Category: crypto

OSL Digital Securities in Hong Kong has opened XRP trading to retail investors, offering direct spot access to XRP/USD and XRP/HKD through Flash Trade and OTC trading. This comes as US lawmakers debate federal crypto market rules. XRP joins Bitcoin, Ethereum, and Solana as assets available to OSL’s retail clients.

Aviva Investors has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger in partnership with Ripple. The Central Bank of Ireland approved this new share class, allowing investors to access the fund through digital wallets while BNY Mellon holds the underlying assets. Ripple also recently expanded its institutional product…

White House crypto adviser Patrick Witt criticized banking leaders seeking tighter stablecoin reward restrictions as Senate delays pushed the CLARITY Act’s passage odds to a record low. 134 banking executives urged senators to expand restrictions on stablecoin rewards and incentives, while Witt accused banks of opposing legislation that prohibits stablecoin issuers from paying interest. Senate…

Freehand has raised $75 million from US investors to expand its AI agents that handle invoices, supplier negotiations, payments, and other supply-chain tasks for large companies. Battery Ventures and NewRoad Capital Partners co-led the funding round, with the company already working with major clients like Meta, Unilever, Pfizer, and Johnson & Johnson. The startup plans…

Tether’s US-focused stablecoin USAT has launched on Celo, offering native minting and burning functions on the network. Celo users can pay network gas fees with USAT. USAT has reached a market capitalization of $185 million since its launch in January and targets US payroll payments.

Trump threatened a strong response after Iran attacked U.S. forces in Jordan, causing oil prices to rise. The Dow fell, Bitcoin briefly recovered, and the U.S. Treasury targeted Iran-linked crypto payments. American and Saudi forces also attacked Iran-backed groups in Iraq. Oil prices surged due to the renewed risks in the Middle East.

A federal judge denied the CFTC’s request to prevent Wisconsin from enforcing state gambling laws on prediction market platforms like Kalshi, Polymarket, and Robinhood. The court found that sports event contracts could fall under Wisconsin’s gambling laws. The CFTC plans to appeal the ruling, adding to the uncertainty of prediction markets’ legal status.

BitRiver founder Igor Runets has been moved from house arrest to pretrial detention in Moscow for two months over an alleged fraud involving nearly ₽1 billion. Investigators claim that Runets did not fulfill a contract for mining equipment, leading to the criminal charge. BitRiver is also facing bankruptcy proceedings.

Robinhood Markets reported record second-quarter revenue of $1.31 billion, with net income increasing 48%. Event contract revenue surged to $156 million, surpassing cryptocurrency revenue. Crypto revenue fell 38% to $100 million. Robinhood also saw growth in net interest and other revenue. The company is expanding its digital-asset business and exploring international markets. Operating expenses increased…

The American Arbitration Association has launched a Web3 Panel of specialist arbitrators for blockchain, digital asset, and smart contract disputes. The panel includes legal and technology experts and will handle commercial conflicts involving technical evidence and cross-border activity. Parties must have an arbitration agreement for the panel to hear their dispute.