Category: crypto

Hyperliquid activated its Aligned Quote Asset v2 framework for USDC on August 26, directing reserve yield toward its Assistance Fund. Coinbase and Circle are involved in managing the technical and treasury aspects. Approximately 90% of the revenue generated will be shared with the Hyperliquid protocol. The first payment is scheduled for October 3.

Dunamu is the first South Korean crypto exchange operator approved to use the government’s administrative information system for customer verification. Upbit, owned by Dunamu, will benefit from reduced paperwork for KYC checks. The approval comes after regulatory scrutiny over Upbit’s compliance with KYC and anti-money laundering controls.

City Protocol raised $11 million across seed and Pre-A funding rounds from investors like Dragonfly, Jump Crypto, and CMT Digital. They plan to expand infrastructure for blockchain-based investment products. Venzo offers four strategy vaults, and the company is developing thematic portfolios that will operate directly inside user wallets. Regulatory concerns around investment management in smart…

MTS, Rostelecom, and MegaFon in Russia are getting ready to accept digital ruble payments starting from September 1 as part of the nationwide central bank digital currency rollout. Large merchants and major banks are required to support digital ruble transactions, with Wildberries and Ozon also preparing to accept digital rubles.

Bitfire Group launched a compliant crypto asset quantitative strategy in Hong Kong, targeting market-neutral opportunities in crypto and AI-related assets for professional and institutional investors. The strategy is part of Bitfire’s expanded real-world asset business, which includes asset management, trading, and custody. Profit-contributing assets under management have exceeded HK$2 billion.

Binance added Trump Media bStock DJTB as margin collateral on August 26 for qualifying users, limited to VIP 3 and above in approved jurisdictions. DJTB does not grant ownership of Trump Media shares and faces liquidation risk if its price declines. U.S. investors are excluded from trading DJTB.

Revolut has launched its first stablecoin, EURR, for selected customers in Denmark, Poland, and Portugal. The stablecoin is issued by Bridge Building and maintains a value of €1 under MiCA requirements. Revolut plans to expand EURR across other EEA markets in 2026 and develop stablecoins tied to other currencies.

Shinhan Financial Group has partnered with Visa to develop stablecoin payment infrastructure in South Korea. The agreement includes testing stablecoin issuance and transfers, exploring AI-powered payments, and expanding B2B and B2C payment services. Shinhan has already tested stablecoin payments on Solana and is working on tokenized financial products.

Cryptex Finance filed an amended registration statement on Aug. 24 for its proposed Digital Market Cap ETF, with XRP at a 4.88% fund weighting. The document mentions possible XRP escrow releases, but it is from Cryptex, not an SEC finding or confirmed by Ripple directly. Ripple cannot unlock existing XRP escrow early due to time-based…