hodler

28 May 2026, 22:32

Fidelity Digital Assets highlights 'growing evidence' of shift from dollar-based systems

The investment firm said nation-states and central banks are increasingly turning to assets like Bitcoin and gold as alternative settlement systems outside of US control.

28 May 2026, 22:30

BIS Tests Tokenized Bank Payments With Visa, JPMorgan, UBS and Deutsche Bank

The Bank for International Settlements and its partners are moving Project Agorá into real-value testing. The initiative aims to make cross-border bank payments faster and cheaper while keeping compliance checks inside the existing financial system. Project Agorá Links Central Banks on Unified Payment Ledger The Bank for International Settlements is preparing to test a blockchain-based

28 May 2026, 21:32

Bit Digital buys $20M worth of Ethereum, expands treasury to 158K ETH

The purchase pushed the Nasdaq-listed company ahead of Coinbase Global to become the fourth-largest public corporate holder of Ether, according to CoinGecko data.

28 May 2026, 20:44

'Make the U.S. Home': Bessent Pushes for Swift Crypto Legislation

Treasury Secretary Scott Bessent has issued a strong appeal to Congress to pass the Digital Asset Market Clarity Act.

28 May 2026, 20:33

Treasury Secretary Urges CLARITY Act Passage, Saying The US Should Be Home For Crypto

On Thursday, Treasury Secretary Scott Bessent urged Congress to pass the CLARITY Act, a bill that would provide the crypto industry with a regulatory framework and the long-awaited clarity it needs regarding the classification of digital assets. Bessent Presses Lawmakers To Pass The CLARITY Act In remarks at the White House, Bessent emphasized that the goal of the CLARITY Act should be to bring digital assets into the US rather than letting activity remain largely offshore. He said: The most important thing we can do is to make digital assets come into the United States. Make the US the home. I would encourage the House and the Senate to get Clarity done. Related Reading: Ethereum (ETH) Drops Below $2,000—Why Standard Chartered Still Expects $40,000 By 2030 Bessent’s comments also targeted what he called the “wild, wild west” environment for digital assets outside the US. He argued that much of the confusion and controversy surrounding crypto stems from a lack of clear rules when the activity is happening offshore. “When you look at digital assets, all the nonsense that happens, all the things you read about, that’s because it’s the wild, wild west offshore. So we got to bring it onshore,” he said, before urging lawmakers again to “get CLARITY Act done.” CBDCs Off The Table The push comes after the CLARITY Act moved forward in the Senate earlier this month. The Senate Banking Committee approved its portion of the legislation, building on progress from January, when the Agriculture Committee successfully voted on its version. With those committee steps completed, the CLARITY Act must clear a full Senate vote, complete the legislative reconciliation steps required to finalize the bill, and secure a final agreement between the House and the Senate before the measure can move to the President’s desk. Related Reading: Hyperliquid (HYPE) In The Spotlight: Grayscale’s Latest Report Says What Comes Next Bessent also addressed the administration’s broader crypto policy direction, including central bank digital currencies (CBDCs). He said the US would not adopt a Central Bank Digital Currency, stating, “There will be no Central Bank Digital Currency. That would be the first step toward tracking. We took that off the table.” Featured image created with OpenArt; chart from TradingView.com

28 May 2026, 20:15

Aave Secures FCA Approval for UK Crypto Operations

Aave Labs announced on May 28 that its two subsidiaries located in the United Kingdom, Push Labs Ltd. and Push Virtual Assets Ltd., have been granted registration by the Financial Conduct Authority (FCA) to operate as crypto asset exchange providers in the UK. The approval also gives the firms permission to issue electronic money under the UK’s Electronic Money Regulations 2011. Aave Pushes Deeper Into Regulated Crypto Services In a post published on X, Aave said the approvals would allow “regulated cryptoasset activities and payments infrastructure” in the UK, including stablecoin on- and off-ramping services. The companies were assigned firm reference numbers 1031720 and 1031721, while Push’s electronic money authorization carries reference number 900984. According to Aave founder Stani Kulechov, the setup will allow users to move fiat currency directly into the Aave ecosystem through what he described as a “vertically integrated zero-fee on-ramp.” He also linked the FCA registration to Aave’s broader regulatory plans in Europe, referencing the company’s MiCA license through the Central Bank of Ireland for operations across the European Economic Area. The announcement has come at a particularly busy time for the protocol. Earlier this week, it published a governance “Temp Check” proposal to deploy Aave V4 on Avalanche, including a dedicated liquidity hub for tokenized real-world assets. Former Ava Labs executive Luigi D’Onorio DeMeo wrote on X that Avalanche had a “huge opportunity” to build on-chain capital markets around the new version of the protocol. It has also come when the wider DeFi sector is facing renewed scrutiny after several major exploits this year. Things have gotten so bad that yesterday, OpenZeppelin co-founder Manuel Aráoz warned users on X that he now considers “all DeFi unsafe.” He argued that AI-powered coding tools have tilted the balance too heavily in favor of attackers and named Aave as one of the platforms he no longer thinks is safe. Aave was indeed heavily affected by an exploit in April on KelpDAO. However, recent community discussion has focused on its response, with analyst Jose Fabrega praising Aave DAO for using roughly $58 million from its treasury to help cover losses tied to rsETH depositors after the incident. An April 25 report on the recovery effort showed Kulechov personally pledged 5,000 ETH toward the “DeFi United” initiative formed to stabilize markets after the exploit created a deficit of more than 100,000 ETH across connected protocols. AAVE Price Slips Despite news of the UK approval, data from CoinGecko showed that at the time of writing, Aave’s native AAVE token had dipped about 5% in 24 hours to trade at around $81. That figure also represented a nearly 10% drop during the last seven days, as well as a 17% fall over the past month. Still, Aave remains one of the largest DeFi lending protocols, with more than $13.6 billion in total value locked (TVL). The post Aave Secures FCA Approval for UK Crypto Operations appeared first on CryptoPotato .