Solana-based Step Finance is shutting down after a $40 million security breach drained its treasury. The firm said financing and acquisition efforts failed in the aftermath.
Stablecoin payments firm RedotPay is reportedly evaluating a US IPO that could raise over $1 billion and value the company above $4 billion. The move follows a year of significant fundraising and rapid user growth.
Stablecoin reserves on Binance have declined nearly 19% since November, reflecting weaker inflows and broader liquidity tightening across crypto markets.
Canaan acquired a 49% stake in three operational Texas mining facilities for nearly $40 million, deepening its shift from hardware manufacturing to infrastructure ownership.
ProShares’ GENIUS money market ETF posted $17 billion in first-day volume, highlighting rising demand for cash-management vehicles as tokenized funds and stablecoins reshape liquidity markets.
US lender Rate has introduced a mortgage product that allows verified cryptocurrency holdings to count toward underwriting requirements without requiring liquidation.
Austria’s financial regulator has barred KuCoin’s EU entity from onboarding new customers, citing gaps in key AML and sanctions compliance roles.
Crypto.com has received conditional approval for a national bank trust charter from the OCC, signaling continued regulatory engagement with digital asset firms seeking federal oversight.
Prediction market data shows rising bearish sentiment on Bitcoin as its market cap declines and liquidity signals weaken across the broader crypto market.
NYDIG research indicates capital in crypto is concentrating around financial use cases, with fewer applications attracting durable investor interest. The shift may clarify long-term winners while reducing speculative breadth.
Binance says its exposure to sanctioned entities has fallen sharply since 2024 as the exchange intensifies compliance investments and regulatory alignment efforts.
Vitalik Buterin suggests AI assistants could improve DAO governance by addressing low voter participation and information overload in decentralized decision-making.
JPMorgan acknowledged in a court filing that it closed accounts linked to Donald Trump after the January 2021 Capitol events, intensifying scrutiny over debanking practices.
An AI trading agent mistakenly transferred over $441,000 in tokens after a suspected decimal misread on the Solana network. The incident highlights operational risks in autonomous crypto agents.
Strategy is approaching its 100th Bitcoin acquisition as it continues an aggressive treasury accumulation strategy that began in 2020. The firm now holds over 717,000 BTC despite market volatility.