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Thailand Targets Five “Unlicensed” Crypto Exchanges, Including Bybit, OKX in Latest Crackdown
Thailand’s financial watchdog “will block access” to five unlicensed cryptocurrency exchanges, including Bybit and OKX, in the latest effort to curb illicit financial activity and protect domestic investors. The order, which takes effect on June 28, is reportedly in line with updated legal powers granted under new cybercrime legislation.
The Office of the Securities and Exchange
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Webus Bets $300M on XRP to Fuel Payments—XRP’s Price Barely Budges
Webus, a Chinese AI-driven mobility company, wants to make chauffeur payments frictionless with a $300M XRP reserve. Markets? Unimpressed—for now.
Webus Rolls Out $300M XRP Treasury Plan
Chinese AI-powered mobility giant Webus International Limited just lobbed a bold pitch into the crypto world: it’s aiming
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SEC Dropped the Lawsuit Against Binance After 2 Years
The US Securities and Exchange Commission (SEC) voluntarily dismissed its lawsuit against Binance yesterday (Thursday) with prejudice, meaning the agency cannot pursue the case again.
The regulator had sued Binance and Changpeng Zhao, its founder and former CEO, in June 2023, accusing them of
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Bybit Gains MiCAR License, Establishes European Headquarters in Vienna
Bybit has received a Markets in Crypto-Assets Regulation (MiCAR) license from the Austrian Financial Market Authority (FMA). It allows the cryptocurrency exchange to operate as a regulated crypto-asset services provider within the European Economic
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Malta-Regulated Crypto Firms Must Maintain Dedicated Websites for EU Clients
The regulator in Malta is requiring locally licensed crypto companies—known as crypto-asset service providers (CASPs)—to ensure that “EU/EEA clients are directed to a dedicated website containing information specifically pertaining to them, with clear disclosures for any offerings not available in these jurisdictions.”
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BlackRock Eyes 10% Stake as Circle Prepares for U.S. Listing: Report
Circle’s public offering has ignited renewed interest in the intersection of crypto and traditional finance, with two heavyweight investors — BlackRock and ARK Invest, circling the deal.
The stablecoin issuer filed for an initial public offering on
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Ripple’s Newly Acquired Hidden Road Now Lets U.S. Institutions Trade Cash-Settled Crypto Swaps
Crypto prime broker Hidden Road launched a new digital asset swaps prime brokerage offering specifically for the U.S. market.
The new service allows U.S.-based institutional clients to trade cash-settled over-the-counter (OTC) swaps across a wide range of prominent digital assets. These transactions will be handled through Hidden Road Partners CIV UK Ltd, the firm's FCA-regulated
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New FCA Crypto Custody Rules Would Force Firms to Upgrade Security
Regulators in the UK have taken a step closer to formal crypto oversight. The Financial Conduct Authority (FCA) has opened consultations on new rules governing stablecoins and the custody of digital assets. The proposals are part of an effort to establish a safer, more transparent environment for crypto services, while still enabling innovation in the sector.
A New Phase in Crypto
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SEC Begins Review of First Spot XRP ETF Bid with WisdomTree Proposal
The US Securities and Exchange Commission (SEC) has begun examining a new proposal for a spot XRP exchange-traded fund (ETF). The application was submitted by asset manager WisdomTree.
If approved, this would be the first
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Crypto.com’s Annual Sports Spending at $213M Is 3x That of Coinbase
Crypto.com has spent $213 million on sports deals in the ongoing season, substantially more than the next spender, Coinbase, at $80 million, according to a report by Sportquake. OKX and Gate.io spent $71 million and $53 million, respectively, while Binance spent $31 million.
Crypto Exchanges Have Deep Pockets
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Conflict of Interest? Incoming CFTC Chair Has Deep Ties with Crypto and Prediction Markets
Brian Quintenz, whom US President Donald Trump nominated to be the next Chairman of the Commodity Futures Trading Commission (CFTC), disclosed $3.4 million in assets, along with deep ties to the crypto industry and prediction markets.
Active Roles in Crypto and Prediction Markets
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Worldpay Now Offers USDC Stablecoin Alongside 135 Currencies in Partnership with BVNNK
Worldpay plans to start offering disbursements in USDC, a move expected to lead to a broader adoption of stablecoins as core commercial payment rails.
The crypto platform’s new capability will allow clients in the U.S. and Europe to pay out funds in USDC, the dollar-pegged stablecoin issued by Circle. The expansion is powered by crypto infrastructure provider BVNK and backend
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Following Robinhood Deal Announcement, Bitstamp Launches Ethereum, Cardano Staking in UK
Bitstamp now offers its UK staking services for Ethereum (ETH) and Cardano (ADA) through its new Bitstamp Earn Staking service.
UK Clarity Triggers Market Action
According to the announcement, UK customers can stake ETH directly via their Bitstamp accounts. Staking will be enabled
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Moomoo Moves Beyond Stocks with US Crypto Launch Backed by Coinbase
Moomoo, a global trading platform, is expanding into cryptocurrency. The company will launch a new service called Moomoo Crypto for its U.S. users. The launch is part of Moomoo’s plan to grow beyond traditional securities trading.
Moomoo operates in the United States, Australia, and Japan. It is a subsidiary of Futu, a Hong Kong-based online brokerage. In late 2023, Moomoo Japan entered
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Circle Seeks $6.7 Billion Valuation in NYSE IPO with $624 Million Share Sale
Circle Internet, the company behind the USDC stablecoin, plans to go public in the United States. The company is aiming for a valuation of up to $6.71 billion on a fully diluted basis through an initial public offering, Reuters reported.
Circle to list as CRCL
In a filing on Tuesday (today), Circle said it plans to sell about 9.6 million shares. Some of its existing shareholders
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