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Gold Backed Stablecoins Wait as Hong Kong Holds to Fiat-Only Rules
Hong Kong has signaled that it is not moving quickly toward gold-backed stablecoins, despite growing global interest in asset-backed digital currencies. Recent reports indicate regulators have no current plans to introduce or support stablecoins linked to physical gold, reflecting a cautious approach as the city balances innovation with financial stability.
The new stance may affect
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BitGo Takes the First Swing for Crypto Custody IPOs, Chasing Nearly $2B Valuation
BitGo’s push to list its shares in New York marks a fresh test of how much confidence US investors still place in crypto infrastructure after a volatile stretch for digital assets.
The crypto custody company aims to raise up to 201 million dollars in a US initial public offering, targeting a valuation of as much as 1.96 billion dollars as it brings a decade-old safekeeping business
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Bakkt to Acquire Stablecoin Infrastructure Provider DTR Following Sale Speculation
Bakkt Holdings, backed by Intercontinental Exchange, has agreed to acquire Distributed Technologies Research, a stablecoin payments infrastructure provider. The deal marks a shift in strategy following earlier reports that Bakkt had explored a potential sale or
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Scam-Yourself Attacks Are Spreading – and AI Is Making Them Harder to Spot
Cybercrime is increasingly targeting people, not devices. Attackers are using so-called “scam-yourself” techniques across everyday channels such as SMS, email, and social media, walking users into taking harmful actions themselves.
According to latest Gen Digital’s Threat Report, this new class of social engineering increasingly combines generative AI with platform distribution tools
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Coinbase to Use Cyprus License to Offer Crypto Perps and Futures, Closes BUX's CFD Accounts
Coinbase appears to be launching its services under its Cyprus-regulated entity, as its website has recently gone live and shows “perpetual-style and traditional expiry futures contracts” as part of the offering.
Coinbase Puts Its MiFID II Licence to Use
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Elon Musk’s X Teases In-App Crypto Trading, but How Will It Work?
Elon Musk’s X is planning to add a Smart Cashtags feature for cryptocurrencies next month, which could allow users to buy and sell crypto directly from the social media platform. However, details about the in-app trading feature remain unclear.
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Report: Iran’s Revolutionary Guard Moved $1 Billion Through UK Crypto Exchanges
Iran's Islamic Revolutionary Guard Corps (IRGC) shifted roughly $1 billion in cryptocurrency through two exchanges registered in the United Kingdom between 2023 and 2025, according to blockchain intelligence firm TRM Labs, which published its findings this week. The findings were also reported by The Washington Post.
The platforms, Zedcex and Zedxion, processed transfers that enabled
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Ripple Gets FCA Green Light for UK Payments via Local Unit, but with Tight Limits
Ripple has secured a key regulatory approval in the UK that lets its local subsidiary offer regulated payment services, while the country moves toward a full licensing regime for crypto assets. The decision gives Ripple a clearer base in one of the world’s major financial centres.
The Financial Conduct Authority granted Ripple Markets UK an Electronic Money Institution registration and
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BingX Expands TradFi Futures as Crypto Platforms Move Closer to Broker Territory
Crypto exchange BingX has launched BingX TradFi, a new feature offering futures tied to traditional assets. The move reflects a broader industry shift toward building one-stop financial platforms rather than single-purpose trading venues.
With this latest expansion, BingX joins an increasingly competitive push by crypto platforms to move beyond digital assets and into multi-asset
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Crypto Firms Must Apply for FCA Authorisation Starting September This Year
The UK’s Financial Conduct Authority has outlined requirements for firms seeking to undertake new regulated cryptoasset activities, with the application period expected to open in September 2026.
Firms will need authorisation under the Financial Services and Markets Act before the new regime begins in October 2027. The move is part of efforts to
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After Securing MiCA Licence, StoneX Digital Partners with EDG for Structured Products
StoneX Group Inc. and Enhanced Digital Group Inc. announced a partnership to expand their digital asset offerings. As part of the agreement, StoneX led EDG’s Series A funding round and acquired a minority stake in the company.
The development follows StoneX Digital
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Turkmenistan Opens Its Crypto Market to Miners and Exchanges — But Will They Come?
Turkmenistan’s new Law on Virtual Assets, which came into force on January 1, 2026, has formally legalised cryptocurrency mining and digital asset exchanges in a country with some of the world’s lowest energy costs.
While the move is designed to attract foreign investment, it does so within a tightly controlled, licence-driven framework that may deter all but the most compliant
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Ripple Doesn’t Want Wall Street, and Its $500 Million War Chest Explains Why
Ripple is dialing down expectations of a near-term Wall Street debut as it leans on a fresh war chest and a burst of deal-making to drive its next phase of growth.
The company signals that it prefers to build out a broader enterprise crypto platform behind closed doors rather than submit to the scrutiny and short-term pressure of public markets.
Ripple Pushes Back on IPO
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Dow Jones Brings Polymarket Prediction Markets to Newsroom, Turning Headlines Into Probabilities
Dow Jones has signed an exclusive agreement to use real-time prediction market data from Polymarket across The Wall Street Journal and its other consumer platforms, bringing market-implied probabilities into the daily news experience for millions of readers.
Dow Jones and Polymarket entered an
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Lloyds Runs First UK Tokenised Deposit Deal on Public Blockchain Network
Lloyds has completed its first digital assets transaction using Tokenised Deposits. The bank said this was the first time in the UK that tokenised deposits had been issued on a public blockchain. It also said this was the first global use of sterling deposits in this format.
The transaction was carried out on the Canton Network. This is a public blockchain designed for regulated
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