News

South Korea’s Shinhan to use Visa’s stablecoin platform for ‘future finance’ initiatives

The two will also test the application of stablecoins in card payments, AI-based future payment models, and B2B and B2C payment businesses.

Tornado Cash developer Roman Storm’s retrial pushed back to April 2027

A jury convicted Storm on a count of money transmitting last year, but did not reach a verdict on other charges.

TORN

Japan to work on blockchain-based stock settlement system, details expected early 2027: Nikkei

If the plan is approved, the agencies could launch the system within a few years, and fully operational in the early 2030s.

Kalshi raised $1.12 billion via private equity offering since April, latest SEC filing shows

It was reported earlier this month that Kalshi is looking to raise $750 million in fresh capital at a $40 billion valuation.

RockawayX acquires Relayer Capital to expand crypto offerings in US

Relayer will become the RockawayX Liquid Opportunities Fund, identifying 'undervalued liquid tokens and crypto-related equities.'

ZRO token surges as LayerZero unveils ATLAS exchange infrastructure built on Zero blockchain

LayerZero has announced ATLAS, new exchange infrastructure built on its Zero blockchain for trading platforms and financial institutions.

ZRO

Galaxy expands retail crypto lending with new BTC, ETH and SOL-backed credit line

The crypto-backed portfolio line of credit lets eligible GalaxyOne clients borrow cash against BTC, ETH & SOL without selling their holdings.

BTC ETH SOL

Bitwise launches automated tokenized stock portfolios for Mag 7, AI and robotics themes

The portfolios, powered by Coinbase and implemented through Glider, will initially target themes including the Mag 7 and AI.

Robinhood Chain DEX Arcus launches pTokens to turn perp accounts into transferable ERC-20s

Each pToken represents a pro-rata ownership stake in an underlying Arcus perpetuals account at a fixed market and leverage level.

Grayscale debuts first Zcash ETF of its kind as privacy coin surges

On Tuesday morning, Grayscale launched the first ETF to offer direct exposure to Zcash, the privacy-focused cryptocurrency.

ZEC

Las Vegas businessman faces 280 years in prison after $24 million crypto fraud conviction

A federal jury convicted Las Vegas businessman Brent Kovar in a $24 million cryptocurrency scheme involving at least 400 investors.

Bitcoin holds above $80,000 backed by ETF flows; bull market case ‘early but optimistic,’ analyst says

Analysts say it's still too early to tell if this will translate into a bull market, given sticky inflation and geopolitical uncertainty.

Franklin Templeton partners with HashKey to offer tokenized money market fund in Asia

HashKey said it has launched the Franklin OnChain US Government Liquidity Fund on the platform's Earn channel.

Blockchain Association backs Treasury’s proposed GENIUS Act rules for stablecoin issuers

It backs limiting client ID requirements to direct issuer-customer transactions in the primary market, while calling for clearer definitions.

San Francisco-based gaming founder convicted of operating fraudulent crypto trading fund

Dillman faces a maximum penalty of 20 years and a $250,000 fine for each count of conviction, according to the DOJ.

CTF

US escalates Iran pressure with sanctions on crypto, aviation, shipping and gold as part of ‘economic D-Day’

The U.S. Treasury Department is zeroing in on digital assets it says are being used to bolster Iran’s economy.

Crypto exchange volumes double in five days as market activity rebounds

Monthly volume tells a similar story, with $490 billion traded so far in August compared to $670 billion in July.

Hyperliquid Policy Center urges SEC, CFTC to harmonize rules for perpetual contracts

The push comes as Hyperliquid's multi-asset perpetuals gain scale and draw scrutiny from traditional exchanges.

HYPE

Stand With Crypto ramps up midterm push with 32 House endorsements

Stand With Crypto is backing more than 30 House candidates as it looks to flex its political influence once more in the upcoming elections.

Strive acquires 1,110 bitcoin for $81.5 million as total holdings reach 21,356 BTC

Strive purchased 1,110 bitcoin for $81.5 million, raising its total holdings to 21,356 BTC as the seventh-largest public company holder.

‘Upside move in ETH was overdue,’ Tom Lee says as Bitmine buys another 32,447 ether

Bitmine's total crypto, cash, and other investments currently stand at $14.9 billion, and it owns over 4.8% of Ethereum's circulating supply.

ETH

Strategy sells $2 billion in MSTR shares, makes no bitcoin purchases, establishes $1.6 billion ‘USD Cash’ pool

Strategy's total holdings account for roughly 4% of the 21 million bitcoin supply cap — worth around $66 billion.

Gemini to provide crypto prediction markets venue for Apex’s brokerage clients

Under the alliance, brokerages that offer crypto event contracts through Apex will use Gemini for execution and clearing, the firms said.

Bernstein says Circle’s growth cycle can continue without the Clarity Act, sees 59% upside

Bernstein says Circle can sustain growth without the Clarity Act as USDC supply rebounds and stablecoin volumes continue expanding.

USDC

Fasset reaches unicorn status after $68 million raise led by SBI Group

Fasset raised $68 million in Series C funding at a $1 billion valuation, expanding its cross-border stablecoin infrastructure.

Bitcoin records largest weekly dollar gain in history; Strive CEO predicts ‘strongest’ cycle ever

Strive CEO said the next bitcoin cycle will be the strongest ever, citing its strong performance against both the dollar and gold.

DeFi lending protocol Term Finance loses an estimated $8.5 million to governance exploit

Term vault proposals face a seven-day delay and can be vetoed by liquidity providers, yet those controls apparently did not stop the exploit.