Category: crypto

Swiss Bitcoin company FUTURE raised $35 million from crypto industry pioneers to establish a new institutional standard for Bitcoin custody and treasury management in Switzerland. The company plans to expand its BTC treasury, custody infrastructure, and advisory services under Swiss financial governance, positioning Bitcoin as an alternative for corporate treasury management.

Crypto investigator ZachXBT will support BNB Chain in addressing hacks and scams. BNB Chain has suffered from multiple exploits recently, including a $2 million hack and a $570 million theft. ZachXBT’s expertise will help improve security and transparency within the BNB ecosystem.

Solana Foundation President Lily Liu announced plans to create an “internet capital market” enabling on-chain IPOs. Solana aims to bridge traditional finance with blockchain technology. Liu highlighted Solana’s role in the stablecoin market and partnerships with Franklin Templeton and Western Union to expand blockchain applications in payments and financial infrastructure.

Major U.S. cryptocurrency-related stocks experienced significant declines in pre-market trading, with companies like MicroStrategy, Coinbase, and Robinhood all seeing drops. This trend reflected broader losses in the crypto market, with Bitcoin, Ethereum, Binance Coin, Solana, and XRP all posting steep weekly declines. The negative sentiment in the market suggests ongoing volatility.

Sun Wukong, the first Chinese decentralized contract exchange, has reached over $3.65 billion in trading volume and 35,600 active users within a month of its launch. Despite the trading ban in mainland China, Hong Kong is emerging as a digital-assets hub. The platform offers features like zero trading gas fees and supports multiple major chains.

SBF’s legal team will argue before the 2nd U.S. Circuit Court of Appeals that his FTX fraud conviction should be overturned. They claim the trial judge blocked evidence that could have influenced the jury’s decision. SBF denies wrongdoing, attributing FTX’s collapse to mismanagement and panic. His appeal aims to overturn his conviction and secure an…

UBS completed the first live onchain transaction for a tokenized money market fund using Chainlink’s infrastructure on Ethereum. This process automated fund operations from order to settlement. The transaction demonstrates the potential for tokenized fund operations to be executed entirely onchain while maintaining compliance and security standards.

Singapore Gulf Bank has partnered with Fireblocks to expand its crypto services, offering custody, fiat ramps, and stablecoin issuance. Backed by Bahrain’s sovereign wealth fund, the bank aims to provide a regulated banking experience to crypto companies. This integration signifies the growing convergence between traditional finance and DeFi.

OKX’s X Layer will use Chainlink’s cross-chain services to connect traditional finance with DeFi. The partnership will allow X Layer developers to access off-chain market data and enable seamless data transfers across different blockchain networks. OKX will cover the cost of Chainlink’s services for X Layer applications to reduce developer costs.

CleanSpark sold 589 bitcoin for $64 million in October to fund a new AI data center in Texas. The company produced 612 BTC last month and is focusing on developing data centers for innovation. Other firms like IREN, Riot, and Cipher are also shifting from Bitcoin mining to AI and high-performance computing infrastructure.