Latest

Regulation & Politics
CFTC Expands Polymarket Probe to Staged Trades and Fake Wins
The Commodity Futures Trading Commission is conducting a broad investigation into Polymarket covering staged trades and fake winning bets, Bloomberg reported Friday, advancing the agency’s scrutiny beyond the platform’s prior influencer scheme.

CeFi
OKX and Coinbase Race to Sign Up Binance's Displaced EU Users Before MiCA Deadline
OKX is offering EEA users deposit bonuses of up to 8% and Coinbase has launched a parallel transfer bonus for subscribers in eight European markets, as both licensed exchanges compete to capture users displaced by Binance's July 1 MiCA wind-down.

TradFi & Fintech
BNY Adds USDC to Institutional Custody Platform in Expanded Circle Partnership
BNY, the world's largest custodian bank with $59.4 trillion in assets under custody, has made USDC the first stablecoin on its Digital Asset Custody platform, enabling institutional clients to store, transfer, mint, and redeem Circle's dollar-pegged token alongside traditional assets.

Markets
Strategy's Enterprise mNAV Drops Below 1 for the First Time
Strategy's enterprise market-to-NAV ratio crossed below 1 on Thursday for the first time, putting the combined weight of its debt, preferred stock, and equity above the value of its 847,363-bitcoin treasury and closing the equity-accretion channel that powered its buying spree.
Podcast
MoneyGram CEO on rolling out MGUSD to its 60 million users, globally
MoneyGram has been quietly building on blockchain for over five years. Now, with its own stablecoin (MGUSD), a Kraken partnership, a validator seat on the Tempo network, and $2B+ in stablecoin settlements already running — the pace is accelerating.

CeFi
Kraken's xStocks Opens Bending Spoons IPO Registration to EEA Retail
Kraken's xStocks platform is opening non-binding interest registration for the Bending Spoons IPO to eligible customers in the EEA and select global markets, the tokenized equities infrastructure's second pre-IPO offering after a troubled SpaceX debut.

Hacks
Polymarket Confirms $3 Million Loss From Third-Party Front-End Supply-Chain Breach
Polymarket confirmed hackers drained approximately $3 million through a compromised third-party vendor that injected malicious code into the platform's website, and pledged full refunds to fewer than 15 affected accounts.

NFTs & Web3
Zuckerberg Urges Meta to Explore Polymarket and Kalshi Partnerships
Mark Zuckerberg has pushed Meta's leadership to explore partnerships with Polymarket and Kalshi, per a new New York Times report, days after a separate report revealed Meta is building its own prediction-market app called Arena.

TradFi & Fintech
Chainlink Launches Project Pangea With 50+ Banks Across 16 Countries for T+0 FX Settlement
Chainlink and a multinational consortium of more than 50 banks across 16 countries launched Project Pangea at Point Zero Forum in Zurich, targeting real-time atomic settlement for the $9.6 trillion-a-day global foreign exchange market via Chainlink rails, Swift messaging, and regulated EUR and KRW stablecoins.

TradFi & Fintech
Ripple Launches RLUSD in Japan via SBI as Circle and Nomura Join Stablecoin Race
Ripple's RLUSD stablecoin went live in Japan on Tuesday after receiving approval from Japan's Financial Services Agency, becoming the first foreign-issued stablecoin classified under Japan's revised Payment Services Act.




