Trump issues executive order to reinforce control over Venezuelan oil proceeds

The post Grayscale Moves $25M in Crypto to Coinbase Prime appeared on BitcoinEthereumNews.com. Key Points: Grayscale moved $25M in ETH/SOL to Coinbase Prime. Transfer

The post Coinbase to list AUDD and XSGD stablecoins on September 29 appeared on BitcoinEthereumNews.com. Coinbase will start listing AUDD and XSGD, two fiat-backed local stablecoins, on September 29 at 19:00 UTC, according to an official update published by the company. These are the first Australian dollar and Singapore dollar stablecoins to be added to the platform, with trading available globally; no regions are geo-blocked. The company claims that this move is part of its plan to help onboard a billion people into crypto by giving users the ability to transact in familiar currencies. People in Australia and Singapore will be able to convert AUD to AUDD and SGD to XSGD without paying fees, according to Coinbase. Local stablecoins start gaining serious traction The stablecoin market is blowing up. It crossed $250 billion in market cap by June 2025, which is a 50% jump from the previous year. In 2024, these tokens processed more than $30 trillion in transactions. And that number’s still climbing. Analysts now expect stablecoins could grow into a $2 trillion asset class in the next few years. That growth is dragging in businesses too. In Coinbase’s State of Crypto report, 81% of crypto-aware small and mid-sized U.S. businesses said they want to start using stablecoins for payments. On top of that, the number of Fortune 500 companies looking into stablecoins has more than tripled since last year. But almost everything onchain is still in U.S. dollars. About 60% of global currency reserves are held in USD, but 99% of stablecoins in circulation are pegged to it. That makes it hard for people outside of the U.S. to move money in their own currencies. Local stablecoins like AUDD and XSGD aim to fix that gap. A survey by Ipsos for Coinbase found that over 70% of crypto owners in Australia and Singapore want local stablecoins they can actually use. Coinbase says adding…

The post Gavin Newsom Referred For Secret Service ‘Threat Assessment’ After X Post appeared on BitcoinEthereumNews.com. Topline Bill Essayli, the acting U.S. Attorney for the Central District of California, on Saturday said he referred Gov. Gavin Newsom to the Secret Service for a “full threat assessment,” after Newsom wrote on social media a jab targeting Homeland Security Secretary Kristi Noem. The California governor wrote on X: “Kristi Noem is going to have a bad day today.” Copyright 2025 The Associated Press. All rights reserved Key Facts “We have zero tolerance for direct or implicit threats against government officials,” Essayli wrote on X, adding he “referred this matter” to the Secret Service and requested a “full threat assessment,” though it’s not immediately clear what the assessment would entail. Essayli responded to an earlier social media post from Newsom, who wrote, “Kristi Noem is going to have a bad day today,” before signing a series of bills protecting California’s immigrant population, including a ban on face coverings for federal agents and a requirement for officers to identify themselves. Noem has neither responded to Newsom nor Essayli as of 5:20 p.m. EDT on Saturday. Newsom’s office did not immediately respond to a request for comment from Forbes, though Newsom told reporters Saturday the bills he signed “run in complete contrast to what [Noem’s] asserting and what she’s pushing.” Key Background California officials have, in recent weeks, opposed moves by the Trump administration. Newsom, who has repeatedly criticized President Donald Trump’s immigration crackdown, indicated Saturday he would sign into law legislation in an effort to rebuke Homeland Security’s deportation raids in the state. The Department of Homeland Security disputed whether California could pass a bill prohibiting federal agents from wearing masks, arguing it would put agents “and their families at risk of being doxed and targeted by vicious criminals.” The Trump administration ramped up its mass deportation campaign earlier this…