England’s Prudential Regulation Authority, which oversees lenders, is expected to grant Revolut a banking licence as soon as this week, according to Financial Times. The approval would mark a significant milestone for the fintech company’s expansion into regulated banking services in the UK market.
Archives: Fast News
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USDC and cross-chain transfer protocol now live on Morph network
Circle’s USDC stablecoin and cross-chain transfer protocol (CCTP) are now integrated with Morph, enabling developers and traders to access the regulated digital dollar for payments, DeFi trading, and lending with 24/7 settlement. Users can move USDC seamlessly between Morph and other supported blockchains through CCTP. The integration expands USDC’s native support to 32 blockchains total, with cross-chain functionality across 21 networks. Early adopters on Morph include Bitget, BulbaSwap, and Stargate Finance.
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Public company Strive acquires 179 more BTC, total holdings reach 13,311 bitcoin
Strive, a publicly traded company, has purchased an additional 179 BTC, bringing its total bitcoin holdings to 13,311 coins. The acquisition reflects ongoing institutional interest in accumulating Bitcoin as part of corporate treasury strategies. At current market prices around $70,173, Strive’s holdings represent a significant Bitcoin position among public companies.
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EdgeX exchange integrates Chainlink for cross-chain infrastructure
EdgeX, a perpetual futures DEX processing billions in daily trading volume, has adopted Chainlink as its canonical cross-chain infrastructure. The EDGE token is now a Chainlink Cross-Chain Token (CCT), enabling Chainlink CCIP to power asset transfers across the EdgeX ecosystem. This integration covers all assets bridged for spot listings on the platform.
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Mastercard launches crypto partner program with 85 companies
Mastercard has launched a Crypto Partner Program aimed at developing cross-border payment solutions, B2B payments, and global payouts with 85 cryptocurrency companies. The initiative brings together major players in the crypto and payments space to create infrastructure for institutional and enterprise use cases. The program reflects continued efforts by traditional payment networks to integrate blockchain technology into their existing financial services.
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Bipartisan Senate deal on stablecoin yield could break CLARITY Act deadlock
A bipartisan Senate proposal on stablecoin yield regulations has emerged as a potential path forward in breaking the legislative deadlock surrounding the CLARITY Act. The deal addresses how stablecoin issuers can offer yield on their products while maintaining regulatory compliance. The proposed framework could reshape how digital asset protocols operate in the United States, with particular implications for tokens used in payment and settlement functions.
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Ledger reveals vulnerability in MediaTek chips that can quickly steal mnemonic phrases from Android hot wallets
Ledger announced a serious vulnerability in the MediaTek Dimensity 7300 chip.
This flaw allows attackers who physically access the affected Android devices to quickly steal hot wallet seed phrases.
The risk is applicable to Android smartphones that use the vulnerable MediaTek chip.
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RWA transfers on XRP Ledger surge by 1,282% in one month
In the last month, XRP Ledger recorded a remarkable 139.85 million USD in RWA transfers, reflecting a 1,282% increase. This surge showcases the growing recognition of XRP Ledger for handling tokenized assets within the financial sector.
The majority of RWA activity comes from a small group of 22 large holders, predominantly institutional players. Concerns arise regarding potential impacts on the network should these major holders alter their actions, emphasizing the need for vigilance.
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Mastercard introduces digital asset program for global B2B payments and cross-border transactions
The new program aims to leverage the capabilities of digital currencies to streamline international payment processes, specifically for businesses engaging in cross-border transactions.
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Ledger researchers uncover Android vulnerability allowing wallet seed extraction
Ledger’s Donjon security team disclosed a MediaTek Android flaw that could enable attackers to extract PIN codes and wallet seed phrases within seconds. The vulnerability affects devices running the MediaTek chipset, potentially exposing users to rapid seed compromise without requiring physical access to Ledger hardware itself. Ledger researchers published technical details to alert the broader security community and encourage patching across affected Android devices.