The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Binance announced it is rolling out a white-label service designed to help traditional financial institutions launch crypto trading platforms without needing to build the infrastructure themselves. The offering, branded as Crypto-as-a-Service (CaaS), provides banks, brokerages, and other regulated firms with access to Binance’s spot and futures markets, liquidity pools, custody solutions, and compliance tools. Institutions […]
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Crypto-as-a-Service taps the exchange's backend for bespoke spot and futures trading, liquidity, and settlement features.
The platform aims to solve fragmented OTC crypto options markets, allowing institutional investors to execute strategies 24/7.
A strategic investor is talking to Kraken about investing $200 million to $300 million at a $20 billion valuation.
KuCoin said it 'disagrees with' the regulator's findings and has filed an appeal before the Federal Court of Canada.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Gate tapped Optimism for its new L2, Gate Layer, which will use the existing GateChain as a settlement layer and GT token as a gas token.
Naver Financial, the fintech arm of South Korea’s largest search engine, is weighing a potential share-swap agreement with Dunamu, the operator of Upbit. Earlier today, reports from local outlets suggested that the talks had already advanced into merger territory, but Naver’s regulatory filing clarified that no binding terms have been confirmed. The disclosure, submitted to […]
The post Superapp merger talks to route 30M shoppers to Upbit sparking fee collapse appeared first on CryptoSlate.
Creditors of the collapsed crypto exchange FTX are facing another round of fraud, this time through a fake airdrop scheme. Sunil Kavuri, a popular FTX creditor advocate, warned on Sept. 24 that community members are being targeted with phishing emails exploiting information stolen in the Kroll data breach. Kavuri shared a screenshot of the message, […]
The post SBF shares his contact details as FTX investors targeted with another scam appeared first on CryptoSlate.
Cloudflare and Coinbase are launching the x402 Foundation to promote adoption of the x402 protocol, a framework for agentic payments.
The FTX Recovery Trust sued Genesis Digital Assets Limited after they said the former FTX CEO used commingled funds to invest in it.
FTX Recovery Trust sued Bitcoin mining company Genesis Digital Assets, seeking to recover $1.15 billion in allegedly fraudulent transfers made by the co-founder of the fallen exchange, Sam Bankman-Fried. As Bloomberg Law reported on Sept. 23, the trust filed the lawsuit on Sept. 22 in the US Bankruptcy Court for the District of Delaware. It […]
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“YZiLabs is not raising [an] external fund,” Zhao wrote, adding that “YZiLabs, since rebranding, has not sought a single external investor."
ASTER is valued at over $15 billion following an initial fully diluted valuation (FDV) of $560 million at during its TGE.
Buterin's remarks follow Coinbase executives' pushback against claims that Base's sequencer makes it operate like a centralized exchange.
The firm has reportedly received significant interest from outside investors and may eventually become an externally focused fund.
Crypto.com chief executive Kris Marszalek has rejected claims that the exchange failed to disclose a 2023 security incident, framing the controversy as misinformation from uninformed sources. His rebuttal came after a Bloomberg investigation alleged the company had quietly endured a cyberattack linked to Scattered Spider, a group known for tricking employees into surrendering access credentials. […]
The post Crypto.com’s Cronos token dips 10% amid CEO denial of undisclosed cyberattack allegations appeared first on CryptoSlate.
The newly-launched firm is backed by UK bitcoin exchange CoinCorner, with investors including Blockstream CEO Adam Back.
A teenage hacker and his accomplice gained access to a Crypto.com employee's account in a previously unreported breach.
BitGo published its S-1 registration statement on Sept. 19, confirming plans for an initial public offering while revealing over $3 billion in revenue for 2024. Financial data shared by Bloomberg ETF analyst James Seyffart revealed a preliminary prospectus with significant revenue growth, from $926 million in 2023 to over $3 billion in 2024, representing more […]
The post BitGo files S-1 form for IPO, revealing $3B revenue in 2024 appeared first on CryptoSlate.
FTX creditors will receive $1.6 billion on Sept. 30 in the third major distribution since the exchange’s 2022 collapse, bringing some customers to 95% cumulative recovery rates. According to the FTX Recovery Trust’s Sept. 19 announcement, creditors must complete multiple verification steps through the FTX Customer Portal before receiving payments, which take one to three […]
The post FTX creditors set to receive $1.6B in third distribution round on Sept. 30 appeared first on CryptoSlate.
FTX will disburse an additional $1.6 billion to creditors beginning Sept. 30 as part of the bankruptcy estate’s third distribution.
The move comes as Ethena looks to “expand its presence” on BNB Chain, including supporting new money markets and protocol integrations.
The firm will acquire an initial 70% stake, set for completion in 2026, and has a call option to buy the remaining 30% based on performance.
NBA star Kevin Durant has been unable to access a Bitcoin stash he bought nearly a decade ago, but his agent says the slip has turned into one of his best investments. Durant, who is set to play for the Houston Rockets this season, started buying Bitcoin in 2016 when he was with the Golden […]
The post NBA star Kevin Durant’s forgotten Bitcoin becomes a slam dunk investment appeared first on CryptoSlate.
In a letter sent to AG Pam Bondi on Thursday, Senators argue the DOJ and Treasury Department did not adequately reply to earlier questions.
Senator Elizabeth Warren pressed Attorney General Pam Bondi for details on whether Binance complies with its 2023 settlement agreement, as Bloomberg News reported on Sept. 18. Warren cited inadequate responses from federal prosecutors regarding the world’s largest cryptocurrency exchange in a letter co-authored by Democratic senators Mazie Hirono and Richard Blumenthal. The letter demanded confirmation […]
The post Elizabeth Warren probes Justice Department over Binance 2023 settlement terms appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bank processors and exchanges are among the fintech firms best positioned to benefit from rate cuts, according to Mizuho.