Category: crypto

U.K. authorities are investigating Basis Markets, a failed crypto hedge fund that allegedly defrauded investors of $28 million. Two men were arrested on suspicion of fraud and money laundering in connection with the collapse of the fund. The Serious Fraud Office is leading the investigation and seeking information from investors.

A coalition of over 65 crypto firms, led by the Solana Policy Institute, has written a letter to President Trump urging clarification of digital asset regulations and crypto-friendly tax policies. They want federal agencies to drop charges against developers like Roman Storm, clarify tax rules, and protect developers and users in the crypto space.

VerifiedX and Crypto.com have partnered for a $1.5 billion deal for asset custody and liquidity. The collaboration offers institutional clients regulated custody, layered permissions, and OTC trading. This partnership responds to the rising demand for compliant digital asset solutions and builds on their prior collaboration, with VerifiedX leveraging Crypto.com’s infrastructure for institutional-grade services.

Toobit, along with professional rock climber Chris Sharma, has launched a $1 million trading campaign offering rewards such as crypto prizes, high-end devices, and branded merchandise. The campaign includes tasks related to onboarding, deposits, and trading activities across various platform services. Toobit also highlights its $50 million risk reserve fund for trader protection.

The Bitwise XRP exchange-traded fund had a successful debut on the NYSE with around $25 million in first-day volume. The fund is backed by actual XRP held in Coinbase custody. XRP is trading at $1.92 with on-chain losses at the highest level since April 2025. Other U.S. spot XRP ETFs are expected to launch soon.

Orbs has introduced dSLTP, a decentralized stop order protocol for DEX users, providing on-chain stop-loss and take-profit orders without centralized intermediaries. This protocol, part of Orbs’ Advanced Trading Orders Suite, enhances DeFi trading with CeFi-grade features, offering protection and automation for traders in volatile markets.

The UK government has introduced a new Cyber Security and Resilience bill to Parliament, expanding cyber regulations to more tech and service sectors. Noncompliant firms could face penalties, and the law targets AI misuse while aligning UK standards with EU norms. The bill aims to protect business and public from cyber threats.

Bitmine is aggressively buying Ethereum, with recent purchases totaling $49 million, aiming to build a large corporate crypto treasury. Chairman Tom Lee warns of weak market maker liquidity affecting crypto markets, with firms still recovering from October’s crash. Bitmine funds purchases through equity raises, cash reserves, and staking rewards.

Phemex is celebrating its 6th anniversary with a $6 million festival offering rewards like Rolex watches and iPhone 17 Pro Max prizes. The campaign runs from November 19 to December 19, 2025, with different venues offering rewards for trading behaviors. CEO Federico Variola emphasizes the platform’s growth and diversified ecosystem.

Prediction-market platforms Polymarket and Kalshi are expanding into web3 and global markets to find new revenue streams. They are seeking regulatory approvals and partnerships with sports organizations. The expansion plans were revealed at a private New York dinner attended by ICE CEO Jeffrey Sprecher. Both companies are exploring decentralized technologies and international venue partnerships as…