DoubleZero launched a dedicated fiber market data feed for Hyperliquid, giving professional trading firms faster access to its full order book. DoubleZero has launched a dedicated market data feed for Hyperliquid, giving professional trading firms access to the decentralized exchange’s full order book over fiber rather than through its public APIs. The feed includes Hyperliquid’s...Continue Reading

US Treasury yields hit a 19-year high on Thursday, pressuring risk assets as Bitcoin held near $84,000 and ONDO became top performer among altcoins. Bitcoin (BTC) had a volatile Thursday during US hours as the yield on the 10-year US Treasury note climbed to its highest level in nearly two decades. After briefly falling below...Continue Reading

The France-based semiconductor company has fully unwound a Bitcoin treasury that once held more than 3,200 BTC as more firms scale back crypto holdings. Sequans Communications has sold its remaining 314 Bitcoin, completing its exit from a Bitcoin treasury strategy that once saw the semiconductor company hold more than 3,200 BTC. On Thursday, the French...Continue Reading

Most DATs now trade below the value of their crypto holdings, weakening a financing model that once helped companies expand their balance sheets. The crypto treasury model has largely lost its early advantage, with most digital asset treasury (DAT) companies no longer commanding the premiums that allowed them to raise capital and accumulate more crypto...Continue Reading

The action filed by state lawmakers followed a similar lawsuit against prediction markets company Kalshi in July that alleged the platform was running an illegal gambling operation. New York Attorney General Letitia James is suing prediction markets platform Polymarket for offering contracts related to sporting events. On Thursday, New York state officials filed a lawsuit...Continue Reading

SoFi dives deeper into payments as it moves its entire card program to blockchain-based settlement using its SoFiUSD stablecoin, with more than $25 billion in expected annualized volume. Stablecoins are increasingly being used to settle payments behind existing card networks, allowing money to move around the clock without changing how consumers pay. But rather than...Continue Reading

IBM’s beta link lets banks instruct tokenized deposit transfers on Swift’s ledger using existing payment messages and compliance processes. IBM has added beta connectivity to Swift’s blockchain-based ledger for tokenized deposits and a beta option for banks to run IBM’s digital asset platform in their own data centers. IBM on Thursday announced the two additions...Continue Reading

Rachel Conlan will oversee institutional partnerships and ecosystem growth, while Jamal Raees will focus on stablecoins and tokenized deposits, following a wave of new partnerships. Solana Foundation has appointed former Binance chief marketing officer Rachel Conlan as chief strategy officer and former Polygon Labs executive Jamal Raees as general manager of payments, coming on following...Continue Reading

Bybit’s global campaign positions it as a broader financial platform, though its stock, gold and forex derivatives were already available. The era of the “pure crypto exchange” is ending as customers seek stocks, gold and payments alongside digital assets, Bybit co-founder and CEO Ben Zhou told Cointelegraph on Thursday. “The people who trade crypto also...Continue Reading

HIFI CEO Zach Walsh told Cointelegraph the $37 million Series A is the company’s first priced funding round, though HIFI did not disclose its valuation. Stablecoin infrastructure company HIFI has raised $37 million in a Series A funding round led by Left Lane Capital as the use of stablecoins for payments and cross-border transfers continues...Continue Reading