Category: crypto

Backpack has introduced a new on-chain service that allows users to participate in initial public offerings directly. Users can access IPO shares before they are available on traditional stock exchanges through the Solana blockchain. The service is built in partnership with Superstate and prioritizes user activity and compliance.

A sharp volatility spike in the crypto market led to $521m in liquidations of futures positions in the past 24 hours. Bitcoin accounted for over $200m of the total, with Ethereum and other altcoins also affected. The liquidations were triggered by overleveraged long positions as the market quickly turned.

The White House is reviewing new prediction market measures proposed by the CFTC. The proposal aims to clarify the status of event-linked derivatives and could impact how platforms structure contracts tied to real-world outcomes. This review process could have implications for both traditional and crypto prediction markets, influencing product design and oversight.

Visa is partnering with Bridge, owned by Stripe, to expand stablecoin-backed cards to over 100 countries by 2026. These cards allow users to spend stablecoins at Visa merchants worldwide. The expansion aims to provide faster settlements and lower costs for businesses using stablecoins for payments, reflecting Visa’s long-term commitment to blockchain technology.

Over a third of altcoins are currently trading close to all-time lows, indicating a deeper drawdown than after the collapse of FTX. Analysts attribute this to weak liquidity and selective risk appetite, with major cryptocurrencies like BTC and ETH outperforming smaller caps. This concentration poses risks for portfolio management and market stability.

CFTC chairman Michael Selig plans to launch US-listed crypto perpetual futures within about four weeks as part of “Project Crypto” with the SEC. This move aims to address regulatory obstacles and bring more standardized products to the US market, potentially reshaping flows between US and offshore exchanges. It could improve transparency and reduce systemic risk…

President Trump accused major banks of undermining pro-crypto legislation in the U.S., warning that delays could lead to innovation moving overseas. Jamie Dimon defended stricter regulatory standards for digital asset firms, arguing that stablecoin rewards should trigger full bank-level regulation. The clash highlights tensions over crypto competition with banks.

Binance is expecting to secure five additional licenses in Asia this year, expanding its regulatory presence to over 20 jurisdictions globally. The exchange is prioritizing growth in the Asia Pacific region due to its significant crypto adoption. Binance is also addressing scrutiny in the U.S. over alleged transactions with Iranian entities.

Governor Mike Braun signed House Bill 1042 into law in Indiana, protecting digital asset users from discriminatory taxes and restrictions on cryptocurrency transactions. The law defines cryptocurrency, limits government regulation, and allows for crypto investments in state-managed retirement programs. This legislation positions Indiana as a pro-innovation state in the crypto space.

A U.S. government wallet containing seized funds moved around 0.33 BTC, worth $23,000, marking the first transfer since late 2025. The Bitcoin was sent to new addresses without exchange connections, hinting at internal custody management. Public records on the case are limited, highlighting the use of blockchain labeling for tracking.