Crypto
U.S. accounting group proposes treating some stablecoins as cash equivalents
The Financial Accounting Standards Board seeks to classify certain stablecoins as cash-like for accounting purposes.
Bitcoin jumps 6% to 11-week high as U.S. Treasury expands debt buybacks
Cryptocurrency rallies after U.S. Treasury doubles debt buyback program to $4 billion, easing longer-term bond yields. Stablecoin liquidity remains a constraint on further gains.
Interstice, FalconX launch cross-chain swap engine linking Canton to Ethereum and Solana
New non-custodial swap engine enables institutional asset transfers between Canton’s private blockchain and public networks Ethereum, Solana and Robinhood Chain. FalconX provides liquidity as Canton expands tokenized asset activity.
SEC unveils tailored crypto asset rules to ease fundraising
New framework would allow crypto issuers to raise up to $75 million annually under streamlined exemptions, with disclosures and reporting requirements. Public comment period open for 60 days.
Cypherpunk acquires Zcash mining fleet, gains 18% of network hashrate
Privacy-focused miner Cypherpunk Technologies expands Zcash operations with a $33.33 million acquisition, securing 18% of the network's hashrate and targeting a 5% share of circulating supply.
Centrifuge expands Symbiotic liquidity network to $1.6B in tokenized funds
Integration covers Janus Henderson’s JAAA, JTRSY and NYLIM’s HYB tokenized funds, enabling USDC redemptions via Symbiotic’s onchain RFQ marketplace.
China triples digital yuan bank roster year-to-date with eight new additions
The People’s Bank of China expanded the digital yuan network with 20 new operators in two rounds this year, including eight this week.
SEC proposes new rules for crypto asset investment contracts
The proposal aims to clarify regulatory expectations for crypto asset investment contracts.
Kraken’s Krak debuts US debit card for spending and cashback
Kraken’s parent company introduces a multi-asset debit card allowing US customers to spend crypto and fiat while earning cashback.
Bybit reports AI-driven savings after $1.46bn hack loss
The crypto exchange claims artificial intelligence contributed to cost savings following a major security breach.
Bitcoin volatility hits cycle low as traders seek higher returns elsewhere
Bitcoin's price swings have diminished to a cycle low, prompting traders to redirect risk appetite toward other assets.
Prosecutors call ex-Celsius CEO’s motion to vacate ‘without merit’
Federal prosecutors oppose Alex Mashinsky’s attempt to overturn his conviction while he remains incarcerated.
Kraken expands into U.S. stocks for European clients
Crypto exchange Kraken introduces regulated access to traditional U.S. equities alongside tokenized versions for European customers.
Ripple raises $275M in senior notes for U.S. prime brokerage expansion
Proceeds from the private placement will fund growth in institutional financial services, including prime brokerage and multi-asset clearing. The offering follows a $200M credit facility secured in May.
Bitcoin tags $65K as S&P 500 rebounds from 2-week lows on US-Iran rhetoric
Finance Review Daily is tracking this developing story; no further verified information could be confirmed at this time.
OwlTing’s stablecoin push gains traction at Lytham Partners summit
OwlTing Group’s CEO outlines rapid growth in cross-border stablecoin payments, with transaction volumes doubling in July and regulatory licenses spanning 50 U.S. states. Shares trade at $5.43, down 90% over the past year.
Coinbase, Circle and Bullish rally on Clarity Act optimism
Major crypto exchanges saw gains ahead of a key procedural vote on the Clarity Act.
Injective’s institutional arm gains SEC transfer agent registration
Injective Institutional Services receives SEC approval to act as a transfer agent, enabling onchain securities recordkeeping and tokenized asset management under U.S. regulatory oversight.
DeFi yield strategies unraveled in spring’s $13 bln drawdown
Most losses in decentralized finance’s April rout stemmed from unsustainable yield strategies, not hacks. Analysts outline key risks for allocators.
AI could supercharge crypto but there’s a catch, Fidelity says
Fidelity Digital Assets highlights potential growth in crypto activity driven by AI agents, though much of the value may not flow to blockchains or their tokens.
Wagyu.xyz crosses $700M in volume, opens public API for developers
Cross-chain swap platform Wagyu.xyz reaches $700M in cumulative trading volume seven months after launch and introduces a public API for third-party integrations. Median settlement time for Monero swaps stands at 5.5 minutes.
Trump-linked firm says AI platform WorldClaw is independent
World Liberty Financial says WorldClaw operates separately despite shared ties.
HashKey launches Hong Kong’s first regulated stablecoin for trade and insurance
The HKD-pegged stablecoin is now being used to settle transactions in Hong Kong’s trade corridor with the UAE.
Japan’s Metaplanet to launch U.S. bitcoin treasury firm via $135m deal
Metaplanet will establish a U.S.-based bitcoin treasury company through a $135 million capital infusion.