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eToro Takes Strategic Stake in Onchain Derivatives Exchange Extended, Plans Zengo Tie-Up
CeFi

eToro Takes Strategic Stake in Onchain Derivatives Exchange Extended, Plans Zengo Tie-Up

eToro has become a strategic investor in Extended, an onchain perpetual futures exchange, and said the round begins a partnership with Zengo, the self-custody wallet eToro acquired earlier this year. Neither company disclosed the investment size.
BitMine Adds $73 Million in ETH, Pushing Holdings to 4.8% of Supply
TradFi & Fintech

BitMine Adds $73 Million in ETH, Pushing Holdings to 4.8% of Supply

BitMine Immersion Technologies (NYSE: BMNR), the Ethereum treasury company chaired by Fundstrat's Tom Lee, bought 42,197 ETH worth roughly $73 million over the past week, according to the company's own holdings update posted Monday. The purchase lifts BitMine's total to 5,742,237 ETH, about 4.8% of…
EDX Markets Closes $76M Series C Led by SBI Holdings
TradFi & Fintech

EDX Markets Closes $76M Series C Led by SBI Holdings

EDX Markets, an institutional-only crypto trading venue with its own central clearinghouse, closed a $76 million Series C funding round led by SBI Holdings, the firm said in a press release. The Tokyo-listed financial group becomes a strategic investor in the U.S. exchange. The capital will fund…
Tether's Former CIO Heathcote Plans to Sell Equity Stake
CeFi

Tether's Former CIO Heathcote Plans to Sell Equity Stake

Richard Heathcote, who until earlier this year served as Tether Holdings SA's chief investment officer, is planning to sell a small stake in the stablecoin issuer, Bloomberg reported Monday, citing people familiar with the matter. Heathcote is working with investment bank PJT Partners to sell part…
South Korea Super-App Toss to Run Won Stablecoin Pilot on OP Stack
Blockchains

South Korea Super-App Toss to Run Won Stablecoin Pilot on OP Stack

Optimism says Toss is the fourth regulated financial institution in a year to pick the OP Stack, after Bitpanda, Kraken and Mitsui.
Coinbase Chief Legal Officer Paul Grewal to Step Down
People

Coinbase Chief Legal Officer Paul Grewal to Step Down

Molly Abraham is set to take over as general counsel as Grewal shifts to a three-month advisory role through October.
Circle Wins Final OCC Approval for National Trust Bank
CeFi

Circle Wins Final OCC Approval for National Trust Bank

The stablecoin issuer received a charter for First National Digital Currency Bank, allowing it to custody digital assets and, eventually, hold USDC reserves under direct federal supervision. Shares rose more than 10%.
HSBC Issues First Digitally Native Structured Product in Hong Kong
TradFi & Fintech

HSBC Issues First Digitally Native Structured Product in Hong Kong

The bank placed USD-denominated notes issued directly on a blockchain, with Marketnode acting as tokenization agent and digital paying agent.
Privy Launches Global Fiat Onramps With Stripe in US, EU
TradFi & Fintech

Privy Launches Global Fiat Onramps With Stripe in US, EU

Privy pairs Stripe's Crypto Onramp for the US and EU with its own aggregator covering more than 100 other countries, all funneling into a single wallet.
PayPal's PYUSD Goes Native on Polygon, Joins Open Money Stack
TradFi & Fintech

PayPal's PYUSD Goes Native on Polygon, Joins Open Money Stack

Paxos, the OCC-regulated issuer of PYUSD, said the stablecoin will now settle directly on Polygon rather than moving there as a bridged token.