Category: crypto

Upbit has partnered with Optimism to create GIWA Chain, an Ethereum Layer 2 blockchain. This partnership allows Upbit to run its own infrastructure under the Self-Managed OP Enterprise tier, retaining control over sequencer operations. The network is expected to support Upbit’s blockchain-based financial services, with a focus on remittance systems.

U.S. banking groups are concerned that the CLARITY Act’s language on stablecoin rewards does not adequately prevent risks to bank deposits. Despite efforts by lawmakers, the updated provisions still allow incentives that could lead to deposit outflows. Senators Tillis and Alsobrooks defend the compromise, but banks warn of potential negative impacts.

Polygon has introduced private stablecoin transfers using zero-knowledge proofs to hide transaction details from public view while meeting compliance checks. This feature allows users to maintain privacy while generating audit records for regulators. The move is part of Polygon’s efforts to position itself as a payments-focused platform for stablecoin flows and expand its Open Money…

Uphold disputes the NYAG’s claims about its $5 million settlement with CredEarn. Uphold says the NYAG misrepresented facts about the settlement and that it froze Cred’s platform access quickly after learning about liquidity issues. The NYAG stated that Uphold promoted CredEarn, leading to customer losses. Uphold settled without admitting liability.

Bitmine chairman Tom Lee believes the crypto market is in an early recovery phase despite cautious investor sentiment. The company has purchased over 101,745 ETH worth $242 million, increasing its total holdings to 5.1 million ETH. Bitmine has staked over 4 million ETH, accounting for about 10.5% of the total supply.

Moscow Exchange will introduce four new crypto indexes for professional investors – SOL, XRP, TRX, and BNB. Binance will provide 50% of pricing data with other platforms contributing the rest. The indexes will track Solana, XRP, Tron, and BNB and update every 15 seconds. The exchange plans to expand to ten crypto assets in the…

Strive, Inc. increased its Bitcoin holdings to over 15,000 BTC by purchasing 444 bitcoin for $33.9 million. The company raised $225 million through its SATA preferred stock, with demand exceeding $600 million. Strive’s approach is focused on a Bitcoin-first capital model, with its treasury expansion linked to a structured capital strategy.

Prime Minister Narendra Modi condemned the missile and drone attacks on the UAE after three Indian nationals were injured in Fujairah. Pakistan and Canada also criticized the attacks, calling for restraint and de-escalation. Tensions in the Hormuz Strait impacted oil, shipping, and Bitcoin markets. Iran denied involvement in the attacks.

Coinbase Australia has introduced support for self-managed super funds, allowing trustees to invest in cryptocurrency within retirement portfolios. This move targets the AU$1.06 trillion assets held by Australian SMSFs. The launch follows Coinbase’s AFSL approval and aims to provide compliant and user-friendly crypto services for Australian investors.

Ripple is sharing internal threat intelligence on North Korean hacking operations with the crypto industry to help firms detect insider-driven attacks earlier. The move follows incidents where attackers infiltrated teams over months, gaining trust before moving funds. Ripple is contributing enriched datasets to Crypto ISAC, improving real-time response to threats.