SC Ventures, the fintech and investment division of Standard Chartered, has acquired a strategic stake in GSR, a prominent cryptocurrency market maker that has been broadening its service offerings into tokenized financial services. This development marks the first instance of…
A senior official from the Bank of Italy has advocated for the European Union to consider the development of a tokenized version of its existing Single Euro Payments Area (SEPA) system, citing the growing relevance of tokenization in financial markets.…
Binance, the world’s largest cryptocurrency exchange by trading volume, has launched a new security measure designed to protect users from physical coercion and “wrench attacks.” This feature allows users to implement a withdrawal lockdown period, ranging from one to seven…
The Base network, an Ethereum scaling solution developed with backing from Coinbase, is integrating zero-knowledge (ZK) technology from Succinct to enhance its cryptographic security and transaction finality. This move signifies a strategic shift towards greater cryptographic assurance for the burgeoning…
The digital asset market experienced a notable uptick in the valuations of publicly traded crypto-related companies on Monday. This surge was largely attributed to advancements in legislative efforts concerning stablecoin regulation, specifically the proposed Clarity Act. Circle, a prominent issuer…
The Depository Trust & Clearing Corporation (DTCC) is set to commence limited production trades of tokenized real-world assets in July 2026, with a full service launch planned for October of the same year. This initiative, which has received approval from…
Major banking trade groups have expressed reservations about a proposed legislative amendment aimed at resolving a significant obstacle to advancing cryptocurrency market structure legislation. The amendment, a compromise reached by Senators Angela Alsobrooks (D-Md.) and Thom Tillis (R-N.C.) after months…
Western Union has launched a U.S. dollar-denominated stablecoin, USDPT, on the Solana blockchain. This initiative aims to enhance its global payment network by providing a 24/7 settlement asset. The stablecoin is issued by Anchorage Digital and leverages Fireblocks’ infrastructure for…
Decentralized finance (DeFi) protocol Aave has lodged an emergency motion in federal court to overturn a recent court order that effectively froze approximately $73 million worth of ether. The frozen assets are linked to the aftermath of the Kelp DAO…
Plaintiffs Payward, Inc., the parent entity of the cryptocurrency exchange Kraken, has filed an amended complaint accusing its former custodian, Etana Custody, of misappropriating approximately $25 million in client assets. The lawsuit, lodged with the U.S. District Court in Colorado,…