Category: crypto

The European Commission proposed sanctions on 20 non-EU entities, including crypto platforms, to prevent Russian sanctions evasion. The package could introduce the EU’s first country-level ban on foreign crypto services linked to Russia. Chainalysis reported significant transaction volume tied to Russia-linked crypto activity. Regulators are increasing pressure on crypto infrastructure supporting sanctioned states. Russia is…

Ant International is considering a $1 billion fundraising round at a valuation of over $10 billion. The Singapore-based fintech unit has been profitable for eight consecutive quarters and is expanding its cross-border payments business. The company plans to raise capital to support international growth, with existing backers including General Atlantic and Silver Lake. Ant International’s…

Despite Bitcoin’s drop towards $60,000, major investors like family offices and sovereign funds are buying at lower prices instead of reducing exposure. Coinbase Institutional’s John D’Agostino says institutional holders are not dangerously leveraged. Institutional demand remains stable, with ETF exposure near $100 billion. Investors are treating lower prices as entry points.

Over 200 crypto companies and industry organizations are urging the U.S. Senate to schedule a floor vote on the CLARITY Act before the August recess. Concerns over unresolved provisions, shrinking legislative window, and potential delays are growing. The bill aims to establish regulatory rules for digital assets and keep innovation in the U.S.

Circle has launched cirBTC on Ethereum, a wrapped Bitcoin token backed 1:1 by BTC in regulated custody. Chainlink Proof of Reserve provides onchain verification. It aims to bring Bitcoin-backed collateral to institutional DeFi markets. Reserve transparency is ensured, and future integration with Arc will expand to other blockchains.

The Bank of Japan is planning to raise interest rates to 1.0% from 0.75%, which could impact global liquidity and crypto markets. The move is seen as a response to inflation risks, with potential consequences for the yen carry trade and risk assets. Analysts are monitoring the situation closely.

Cardano founder Charles Hoskinson believes the blockchain can become a global operating system by reducing the cost of trust. He argues that decentralized systems can eliminate costly intermediaries and rebuild trust in global financial markets. Despite challenges such as ADA’s five-year low and falling TVL, Hoskinson remains committed to Cardano’s mission of replacing expensive intermediaries…

THORChain is moving into the next phase of recovery from the May 15 vault exploit by introducing version 3.19.0. Validators are reviewing this upgrade, which includes security patches and the ADR-028 loss-recovery plan. The release also adds compromised-vault quarantine and temporary keyshare checks before restoring network services.

Metaplanet is considering share buybacks after its mNAV ratio fell below 1.0x. The company holds 40,177 BTC, with an mNAV of 0.92x. Capital allocation decisions are focused on maximizing BTC Yield, with potential repurchases when mNAV is low. Any buybacks must comply with Japanese regulations. Quarterly results showed a net loss due to a non-cash…

SAHARA token by Sahara AI fell around 55% due to a sudden sell-off, with trading volume surging. The team denied insider selling, attributing the drop to a planned transfer of 600 million tokens to a Chainlink bridge contract. The project’s contracts and products were deemed secure, with an ongoing investigation into the cause of the…