The new ASSX fund offers 2x daily exposure to Strive shares, giving traders a leveraged way to bet on the Bitcoin treasury company. REX Shares and Tuttle Capital Management launched a leveraged ETF that seeks to deliver twice the daily performance of Strive, a publicly traded Bitcoin treasury company and asset manager. The T-REX 2X...Continue Reading

Kalshi’s proposal would bring perpetual futures tied to individual stocks to US traders, as Coinbase and Bitnomial pursue similar products. Kalshi has filed to offer perpetual futures tied to individual US stocks, joining Coinbase in a push to bring crypto-style derivatives to traditional equity markets. The prediction market filed the proposed rule change with the...Continue Reading

VanEck said Metaplanet’s executive equity exposure remains well above its digital asset treasury peers, even after the company cut its potential share pool by 41%. Asset manager VanEck has criticized Metaplanet’s executive compensation structure, arguing that recent efforts by the Bitcoin treasury company to curb shareholder dilution still fall short of adequately aligning management with...Continue Reading

Bastion Platforms National Trust Company will offer stablecoin custody and wallets, payment infrastructure and white-label issuance from a single federally regulated entity.  Stablecoin infrastructure provider Bastion said the Office of the Comptroller of the Currency (OCC) had granted it preliminary conditional approval for a US trust bank charter. The charter adds federal supervision from the...Continue Reading

Singapore-based payments company completes Series A funding round with Japanese investor SBI Group. Singapore payment company dtcpay completed its $25 million Series A funding round, led by Vertex Ventures Southeast Asia & India in April, and now further anchored by Japanese financial conglomerate SBI Group. The round also drew participation from Genedant Capital and existing...Continue Reading

Former banking official gets four years in prison over false letters of credit and accepting $470,000 in cryptocurrency bribes. A former bank official in Hong Kong who falsely authenticated letters of credit for more than $1.6 billion was sentenced to four years in prison and ordered to make restitution of more than $470,000 he received...Continue Reading

Coinbase wants to bring 24/5 perpetual futures trading to individual US stocks, with its proposed contracts now awaiting regulatory approval. Coinbase has filed with the Commodity Futures Trading Commission to list single-stock perpetual futures in the United States, seeking to bring a derivatives product widely used in crypto markets to individual US equities. Read moreContinue Reading

Binance is joining a growing number of crypto exchanges offering around-the-clock exposure to foreign exchange markets through perpetual futures. Binance is expanding its derivatives offering into foreign exchange with the launch of 24/7 perpetual futures, starting with a US dollar-Brazilian real contract on Monday. Unlike traditional FX markets, which close for the weekend, Binance’s contracts...Continue Reading

Coinbase, Strategy and other crypto-linked stocks rallied Friday as the CFTC and SEC moved ahead with crypto-related actions under existing authority. Crypto-linked stocks rebounded sharply on Friday, reversing losses that followed the Senate’s failure to advance the CLARITY Act earlier this week, as Bitcoin climbed back above $80,000. Strategy led the gains, rising more than...Continue Reading

The US commodities regulator submitted a new crypto market regulatory action for White House review days after the Senate failed to advance the CLARITY Act. The US Commodity Futures Trading Commission has submitted a new regulatory action covering crypto asset transactions and markets for White House review, as the agency moves forward with its approach...Continue Reading