Category: crypto

Upbit, a South Korean crypto exchange, added support for trading Ripple USD (RLUSD) against the Korean won, Bitcoin, and Tether on July 28. Deposits and withdrawals are only supported on the XRP Ledger. Upbit placed temporary limits on RLUSD trading to ensure liquidity and compliance with regulations.

Psalion launched a $50 million Fund III focusing on seed-stage blockchain companies. The fund targets various sectors, including infrastructure, stablecoins, and DeFi. The fund’s first investment was a $4 million round in Beezie, a commerce platform. The fund is restricted to accredited and institutional investors in Singapore.

During a discussion at the ASEAN Tech Summit Manila 2026, Binance co-founder CZ supported the idea of a simplified ASEAN crypto licensing system to allow regulated firms to operate across multiple jurisdictions without needing to repeat the application process. This proposal aims to reduce market-entry costs and streamline regulatory processes for crypto companies in Southeast…

The NFL has asked the CFTC to tighten prediction market rules for game integrity and consumer protection. The league wants stricter limits on sports contracts and clearer regulations. The CFTC is developing a federal framework for event contracts. The NFL has concerns about market integrity and proposed recommendations for tighter regulations.

Fanatics has agreed to acquire Water Street Labs and CX Clearinghouse from BGC Group, gaining a federally regulated exchange and clearinghouse for its prediction markets business. The financial terms and closing date were not disclosed. Fanatics plans to list event contracts through Water Street Labs and settle them through CX Clearinghouse.

Pennsylvania lawmakers have introduced a bipartisan bill to regulate prediction markets, preventing gambling companies from acting as liquidity providers or market makers. The bill includes insider trading rules, age restrictions, and consumer protections. Another bill would require prediction market operators to obtain state licenses and pay a 22% tax on revenue. The legislation comes amid…

OKX’s Android app has returned to the South Korean Google Play Store after a four-day suspension, allowing new downloads and updates. Bybit’s app, however, remains unavailable in the country. This follows restrictions on 29 overseas crypto exchange apps on Google Play for unregistered VASPs, with OKX being the first to regain access.

Apple is being sued by three users for distributing fraudulent Sparrow Wallet applications through its App Store, resulting in $1.835 million in Bitcoin losses. The users downloaded fake apps that requested wallet seed phrases before transferring Bitcoin to attacker-controlled addresses. Apple claims to have removed the impersonating apps and terminated developer accounts.

Paradigm has led a $470 million funding round for nuclear startup Antares Nuclear, focusing on small modular reactors for military applications. This investment is part of Paradigm’s strategy to expand into frontier technologies alongside crypto ventures. Antares plans to deploy its first reactor next year and target U.S. military bases by 2028.

Hong Kong banks scored 2.3 out of 10 on the Quantum Preparedness Index, showing early preparation for quantum-related cyber risks. The Hong Kong Monetary Authority aims for full sector readiness by 2030 through various initiatives. Quantum risks could potentially affect long-term banking data security, requiring banks to transition to quantum-resistant systems.