Search results for JupUSD
Crypto
BlackRock urges changes to GENIUS Act implementing rules amid differences with OCC
BlackRock has urged the U.S. Office of the Comptroller of the Currency to withdraw a provision that would cap tokenised assets at 20 percent of stablecoin reserve assets, saying the limit is unnecessary. It said reserve-asset risk should be judged by liquidity, maturity and credit quality, not whether assets are tokenised. BlackRock also asked for clarity on what qualifies as eligible reserves, including whether Treasury ETFs qualify, and proposed adjustments to diversification options in the draft rules.
Crypto
Parafi Capital invests $35 million in Solana-based Jupiter
Parafi Capital invested $35 million in Solana-based on-chain trading and liquidity protocol Jupiter, Cointelegraph reported on Sunday. It is the first time Jupiter has raised outside capital after growing through a bootstrapped approach. The deal involved buying tokens at market price, with no discount and a long-term lockup. It also included warrant terms allowing Parafi Capital to buy additional tokens later at a higher price.
Crypto
Institutional money fails to lift Solana price, stuck at two years ago levels
Total net assets in U.S.-listed spot Solana exchange-traded funds rose above $1 billion in early 2026, but Solana’s price has not met investor expectations. The token has fallen more than 50 percent over the past year and is trading around levels from about two years ago. Institutional developments include new stablecoins and growing tokenised assets on Solana, yet analysts point to a lack of retail participation as a key reason for limited price recovery.
