Visa, BlackRock and Coinbase have joined more than 140 companies backing Open Standard, a new stablecoin initiative that plans to launch a U.S. dollar-pegged token called Open USD later this year. The project is designed to make stablecoins easier for large businesses to use at scale by reducing issuance costs, improving accessibility and aligning economics
U.S. spot crypto exchange-traded funds recorded approximately $252.7 million in combined net outflows on Tuesday, June 30, extending a late-month redemption streak that has weighed on institutional sentiment toward digital assets. Spot Bitcoin ETFs lost $222.6 million on the day, with outflows concentrated in the two largest funds. BlackRock’s IBIT recorded $212.4 million in redemptions,
Why Is South Korea Escalating Crypto Market Abuse Cases? South Korea’s Financial Services Commission has referred suspects in two separate crypto market manipulation cases to prosecutors, marking another step in the country’s effort to police unfair trading in digital asset markets. The financial watchdog said Wednesday that it approved the referrals after discussions at its
Key Facts Bybit launched its Bank Triparty service on 1 July 2026, a regulated custody solution letting institutions borrow against collateral held by independent banking partners. Eligible institutions deposit USD or US Treasury Bills with Bybit’s designated banking partners, then receive USDT loans directly into their Bybit Unified Trading Account. Collateral remains in third-party bank
Why Did Crypto Hack Losses Decline in June? Crypto hacks and exploits totaled about $75.9 million across 40 major incidents in June, down 7.1% from $81.7 million in May, according to blockchain security firm PeckShield. The monthly decline offers only limited relief. Losses remained spread across bridges, private-key compromises, bots, deprecated infrastructure, and user-facing platforms.
New TradeFi category launches with 45+ perpetual pairs linked to price movements across commodities, equities, and ETFs within crypto interface WhiteBIT, the largest European cryptocurrency exchange by traffic, has announced the launch of TradeFi — a new market category designed to give users the opportunity to trade traditional financial instruments just like crypto. The new
BitGo has expanded its institutional custody platform to support YLDS, the SEC-registered yield-bearing digital security issued by Figure Certificate Company, giving institutional investors access to regulated custody for one of the first blockchain-native fixed-income products registered with the U.S. Securities and Exchange Commission. The digital asset infrastructure provider said YLDS can now be held through
What Was Carl Erik Rinsch Sentenced For? Hollywood director Carl Erik Rinsch was sentenced to 30 months in prison after being convicted of stealing $11 million from a streaming company that had funded his unfinished science-fiction series. Rinsch, best known for directing “47 Ronin,” told the company he needed the additional money to complete production
Coinbase CEO Brian Armstrong has responded to criticism over betting-style promotions inside the Coinbase app, defending adult users’ right to make their own financial decisions while acknowledging that high-risk products should not be aggressively promoted to inexperienced or vulnerable customers. The exchange came under scrutiny after Zcash founder Zooko Wilcox criticized Coinbase for allegedly pushing
Binance founder Changpeng “CZ” Zhao has overtaken Microsoft co-founder Bill Gates in Forbes’ billionaire ranking, underscoring how crypto exchange ownership has created one of the world’s largest private fortunes despite regulatory setbacks and market volatility. Forbes estimated Zhao’s net worth at about $110 billion in its 2026 billionaires list, up roughly $47 billion from the