In July 2025, the regulatory landscape for cryptocurrency investment products in the United States underwent a significant shift. Under new leadership, the SEC issued guidance that has implications for asset managers aiming to launch exchange-traded funds tied to various crypto…
Tether stores $8 billion in gold at Swiss vault matching UBS
The revelation by Tether CEO Paolo Ardoino on July 7 that the company holds approximately $8 billion in gold stored in a Swiss vault has drawn attention to the stablecoin issuer’s broader reserve management strategy. During an interview with Bloomberg…
Trump Media files third ETF application for crypto fund
Trump Media & Technology Group Corp. is advancing its presence in the digital-asset arena with a third exchange-traded fund application. On Tuesday, the social-media company behind Truth Social, majority-owned by President Donald Trump, filed to launch a “Crypto Blue Chip”…
Firms from Uber to Amazon are testing 5 stablecoin pilots
In June, Uber CEO Dara Khosrowshahi revealed that the ridesharing giant was evaluating stablecoins for global money transfers, signaling a shift from skepticism to serious consideration among major technology leaders. A year earlier, such interest from a Fortune 500 executive…
Strategy Reports $14 Billion Unrealized Bitcoin Gain in Q2
Michael Saylor’s leadership of Strategy has transformed the company into the largest corporate Bitcoin holder, reshaping its financial profile and stock performance. In the second quarter, Strategy reported an unrealized gain of $14.05 billion driven by a rebound in Bitcoin’s…
CoreWeave to Acquire Core Scientific in $9 Billion Stock Deal
CoreWeave has agreed to acquire Core Scientific in an all-stock deal that values the bitcoin miner at about $9 billion. Under the terms, each Core Scientific share will convert into 0.1235 CoreWeave Class A shares, reflecting a 66% premium to…
Secret Service leads global effort to counter crypto scams
The United States Secret Service is intensifying its efforts against crypto fraud by equipping law enforcement teams worldwide with the skills to detect and dismantle sophisticated digital scams. Through its Global Investigative Operations Center (GIOC), the agency partners with authorities…
TOP raises $28.5 million to expand Telegram crypto services
The Open Platform (TOP) recently secured a transformative $28.5 million Series A round at a meticulously negotiated $1 billion valuation, cementing its status as a rising unicorn in the blockchain arena. Spearheaded by fintech specialist Ribbit Capital, with strategic participation…
Solana first ETF launches as 3 new altcoin funds debut
Cryptocurrencies have steadily made their way into mainstream finance, and the latest entrant, Solana, marks another milestone in this evolution. On Wednesday morning, investors witnessed the launch of the very first Solana exchange-traded fund on Cboe BZX, a prominent Chicago-based…
Ripple and BitGo Among 4 Firms Applying for US Bank Charters
Payments and stablecoin firm Ripple Labs Inc. and crypto custodian BitGo Inc. have recently submitted applications for national bank charters, signaling a significant shift in the financial services landscape. The filings mark a concerted push by nascent fintech firms to…