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Italian, French, and Austrian Regulators Propose MiCA Changes to EU Crypto Oversight
Italian, French, and Austrian regulators—Consob, AMF, and FMA—have proposed changes to the EU Markets in Crypto-Assets Regulation. The regulators cited early inconsistencies in supervision across member states as a key concern. The proposals aim to align supervision of crypto-asset service providers, improve cybersecurity, and centralize white paper submissions.
Retail investors could
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Crypto Companies Figure and Gemini Lead $1.2 Billion Bitcoin IPO Bonanza
Two cryptocurrency-focused companies, Figure Technology and Gemini Space Station, delivered impressive market debuts last week, highlighting how digital asset firms are driving a sharp rebound in the U.S. initial public offering (IPO) market after months of sluggish activity.
Crypto Companies Lead IPO Revival as Figure and Gemini Debut Strong
Figure Technology (NASDAQ:
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Coinbase Files Legal Motion Against SEC Over Lost Texts From Ex-Chair Gary Gensler
Coinbase has filed a legal motion against the US Securities and Exchange Commission (SEC) after the regulator admitted to losing nearly a year of text messages from former Chair Gary Gensler. The move escalates the exchange’s battle with Washington regulators as it pushes for transparency in ongoing legal disputes.
Court Motion Targets Lost SEC Records
The filing, made Thursday,
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Tether Launches USA₮ Stablecoin, Names Former Trump Crypto Adviser as CEO
Tether has announced plans to launch a new U.S.-regulated stablecoin called USA₮. Alongside the token, the company named former White House crypto adviser Bo Hines as the future Chief Executive Officer of Tether USA₮.
Tether plans to launch USA₮ as a regulated dollar-backed stablecoin in the United States. The company said it will follow U.S. rules, be backed by reserves, and face
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UK Trade Groups Push for Blockchain Inclusion in Tech Deal With U.S.
Lobby groups from the finance and technology sectors are pressing the UK government to ensure blockchain is included in a planned cooperation deal with the United States, Bloomberg reported.
The calls come ahead of President Donald Trump’s visit to London next week, where he will be accompanied by senior US tech executives.
Blockchain on the Agenda
In a letter to Business
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Crypto Exchange Gemini’s IPO 20x Oversubscribed, but Proceeds Capped at $425M
The initial public offering (IPO) of Gemini, the crypto exchange founded by the Winklevoss twins, has been oversubscribed 20 times, Reuters reported. Further, the exchange and its bankers decided to cap the IPO proceeds at $425 million, which is unusual.
IPO Offer Revised
Gemini
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SBI Holdings and Standard Chartered-Backed Zodia Custody Exit Japan Joint Venture: Report
Zodia Custody, backed by Standard Chartered, has ended its Japan joint venture with SBI Holdings two years after launch, Bloomberg reported. The unit, called SBI Zodia Custody, was 51% owned by SBI and 49% by Zodia. Talks with Japan’s Financial Services Agency over a local registration never progressed.
“This is a strategic alignment between SBI and ourselves as a mutual decision that
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Kraken Turns Crypto Trading Into Sports-Style Bet With New “Perps” Contracts
Cryptocurrency exchange Kraken has launched a new derivatives product, introducing simplified perpetual contracts it calls “Kraken Perps.”
The contracts, now available in select regions to eligible clients worldwide, allow users to speculate on crypto price movements without owning the underlying asset.
A Betting Analogy for Complex Instruments
“Perps are trading
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Vietnam to Pilot Local Crypto Exchanges, but Requirements Are Heavy
Vietnam passed a resolution last Tuesday to allow local companies to operate cryptocurrency trading platforms. The initiative is under a five-year trial, during which cryptocurrencies can be issued, but under strict conditions.
Vietnam’s Local Approach Towards Crypto
Cryptocurrency
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SEC Chairman Backs “Super-App” Platforms in Crypto Market Overhaul
The U.S. Securities and Exchange Commission (SEC) is preparing a major overhaul of its approach to digital assets, with Chair Paul Atkins declaring that “most crypto tokens are not securities.”
The shift marks a move away from enforcement-led oversight toward a structured framework that could give firms clearer guidance on trading, lending, and
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Finery Markets Brings Institutional Investors Into DeFi With Yield.xyz Integration
Institutional investors will now have direct access to decentralized finance through Finery Markets. The multi-asset platform has integrated Yield.xyz, a DeFi yield aggregator, giving clients a simplified way to earn returns on stablecoins and other digital assets.
Expanding Institutional Access
The integration provides access to more than 1,000 yield strategies across 75
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Kyrgyzstan Passes Bill for Crypto Reserve and Tokenized Assets Framework
Kyrgyzstan has passed a bill to create a state cryptocurrency reserve and support the digital asset sector. Lawmakers approved amendments to the “On virtual assets” bill in three readings at once, introducing terms such as “state crypto reserve” and “state mining,” the parliament said today (Wednesday).
Legal Framework for Stablecoins and Tokenized Assets
The bill, presented by
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Kraken’s Breakout Bet Could Normalize Prop Trading Across the Crypto Industry
Kraken has taken a decisive step to expand its footprint in active trading by acquiring Breakout, a crypto-native proprietary trading firm. The deal marks the first time a top-tier exchange has integrated a “prop trading arm” directly into its
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Cryptocurrency Exchange Kraken Expands $3.5B Tokenized Stock Trading to European Union
Crypto exchange Kraken announced today (Tuesday) it has extended its xStocks tokenized equity service to European Union clients, following a phased global rollout that began in late June.
The expansion allows eligible EU-based investors to trade digital representations of popular U.S. stocks like Tesla and Amazon and exchange-traded funds (ETFs) directly through Kraken's mobile app,
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Phishing, Bugs, and Billions at Stake: Lessons From NPM Crypto Exploit Near-Miss
A failed attack on popular Node Package Manager (NPM) libraries sent shockwaves through the crypto world on Monday.
Hackers targeted major packages to hijack cryptocurrency transactions across multiple blockchains, but due to coding errors, the breach caused minimal loss.
Still, experts warn that the incident highlights ongoing risks for software wallets, exchanges, and any
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