- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
New York Mellon Bank Launches Money Market Fund Designed for Stablecoin Issuers
BlockBeats News, November 13th, according to US media reports, BNY Mellon is launching a money market fund specifically designed for stablecoin issuers who need to comply with recent US stablecoin laws. The bank's BSRXX is one of the first funds tailored for stablecoin providers, aiming to provide them with an investment venue to deposit funds received when issuing new tokens, while complying with the "GENIUS Act" signed into law earlier this year by Trump. The law requires issuers of USD-backed digital tokens to invest their reserves in ultra-safe investments with a shorter duration than traditional money market funds. Stephanie Pierce, Deputy Head of BNY Mellon Investment Management, stated that the design of the new fund aims to meet the law's requirements by holding only securities with a maturity of 93 days or less.
You may also like
What the Tightest Part of the LALIGA Season Teaches About Crypto Trading Under Pressure
As pressure builds late in the LALIGA season, decision quality becomes the real differentiator. The same logic applies to disciplined crypto trading under volatility.
Massachusetts Judge Prohibits Kalshi from Offering Sports Bets
Key Takeaways A judge in Massachusetts has prohibited the prediction markets platform, Kalshi, from facilitating sports betting within…
Crypto’s Next Challenge: Privacy and the Chicken-Egg Dilemma
Key Takeaways Privacy is becoming a central issue as cryptocurrencies move into traditional banking and state-backed systems. Regulatory…
Original Content Blocked: Importance of API Management
Key Takeaways: API management is crucial in preventing disruptions due to excessive requests. Implementing effective controls and monitoring…
VF-26 Unveiled: Zoomex and TGR Haas F1 Team Enter New Phase of Collaboration in 2026
Key Takeaways The unveiling of the VF-26 race car marks a new phase in the TGR Haas F1…
If I Were the Founder of Kaito, How Would InfoFi 2.0 Survive?
Key Takeaways InfoFi’s collapse highlighted the dangers of relying heavily on centralized platforms. The InfoFi project faces five…
Why Can Coinbase Halt a CLARITY Act Vote with Just One Sentence?
Key Takeaways Coinbase CEO Brian Armstrong’s opposition to the Clarity Act halted a critical Senate vote, showcasing the…
Error Occurred Due to Excessive API Requests
Key Takeaways: – Excessive API requests can result in blocked access, highlighting the importance of managing request rates…
Only KYC Can Stop Insider Trading on Prediction Markets, Messari Says
Key Takeaways KYC regulations are essential in curbing insider trading on prediction platforms but are not foolproof. Non-KYC…
US Crypto Market Structure Bill Stalled as Industry Withdraws Support
Key Takeaways: The US crypto market structure bill has faced significant delays due to disagreements among lawmakers and…
Error Handling in the Age of APIs: A Thorough Insight
Key Takeaways API requests may face rate limits leading to error messages when exceeded. Proper API key usage…
Request Limitation Issues with API Integrations
Key Takeaways: Excessive requests can lead to blocked access when interfacing with certain APIs. Effective management of API…
WEEX Crypto News and the Dynamics of API Access
Key Takeaways Managing API access effectively is crucial for seamless data extraction in cryptocurrency markets. Understanding rate limits…
Meme Coins Tumble: WhiteWhale and Others Face Severe Losses
Key Takeaways WhiteWhale has experienced a significant decline, dropping by 75% from its peak. The market correction has…
Federal Judge Blocks SBF’s Second Request for Pretrial Release
Key Takeaways A federal judge has denied the second request from Sam Bankman-Fried (SBF) for pretrial release. The…
Market Correction Halts Meme Coin Rally: WhiteWhale Suffers Massive Losses
Key Takeaways WhiteWhale experiences a significant price drop, declining 75% from its peak. BlackWhale showing better performance, increasing…
Market Correction Sparks Unsettling Decline in Meme Coins
Key Takeaways The cryptocurrency market correction has significantly impacted meme coins, notably leading to a 75% drop in…
Meme Coin Market Faces Sharp Decline as WhiteWhale Falls 75%
Key Takeaways WhiteWhale has plummeted 75% from its peak amid the current market correction. Several meme coins, including…
What the Tightest Part of the LALIGA Season Teaches About Crypto Trading Under Pressure
As pressure builds late in the LALIGA season, decision quality becomes the real differentiator. The same logic applies to disciplined crypto trading under volatility.
Massachusetts Judge Prohibits Kalshi from Offering Sports Bets
Key Takeaways A judge in Massachusetts has prohibited the prediction markets platform, Kalshi, from facilitating sports betting within…
Crypto’s Next Challenge: Privacy and the Chicken-Egg Dilemma
Key Takeaways Privacy is becoming a central issue as cryptocurrencies move into traditional banking and state-backed systems. Regulatory…
Original Content Blocked: Importance of API Management
Key Takeaways: API management is crucial in preventing disruptions due to excessive requests. Implementing effective controls and monitoring…
VF-26 Unveiled: Zoomex and TGR Haas F1 Team Enter New Phase of Collaboration in 2026
Key Takeaways The unveiling of the VF-26 race car marks a new phase in the TGR Haas F1…
If I Were the Founder of Kaito, How Would InfoFi 2.0 Survive?
Key Takeaways InfoFi’s collapse highlighted the dangers of relying heavily on centralized platforms. The InfoFi project faces five…
App