Crypto

JPMorgan cuts ties with Polymarket over regulatory concerns
JPMorgan severed its banking relationship with the prediction market Polymarket late last year, citing regulatory scrutiny as the reason. The move follows heightened U.S. oversight of prediction platforms.

Why the Crypto Advice Gap Threatens Institutional Adoption
Financial advisors are scrambling for guidance as client demand for digital assets surges, exposing a regulatory blind spot that could stall the next wave of institutional money.

Ethereum Foundation abandons Poseidon in post-quantum cryptography shift
Researcher Justin Drake cites eroded performance advantage as foundation pivots to alternative post-quantum cryptography methods.

MyEtherWallet adds Ondo Perps for 24/7 leveraged crypto trading
MEW integrates Ondo Finance’s perpetual futures to enable round-the-clock leveraged trading of tokenized equities and ETFs on Ethereum.

Bitwise, Superstate explore tokenized Solana ETF shares
Asset manager Bitwise and tokenization firm Superstate are evaluating blockchain-based shares for a potential Solana ETF, pending regulatory clarity.

DeFi Technologies posts Q2 loss as revenue rises to $7.8M
Quarterly revenue growth fails to offset losses at blockchain-focused firm DeFi Technologies, which reported a $2.3M net loss despite $7.8M in sales.

Bybit expands pre-IPO perpetuals with Unitree, Moonshot AI listings
Crypto exchange adds two new pre-IPO perpetual contracts, expanding its TradFi-linked derivatives offering to over 200 products. Unitree and Moonshot AI join growing roster of private-market instruments.

Tether's 2025 financials receive clean KPMG audit with $6.8 bln reserve surplus
Stablecoin issuer Tether discloses first full financial audit, showing reserves $6.8 billion above liabilities for 2025. KPMG issues unqualified opinion.

Tether completes first full independent audit with KPMG
Stablecoin issuer Tether publishes first complete external audit, marking a milestone in transparency amid regulatory scrutiny.

Zebec adds 'Earn on Pay' feature via Solstice's USX stablecoin
Zebec integrates Solstice’s USX stablecoin to enable real-time earnings on salary payments, expanding DeFi payroll solutions.

Delio CEO sentenced to 15 years for crypto fraud in South Korea
Jeong Sang-ho, founder of South Korean crypto firm Delio, receives a 15-year prison term after being convicted of fraud in a Seoul court.

Chime explores stablecoin integration for consumer banking app
Digital bank Chime is evaluating stablecoin use to enhance payment efficiency and expand financial services for its 8 million users.

CFTC to explore crypto regulations amid U.S. oversight debate
Committee meeting set for Aug. 20 to discuss digital asset oversight alongside AI and prediction markets, as regulators seek clarity without pending legislation.

Bitcoin’s $1M price forecasts face skepticism as Treasury yields rise
Analysts question the plausibility of $1 million bitcoin forecasts amid rising U.S. Treasury yields, which reduce the appeal of non-yielding assets.

Robinhood Chain nears $1B TVL as Uniswap liquidity surges
Standard Chartered analysis highlights Uniswap’s role in driving liquidity for Robinhood’s blockchain, with total value locked approaching $1 billion.

Trezor warns 14,000 customers of data breach via fulfillment partner
Cryptocurrency wallet provider Trezor notifies users after a third-party logistics firm exposed shipping addresses, marking the first such incident for customer data.

Trezor reports data breach impacting 14,000 customers
Hardware wallet provider Trezor confirms unauthorized access to customer data, including email addresses and partial personal details.

SEC meeting on crypto regulation postponed indefinitely
Hopes for regulatory clarity fade as U.S. SEC postpones key meeting, delaying potential policy shifts for digital assets.

BitGo says institutional focus shifting to asset tokenization
Crypto custodian reports growing demand from institutions for tokenized assets, citing operational efficiency and regulatory clarity as key drivers.

Trezor warns 14,000 users of potential data exposure via shipping provider
Hardware wallet maker Trezor says customer shipping data may have been compromised, though device security remains intact. Users urged to remain vigilant against phishing risks.

B2C2 appoints ex-Schroders executive to expand crypto services in Asia
Institutional crypto liquidity firm B2C2 hires former Schroders Wealth Management Asia chairman to target family offices and asset managers amid rising crypto demand in the region.

Bit Digital posts Q2 loss as revenue beats forecasts
Bit Digital reported adjusted loss per share of $0.27, missing estimates, while revenue exceeded projections as mining operations expanded.

Bitcoin faces pressure as 10-year Treasury yield nears 5%: strategist
Analyst warns elevated U.S. yields could prolong headwinds for the cryptocurrency market amid rising borrowing costs.

Tron Inc. to run for TRON network Super Representative election
Blockchain firm Tron Inc. will seek election as a Super Representative on the TRON network, aiming to enhance governance and network operations.

