Category: crypto

World Liberty Financial has received preliminary approval from the OCC to establish a national trust bank overseeing over $4 billion in USD1 stablecoin circulation. The proposed bank, World Liberty Trust, must meet OCC conditions before opening, including maintaining $20 million in eligible capital. The bank will not operate as a traditional lender.

Bithumb reported a net loss of 21.8 billion won in the second quarter of 2026, with revenue falling 35.8% from the previous year. The company attributed the loss to lower trading activity in the Korean crypto market. Despite the loss, Bithumb remained profitable at the operating level.

Gen Z traders on Binance increased their ETF share of equity trading volume to 25% in early August, while individual stock allocation declined. They averaged fewer trades per month compared to Millennials and Gen X. The data also showed limited demand for leveraged ETFs among Gen Z users. Binance’s direct-equities products only reached meaningful scale…

Robinhood Ventures Fund II raised $225.5 million by pricing 8 million shares at $25 each. The fund opened at $22.50 on the NYSE, 10% below its IPO price. It targets early- and growth-stage companies connected to Y Combinator, allowing retail investors to invest in private businesses indirectly. The fund is structured as a business development…

Africa Finance Corporation issued a $431 million five-year digital bond through SIX, becoming the first African institution to do so on a regulated exchange and central securities depository. The bond has a coupon rate of 1.4925% and investor demand mainly came from Swiss accounts. Proceeds will fund infrastructure projects in Africa.

Solana Company reported a $30.3 million loss in Q2 despite earning $2.5 million in revenue mainly from staking SOL holdings. Revenue increased from the previous year, but fell from Q1. The company earned 31,200 SOL in rewards, but high operating expenses and losses on digital assets led to the significant loss.

Bitget has expanded its Stock Dual Investment offering to include more than 20 U.S. stock and ETF-linked tokens with settlement at 11:30 p.m. UTC+8. The platform offers Buy Low and Sell High strategies for tokens linked to major technology stocks, cryptocurrency companies, and leveraged ETFs. An invitation-only deposit promotion offers up to 3,000 USDT in…

Dartmouth College’s crypto ETF holdings decreased by 15% to $12.4 million in the second quarter, while its $9 billion endowment maintained the same number of fund shares. The value of the holdings fell by about $2.2 million due to changes in market values, with Bitcoin, Ether, and Solana funds being retained.

RedotPay has delayed its planned US IPO due to regulatory approvals and legal disputes with Binance. The company recently obtained a US money transmitter license and reported record results in Q2 2026. RedotPay offers stablecoin-based payment services and has raised significant funding. The IPO delay comes as the company faces a lawsuit seeking $473 million…

Citigroup CEO Jane Fraser supports the CLARITY Act but wants changes to stablecoin reward rules. She believes stablecoin rewards could impact bank deposits and lending ability. A Senate compromise would allow rewards tied to activity. Banking groups worry about deposit losses, while crypto firms argue against restrictions. Senate vote expected in September.