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Singapore’s crypto economy grows 55%, South Korea set to make crypto market makers legal, and Chinese spy ministry warns would-be foreign spies it’s watching the blockchain. CHINA China’s Ministry of State Security has toughened its rhetoric on the risks of cryptocurrencies, highlighting their role in crime and stressing transactions are not really anonymous. According to the…
Evernorth expects to begin trading on Nasdaq under the ticker XRPN after its SPAC merger closes, with an XRP treasury worth roughly $710 million at current prices. Evernorth is set to become a publicly traded XRP treasury company after shareholders of blank-check firm Armada Acquisition Corp. II approved their proposed business combination. The deal is…
A 50,000-letter campaign is pressing Brussels to rethink stablecoin rewards as EU central banks seek broader changes to MiCA’s stablecoin rules. More than 50,000 Europeans have urged the European Commission to loosen restrictions on stablecoin rewards as part of its review of the bloc’s Markets in Crypto-Assets (MiCA) framework, according to crypto advocacy group Stand…
The agreement will allow the two state regulators to share supervisory information, streamline licensing reviews and coordinate examinations and enforcement actions involving digital asset firms. New York and Wyoming financial regulators have signed an agreement to coordinate oversight of crypto companies operating across both states, including licensing, examinations and potential enforcement actions. The Memorandum of…
Crypto security losses reached $1.26 billion in Q3 across 247 incidents, with September alone accounting for roughly $769 million. Losses from crypto security incidents climbed to $1.26 billion in the third quarter of 2026, largely driven by the $387.5 million hack of crypto exchange Bitget. Losses rose 53.9% from $819.4 million in Q2, while the…
Coinbase joins Kraken in bringing US derivatives infrastructure in-house, after Kraken’s parent acquired Bitnomial and its CFTC-regulated exchange, clearinghouse and brokerage in May. Coinbase has received approval from the Commodity Futures Trading Commission (CFTC) to launch Coinbase Clearing LLC, its own US-based derivatives clearing organization. The registration became effective Monday, permitting the clearinghouse to clear…
The cross-chain protocol said it actively prevents stolen funds from being laundered, drawing a contrast with THORChain’s position that it does not selectively censor transactions. NEAR Intents said it blocked more than $50 million in attempted transfers linked to the Bitget hack. Attackers stole $387.5 million from Bitget on Thursday. A significant portion of these…
The crypto company is seeking a valuation of up to $6 billion, well below its 2022 peak, as recently listed crypto stocks struggle to hold their gains. Blockchain.com, a crypto exchange and wallet provider, is reportedly looking to raise about $500 million in an initial public offering (IPO) this year, more than four years after…
Aiden Pleterski was allegedly behind a crypto Ponzi scheme between 2021 and 2022 that resulted in a kidnapping and related criminal charges. The criminal trial for a self-described ‘crypto king’ who allegedly defrauded investors with claims of large profits on digital assets is set to begin next week, more than two years after charges were…
Eligible institutions can pledge Benji-issued fund shares for stablecoin credit lines while keeping the underlying assets in off-exchange custody. Franklin Templeton has partnered with Bybit on a program that lets institutional investors use tokenized shares of its money market funds as trading collateral, expanding their use beyond a simple buy-and-hold investment. The companies announced Monday…