For years, broker acquisition has been built around a handful of easy-to-track numbers: leads generated, cost per lead, cost per acquisition and, above all, first-time deposits. But those metrics can say surprisingly little about whether a newly acquired trader will remain active, trade sustainably or ultimately generate long-term value for the business. A large first
Circle Internet Group added roughly $1.75 billion in market capitalization during Wednesday’s trading session as investors piled into crypto-linked stocks following President Donald Trump’s White House meeting with industry executives and the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission.Circle shares closed at $78.59 on August 19, up 9.56% for the
Tether would need to restructure roughly one-quarter of its approximately $190 billion reserve portfolio for USDT to satisfy the U.S. GENIUS Act’s reserve-asset requirements, based on the stablecoin issuer’s latest disclosed holdings and the assets permitted under the new federal framework.Tether reported approximately $187.75 billion of assets backing its tokens as of June 30, against
Cybersecurity firm Rapid7 has uncovered Operation ASTERIX, a cryptocurrency fraud campaign that combined mass account enumeration, phishing emails, targeted phone calls and counterfeit wallet applications to steal users’ recovery phrases. Rapid7 Labs discovered the operation after finding an exposed web directory on infrastructure being used by the attacker. The misconfiguration provided researchers with an unusually
U.S.-listed crypto exchange-traded funds remained net buyers on August 19, with currently reported data showing approximately $184.4 million flowing into Bitcoin, Ether and Solana products as cryptocurrency markets staged one of their strongest rallies of the month.Spot Bitcoin ETFs recorded a provisional $164.2 million in net inflows, according to Farside Investors. The total extends the
The U.S. Office of the Comptroller of the Currency is targeting November to finalize its principal regulations implementing the GENIUS Act, accelerating work on the federal framework that will govern payment stablecoin issuers as the law approaches its effective date. Comptroller of the Currency Jonathan Gould disclosed the timetable Wednesday at the Wyoming Blockchain Symposium,
Crypto exchange OKX has restricted employees in Hong Kong and staff traveling through China from using Anthropic’s Claude after its corporate account was temporarily suspended, even as the company spends between $6 million and $8 million every month across multiple artificial-intelligence models.The restriction followed a brief suspension of OKX’s corporate Anthropic account in early August,
President Donald Trump said the United States has discussed acquiring “sizable” amounts of Bitcoin and other cryptocurrencies, raising the prospect of direct government accumulation beyond the digital assets it already controls.Trump made the comments during an August 19 White House event attended by cryptocurrency executives and senior financial regulators. Asked whether his administration was considering
Bitcoin traders have dramatically increased their expectations that the cryptocurrency will reach $70,000 before the end of August after a sudden rally sent BTC up roughly 7% in about one hour on Wednesday. The probability of Bitcoin touching $70,000 during August climbed to approximately 72% on Polymarket during the rally, according to market data reported
Ethereum surged roughly 10% on Wednesday, August 19, breaking above $2,100 as a violent short squeeze swept through cryptocurrency derivatives markets and improving macroeconomic conditions triggered renewed demand for risk assets. Ether climbed from below $1,900 to above $2,100 during the session, reaching its highest level in months and decisively clearing the psychologically important $2,000