Search results for Laser Digital
Crypto
Wise to reapply for federal trust bank charter under Genius Act framework
Wise, a London-headquartered cross-border remittance and foreign-exchange services company, will submit a new application for a U.S. federal trust bank charter under the Genius Act stablecoin framework after the Office of the Comptroller of the Currency rejected its original proposal. The Block reported the OCC said the initial filing did not align with new Federal Reserve policy on payment system master account access. Reuters reported Wise will reapply on July 24.
Crypto
Bitcoin holds above $81,000 but Middle East risk rattles crypto market
Bitcoin is holding above $81,000, but the broader crypto market is being driven more by Middle East geopolitical risk than by fundamentals. Investor caution rose after Iran rejected a peace plan under the Trump administration and Brent crude briefly topped $104 a barrel. Bitcoin climbed above $82,000 intraday and kept a monthly gain of more than 11 percent, but uncertainty around the Strait of Hormuz weighed on sentiment.
Crypto
Nomura says 65 percent of institutional investors see crypto as diversification asset
Japanese institutional investors are increasingly viewing cryptocurrencies as a tool for portfolio diversification, a survey by Tokyo-based Nomura and its crypto unit Laser Digital showed. Of respondents, 65 percent saw crypto as a diversification asset, while 31 percent were positive on the outlook over the next year, up from 25 percent in 2024. Many expect small allocations and gradual adoption, despite growing interest in staking, lending and tokenised assets.
