Topic: #crypto-ecosystems
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Federal Reserve proposes reserve limits and capital standards for stablecoin issuers
The Federal Reserve proposed new reserve-asset limits and standardized capital requirements for stablecoin issuers, advancing implementation of the GENIUS Act signed into law last year with a January 2027 effective date.
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ORANGE JUICE raises $40M for permanent capital firm with bitcoin treasury
ORANGE JUICE, founded by bitcoin venture partners including Jeff Booth and Lyn Alden, raised $40 million to acquire and permanently own American businesses while building a bitcoin treasury, diverging from traditional private equity fund structures.
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KOR Protocol raises $7.5M Series A from 1kx, Blockchain Capital
KOR Protocol, an onchain creative asset clearinghouse built on Coinbase's Layer 2, raised $7.5 million in Series A funding from 1kx and Blockchain Capital. The platform has surpassed $2 million in gross revenue and counts over 1,000 partners including Black Mirror and Beatport.
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Radiant Capital Shuts Down After $50M Hack, 18-Month Recovery Fails
Radiant Capital announced Monday it is closing operations after 18 months of recovery efforts from an October 2024 exploit that drained roughly $50 million. The protocol said it hasn't recovered meaningful funds or raised fresh capital.