Everything web3, crypto, defi, degen
In brief Coinbase is launching an all-in-one financial platform for small and medium businesses to receive crypto, manage assets, and earn up to 4.1% APY on USDC stablecoins. The platform includes instant settlements, QuickBooks and Xero integrations, and self-service onboarding with approval in as little as two days. Coinbase Business competes with fintechs like Mercury…
In brief BlackRock will adapt one of its money market funds to specifically serve stablecoin issuers under the recently passed GENIUS Act. The fund will be an approved reserve asset U.S. stablecoin issuers can use to back their dollar-pegged tokens. The firm says it made the move after receiving increased demand from stablecoin issuers for…
In brief SharpLink Gaming said Thursday that it has sold $76.5 million worth of shares. The Ethereum treasury firm has amassed $3.37 billion worth of ETH, though has slowed its purchases of late. Leading Ethereum treasury company BitMine Immersion Technologies holds over $12 billion worth of ETH. Publicly traded Ethereum treasury company SharpLink Gaming, Inc.…
We’re excited to announce we have acquired Small Exchange, a CFTC-licensed Designated Contract Market (DCM) from IG Group for $100 million. This move lays the foundation for us to launch a fully U.S.-native derivatives product suite, creating a deep, sophisticated onshore venue in the world’s largest capital market. The acquisition of Small Exchange advances our…
In brief Crypto exchange Kraken has purchased U.S. contract market Small Exchange for $100 million from British finance group IG. The deal gives Kraken a license to offer derivatives trading in the U.S. for the first time. Kraken opened up futures trading for U.S. customers in July, amid positive regulatory changes in the U.S. Kraken,…
In brief BNB shows a complex market structure with spot buying rising as futures selling increases. Open interest is down 36%, with declining CVDs pointing to active selling or profit-taking. Oracle issues and depegs at Binance have caused a “drop in confidence” according to analysts, adding short-term pressure to the token. BNB’s long-standing uptrend could…
In brief Compass Coffee in Washington, D.C. became the first Square seller globally to process Bitcoin payments through a standard register during DC Fintech Week, with all transactions completing instantly. Block’s new Bitcoin payment system allows merchants to accept crypto and convert up to 50% of daily sales into Bitcoin starting November 10, with zero…
In brief Burke revealed Australia’s crypto ATM count has exploded from 23 machines six years ago to over 2,000 today, with 85% of top user transactions linked to scams or money mules. The proposed legislation would grant AUSTRAC the authority to restrict or prohibit “high-risk products,” with crypto ATMs specifically targeted. The move follows months…
In brief Coinbase added Binance’s BNB token to its listing roadmap on Wednesday. BNB is the fourth-largest digital asset by market capitalization. Coinbase delisted the Binance-branded BUSD stablecoin amid regulatory scrutiny in 2023. Coinbase added BNB to its listing roadmap on Wednesday, signaling support for the cryptocurrency issued by its biggest competitor, Binance.Offered to the…
In brief OwlTing announced Tuesday it will begin trading on the Nasdaq on Thursday. The company chose a direct listing to emphasize transparency and avoid shareholder dilution. The move follows heightened global regulatory focus and growing institutional interest in stablecoins. Taiwanese stablecoin infrastructure company OwlTing will commence trading on the Nasdaq Global Market on Thursday,…
