Hut 8 Corp. has unveiled the launch of American Bitcoin Corp., a new venture focused on large-scale Bitcoin mining. The venture is in collaboration with Eric and Donald Trump Jr.
The goal is to become the largest and most efficient pure-play Bitcoin miner, while also establishing a strategic Bitcoin reserve. It marks a significant shift in Hut 8’s operations as it transfers most of its ASIC miners to American Bitcoin.
American Bitcoin is now the sole operator of Hut 8’s Bitcoin mining activities. Hut 8 remains serving as the exclusive partner for infrastructure and operations. The reorganisation is designed to support long-term growth.
The leadership of American Bitcoin includes Mike Ho as Executive Chairman, Matt Prusak as CEO, and Eric Trump as Chief Strategy Officer. Hut 8 will provide critical services such as ASIC colocation and managed services.
The partnership aims to significantly strengthen both companies’ positions in the rapidly growing Bitcoin sector.
Mati Greenspan, CFO of Quantum Expeditions, highlighted the significance of the Trump family’s involvement. He noted that it signals strong potential for investment in Bitcoin infrastructure.
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Binance has introduced Apple Pay and Google Pay as new payment options for depositing EUR via credit and debit cards. The feature is available on both the Binance website and mobile app, in Lite and Pro modes.
By integrating these popular digital wallets, Binance aims to offer users an easier way to fund their accounts for cryptocurrency trading.
To use these payment options, Binance users must log in and select the EUR deposit option. After choosing either Apple Pay or Google Pay, users can enter the amount they wish to deposit.
Mobile users must update their Binance app to the latest version to access the new payment methods.
In addition to this feature, Binance has been actively securing investments and enhancing its services. The exchange secured a USD 2 billion investment from Abu Dhabi’s MGX in March 2025.
It marks the largest institutional investment in a cryptocurrency firm. Binance has also been involved in a legal battle with the SEC, seeking a 60-day delay in the ongoing lawsuit.
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California has amended its money transmission bill to include significant protections for Bitcoin and crypto investors. The focus is on securing self-custody rights for the state’s 40 million residents.
Originally introduced as the Money Transmission Act, the bill has now been renamed ‘Digital Assets.’ It aims to ensure that digital assets are recognised as valid payment forms in private transactions.
The updated legislation guarantees Californians the right to self-custody their digital assets. It also prohibits public entities from restricting or taxing them based solely on their use as payment.
Additionally, it expands the state’s Political Reform Act to prevent public officials from engaging in digital asset transactions that could create conflicts of interest.
California’s bill positions the state as a potential leader in setting national policy for digital assets. Dennis Porter, CEO of Satoshi Action Fund, suggested that if successful, similar legislation could spread across the US.
Currently, 99 merchants in California accept Bitcoin payments. Major crypto firms, such as Ripple Labs and Solana Labs, are also based in the state.
Meanwhile, a stablecoin-related bill has been introduced to provide clearer regulations on stablecoin collateral and security audits. The rise in Bitcoin-related legislation continues across the country, with 95 bills introduced in 35 states.
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Japan’s Financial Services Agency (FSA) is preparing to introduce a major regulatory shift by classifying cryptocurrencies as financial assets. The plan includes bringing digital assets under insider trading laws.
The changes will align cryptocurrencies with regulations for stocks and other traditional financial instruments. The FSA is currently working on amending the Financial Instruments and Exchange Act to implement these changes.
The proposed amendment may be submitted to the parliament of Japan as early as next year. It reflects a broader global trend of increasing regulatory oversight for digital assets.
The US Commodity Futures Trading Commission (CFTC) has taken similar steps. It recently announced that digital asset derivatives will be regulated like other financial products. The FDIC allows banks to engage in crypto transactions without prior approval if they manage risks effectively.
The Office of the Comptroller of the Currency (OCC) has issued guidance for banks on cryptocurrency integration. Institutions must implement appropriate risk management measures in their operations.
FDIC Acting Chairman Travis Hill called it a shift toward a more secure crypto environment. The developments highlight a growing global recognition of digital assets and the need for comprehensive regulatory frameworks.
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UK authorities have frozen nearly $7.7 million worth of illicit cryptocurrency assets in just one year, according to recent reports. The largest freeze, amounting to $2 million, targeted a wallet hosted on Coinbase.
The National Crime Agency (NCA) and police have been granted special powers to freeze, seize, and destroy cryptocurrencies connected to criminal organisations. The powers allow law enforcement to freeze crypto wallets for up to three years.
Despite the $7.7 million being small compared to global crypto transactions, experts believe UK authorities are making significant progress. The government devotes more resources to combating money laundering and terrorism financing.
However, challenges persist, as many suspects are foreign nationals. Additionally, criminals often use private wallets to hide illicit funds.
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The Federal Deposit Insurance Corporation (FDIC) has introduced new guidance, allowing FDIC-supervised institutions to engage in crypto-related activities without prior approval. It reverses the restrictions that previously limited banks’ involvement with crypto firms.
The updated guidance, outlined in Financial Institution Letter (FIL-7-2025), rescinds a 2022 directive. The previous directive required banks to notify the FDIC before engaging in digital asset activities.
The policy change follows the release of FDIC documents. These documents revealed efforts by the FDIC to pressure banks into severing ties with crypto businesses.
Acting FDIC Chairman Travis Hill welcomed the shift, stating it represents a break from past practices. He added that this new approach would allow banks to engage with crypto and blockchain activities. However, they must manage associated risks effectively.
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BlackRock’s launch of its European Bitcoin exchange-traded product (ETP) is considered a major moment in Bitcoin’s global adoption. Analysts, however, expect more modest inflows compared to its US counterpart.
The iShares Bitcoin ETP began trading on 25 March on Xetra, Euronext Amsterdam, and Euronext Paris, allowing European investors to gain exposure to Bitcoin.
Bitfinex analysts noted that the product is unlikely to mirror the success of the US-based iShares Bitcoin Trust exchange-traded fund (ETF). They pointed out that the US ETFs benefited from institutional demand and a larger capital market.
BlackRock’s global reputation and substantial assets under management may drive further interest in Bitcoin investment products across Europe.
Despite expectations of lower inflows, the company’s presence in the market may lead to long-term success. As regulatory clarity improves, more institutional capital may enter the crypto space.
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Panama has unveiled a new draft bill aimed at regulating cryptocurrencies and establishing a legal framework for blockchain-based services. The proposed law seeks to position the country as a leader in fintech in Latin America. It provides a clear structure for digital assets in financial transactions.
Under the bill, cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and stablecoins are legally recognised as valid payment methods for goods, services, and debt settlements.
The legislation also mandates licensing requirements for Virtual Asset Service Providers (VASPs), including exchanges and wallets. These providers would need to register with Panama’s Financial Analysis Unit (UAF).
The bill addresses compliance measures, enforcing Know-Your-Customer (KYC) regulations. It enforces anti-money laundering (AML) regulations in line with international financial standards. Non-compliant entities face administrative sanctions or criminal penalties.
In addition to financial regulation, the bill encourages the use of blockchain technology in public administration. It includes digital identity systems and tokenized securities, promoting transparency and reducing inefficiencies.
The legislation also recognises smart contracts as legally enforceable, paving the way for innovative financial products and automated business processes.
The proposal marks a significant shift from previous crypto legislation in Panama, which faced partial vetoes in 2022. The draft bill is now under review in the National Assembly, with potential amendments before a final vote.
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The European Insurance and Occupational Pensions Authority (EIOPA) has proposed that insurance firms must fully back their cryptocurrency holdings with capital. The recommendations are intended to address the ‘inherent risks and high volatility’ associated with digital assets.
EIOPA presented four regulatory options, with its preferred choice requiring insurers to assume a total loss on crypto holdings. It would mean a far stricter standard than those applied to traditional assets such as stocks and real estate.
Stocks face capital charges ranging from 39% to 49% under existing solvency capital regulations. In contrast, real estate is subject to a lower charge of 25%.
The proposed measure aims to bridge a regulatory gap between the Capital Requirements Regulation (CRR) and the Markets in Crypto-Assets Regulation (MiCA). EIOPA stated that an 80% stress level for crypto holdings would not be ‘sufficiently prudent’.
Luxembourg and Sweden could be the most affected if the proposal is adopted. They account for the largest share of crypto-related insurance undertakings in Europe.
Despite crypto holdings currently making up just 0.0068% of total insurance-related assets in the EU, EIOPA stressed the potential for future growth and the need for stringent safeguards.
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US lawmakers introduced the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act. The aim is to strengthen the regulation of stablecoins.
A proposal aims to ensure that dollar-backed digital tokens comply with transparency standards, helping to protect consumers and enhance operational clarity.
The bill is a part of a larger push for stablecoin regulation, with bipartisan support from the Senate. It is under review by the Senate, while the House continues refining its version.
President Donald Trump urged lawmakers to pass stablecoin legislation before the August 2025 recess. A shift from informal issuance to formal financial infrastructure signals that stablecoins may soon face the same scrutiny as traditional financial products.
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