Shinhan Asset Management and Plume will test a tokenized fund using a Korean won-denominated ultra-short-term bond fund as its underlying asset. South Korea’s Shinhan Asset Management signed a memorandum of understanding (MOU) with tokenization-focused blockchain network Plume to develop a proof of concept for a Korean won-denominated tokenized fund. The pilot project will use a...Continue Reading

Credit card and staking revenue drove Gemini’s services growth in Q2 as exchange revenue fell 38% and trading volume dropped by two-thirds. Cryptocurrency exchange Gemini reported a 37% year-over-year increase in second-quarter revenue to $45.5 million, while posting a $107.7 million net loss as exchange trading weakened. Exchange revenue fell 38% to $12.5 million as...Continue Reading

Bitcoin futures open interest on Binance fell alongside BTC price as analysis published on CryptoQuant flagged mounting pressure on leveraged longs. Bitcoin (BTC) long positions are “facing liquidation” as volatility shows signs that a range breakout is finally coming. Key points: Insights published on onchain analytics platform CryptoQuant by community analyst “BorisD” on Thursday suggest...Continue Reading

RedotPay’s US IPO has reportedly been delayed as it seeks regulatory approvals, while the company says it secured a US money transmitter license. RedotPay’s plans for a US stock market debut have reportedly been delayed as the stablecoin payment company prepares to expand into the country. The company delayed plans for a US initial public...Continue Reading

Crypto acceptance was just 0.2% online and remained below 1% at physical points of sale, while mobile payments gained ground. Crypto remains a marginal payment option among euro area businesses even as other forms of digital payments gain ground, according to a new European Central Bank (ECB) report. Just 0.2% of companies selling goods and...Continue Reading

JPMorgan Chase reportedly cut banking ties with Polymarket in October 2025 over regulatory concerns but remains open to an underwriting role if the platform goes public. JPMorgan Chase ended a banking relationship with Polymarket over regulatory concerns, according to the Financial Times. JPMorgan notified the prediction market platform in October 2025 that it needed to...Continue Reading

The SEC cancelled its scheduled meeting to vote on issuing new cryptocurrency regulatory guidelines in the absence of the passage of the CLARITY Act. The US Securities and Exchange Commission (SEC) has cancelled an open meeting scheduled for Friday that was expected to consider new cryptocurrency rules. The SEC said Thursday that the meeting had...Continue Reading

BA Labs had previously classified a proposed NUSD integration as higher risk because of its counterparty, operational and liquidity exposure. Decentralized finance (DeFi) protocol Neutrl has suspended minting and redemptions for its NUSD synthetic dollar after unspecified circumstances affected protocol reserves, leaving the cause and scale of any potential impairment unclear.  On Thursday, Neutrl said...Continue Reading

Figure expects consumer loan marketplace volume to range from $4.8 billion to $5.2 billion in the third quarter. Figure Technology Solutions reported $4.3 billion in consumer loan marketplace volume for the second quarter, up 132% from a year earlier, as its quarterly profit nearly tripled.  On Thursday, Figure said net income rose 192% year over...Continue Reading

Advances in compact proofs have erased Poseidon’s previous performance advantage, according to researcher Justin Drake. The Ethereum Foundation is moving away from the Poseidon hash function in its planned post-quantum architecture, according to researcher Justin Drake.  On Thursday, Drake said the foundation was abandoning Poseidon and turning to established alternatives such as SHA or BLAKE....Continue Reading