Topic: #latest-news
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Kraken parent Payward posts 17% revenue growth despite 13% trading volume drop
Payward reported $508 million in adjusted Q2 revenue, up 17% year over year, while total transaction volume fell 13% to $310 billion. The company offset weaker crypto spot activity through growth in traditional futures, equities, and tokenized assets, while funded accounts surged 42% to 6.6 million.
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Crypto valuations could double as protocols adopt token buybacks
Bitwise Chief Investment Officer Matt Hougan said crypto valuations could at least double as protocols increasingly use revenue to fund token buybacks and burns, with revenue-capture mechanisms expected to spread across DeFi and layer-1 networks over the next 12 to 24 months.
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Circle Gets New York Trust Charter for Custody Services
Circle's subsidiary Circle Internet Trust Company LLC received a limited purpose trust charter from New York's financial regulator, allowing it to provide fiduciary and custody services under state banking law.
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Luno cuts 20% of staff as crypto layoffs hit 12 firms in July
Luno cut about 20% of its workforce in July as part of a broader restructuring wave. At least 12 crypto companies reported layoffs that month, totaling 894 disclosed jobs affected. Market conditions remain the primary driver of cuts across the industry.
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World Foundation Raises $52.5M in Pantera-Led Funding for World ID
World Foundation has raised $52.5 million through a sale of locked WLD tokens to strategic investors led by Pantera Capital, with funds earmarked to expand World ID, its biometric verification system designed to distinguish humans from AI agents online.
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BitMEX shuts down operations September 23, 2026 after 11 years
BitMEX announced it will cease operations on September 23, 2026. HDR Global Trading Limited, the exchange's owner, decided to close the company following a strategic review, though the platform has maintained a record of no customer funds lost to hacks during its 11-year history.
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South Korea's central bank targets September for second CBDC pilot phase
The Bank of Korea could launch the second phase of Project Hangang, its wholesale CBDC pilot, as early as September, adding two regional banks and testing government subsidy payments through tokenized deposits.
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Bybit Launches Indonesia Platform After NOBI Acquisition
Bybit announced the launch of a locally operated platform in Indonesia after acquiring a majority stake in PT Enkripsi Teknologi Handal, formerly known as NOBI, positioning itself in one of Asia's largest crypto markets with 21.07 million registered users.
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Hyundai settles $20K cross-border transfer with USDT on Avalanche
Hyundai Motor's US and Mexican units settled a $20,000 cross-border treasury transfer using Tether's USDT stablecoin in seven minutes on Avalanche, demonstrating enterprise adoption of stablecoin-based payments as an alternative to traditional banking.
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MicroStrategy sells $467M in shares, holds 843,775 BTC
Strategy raised $466.7 million by selling 4.8 million Class A shares between July 6 and 12, boosting its US dollar reserve to $3 billion while maintaining its Bitcoin holdings unchanged at 843,775 BTC.
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SBI launches JPYSC yen stablecoin lending at 3% yield
SBI VC Trade will open JPYSC lending applications on July 16, offering 3% annual yield for 12 weeks on Japan's native yen stablecoin, though the service carries counterparty risk and falls outside deposit insurance protections.
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Sony Bank gains OCC preliminary approval for US dollar stablecoin
Sony Bank received preliminary approval from the Office of the Comptroller of the Currency to establish a stablecoin issuance business through a new subsidiary, Connectia Trust, National Association, backed by $40 million in starting capital.
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Ethereum trader loses $1M to phishing token approval scam
A crypto user lost nearly $1 million in USDT after signing a malicious token approval on Ethereum. The incident highlights approval phishing as a dominant attack vector in 2025, when onchain scams pulled in at least $14 billion.
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Bitcoin nears cycle bottom as over 50% of supply held at loss
K33 reported that over 50% of Bitcoin is currently held at a loss, a metric that has historically preceded a market bottom within weeks. Previous cycles saw Bitcoin recover within 13 to 101 days after reaching this threshold, with strong one-year returns in most cases.
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Vitalik Buterin's Anonymity Pierced by AI Analyzing Reasoning Patterns
Ethereum co-founder Vitalik Buterin confirmed that AI-assisted analysis correctly identified his anonymous contribution to an Ethereum proposal two weeks after he publicly challenged whether current AI tools could pierce online anonymity.
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Ill Bloom Vulnerability Drains $5M From Thousands of Crypto Wallets
Coinspect identified a critical vulnerability affecting thousands of wallets across Bitcoin, Ethereum, Polygon, and other chains. The "Ill Bloom" exploit stems from weak recovery phrase generation in certain software wallets, with at least $5 million drained since May 27.
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SARS Publishes Draft Crypto Tax Guidance Under Existing Framework
South Africa's Revenue Service published draft guidance on how crypto assets are taxed under existing income and capital gains tax rules, opening a public comment period through August 31.
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Binance outflows triple to $1.2B as Ethereum withdrawals hit 3-year high
Binance recorded $1.23 billion in weekly net outflows—a 207% surge from the prior week—as Ethereum withdrawal transactions reached their highest level since March 2023, driven by regulatory uncertainty and market positioning shifts.
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Trump Defends $1.4B Crypto Earnings as Congress Debates Regulation
US President Donald Trump defended earning roughly $1.4 billion from crypto ventures while in office, saying nothing was wrong with the profits. His latest financial disclosure reignited conflict-of-interest concerns as Congress debates major crypto legislation including the CLARITY Act.
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Russia's Digital Ruble Launches Sept. 1 as US, EU Diverge on CBDC
Russia's central bank confirmed plans to launch its digital ruble on September 1, with EU sanctions already in place and the US moving toward a CBDC ban. The timing underscores diverging regulatory approaches to central bank digital currencies amid geopolitical tensions.
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Goliath Ventures CEO Pleads Guilty in $400M Crypto Fraud Scheme
Christopher Delgado, former CEO of Goliath Ventures, pleaded guilty to wire fraud and money laundering in a scheme that raised at least $400 million from investors and caused $250 million in losses. He agreed to forfeit eight properties, luxury goods, and crypto wallets.
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Australia's crypto travel rule takes effect July 1 with no minimum threshold
Australia's crypto travel rule came into force on July 1, requiring exchanges to collect additional information on all outgoing and incoming transfers, aligning the country with similar rules in the EU, US, and UK.
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Bitmine lifts Ether holdings to 5.7M as it joins Russell 1000
Bitmine purchased roughly $43 million worth of Ether last week upon joining the Russell 1000 Index, bringing its holdings to 5.7 million tokens and narrowing the gap to its 5% supply target.
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Senate leaders push CLARITY Act passage before July 13 recess
Republican Senate leaders are racing to pass the CLARITY Act within a four-week window before July 13 recess, but President Trump's recent move to block another bill has cast doubt on the cryptocurrency regulation measure's future.