FTX creditors are watching SpaceX's post-IPO stock performance with optimism. The defunct crypto exchange's investment in SpaceX, made before its collapse, could lead to larger payouts for victims of Sam Bankman-Fried's fraud.
Crypto exchange Bybit and its corporate entity Bybit Fintech Limited have been added to Singapore's Monetary Authority (MAS) Investor Alert List. This list warns consumers about entities wrongly perceived as MAS-regulated. Bybit is not licensed by MAS and restricts services to Singaporean users.
Coinbase is now allowing US users to transfer existing stock and ETF portfolios onto its platform, aiming to become a full-service financial platform and compete with traditional brokerages. The move includes zero-commission trading and builds on earlier stock trading services.
Coinbase announced new features including options trading for crypto and stocks, borrowing against staked Solana, and enhanced Bitcoin rewards via its Coinbase One Card, as it aims to become a comprehensive financial platform.
Japan's Bitbank warns crypto users that transactions with prediction markets like Polymarket may lead to account suspension due to potential conflicts with gambling laws. The exchange cited concerns over betting on future events for financial gain.
Bitbank, a major Japanese crypto exchange, has warned users that transactions with prediction market platforms like Polymarket could lead to account suspension due to potential violations of Japan's gambling laws. The exchange stated it may restrict accounts involved in such services, citing legal and regulatory risks for Japanese residents.
Binance, Bybit, and Bitget refunded customers after tokenized equity platform xStocks failed to secure SpaceX IPO allocations. Despite the cancellations, SpaceX shares have surged over 26% since their IPO, with the company's market cap exceeding $2.2 trillion.
Major crypto exchanges like Binance, Kraken, Bybit, and Gemini are integrating direct trading of US stocks and ETFs into their platforms. This move challenges Wall Street's century-old dominance in retail brokerage, offering 24/7 trading, stablecoin settlement, and a unified app experience for both crypto and equities.
Exodus has partnered with Ondo Finance to launch a marketplace for tokenized assets, including stocks and ETFs, on the Solana blockchain. The new service, Exodus Markets, allows eligible users to trade over 200 tokenized real-world assets directly from their crypto wallet.
Coinbase introduces Coinbase for Agents, enabling AI models like ChatGPT to trade crypto and make payments autonomously via x402 protocol, alongside Coinbase Advisor, a registered AI financial adviser.
Crypto exchanges are shifting focus to tokenized stocks, offering exposure to equities like Nvidia and Apple, after new token listings proved detrimental to retail investors. This pivot aims to attract new users and capital, potentially channeling trillions into global equity markets via crypto infrastructure.
SBI Shinsei Bank to offer cryptocurrency vouchers (BTC, ETH, XRP) equivalent to 20% of interest payments to deposit customers, redeemable via SBI VC Trade, in a move to integrate crypto into mainstream banking.
Sam Bankman-Fried, co-founder of defunct FTX crypto exchange, seeks presidential pardon from Donald Trump after being sentenced to 25 years for a fraud scheme misusing billions in customer funds.
Morgan Stanley and Galaxy Digital have partnered to allow eligible wealth management clients to lend Bitcoin, Ethereum, or Solana in exchange for spot crypto exchange-traded product (ETP) shares, streamlining onboarding and reducing minimum transaction sizes.
South Korea's National Police Agency has partnered with the country's five largest virtual asset exchanges to combat money laundering from phishing crimes. The collaboration aims to block the use of cryptocurrencies to launder illicit funds by establishing a real-time data sharing system.
Coinbase is reportedly exploring a loophole in the CLARITY Act, which aims to ban passive interest on stablecoins. By integrating with Ethena, a synthetic dollar protocol, Coinbase could offer activity-based rewards, potentially bypassing regulations and frustrating traditional banks.
The US Treasury has sanctioned four Iranian crypto exchanges, including Nobitex, as part of its "Economic Fury" campaign to cut Iran off from the financial system. The move aims to prevent the regime from developing nuclear weapons and evading sanctions.
The US has imposed sanctions on Nobitex, Iran's largest cryptocurrency exchange, and its executives, accusing them of helping the Iranian government bypass Western restrictions. The move, dubbed 'Economic Fury,' aims to increase economic pressure on Tehran amid ongoing conflicts.
The U.S. Treasury Department sanctioned Nobitex, Iran's largest crypto exchange, and three other platforms for allegedly facilitating terrorist financing and sanctions evasion. The Treasury claims these exchanges processed hundreds of millions of dollars in stablecoins to support the Iranian rial and fund illicit activities linked to the IRGC.
Robinhood has officially entered the Canadian market by acquiring WonderFi for $180 million, gaining its licenses and regulatory approvals. The deal brings crypto exchanges Bitbuy and Coinsquare under Robinhood's umbrella, aiming to expand its reach in the rapidly growing Canadian crypto sector.
Binance has launched US equities trading for eligible users, offering commission-free trading on over 7,000 stocks and ETFs. The exchange plans to introduce tokenized stocks, called bStocks, in the coming weeks, pending regulatory approval, as part of its expansion into a multi-asset platform.
The UK sanctioned 18 entities and individuals, including crypto exchange HTX and a stablecoin issuer, for allegedly helping Russia bypass Western financial restrictions via the A7 network. This marks the first time the UK applied its Russia sanctions regime to crypto exchanges, treating them as financial infrastructure.
The CFTC and Gemini have jointly moved to vacate a 2025 consent order, citing unreliable whistleblower testimony and improper regulatory influence, in a case where Gemini was fined $5 million for alleged misleading statements on Bitcoin futures manipulation risks.
The UK sanctions crypto exchange HTX for aiding Russia's financial sector through alleged ties to A7, a Russian crypto exchange. UK institutions are banned from doing business with HTX, and may freeze related transactions.
