Binance-linked companies sued RedotPay, accusing it of diverting more than 470,000 Binance Card users under a commercial deal and seeking nearly $473 million in damages. Binance-affiliated companies have sued the founders of Hong Kong-based cryptocurrency payments company RedotPay, alleging they diverted more than 470,000 users from Binance Card in breach of their commercial agreement. The...Continue Reading

US spot Bitcoin ETFs drew $382 million in two-day inflows, with Galaxy’s Bitcoin ETF returning to gains as the Coldcard incident renewed custody concerns. US-listed spot Bitcoin exchange-traded funds (ETFs) are attracting fresh capital as a high-profile cryptocurrency custody incident puts renewed focus on digital asset security. Spot Bitcoin ETFs recorded $211.5 million in net...Continue Reading

The rating recognizes the fund’s ability to maintain a stable net asset value, while S&P separately reaffirmed USDT among the lowest-rated stablecoins under its existing assessment framework. S&P Global Ratings assigned its highest principal stability fund rating to BlackRock’s new tokenized money market fund. The ratings provider assigned an “AAAm” rating to the BlackRock Daily...Continue Reading

Glassnode confirmed that its aggregate BTC price cycle tool was in its coldest phase since the collapse of FTX in late 2022. Bitcoin price-metric basket sees longest capitulation since FTX blow-up: Glassnode Bitcoin (BTC) is seeing its longest capitulation since the end of the 2022 bear market, onchain analytics platform Glassnode reported on Monday. Read...Continue Reading

The a16z-backed studio will open-source Pirate Nation assets, while an independent foundation continues supporting the PIRATE token. Blockchain game developer Proof of Play will cease operations after failing to build a sustainable business around its decentralized gaming thesis. The a16z-backed studio said Tuesday it could not develop a product that proved blockchain-based games could help...Continue Reading

JPMorgan’s Kinexys platform will tokenize select BlackRock money market fund shares denominated in pounds, euros and US dollars. BlackRock will offer tokenized versions of select European money market funds using JPMorgan’s blockchain infrastructure.  According to a Tuesday Bloomberg report, the offering will include pound sterling, euro and US dollar share classes from BlackRock’s Institutional Cash...Continue Reading

Taiwan’s regulator plans to apply the Travel Rule to domestic VASP transfers from October before extending it to overseas platforms by the end of 2027. Taiwan’s financial regulator plans to require crypto platforms to transmit customer information on all domestic platform-to-platform transfers starting in October.  On Tuesday, the Financial Supervisory Commission said its proposed amendments...Continue Reading

ESMA’s latest MiCA update brings the number of authorized CASPs to 321 and adds three entities to its non-compliant register. The European Securities and Markets Authority (ESMA) added 12 companies to its Markets in Crypto-Assets (MiCA) register in its fourth update since the July 1 transitional deadline. Published on July 31, the update brings the...Continue Reading

The completed tie-up combines Boerse Stuttgart Digital’s custody business with Tradias’ trading operations under a joint management team. Boerse Stuttgart Digital and institutional crypto trading firm Tradias have completed their merger after clearing the required ownership control procedure, creating a combined digital asset infrastructure unit with about 300 employees. The transaction was first announced in...Continue Reading

Forgd’s ratings draw on data from more than 500 token projects and 35 market-making firms, but do not solely reflect trading performance. Crypto analytics platform DefiLlama has integrated Forgd’s market-maker leaderboard, giving users access to data on spreads, market depth, trading volume and uptime.  In an announcement sent to Cointelegraph, Forgd said that the dashboard...Continue Reading