Coinbase is accusing the Federal Deposit Insurance Corporation (FDIC) of stonewalling court orders and obstructing efforts to expose documents tied to the alleged “Operation Chokepoint 2.0,” according to new filings in federal court. Key Takeaways: Coinbase claims the FDIC is obstructing court-ordered disclosures tied to crypto regulation. At issue are alleged “pause letters” pressuring banks…
A growing wave of Hong Kong-listed companies is tapping equity markets to back crypto ventures, raising more than $1.5 billion in July alone. Key Takeaways: Hong Kong-listed firms raised over $1.5 billion in July for crypto ventures. The funding surge follows new stablecoin regulations set to take effect. Investor interest in blockchain and stablecoins is…
Coinbase reported a sharp drop in retail trading volumes for Q2, with total transaction revenue falling 39% quarter-over-quarter to $764 million. Key Takeaways: XRP outperformed Ethereum in Coinbase’s Q2 consumer revenue, holding a 13% share. Retail interest in XRP surged after legal clarity, with Q1 trading share peaking at 18%. XRP notional open interest hit…
A fresh wave of capital is flooding into altcoins as Bitcoin trades near $120,000. According to a new CryptoQuant report, several key indicators are pointing to a possible “altseason,” a period when alternative cryptocurrencies outperform Bitcoin. Bitcoin dominance, which measures BTC’s market share, has dropped sharply. The metric fell by over 6.3% in recent weeks…
Ondo Finance continues to strengthen its position as a leading force in the tokenized finance space. Since launching its token in January 2024, the project has grown rapidly, carving out a prominent role in the intersection of Real World Asset (RWA) tokenization and decentralized finance (DeFi) integration with traditional finance (TradFi). This momentum reached a…
The crypto market enters August 2025 with traders debating whether a muted altcoin season is underway. While the Altcoin Season Index sits below 40, suggesting Bitcoin dominance remains strong, selective altcoins are showing renewed traction. Three tokens stand out in this cycle: Cardano, Dogwifhat, and Fartcoin. Each reflects a different strand of the current rotation,…
Phoenix Group, a publicly listed Bitcoin mining company based in Abu Dhabi, has unveiled a $150 million strategic cryptocurrency reserve, making it the first firm on the Abu Dhabi Securities Exchange (ADX) to hold a digital asset treasury. Key Takeaways: Phoenix Group has launched a $150M crypto reserve, becoming the first ADX-listed firm to hold…
A global malware campaign has exposed more than 10 million people to deceptive crypto app ads, according to a new report from cybersecurity firm Check Point. Key Takeaways: Fake crypto app ads have exposed over 10 million people to malware. The malware uses JavaScript and advanced evasion tactics to avoid detection. Victims risk losing passwords,…
The US Securities and Exchange Commission (SEC) is inching closer to broader crypto ETF approvals, thanks to new listing standards centered on derivatives markets. This comes only days after the securities regulator approved in-kind ETF redemptions, allowing investors to swap tokens directly with issuers. Crypto ETFs Get Derivatives-Driven Framework Under New SEC Standards According to…
Crypto exchange Kraken reported $411.6 million in revenue for the second quarter, marking an 18% year-on-year increase, according to the company’s latest financial disclosure published Wednesday. Key Takeaways: Kraken posted $411.6 million in Q2 revenue, up 18% year-on-year. Exchange volume rose 19% from last year but declined 11% from the previous quarter. The firm is…