Category: crypto

Tether hired two senior executives from HSBC, a bank known for overseeing a large gold vault. The stablecoin issuer currently holds over $12 billion in physical gold reserves, with plans to expand. This move comes as Tether increases its gold holdings and becomes one of the largest non-state buyers of gold.

Coinbase has called off its $2 billion acquisition of BVNK, a U.K.-based stablecoin startup, after weeks of exclusivity discussions and due diligence. The deal would have been Coinbase’s largest move into the stablecoin market, but the decision to end talks has caused COIN shares to drop. Despite this, Coinbase remains interested in expanding its stablecoin…

Sonic Labs, under CEO Michael Demeter, is shifting focus to sustainable growth with a new long-term strategy. The company will expand to the U.S. with a New York office, introduce a fee and burn model, and prioritize fundamentals and utility over speculation. The goal is to create long-term value for builders, validators, and token holders.

Kalshi, a prediction market platform, has successfully defended against a legal challenge from three California tribes, allowing it to continue offering sports-event contracts on tribal lands. Despite facing legal pressure in multiple states, Kalshi has attracted significant venture capital and is now valued between $10 billion and $12 billion.

Startale Group has launched a super app for the Soneium ecosystem, providing TGEs, airdrops, and rewards. The app simplifies Web3 processes, allowing users to participate in Soneium activities without seed phrases or gas fees. It aims to attract mainstream users to Sony’s blockchain network and comply with Japan’s regulatory framework.

Cardano, down over 32% year-to-date, is launching the Cardano Card with Wirex, allowing users to spend ADA and over 685 crypto assets globally. The partnership aims to bridge traditional finance with blockchain, offering users access to financial services like yield-generating accounts and loans against digital assets through the Wirex platform.

Despite a $540 million private investment and listings on major exchanges, the Canton Network’s price dropped by over 30% after trading began. The project aims to bridge traditional and decentralized finance for institutional investors. Despite the setback, the network has received significant funding and support from major financial institutions.

The crypto market is stabilizing, with altcoins waiting for a Bitcoin rally to enter an upward phase. Bitcoin is trading around $105k to $107k, 16% below its all-time high. Altcoins have shown uneven gains, with a broader rally unlikely unless Bitcoin surges first, according to Wintermute analyst Jasper De Maere.

Constellation Network’s DAG token is now listed on Kraken, a major digital asset exchange, expanding global access and cross-chain reach. This integration through the INK Network showcases trust in Constellation’s technology. The collaboration aims to power verified data automation for the AI era, promoting decentralized finance and institutional trust.

Transak has obtained six new state Money Transmitter Licenses in the U.S., bringing its total to 11 states. This will allow the company to conduct compliant fiat-to-stablecoin transactions directly in each jurisdiction, expanding access for fintechs, wallets, and enterprise partners nationwide. The licenses mark a significant step in Transak’s efforts to establish a nationwide regulatory…