Business & Technology
Business and technology in crypto means the companies, infrastructure, and product moves that aren't pure protocol news. LeoDex News covers exchange business (earnings, executive moves, IPOs, geographic expansion), mining stocks (RIOT, MARA, IREN, CleanSpark), Layer-1 infrastructure providers, partnerships and acquisitions, gaming and NFT platforms with real users, and the wider Web3 product landscape.
We track the strategic moves: which exchange is winning institutional flow, which custodian is taking share, which infra provider quietly powers a category, which product launches are real and which are vapor. Skip the press-release noise — read what's actually shipping and who's actually using it.
Latest in Business & Technology
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Mohalla Tech seeks $400M IPO in 2027 after achieving profitability
Mohalla Tech, the company behind India's ShareChat and Moj social platforms, plans to raise up to $400 million through a public listing in 2027 after achieving operational profitability in Q1 FY2027. The move signals a shift toward investor confidence based on unit economics rather than growth-at-any-cost narratives.
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Robinhood Chain launches on Arbitrum for tokenized assets and DeFi
Robinhood officially launched the public mainnet for Robinhood Chain, a layer-2 blockchain built on Arbitrum, and rolled out new crypto products including decentralized lending and AI-powered trading tools.
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Ark Invest deploys $75M in crypto equities as June market crashes
Ark Invest purchased over $75 million in shares of Coinbase, Circle Internet, and Bullish during June's market downturn, when Bitcoin posted its worst month in four years and crypto stocks tumbled.
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Crypto hack thefts drop 7% in June to $76M, Humanity Protocol breach dominates
Cryptocurrency theft losses declined 7% in June 2026 to $76 million, but a single Humanity Protocol breach accounted for nearly half the total, highlighting persistent security vulnerabilities despite overall improvement.
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2026 World Cup becomes crypto's biggest mainstream sports stage
The 2026 FIFA World Cup, co-hosted by Canada, Mexico, and the US, is emerging as the industry's largest mainstream sports integration, with Kraken as the official crypto exchange supporter and fan tokens seeing trading surges tied to match outcomes.
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Bending Spoons prices IPO above range, raises $1.62B in largest European tech listing
Bending Spoons, a Milan-based digital acquirer, raised $1.62 billion in its Nasdaq IPO priced above the marketed range, valuing the company near $20 billion. The offering marks the largest European tech IPO in recent memory.
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Coinbase, BlackRock, Visa Back Open USD Stablecoin as Circle Stock Tumbles
More than 140 companies including Coinbase, Visa, Mastercard, and BlackRock announced a coalition to launch Open USD, a new stablecoin. Circle's stock fell nearly 16% on the news, extending its monthly decline to 39%.
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Dangote Refinery IPO halted by Nigeria SEC, rescheduled to September
Nigeria's Securities and Exchange Commission issued a halt order on Dangote Petroleum Refinery's IPO in June 2026, citing lack of formal application. The $39–50 billion offering, targeting September, would be Africa's largest ever and fund a five-year industrial expansion.
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XRP Ledger Lending Protocol enters validator voting phase
The XRP Ledger is moving toward a new phase focused on financing value, with a native Lending Protocol entering the validator voting phase to provide yield to crypto holders and capital access to institutions.
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Luxshare targets $3.1B Hong Kong IPO, largest of 2026
Chinese electronics manufacturer Luxshare Precision Industry is seeking up to $3.1 billion in proceeds from a secondary listing on the Hong Kong Stock Exchange, marking the year's largest IPO and opening the company to global institutional investors.
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J.P. Morgan Expands Kinexys to Eight Currencies Across Asia-Pacific
J.P. Morgan added five Asia-Pacific currencies to its Kinexys blockchain settlement network, enabling institutional clients to move funds and manage foreign exchange 24/7 without relying on traditional banking hours or cryptocurrency infrastructure.
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Zcash Founder Wilcox-O'Hearn Criticizes Coinbase Gambling Features
Zcash founder Zooko Wilcox-O'Hearn publicly criticized Coinbase on Saturday for aggressively promoting gambling-like features to vulnerable users, sparking a debate with CEO Brian Armstrong over user protection and libertarian principles in crypto.
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Messi's World Cup presence drives fan token volatility amid crypto speculation
Lionel Messi's continued participation in the 2026 FIFA World Cup, combined with his ambassador roles at Socios.com and Sorare, has intensified trading activity in fan tokens and digital collectibles. The highly speculative assets remain vulnerable to sharp drawdowns tied to tournament results or player performance.
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De Bruyne's World Cup Goal Highlights Crypto's Grip on Sports Stars
Kevin De Bruyne scored in Belgium's 3-0 World Cup victory over New Zealand, but his deeper ties to crypto—from Phemex ambassador deals to NFT cards and meme tokens—reveal how digital assets now intersect with elite athletics, though market reaction was muted.
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Binance suspends EU services after missing MiCA license deadline
Binance notified European Union users it will suspend services and stop accepting new registrations because it failed to obtain a MiCA license by the July 1 regulatory deadline. The exchange withdrew its Greece application and plans to seek authorization in France instead.
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Mbappe and Haaland Trigger Crypto Market Swings at 2026 World Cup
Kylian Mbappe and Erling Haaland's 2026 World Cup performances are triggering real-time volatility in fan tokens, player NFTs, and unauthorized meme coins. Chiliz rose 28% during early tournament play, while Mbappe-linked Solana tokens spike after each goal.
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Netherlands beats Tunisia 3-1; crypto prediction markets surge on World Cup
The Netherlands' 3-1 victory over Tunisia drew significant crypto trading activity, with prediction markets and blockchain-backed fan tokens capitalizing on World Cup momentum. Kraken's FIFA sponsorship and Chiliz's token rally underscore crypto's growing role in sports, though volatility poses long-term risks.
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Domyn plans 400B open-source AI model for European regulated sectors
Domyn, a Milan-based AI company formerly known as iGenius, plans to release a 400-billion-parameter open-source model within a year, backed by NVIDIA hardware and targeting European financial services, government, and defense institutions seeking alternatives to US proprietary platforms.
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SBI Holdings acquires Bitbank for $289M, creating Japan's largest crypto exchange
SBI Holdings announced Thursday it will acquire Tokyo-based crypto exchange Bitbank for roughly $289 million, pending regulatory approval. The combined firm would hold $6.8 billion in assets under custody and serve 2.92 million accounts.
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Haiti's World Cup return shows crypto's limits in sports fan engagement
Haiti qualified for the 2026 FIFA World Cup on November 18, 2025, ending a 52-year absence and scoring in its first match. Yet the national federation launched no official crypto project or fan tokens, highlighting the gap between emotional fan narratives and sustainable blockchain-based economies.
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Binance restricts EU services July 1 after failing to secure MiCA authorization
Binance will halt onboarding of new EU users and limit certain services starting July 1 under MiCA rules after failing to gain authorization from a member state. Existing users can withdraw assets and manage positions.
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Thailand issues arrest warrants for Chinese businessman in $300M crypto mining fraud
Thai authorities have issued arrest warrants for eight suspects, including Chinese businessman Wang Yicheng, tied to an illegal crypto mining network allegedly laundering approximately $300 million annually through online scams and gambling operations.
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FIFA 2026 World Cup: Kraken, Avalanche, Chainlink secure official crypto partnerships
Kraken, Avalanche, and Chainlink have secured official FIFA partnerships ahead of the 2026 World Cup, marking crypto's deepest integration into a major sporting event. The expansion to 48 teams across North America could drive mainstream adoption, but fan token volatility and regulatory headwinds pose risks.
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Tokenized SpaceX shares collapse as platforms fail to secure assets
Crypto platforms including Binance Wallet and Bybit promoted tokenized SpaceX shares that drew over $1 billion in demand, but withdrew offerings after being unable to obtain the necessary underlying shares to back the tokens, triggering refunds to investors.