Day: 11 December 2025

OCC Report Finds Major US Banks Debanked Crypto Firms Based on Reputation Risk

Quickbreakdown The OCC released preliminary findings that nine major U.S. banks restricted financial services to specific lawful industries, including the crypto industry. The practice, known as “debanking,” involved refusing services or applying heightened scrutiny based on reputational risk rather than objective financial risk. Comptroller Jonathan Gould stated that the banks’ ...

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Sui Labs Brings Blockchain to Remote Bhutan, Tests Internetless Infrastructure

Quick Breakdown  Sui Labs enables blockchain in remote Bhutan, relaying transactions via radio and drones without internet connectivity. Devices act as low-power cryptographic wallets, ensuring secure, verifiable, and tamper-proof data recording. Launch of suiUSDe stablecoin positions Sui as the first non-EVM blockchain with a native, yield-generating DeFi token.   Sui ...

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Galaxy Digital Expands to Abu Dhabi, Reinforcing Middle East Crypto Presence

 Quick breakdown Galaxy Digital opens an Abu Dhabi office under ADGM, expanding its Middle East crypto footprint. Focus on institutional-grade digital asset trading, blockchain infrastructure, and innovation. UAE expansion strengthens Galaxy’s global presence and regional partnerships.   Galaxy Digital Inc. has announced the opening of a new office and entity ...

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WSPN Partners with ArrivalX to Revolutionize Cross-Border Stablecoin Payments

Quick Breakdown  WSPN and ArrivalX partner to modernize cross-border payments using stablecoin technology. Businesses benefit from faster settlements, lower costs, and unified multi-currency management. Solution targets enterprises, e-commerce, SaaS, and crypto-native companies for global payment efficiency.   Worldwide Stablecoin Payment Network (WSPN), a leading stablecoin infrastructure provider, has announced a ...

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Sygnum Bank Teams Up with BNY Mellon to Strengthen Blockchain-Linked USD Settlements

Quick Breakdown  Sygnum becomes the first European digital bank to integrate USD settlements with BNY Mellon. Partnership bridges traditional finance and blockchain, enhancing institutional crypto operations. Clients gain faster, compliant cross-border payments and access to tokenized asset settlement rails.   Sygnum Bank has announced a strategic partnership with BNY Mellon ...

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Ascend Protocol Joins Chainlink Build to Advance On-chain Real-World Asset Market

Quick Breakdown  Ascend Protocol integrates with Chainlink Build to enhance onchain real-world asset infrastructure. PEAK token delivers real yield, utility, and governance for Ascend DAO. Permissioned Vaults enable ERC-3643 tokens to collateralize and access DeFi.   Ascend Protocol, the US-focused on-chain investment banking infrastructure for real-world assets (RWAs), has officially ...

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