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Crypto Biz: ARK drops bid for spot Ether ETF, miners adapt after halving, and more

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This week’s Crypto Biz explores ARK Invest’s partnership with 21Shares, Galaxy Digital’s tokenized loan for Animoca Brands, Avail’s fundraising, the Toposware acquisition, and Bitcoin miners’ first reports since the halving.

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Coin Market

US OCC calls on community banks to become payment stablecoin issuers

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The announcement followed the banking regulator finalizing its rules for the GENIUS Act, a stablecoin law to be implemented in January

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Coin Market

Injective launches onchain futures market tracking Nvidia GPU rental costs

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The new index tracks rental prices for five Nvidia GPUs, offering leveraged trading and potential hedging against fluctuations in AI computing costs.

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Coin Market

Canada opens consultation on stablecoins, citing US GENIUS Act

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As part of the potential implementation of its Stablecoin Act, the Canadian government will hear from the public on a proposed framework for tokens from non-financial institutions.

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