Category: crypto

Texas is seeking custody services to move its $10 million Bitcoin reserve from IBIT into direct Bitcoin holdings. The state has opened a search for providers to acquire, hold, manage, and report its Bitcoin and crypto assets. An advisory committee has been appointed to guide the reserve’s management with a focus on transparency and security.

DxSale lost $7.3 million in a BNB Chain exploit affecting 1,400 liquidity providers. The attack involved a hidden contract backdoor and ownership transfer. DeFi protocols lost $52 million to hacks in May. Researchers identified the exploit and traced the stolen funds to multiple deposit addresses associated with Binance.

Crypto.com and Fanatics Collectibles will embed the official UEFA Champions League Final match coin into a one of one Topps trading card, merging tokenization with physical memorabilia. The card will be tokenized on Cronos and unlock experiences for the 2026 to 2027 Champions League season. One lucky fan will win the card through a Topps…

Morgan Stanley has disclosed holdings in two XRP-focused exchange-traded funds, showing exposure to Ripple’s cryptocurrency. The bank also plans to launch a spot Solana ETF. Despite small holdings, this move reflects a trend of financial institutions gaining exposure to XRP through regulated investment products. Institutional interest in XRP-related products remains strong.

Apollo and Blackstone are syndicating $36 billion in debt to finance Anthropic’s Google TPUs, with Broadcom backstopping payments. The deal aims to scale AI infrastructure for Anthropic’s Claude chatbot and models. Anthropic’s valuation has reached $965 billion as AI revenue grows. Private equity shows interest in AI infrastructure investments.

Wintermute, a large quantitative market maker in crypto, is entering prediction markets. Monthly trading volume on prediction market platforms has exceeded $20 billion. Wintermute aims to provide liquidity and improve trading quality in these markets. Other institutional market makers are also involved in event contracts, with lifetime trading volume exceeding $150 billion.

The U.S. Commodity Futures Trading Commission approved Kalshi to launch the first federally regulated Bitcoin perpetual futures contract in the United States, allowing for onshore crypto derivatives trading. Coinbase also received a no-action letter for certain perpetual futures products. Kalshi aims to expand beyond prediction markets amid regulatory challenges.

CFTC approves first bitcoin perpetual futures contract on regulated U.S. exchange, ending offshore dominance. Chairman Selig states move aligns with Trump’s goal to make America a crypto capital. Perpetuals allow indefinite trading without expiration. Kalshi and Polymarket compete for market share. CFTC aims to limit leverage and volatility.

Crypto.com and OG Prediction Markets have partnered with the U.S. SailGP Team for a multi-year deal, introducing CFTC regulated prediction markets to elite foiling yacht racing. With this partnership, fans can trade regulated event contracts via OG’s prediction platform, furthering SailGP’s engagement with sports betting and data-driven fan interaction.

Alex Mashinsky is attempting to shift blame for Celsius’ collapse to FTX and its former CEO Sam Bankman Fried in court filings, despite confessing to manipulating CEL himself. He accuses FTX of orchestrating the market manipulation of CEL, contradicting his guilty plea. Mashinsky also accuses former CRO Roni Cohen Pavon of plotting a hostile takeover,…