, Alameda and other crypto-centric investment teams as backers. Author: Shaurya Malwa

By tapping into its bitcoin reserves, UST’s salvation may have exacerbated a bitcoin sell-off that brought BTC to its lowest price since July 2021. Author: Sam Kessler, Danny Nelson

The U.S. government again named stablecoins as a potential threat to the stability of the financial system, with both the Federal Reserve and a senior Treasury official saying Monday that the tokens are vulnerable to runs. Author: Jesse Hamilton

Author: Jessica Klein

Bitstamp, Europe’s largest crypto exchange, has appointed former chief compliance officer JB Graftieaux as its new CEO following the departure of Julian Sawyer. Author: Jamie Crawley