Peter Thiel-backed Augustus has received conditional approval from the Office of the Comptroller of the Currency to establish Augustus Bank, N.A. as a full-service US national bank. Summary Augustus received conditional OCC approval to form a US bank for AI and stablecoin payments. The company says its bank will serve machine agents, global institutions, and
Crypto majors held their ground on Tuesday even as the macro tape turned sharply against risk assets. Bitcoin BTC$81,247.12 traded just over $81,000 in Asian morning hours Tuesday after briefly touching $82,026 overnight. Solana (SOL) and DOGE$0.1100 were the standouts among the majors, up as much as 2% on the day. BNB added 1.7% to
Morgan Stanley launched a crypto price war on E*Trade at 50 basis points, undercutting Coinbase and Schwab. Summary Morgan Stanley launched a pilot on May 6 allowing E*Trade users to trade Bitcoin, Ether, and Solana at 50 basis points per trade via Zerohash. The fee undercuts Schwab’s 75bps, Fidelity’s 1%, and Coinbase’s retail rates, prompting
Bitcoin price hovered in a tight range around 82,000 today, extending a week of steady but cautious gains as structural forces, not retail hype, set the tone for the market. At time of writing, Bitcoin price trades near 82,000, up about 0.65% from Sunday morning but still roughly 22% below its level a year ago
Ronin Ethereum is migrating to a Layer 2 on May 12 with roughly 10 hours of scheduled downtime. Summary Ronin will hard fork at block 55,577,490 on May 12, transitioning from an independent sidechain to an Ethereum Layer 2 on the OP Stack. All transfers, swaps, and smart contract interactions will pause for roughly 10
Tom Lee has slowed Bitmine ETH purchases after the firm amassed over 5.2 million tokens and 4.3% of Ethereum’s supply. Summary Bitmine bought 26,659 ETH last week, worth roughly $63 million, down from over 100,000 ETH in each of the prior three weekly periods. Tom Lee said the previous pace would have taken Bitmine to
Bitcoin price is holding above $80,000 as prediction markets price a Russia-Ukraine ceasefire at near-certainty, and the question of whether that signal is real or a diplomatic mirage is now the single most important variable in the crypto market analysis. At the time of writing, BTC USD is trading at $80,600, up roughly +0.2% over
Crypto compliance demand is surging as AI fraud evolves faster than firms can respond, Sumsub CEO Andrew Sever says. Summary Sumsub CEO Andrew Sever told Consensus Miami that sophisticated AI fraud attacks on crypto firms increased 180% year over year. Only 23% of crypto companies are ready to comply with new identity and fraud rules,
Corpay has launched stablecoin wallets for its 800,000 business clients through a new partnership with BVNK. Summary Corpay’s integration with BVNK lets clients hold, send, receive, and convert stablecoins alongside fiat balances inside its platform. The S&P 500 firm processes over $12 billion in corporate payments and $26 billion in FX volume monthly across 145
When Strategy (MSTR), the largest publicly traded company holding bitcoin, first floated the idea of selling its bitcoin stash to fund its dividend obligations during its recent earnings call, it raised concerns among investors and the crypto community. However, executive chairman Michael Saylor sat down with CoinDesk senior analyst James Van Straten at Consensus in
