Two major Mainland Chinese financial groups are rushing into blockchain-based finance as the market heads toward explosive growth. Their moves signal that institutional adoption of real-world asset tokenization is accelerating faster than expected. Fosun Confirms Stablecoin License Push Fosun International has confirmed its application for a stablecoin license in Hong Kong. On August 6, founder…
Cathie Wood’s Ark Invest, an investment management firm, has acquired 2.53 million Bullish (BLSH) shares, a newly public crypto exchange. The purchase comes amid Bullish’s notable public entry, which saw its stock price surge by 83.78% post-launch. Cathie Wood’s Ark Invest Picks Up 2.53 Million Bullish (BLSH) Shares According to the official disclosure on X…
Just one week after launching the Claim Phase of its unprecedented Glacier Drop, the Midnight Network has surpassed a historic milestone: over 1 billion $NIGHT tokens claimed. With 51,266 wallets participating across eight major blockchain ecosystems, 4.21% of the total $NIGHT supply has already been secured by eligible users — marking the largest Glacier Drop…
Any investor who was active through the 2021 or 2024 market cycles understands how intense Dogecoin (DOGE) FOMO can be. With the market rebounding in August and altcoin market capitalization surpassing $1 trillion, the question arises: could such a frenzy return? Several notable August data points are fueling optimism among DOGE investors. DOGE Accumulation by…
Coinbase lost around $300,000 when an MEV bot swiftly drained funds due to a contract misconfiguration involving 0x Project’s switcher. No customer accounts or funds were affected. Coinbase classed the incident as isolated. A new security breach in decentralized finance highlights the risks of token approval protocols and MEV (maximal extractable value) strategies targeting crypto…
Binance, the world’s largest cryptocurrency exchange, announced Thursday it has restored access to its full suite of Binance Earn products for qualifying UK Professional Users. This follows clarification in UK financial regulation, confirming that staking is exempt from being classed as a collective investment scheme, and a review of how exemptions under the Financial Promotions…
Dunamu, the operator of South Korea’s largest cryptocurrency exchange Upbit, has unveiled a new custody service aimed at corporate and institutional clients, as regulatory green lights for virtual asset investments spark growing demand for secure storage solutions. Key Takeaways: Upbit’s new custody service stores 100% of client assets in offline cold wallets. Institutional clients can…
Ripple chief technology officer (CTO) David “JoelKatz” Schwartz used a late-Wednesday post on X to frame a surge of payments and stablecoin companies launching their own base-layer networks as validation of blockchain’s role in finance—and to restate how the XRP Ledger’s design differs from the new entrants. “We’ve been seeing more and more players in…
Cryptocurrency exchange Binance announced that it has reinstated access to its Binance Earn portfolio for eligible UK Professional Users after recent regulatory updates lifted previous restrictions on certain yield and lending services. The adjustment comes in response to regulatory guidance in the United Kingdom confirming that staking does not fall under the classification of a…
Ethereum ($ETH) is nearly back at its all-time high (ATH) of $4,868.80, recorded in November 2021. With its price now hovering between $4.7K and $4.8K, investor excitement is building. Altcoin season appears to finally be around the corner. And that makes now the best time to buy the top altcoins, including newcomers like Snorter Token…