Paxos Trust Company has agreed to a $48.5 million settlement with the New York State Department of Financial Services (NYDFS) over allegations it failed to monitor illicit activity linked to its former partner, cryptocurrency exchange Binance. NEW: DFS has secured a $48.5 Million settlement with Paxos Trust Company for anti-money laundering deficiencies and diligence failures….
Ripple, a leading force in enterprise blockchain and crypto-based payments, announced on Thursday its acquisition of stablecoin-powered platform Rail for $200 million. Today, we’re acquiring @RailFinancial: https://t.co/phM8Bnsa7m This strengthens Ripple’s leadership in crypto infrastructure and stablecoin payments by adding Rail’s robust back-office and virtual account capabilities to our global payments network. Learn how this deal…
SharpLink Gaming, Inc. (Nasdaq: SBET), one of the largest corporate holders of Ethereum, has announced a $200 million registered direct offering priced at $19.50 per share. NEW: SharpLink raises $200M in a direct offering led by four global institutional investors at $19.50/share This capital will be used to expand our Ethereum treasury, expected to surpass…
United States Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw is pushing back on the Division of Corporation Finance’s recent liquid staking statement in an August 5 statement of her own. Some Things Are Better Left Unsaid, Caroline Crenshaw Says According to Crenshaw’s Tuesday statement, the federal regulator slammed the division’s statement, alleging that certain…
United States President Donald Trump’s Working Group on Digital Asset Markets recently released its long-awaited crypto report. The document, which was made publicly available on July 30, outlines policy recommendations for regulating crypto in the U.S. The report includes recommendations on crypto market structure, jurisdictional oversight, banking regulations, promoting U.S. dollar hegemony through stablecoins, and…
The jury in the trial of Tornado Cash developer Roman Storm has reached its verdict, according to August 6 reports. Jury in Tornado Cash Case Hung on Two Counts According to reports, Storm has been found guilty on one count of operating an unlicensed money transmitting business. Judge: He may appeal, he has every incentive…
After nearly a month of trailing behind, meme coin launchpad Pump.fun has reclaimed its spot at the top of the Solana ecosystem, overtaking rival letsBONK.fun in key performance metrics. The shift marks a new chapter in the increasingly competitive meme coin wars unfolding on Solana. As of August 6, Pump.fun surpassed letsBONK.fun in 24-hour trading…
The altcoin season index has dipped to 36, but selective trading activity around Ethena, Sky, and Curve DAO suggests that traders are still rotating into certain assets. While broader market indicators are mixed, these three tokens have drawn interest from investors looking for volume, use cases, or yield mechanics. Ethena: Synthetic Dollar Protocol Gains Ground…
Key Takeaways: CaoCao signed a strategic cooperation agreement with Victory Securities to tokenize its green mobility assets through RWA structures. The collaboration covers stablecoin payments, asset-backed token issuance, and future compliant digital currency development. Robotaxi operations and battery-swapping stations will serve as the foundation for asset-backed financing products. CaoCao Inc., a Chinese electric vehicle mobility…
Cronos has gained attention in recent weeks as protocol upgrades and renewed liquidity flows bring it back into traders’ discussions. The CRO price now sits around $0.1437, according to CoinMarketCap, with a market cap of $4.66 billion and daily trading volume of about $34 million. Cronos Transaction Efficiency Improved in July In July, the network…