Investor appetite for crypto exchange-traded funds showed no signs of cooling on July 28, with spot Bitcoin ETFs pulling in $157m in net inflows, marking the third straight day of gains. BlackRock’s IBIT led the charge with $147.36m, significantly outpacing its peers and reinforcing its lead among spot Bitcoin products. Cumulative inflows into US spot…
Interactive Brokers is weighing the launch of its own stablecoin, potentially deepening its involvement in digital assets as US regulations surrounding the crypto industry begin to loosen. Founder Thomas Peterffy confirmed in an interview with Reuters that the firm is exploring the idea but has yet to finalize how the offering would be made available…
Coinbase is reportedly in late-stage talks to acquire Indian crypto exchange CoinDCX, weeks after the $44 million crypto heist. According to Indian media outlet Livemint, the deal would appraise CoinDCX at below $900 million, a steep decline from its peak valuation of $2.2 billion in 2021. Per two sources familiar with the development, Coinbase views…
Key Takeaways: Industrial Bank links stablecoin research with AI under China’s digital finance agenda. Zhu Guangyao calls dollar stablecoins a new Bretton Woods mechanism. Stablecoin infrastructure may become central to Belt and Road trade integration. China Industrial Bank will prioritize research into stablecoins and expand its “AI+” initiative, according to a report published by Shanghai…
Roman Storm is calling on the public to contribute to his legal defense fund as he awaits his fate during the final days of his landmark trial in Manhattan federal court, a new X post from the Tornado Cash developer shows. Storm Pleads for Help as Trial Nears End “We’re running out of time —…
A coalition of high-ranking Senate Democrats is pushing back against Federal Housing Finance Agency (FHFA) Director William Pulte’s recent order that would allow mortgage lenders to utilize unconverted crypto in the underwriting process, according to a new letter sent to the investment firm founder. Senators Raise Red Flags Over Crypto Mortgage Lending According to the…
Grab has expanded its crypto wallet top-up feature to the Philippines, allowing users to fund their GrabPay e-wallets with Bitcoin, Ethereum, USDC, and USDT through a partnership with payments provider Triple-A and local exchange PDAX. The expansion builds on the successful launch of crypto top-ups in Singapore in March 2024, where Grab became the first…
OpenLedger has recently launched its AI chat platform OpenChat, which allows all users to earn from their contributions. According to the press release, this “is the first AI chat platform where every message, dataset, and model tweak is logged on-chain and credited to its source.” OpenChat records each exchange onchain via OpenLedger’s Proof of Attribution…
Major BTC lender Ledn has announced the launch of its Private Wealth program, “a tiered experience with relationship managers, expedited processing, and preferential rates.” Per the press release shared with Cryptonews, this program is specifically for high-net-worth clients, institutional investors, and corporations that “want to turn long-term Bitcoin holdings into strategic capital.” The new offering…
Solana co-founder Anatoly Yakovenko has dismissed meme coins and NFTs as “digital slop” with no intrinsic value, comparing them to mobile game loot boxes, despite his blockchain hosting the most active meme coin ecosystem, which generates billions in trading volume. Yakovenko made the comments during a Twitter exchange with Base’s Jesse Pollak, questioning whether Zora…