Paxos ordered to cease minting Binance stablecoin by New York regulator

Key Factors

New York point out regulators requested Paxos to halt minting new Binance USD tokens, Binance CEO Changpeng Zhao mentioned on Twitter.
The Ethereum-created BUSD tokens are backed by some $16 billion worth of Treasurys and repos.
The regulator explained it issued the get Monday “as a final result of a number of unresolved challenges linked to Paxos’ oversight of its connection with Binance.”

Supply

Finance

Stocks making the biggest moves midday: Lamb Weston, KB Home, Carnival, Oracle, CoreWeave & more

December 19, 2025

Check out some of the stocks making the biggest moves in midday trading. Lamb Weston – The producer of fries and frozen potato products saw shares tank 25%. Though Lamb Weston posted beats on the top and bottom lines in the second quarter, the company reaffirmed its full-year revenue guidance of $6.35 billion to $6.55 […]

Finance

Stocks making the biggest moves premarket: Oracle, CoreWeave, Nike, Coinbase & more

December 19, 2025

Check out the companies making headlines before the bell. Oracle — Shares were up more than 5% in the premarket after TikTok agreed to sell its U.S. operations to a new joint venture that includes the software giant and private equity investor Silver Lake. Coinbase — The crypto exchange rose nearly 3%. On Thursday, the […]

Finance

Friday could be a wild day of trading on Wall Street. Here’s why

December 18, 2025

Key Points More than $7.1 trillion in notional options exposure is set to expire this Friday, according to Goldman. December options expirations are typically the biggest of the year, but this one eclipses all prior records. Source