Converge

Latest

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 Invests $20M in Brazil's Mercado Bitcoin
TradFi & Fintech

Tether Invests $20M in Brazil's Mercado Bitcoin

Tether has invested $20 million in a strategic growth financing round for Mercado Bitcoin, Brazil's largest crypto exchange, the stablecoin issuer announced Tuesday. The deal backs Mercado Bitcoin's push into tokenization, payments, credit and capital markets across Latin America. Mercado Bitcoin,…
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…
JPMorgan's JLTXX Tokenized Money Market Fund AUM Grows 250% in a Month on Ethereum
TradFi & Fintech

JPMorgan's JLTXX Tokenized Money Market Fund AUM Grows 250% in a Month on Ethereum

JPMorgan's JLTXX tokenized money market fund has grown its onchain assets under management by roughly 250% over the past month, according to data platform Token Terminal. The bank runs the fund exclusively on Ethereum. JLTXX, formally the OnChain Liquidity Token Money Market Fund, launched May 13…
Ripple Secures Full MiCA License, Completing EU Compliance
Regulation & Politics

Ripple Secures Full MiCA License, Completing EU Compliance

Ripple has received full Crypto Asset Service Provider (CASP) authorization from Luxembourg's Commission de Surveillance du Secteur Financier, the company said in a press release Monday. The license completes Ripple's Markets in Crypto-Assets Regulation (MiCA) requirements, letting it offer…
AVAX One CEO Jolie Kahn Resigns Days After Stock Crash Warning
People

AVAX One CEO Jolie Kahn Resigns Days After Stock Crash Warning

AVAX One Technology, the Nasdaq-listed Avalanche treasury and bitcoin-mining company, said Chief Executive Jolie Kahn resigned effective July 3, with Chief Operating Officer Pete Wylie stepping in as interim CEO, according to an 8-K filing with the Securities and Exchange Commission.
Strategy Sells 3,588 Bitcoin for $216M to Fund Dividend Payments
CeFi

Strategy Sells 3,588 Bitcoin for $216M to Fund Dividend Payments

Strategy sold 3,588 Bitcoin for $216 million to cover dividends on its Digital Credit securities, the company said in a post on its official X account Monday. The firm now holds 843,775 BTC in its BTC Reserves and $2.55 billion in its USD Reserves, as of July 5, 2026. The sale is the largest…
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…
ESMA Warns Prediction Market Event Contracts May Fall Under EU Binary Options Ban
Regulation & Politics

ESMA Warns Prediction Market Event Contracts May Fall Under EU Binary Options Ban

The European Securities and Markets Authority (ESMA), the EU's securities regulator, said in a statement that many prediction market event contracts may already fall within the bloc's existing ban on marketing binary options to retail investors. The regulator reminded firms they must assess whether…
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.