Celsius founder Alex Mashinsky reaches $10 million FTC settlement with lifetime crypto industry ban
Celsius founder Alex Mashinsky faces a $4.7 billion FTC judgment with a $10 million immediate payment and lifetime ban from crypto and financial services. Already serving 12 years for fraud and token price manipulation, the settlement includes stringent reporting requirements. This underscores regulatory crackdowns on deceptive crypto lending practices that devastated Indian and global investors.
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Stable Sea integrates WisdomTree tokenized Treasury fund for corporate cash management
Stable Sea has integrated WisdomTree's tokenized US Treasury money market fund (WTGXX) to help corporate clients earn yield on idle cash through blockchain settlement. The fund holds $857.64 million in assets with a 3.43% daily yield. This integration reflects growing institutional adoption of tokenized money market funds as alternatives to traditional treasury management, with major players like BlackRock and Franklin Templeton also expanding offerings.
Meta begins offering USDC creator payouts to crypto wallets on Solana and Polygon blockchains
Meta now enables creators to receive payouts in USDC stablecoin via Solana and Polygon wallets. The tech giant partners with Stripe for crypto payments, supporting MetaMask, Phantom, and Binance wallets. This marks Meta's return to digital assets after shuttering its Diem project. Creators can convert USDC to local currency, though they must ensure wallet compatibility to avoid fund loss.
Fed chair Jerome Powell says he will stay on as Govenor after term amid legal pressure
During a press conference following the Fed's interest rate decision, Powell said ongoing scrutiny and political tension forced him to stay, despite his plans to step down....