Circle Launches Bridge Kit, a Developer Toolkit to Simplify Building Cross-Chain Applications

The post Crypto News: Donald Trump-Aligned Fed Governor To Speed Up Fed Rate Cuts? appeared on BitcoinEthereumNews.com. In recent crypto news, Stephen Miran swore in as the latest Federal Reserve governor on September 16, 2025, slipping into the board’s last open spot right before the Federal Open Market Committee kicks off its two-day rate discussion. Traders are betting heavily on a 25-basis-point trim, which would bring the federal funds rate down to 4.00%-4.25%, based on CME FedWatch Tool figures from September 15, 2025. Miran, who’s been Trump’s top economic advisor and a supporter of his trade ideas, joins a seven-member board where just three governors come from Democratic picks, according to the Fed’s records updated that same day. Crypto News: Miran’s Background and Quick Path to Confirmation The Senate greenlit Miran on September 15, 2025, with a tight 48-47 vote, following his nomination on September 2, 2025, as per a recent crypto news update. His stint runs only until January 31, 2026, stepping in for Adriana D. Kugler, who stepped down in August 2025 for reasons not made public. Miran earned his economics Ph.D. from Harvard and worked at the Treasury back in Trump’s first go-around. Afterward, he moved to Hudson Bay Capital Management as an economist, then looped back to the White House in December 2024 to head the Council of Economic Advisers. There, he helped craft Trump’s “reciprocal tariffs” approach, aimed at fixing trade gaps with China and the EU. He wouldn’t quit his White House gig, which irked Senator Elizabeth Warren at the September 7, 2025, confirmation hearings. That limited time frame means Miran gets to cast a vote straight away at the FOMC session starting September 16, 2025. The full board now features Chair Jerome H. Powell (Trump pick, term ends 2026), Vice Chair Philip N. Jefferson (Biden, to 2036), and folks like Lisa D. Cook (Biden, to 2028) and Michael S. Barr…

The post Saudi Awwal Bank Adopts Chainlink Tools, LINK Near $23 appeared on BitcoinEthereumNews.com. SAB adopts Chainlink’s CCIP and CRE to expand tokenization and cross-border finance tools. SAB and Wamid target $2.32T Saudi capital markets with blockchain-based tokenization plans. LINK price falls 2.43% to $22.99 despite higher trading volume and steady liquidity ratios. Saudi Awwal Bank has added Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and the Chainlink Runtime Environment (CRE) to its digital strategy. CCIP links assets and data across multiple blockchains, while CRE provides banks with a controlled framework to test and deploy new financial applications. The lender, with more than $100 billion in assets, is applying the tools to tokenized assets, cross-border settlement, and automated credit platforms. The move signals that Chainlink’s infrastructure is being adopted at scale inside regulated finance. Related: Chainlink’s Deal with SBI Is a Major Win, But Chart Shows LINK’s Battle at $27 Resistance Wamid Partnership Aims at $2.32 Trillion Markets In parallel, SAB signed an agreement with Wamid, a subsidiary of the Saudi Tadawul Group, to pilot tokenization of the Saudi Exchange’s $2.32 trillion capital markets. The focus is on equities and debt products, opening the door for blockchain-based issuance and settlement. SAB has already executed the world’s first Islamic repo on distributed ledger technology, in collaboration with Oumla earlier this year. That transaction gave regulators a template for compliant on-chain contracts. The Wamid deal builds directly on that precedent, shifting from single-instrument pilots toward broader capital markets integration. Saudi Blockchain Buildout Gains Pace Saudi institutions are building multiple layers of digital infrastructure. Oumla is working with Avalanche to develop the Kingdom’s first domestically hosted Layer 1 blockchain. SAB’s Chainlink adoption adds an interoperability and execution layer on top. Together, these projects are shaping a domestic framework for tokenization, with global connectivity added only where liquidity requires it. LINK Price and Liquidity Snapshot While institutional adoption progresses, Chainlink’s…

The post Canadian Province Bans Crypto Mining With New Energy Bill appeared on BitcoinEthereumNews.com. This week, the government of British Columbia announced it will permanently ban new cryptocurrency mining connections to the province’s electricity grid to protect the power supply. The move makes Canada’s third-largest province a non-viable location for new grid-connected mining facilities. It also signals that existing crypto miners will find it nearly impossible to expand their operations.  Sponsored Sponsored Permanent End for Grid Crypto Expansion British Columbia is moving to make its temporary restriction on new cryptocurrency mining connections a permanent ban, according to legislation introduced this week. The move closes the door on expanding industrial-scale crypto mining within the province. It effectively cements British Columbia as one of the first jurisdictions in North America to explicitly exclude the sector from accessing its publicly owned, clean-energy supply.  Canadian Province Moves to Limit AI Power Use, Ban Crypto Mining British Columbia proposed legislation to limit how much electricity will be available to artificial intelligence data centers, and moved to permanently ban new cryptocurrency mining projects. The government of… — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 20, 2025 The ban on crypto mining is not an isolated measure. Instead, it’s BC’s most far-reaching component of a new Electricity Allocation Framework designed to address unprecedented electricity demand and ensure the province’s clean energy goes toward projects that maximize economic benefit.  The ban, however, doesn’t include all types of mining. According to the government’s press release, traditional mining will still have access to the power grid. “Our new allocation framework will prioritize vital growth in sectors like mining, natural gas, and lowest-emission LNG, while ensuring our clean energy is directed to projects that deliver the greatest benefit to British Columbians,” said Adrian Dix, Minister of Energy and Climate Solutions. Sponsored Sponsored While the bill has not been enacted, it’s strongly poised to pass. As a…