Category: crypto

Polygon Labs has implemented job cuts as it finalizes the integration of Coinme, aiming to support profitability by 2027. CEO Marc Boiron stated the restructuring is necessary for growth and focus on blockchain-enabled payments. The company previously acquired Coinme and Sequence to develop a payment infrastructure. Other crypto firms are also restructuring to adapt to…

Trump will meet with Republican senators to discuss the CLARITY Act, with Ripple warning that rejecting the bill would leave regulatory gaps. Polymarket places the bill’s chance of becoming law at 36%. Senators are working to address disputes before the August recess, with concerns about ethics provisions and limited legislative days.

Binance’s European users are moving their funds to self-custody wallets instead of other exchanges after changes in regulations. Binance reports that 70% of funds were withdrawn to personal wallets, signaling a shift towards direct control of crypto assets. This trend highlights the growing popularity of self-custody options among traders.

SBI Group partners with Ondo Finance to tokenize Japanese stocks using JPYSC stablecoin for settlement and collateral. The agreement will bring Ondo’s tokenized financial products to SBI’s ecosystem, connecting Japanese assets with international markets. JPYSC will support settlement and collateral for Ondo’s products, expanding SBI’s digital asset services.

Ault Capital has developed a Cosmos-based Layer-1 network for tokenized assets and digital settlement following banking disruptions affecting its businesses. The blockchain supports Ethereum smart contracts and institutional settlement, with governance by identified participants. Tokens will be distributed without a public sale, aiming to reduce reliance on traditional financial institutions for compliant businesses.

Coinbase and Ripple have obtained EU-wide access through Luxembourg following MiCA’s deadline, while unlicensed platforms like Binance have scaled back services. Coinbase offered a bonus to customers transferring assets from non-compliant exchanges. Ripple received full authorization for regulated services in the European Economic Area. Compliance issues have created opportunities for legal technology providers.

Strategy CEO Phong Le has tied the company’s next Bitcoin purchase to STRC returning to its $100 par value as the preferred stock trades near $87. Le plans to resume issuing STRC shares once the security, known as Stretch, recovers to par, allowing Strategy to direct proceeds towards more Bitcoin.

Former Fidelity fund manager George Noble warns that an AI bubble crash could be 17 times more damaging than the dot-com collapse. Polymarket traders see a 17% chance of an AI bubble bursting in 2026. Concerns about falling technology shares and revenue are rising, with predictions of major financial fallout beyond just technology companies. IBM’s…

Binance co-founder CZ argues that Bitcoin provides protection against inflation that AI cannot offer. JPMorgan CEO Jamie Dimon expects AI spending to reach $725 billion, while BlackRock sees Bitcoin as a hedge against government debt and currency concerns. Former Fidelity fund manager George Noble warns of a potential AI crash.

T. Rowe Price has launched an actively managed crypto ETF called TKNZ, holding nine digital assets with Bitcoin making up almost 41% of the portfolio. The fund allows for flexibility in adjusting holdings based on market conditions and is managed by a team led by Blue Macellari. The timing of the launch was seen as…