FTX is seeking court approval to dispute claims from 49 restricted jurisdictions, with Chinese users accounting for 82% of the total value, despite constituting only 5% of the allowed claims in these territories. The move creates a new hurdle for creditors in countries where crypto trading is subject to legal restrictions or where FTX lacked […]
JPMorgan has cast doubt on the bullish projections surrounding stablecoins, predicting the market will only grow to $500b by 2028 and cautioning that trillion-dollar forecasts are “far too optimistic.” The bank pointed to weak mainstream adoption and limited use beyond crypto trading as key hurdles to growth. Reuters reported Friday that the brokerage said stablecoins
JPMorgan Sees Stablecoin Outlook as Less Rosy Than Bulls Think Read More »
An exclusive new South Korean social club that caters to the super-rich and commands a KRW 1 billion ($734,290) annual membership fee could exclude people who made their fortunes from trading crypto, a report has claimed. A reporter from the South Korean newspaper Kookmin Ilbo visited the club, named DYAD Cheongdam, and wrote: “Not everyone
1 Billion KRW Korean Social Club ‘May Exclude People Who Made Money from Crypto’ Read More »
Key Takeaways: BoE Governor Andrew Bailey said the definition of a reserve currency is shifting, now centered on liquidity and safety rather than convertibility. He warned that stablecoins could weaken monetary trust if widely adopted outside regulatory frameworks. Bailey called on central banks to reassess their role amid payment innovation and cross-border liquidity risks. Bank
Criminal hackers exploited a critical vulnerability in a Brazilian banking infrastructure on Monday, stealing over R$1 billion (~$180 million) from reserve accounts in what authorities called the largest cyberattack in the country’s financial history. According to Brazil Journal, C&M Software, a Central Bank-authorized service provider that handles API connections for financial institutions in Brazil, became
The US SEC has abruptly frozen the approval of the Grayscale Digital Large Cap Fund’s conversion into an exchange-traded fund, halting its launch just a day after the green light was given. On July 1, the SEC’s Division of Trading and Markets approved the NYSE Arca’s proposal to list and trade shares of the Grayscale
SEC Freezes Grayscale Digital Fund ETF Conversion One Day After Approval — What Changed? Read More »
Crypto adoption has reached the French Riviera, with more than 80 merchants across the area now accepting stablecoins and cryptocurrency payments, following a new partnership between Binance Pay and French fintech firm Lyzi. The initiative, which spans cities including Cannes, Nice, Antibes, and Monaco, marks one of the most expansive real-world deployments of crypto payments
Binance Pay Lights Up French Riviera: 80+ Merchants Now Take Stablecoins Instantly Read More »
The South Korean crypto exchange Bithumb is set to launch a spinoff company as it pushes ahead with an initial public offering (IPO) bid. The trading platform has indicated that it is still on track to debut on the KOSDAQ exchange in the first half of 2026. However, South Korean market insiders are reportedly wary
Bithumb Launches Spinoff as Part of IPO Bid as More Banks Join Stablecoin Union Read More »
KBC Bank is preparing to offer cryptocurrency trading to its retail clients, making it the first major bank in Belgium to move into the space. The bank plans to offer Bitcoin and Ether investments through its Bolero investment platform later this year. According to a local source, KBC said it is currently undergoing an assessment
Former Binance CEO Changpeng “CZ” Zhao has donated $10 million in BNB tokens to Ethereum co-founder Vitalik’s open-source biotech initiatives, revealing the contribution months after the private transfer was made. Moved by this post. Just doing my little part. The best way to attract mission-driven talent is having conviction yourself. Likeminded people naturally come together.
CZ’s $10M BNB Gift Turbo-Charges Vitalik’s Biotech Push Read More »
