Crypto exchange Gemini has filed a formal complaint against the Commodity Futures Trading Commission’s (CFTC) Division of Enforcement (DOE), accusing it of pursuing a prolonged and unjustified legal campaign. On June 17, Gemini co-founder Tyler Winklevoss revealed that the firm submitted the complaints to the CFTC’s Office of the Inspector General on June 13. According […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Coinbase and Nodal Clear aim to finalize USDC as collateral for US futures trading sometime in 2026.
Iranian crypto exchange Nobitex has suffered a major security breach, resulting in the loss of over $48 million. The company confirmed the attack via an X post on June 18, revealing that the incident targeted its hot wallets. It stated: “This morning our technical team detected signs of unauthorized access to a portion of our […]
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ZachXBT said the alleged attacker used a vanity address, which contained the words 'IRGC' and 'terrorists.'
Coinbase is seeking permission from the U.S. Securities and Exchange Commission (SEC) to launch blockchain-based equities, Reuters reported on June 17, citing the exchange’s chief legal officer, Paul Grewal. The plan would enable Coinbase to offer digital tokens that represent ownership in publicly listed companies, effectively merging traditional equity markets with blockchain infrastructure. If greenlit, […]
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Ink Foundation announced on June 17 that it would mint 1 billion INK tokens to fund user-run liquidity on Ink, the Ethereum layer-2 network backed by Kraken. The foundation has permanently set the supply cap and will release the mint date and contract address after completing the audits. The end of audits, together with predefined […]
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JPMD, to be launched on Base, is a "permissioned" deposit token that will digitally represent commercial bank holdings.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Ink Foundation said there will be a hard cap of 1 billion INK tokens, which will not be used for protocol governance.
Coinbase is seeking approval to offer blockchain based stocks in the U.S., according to a Reuters report.
Earlier this year, Gemini agreed to pay a fine to settle a CFTC dispute — a situation the exchange argues demonstrates the agency's "toxic" priorities.
Bybit launched a new platform on June 16 that allows users to trade gold, forex, stock CFDs, global indices, and commodities directly within its app, a first for any major crypto exchange. The launch of Bybit TradFi expands the company’s offerings beyond digital assets, positioning it as a full-service financial hub aimed at bridging the […]
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Crypto exchanges Coinbase and Gemini are close to securing regulatory approvals granting them access to operate across the EU, Reuters reported on June 16, citing people familiar with the matter. According to the report, the expectation has intensified tensions among national regulators over the speed and oversight of new licensing under the bloc’s landmark crypto […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Coinbase and Gemini are reportedly set to be the latest firms to receive MiCA approval to operate across the EU trading bloc.
Kraken's survey found that 31% of respondents saw advancements in security could help protect digital asset funds.
Bybit, one of the world’s most active crypto derivatives exchanges, has announced the launch of Byreal, a decentralized exchange (DEX) built on Solana, marking its most aggressive push yet into DeFi. The move signals a broader pivot toward hybrid finance, where centralized liquidity meets decentralized transparency. “Byreal isn’t ‘just another DEX.’ It’s combining CEX-grade liquidity […]
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Bybit's upcoming Solana DEX Byreal aims to merge CEX-level liquidity with the transparency of DeFi-native platforms.
Cantor analysts reiterated an "overweight" rating on Coinbase stock and raised their 12-month price target from $253 to $292.
During Bitcoin’s climb to a new ATH above $111,000 in late May, a silent but measurable reshuffling has occurred in the market: more BTC is now held on offshore exchanges than on regulated platforms in the US, and volumes are steadily leaking from KYC-compliant venues. Data from CryptoQuant shows that the market embraced institutional inflows […]
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Coinbase announced a Bitcoin-backed credit card and CFTC-compliant perpetual futures for US customers. The exchange made the revelation during its annual State of Crypto Summit on June 12. Perpetual futures for US traders Max Branzburg, head of consumer and business products, said Coinbase will soon list perpetual futures contracts for domestic users under the Commodity […]
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Coinbase will launch the Coinbase One Card, an American Express-powered credit card that rewards users with bitcoin, this fall.
Stripe said the ability for merchants to accept USDC will be available to Shopify merchants in 34 countries.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
A growing share of Bitcoin’s circulating supply is now concentrated in the hands of major institutional players and centralized entities, a new report by Gemini and Glassnode reveals. According to the findings, over 30% of Bitcoin’s supply is now controlled by just 216 centralized holders across six key categories, including crypto exchanges, ETFs and funds, […]
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Trading will start on Thursday at 12 p.m. ET once they meet liquidity conditions, enabling trading pairs of FARTCOIN-USD, CAKE-USD and SQD-USD.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
FTX, the bankrupt crypto exchange, has added Payoneer to its creditors’ repayment options, according to a June 10 statement. The new company would serve as an additional asset distribution channel, alongside BitGo and Kraken. Payoneer operates a global payments platform across more than 190 countries and territories. Under the agreement, Payoneer will help distribute funds […]
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Last month, FTX processed its second distribution of over $5 billion to former customers of the bankrupt exchange.