Category: crypto
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Zodia Custody secures Luxembourg licence to expand EU stablecoin services
Zodia Custody has obtained a Payment Institution license in Luxembourg, allowing for regulated custody and transfer of stablecoins across the EU. The approval complements the company’s existing MiCA license and is part of a plan to integrate with Standard Chartered’s digital asset operations. Zodia aims to consolidate custody operations and expand services for institutional clients…
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OKX adds Magnificent 7 stocks and commodities to European X Perps offering
OKX has launched 13 new X Perp markets in Europe, offering futures tied to major U.S. tech stocks, commodities, and stock indices. Trading volume for X Perps has increased by 447% since May 1. The exchange plans to introduce a SpaceX-linked X-Perp following the company’s IPO. Regulatory compliance is a focus due to upcoming EU…
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Morpho raises $175M at $2B valuation for institutional DeFi push
Morpho Association raised $175 million in funding from investors, led by Paradigm, a16z Crypto, and Ribbit Capital. The funding valued Morpho at about $2 billion and will support technical development, commercial integrations, and wider use of its open credit infrastructure. The network already has over $11 billion in deposits and is used by major finance…
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Ripple’s David Schwartz explains his XRPL role in verse
Ripple CTO Emeritus David Schwartz responded to criticism of his title with a detailed poem about his role in the development of the XRP Ledger. The poem covered various topics including cryptography, payments, custody, and decentralized exchanges. Schwartz remains involved in public discussions about XRP and blockchain security despite stepping away from daily leadership duties.
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Starknet launches STRK20 privacy for every ERC-20 token
Starknet has launched STRK20, a zero-knowledge privacy framework that gives ERC-20 assets shielded balances and private transfers. Developers can add confidential flows without separate privacy systems for each token. Viewing keys allow targeted disclosure for legal requests while protecting transaction histories. strkBTC is the first use case.
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China court treats Bitcoin as property in 107 BTC theft case
A man in China was sentenced to 10 years and nine months in prison for stealing 107 Bitcoin by memorizing a wallet recovery phrase. Prosecutors treated Bitcoin as property due to holders’ control through private keys and recovery phrases. The ruling does not change China’s restrictions on cryptocurrency trading.
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FixedFloat suspends Huobi funds, but did UK sanctions go too far?
FixedFloat tightened compliance rules for transactions linked to Huobi or HTX after UK sanctions. The exchange now suspends Huobi-origin funds, requires extra checks, and warns users to check for connections to sanctioned entities. UK authorities included HTX under Huobi sanctions, but HTX disputes the legal connection. ZachXBT warns of broad address tainting consequences.
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Bitcoin’s store of value case remains intact despite weak inflows: Bernstein
Bitcoin has attracted $12 billion in inflows from ETFs and corporate treasury buyers in 2026, with corporate treasuries contributing the most demand. Despite ETF outflows and weaker retail participation, Bernstein believes Bitcoin’s store-of-value case remains intact as institutional ownership grows. Institutional participation is deepening, with corporate treasury buying offsetting ETF redemptions.
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Strategy buys 1,550 Bitcoin after sale as cash reserve hits $1B
Strategy has resumed accumulating Bitcoin, buying 1,550 BTC after selling 32 BTC. This purchase raised its total holdings to 845,256 BTC and its dollar reserve to $1 billion. Despite Bitcoin trading below Strategy’s average cost of $75,680, the company still holds large unrealized losses. Strategy funded the purchase through share sales.
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Bitmine’s 5.54M Ethereum bet puts its 5% supply goal within reach
Bitmine Immersion Technologies has increased its Ethereum treasury to 5.54 million ETH, nearing its goal of owning 5% of the network’s supply. With more than 4.71 million ETH staked, the company projects annual revenue of about $230 million. Bitmine purchased 126,971 ETH, bringing its total holdings to 5.54 million tokens.