US Weekly Jobless Claims Lower Than Expected
On March 5, U.S. initial jobless claims for the week ending Feb. 28 totaled 213,000—marking a new high since the week of Feb. 7, and below market expectations of 215,000. (Forex168)
1 minutes ago
Crypto-Friendly Bank Revolut Applies for US Banking License, Aims to Build Global Digital Bank
On March 5, crypto-friendly financial firm Revolut filed an application for a U.S. banking charter with the Office of the Comptroller of the Currency (OCC).
If approved, the company would operate in the U.S. like a traditional bank, gaining direct access to core payment networks including Fedwire and the Automated Clearing House (ACH).
The charter would also let Revolut roll out additional banking services—such as credit cards and personal loans. Currently, Revolut offers account and payment services in the U.S. via a partnership with Lead Bank, though it does not hold its own banking charter.
Valued at roughly $75 billion, Revolut has noted the U.S. market is a key region for its global growth. A successful charter would mark one of its biggest regulatory milestones outside Europe.
1 minutes ago
OKX CEO: Partnership with ICE to Explore Tokenized Securities, ICE to Join OKX Board
On March 5, OKX Founder and CEO Star Xu announced in a social media post that the exchange’s partnership with Intercontinental Exchange (ICE) represents a major milestone for the digital asset market’s evolution. As the operator of global financial infrastructure including the New York Stock Exchange (NYSE), ICE’s investment in OKX and board representation underscore both parties’ shared conviction that digital asset technology will have a long-term role in the future financial system.
Xu noted the two will focus on exploring development paths for new financial infrastructure—including tokenized securities—allowing traditional assets to reach global investors via digital platforms, while integrating the governance, market structure, and regulatory frameworks traditional exchanges have long built.
He added that as blockchain boosts global asset circulation and settlement efficiency, and AI reshapes market data analysis and risk management, future financial infrastructure must balance
1 minutes ago
OKX CEO: Collaboration with ICE Will Connect Crypto Assets to Stock Market, Building a More Reliable Market Structure
On March 5, OKX Founder and CEO Star Xu announced that the exchange’s partnership with Intercontinental Exchange (ICE) will pair OKX’s digital asset execution technology with ICE’s regulated market infrastructure.
Both OKX and ICE operate high-performance matching engines with transparent order books. Together, the firms plan to:
- Co-build a more robust market structure
- Bridge digital assets and equities markets
- Improve cross-market price discovery
- Meet institutional-grade risk management and compliance requirements
Earlier today, crypto media outlet BlockBeats reported that ICE—the parent company of the New York Stock Exchange (NYSE)—has invested in OKX, valuing the crypto exchange at approximately $25 billion in its latest funding round.
1 minutes ago
Tether Strategic Investment in Cross-Border Payment Company Axiym to Drive USDT Adoption in Global Payment Systems
March 5 — Stablecoin issuer Tether announced a strategic investment in fintech firm Axiym to boost USDT adoption in global payment and settlement systems and enhance cross-border payment efficiency.
Axiym is building a global distributed fund and settlement infrastructure that embeds financial services into a compliant payment ecosystem and supports the "Pay Now, Settle Later (PNSL)" post-settlement model. The system will also seamlessly integrate USDT fund flows, enabling payment companies to use USDT directly in their existing fund management systems without additional settlement pathways or complex infrastructure.
Axiym’s distributed settlement network currently covers 140 countries and 70 currencies, supporting real-time settlement between payment processors and global payment aggregators. Its goal is to make cross-border fund flows more instant, predictable, and efficient.
Tether CEO Paolo Ardoino noted the investment will expand USDT’s practical applications in advanced
1 minutes ago
Trump Backs Crypto Industry, but Struggles to Shake Wall Street's Ground: Stablecoin Yield Battle Emerging as Key Hurdle to US Legislation
**March 5**
U.S. President Donald Trump took to Truth Social this week, vowing he won’t let the banking industry “undercut America’s robust crypto agenda.” He’s urging Wall Street to strike a deal with the crypto sector to advance the stalled Digital Asset Market Structure Bill in the Senate.
The legislation is bogged down by a core rift: whether crypto exchanges can offer yields to stablecoin holders. Banks warn the move could prompt depositors to shift funds from traditional accounts to stablecoin products, eroding the industry’s deposit base and crimping credit supply.
While Trump has publicly backed the crypto industry, insiders doubt his stance will alter Senate voting dynamics. Senate Banking Committee member Thom Tillis noted the president’s voice won’t shift banks’ position on risk concerns.
The crypto community, however, argues Trump’s intervention could pressure banks to concede in negotiations. Senator Cynthia Lummis pointed out that if banks take too hard a line
1 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
