Everything web3, crypto, defi, degen
In brief Ripple has agreed to acquire Rail for $200 million. The Canadian stablecoin platform has key compliance features. The companies will promote RLUSD and XRP’s use in payments. Ripple has entered into a $200 million agreement to purchase Rail, a Toronto-based payments platform, the tech firm said in a press release on Thursday.The acquisition…
In brief Marex is the first clearing firm to use JPMorgan’s Kinexys blockchain platform for client settlements, the companies said Wednesday. The partnership with Brevan Howard Digital enables 24/7 payments using blockchain-based deposit accounts. The move signals growing institutional interest in programmable, real-time settlement infrastructure. Financial services firm Marex has become the “first clearing firm”…
In brief Ripple does not control XRP Ledger, the digital payments company’s CTO David Schwartz said. Censoring transactions would open Ripple up to “pressure” he said. Ripple runs “something like 1%” of XRP Ledger, Schwartz added. XRP Ledger’s codebase does not possess some secret back door that would allow Ripple to single-handedly control the network,…
In brief Two Chinese nationals are accused of skirting export controls by sending high-end GPUs to China. Prosecutors say the defendants routed shipments through Asia to hide their true destination. The men face 20 years in federal prison if convicted. Two California men are facing federal charges for allegedly funneling high-performance AI chips to China…
In brief Coinbase has launched a new feature for developers. It will allow builders to include crypto wallets into their apps. The exchange said the feature will be well-suited to stablecoin-related apps. Crypto exchange Coinbase has debuted a feature for developers so they can easily build self-custodial wallets into their apps. Dubbed the Embedded Wallets software,…
August 5, 2025 | Asset Listings We’re thrilled to announce that KTA is available for trading on Kraken! Funding and trading KTA trading is live as of August 5, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens…
In brief Litecoin jumped to a five-month high of $128.40 Tuesday morning. Prediction markets are optimistic that a LTC ETF will be approved this year. Last month, MEI Pharma closed a $100 million private placement to transform itself into a Litecoin treasury firm. Litecoin surged to a five-month high of $128.40 Tuesday morning, amid rumors…
In brief FinCEN has issued an urgent alert flagging fraud schemes involving crypto ATMs. Elderly victims lose big through tech support and imposter scams, often guided to ATMs by phone. Many kiosk operators lack registration and AML controls, enabling anonymity, high fees, and structured transactions. The Treasury Department’s Financial Crimes Enforcement Network issued an urgent…
In brief Michael Saylor is marketing Strategy’s Bitcoin-backed preferred stock STRC to retirees, offering 9.5% yields versus 0.1-4% from traditional savings accounts. Strategy reported $10 billion quarterly profits as Bitcoin surged from $77,000 to $111,000, with the company now holding 628,800 Bitcoin worth $74 billion. The preferred securities are backed by collateral covering 120 years…
In brief Hong Kong’s stablecoin licensing regime takes effect today, requiring fiat-referenced issuers to obtain HKMA approval. It comes shortly after the U.S. passed the GENIUS Act, sparking comparisons between the two approaches. Analysts say adoption may be slow in local retail, but firms eye international and B2B applications. Hong Kong officially introduced its long-awaited…
