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Articles · 17

Robinhood Chain racks up $1B DEX volume in debut week
Robinhood Chain has posted more than $1 billion in first-week DEX volume while its TVL soared millions of percent on memecoin momentum; Circle obtained a national trust bank charter and crypto legislation inches forward with a possible Clarity Act draft next week.

Paradigm Closes $1.2 Billion Fund Aimed at Crypto, AI and Robotics Startups
Paradigm has closed a $1.2 billion fund targeting startups in crypto, AI, robotics and other emerging technologies while continuing to center digital assets. The vehicle reflects colliding frontiers in technology and arrives as crypto builders create tools that let AI agents transact with minimal oversight.

Coinbase Obtains UK Approval to Add Equities and Derivatives
Coinbase has secured UK authorization to offer equities and derivatives alongside crypto, enabling perpetual futures for institutional traders and equity trading for retail customers. The move advances the company's Everything Exchange strategy ahead of the UK's full crypto framework in 2027.

UK retail payments plan backs tokenization and digital money interoperability
Regulators in Britain have issued an updated national blueprint for retail payments that urges building infrastructure capable of handling tokenization along with seamless connections to emerging types of digital money. The move advances a diverse multi-money ecosystem and aligns with the FCA's new crypto licensing regime opening in September.

Robinhood Deploys AI-Native Ethereum Layer-2 Focused on Tokenized Stocks
Robinhood activated the mainnet of its AI-native Ethereum layer-2 network featuring tokenized stocks that function as DeFi collateral, while Venice AI closed a $65M round at a $1B valuation to become crypto's newest unicorn. HOOD shares rose more than 8% and Lighter's LIT token gained 15%.

OFAC sanctions 134 ISIS-K crypto wallets as Tether freezes funds
OFAC has sanctioned 134 crypto wallet addresses linked to ISIS-K, including 131 Tron addresses that received over $1.4 million in donations since 2023, prompting Tether to freeze associated funds. The move underscores the increasing reliance on blockchain analytics to enforce financial sanctions against terrorist financing networks.

Robinhood deploys public mainnet on Arbitrum and targets UK crypto trading
Robinhood activated its public mainnet on Arbitrum four months after testnet launch while disclosing plans for UK crypto trading and new DeFi tools. The developments follow a 10 percent workforce cut and a nearly 50 percent drop in crypto revenue.

Visa, Mastercard and Coinbase Launch Open USD Stablecoin
Visa, Mastercard, Coinbase and over 140 businesses launched Open Standard to issue Open USD, a US dollar-tied stablecoin expected later in 2026. The move follows the GENIUS Act signed into law on July 18, 2025, which created a new regulatory framework and aims to expand stablecoin use beyond crypto trading.

SEC Seeks Public Input on Updating Rules for Novel ETFs
The SEC has launched a 60-day comment period to rethink its rules for novel ETFs, including crypto-focused products, questioning whether providers investing in non-securities qualify as investment companies. The move could pave the way for a wider range of assets under an automated approval process that fueled growth from $4 trillion in 2019 to $12 trillion in 2025.

UK Regulator Issues Final Crypto Oversight Framework
The Financial Conduct Authority has released its final crypto rulebook, requiring trading platforms, custodians, stablecoin issuers, and staking providers to obtain authorization before an October 2027 launch. The completed framework applies standards comparable to traditional finance while simplifying some requirements after industry consultation.

EBA proposes up to 12.5% revenue fines for MiCA violations
The European Banking Authority published a consultation paper outlining fines of up to 12.5% of annual revenue for significant token issuers that violate MiCA rules. The framework arrives days before a July 1 licensing deadline that will force many crypto firms to halt EU operations or face exactly the penalties now detailed.

Kraken teams with Maple to bring warehouse financing onchain for institutional crypto loans
Kraken and Maple introduced an onchain warehouse financing facility that routes institutional crypto-backed loans through a bankruptcy-remote SPV with USDC senior debt from Maple. The partnership enables Kraken to scale lending activity without committing further capital from its balance sheet while tokenized credit surpasses $6.2 billion in value.

SBI Takes Full Ownership of Bitbank in $289 Million Transaction
SBI Holdings will gain full control of Bitbank through a $289 million transaction that creates Japan’s largest crypto exchange by assets under custody, targeting 1.1 trillion yen and 2.92 million accounts while expanding its stablecoin, tokenization and blockchain infrastructure.

ESMA Tells Unauthorized Crypto Providers to Leave EU Market
ESMA has ordered unlicensed crypto firms to stop serving EU clients and wind down operations before the MiCA authorization deadline of July 1, 2026. The move ends the transitional period for the EU's unified crypto rulebook and limits services to orderly client exits while maintaining AML obligations.

Ripple wins preliminary CASP approval in Luxembourg under MiCA
Ripple has secured preliminary CASP approval under MiCA from Luxembourg’s regulator, enabling regulated crypto services across the EEA once finalized. The move comes days before the July 1 deadline as crypto firms race for compliance and Europe tests the new framework.

Franklin Templeton Forms Franklin Crypto Division Following 250 Digital Acquisition
Franklin Templeton has closed its acquisition of 250 Digital and established the Franklin Crypto division targeting institutional investors with actively managed cryptocurrency strategies. The step aligns with the asset manager's tokenized holdings reportedly expanding from roughly $768 million to more than $2.5 billion over the past year while the wider onchain RWA sector more than doubled.

Bank of England Abandons Stablecoin Holding Limits, Imposes £40 Billion Issuance Cap
The Bank of England has dropped proposed caps on individual and corporate stablecoin holdings, replacing them with a temporary £40 billion issuance ceiling per systemic stablecoin. The policy adjustment, which also relaxes reserve backing rules to bolster issuer economics, follows industry and parliamentary objections ahead of full U.K. crypto regulations in 2027.
From the feed · 52
Treasury Secretary Bessent called the crypto Clarity Act "at the 1-yard-line" and urged Congress to pass it.
Bitcoin jumped to nearly $67,000 Tuesday, lifting Strategy and other crypto stocks along with it.
Bitcoin nears a seven-week high as crypto and US stocks brush off Iran strikes and 10% tariff threats. Markets showed little reaction to the developments.
U.S. Treasury froze a $130 million crypto wallet linked to Iran's IRGC. The action is part of tracking and seizing assets tied to Supreme Leader Ali Khamenei.
Gate Europe CEO Giovanni Cunti says some MiCA-licensed crypto firms may exit the EU market as they struggle to sustain compliance costs under the new rules.
Russia's State Duma passed legislation creating a regulated framework for crypto market participants. The bill now moves to President Putin for signature.
UK lawmakers have opened an inquiry into why banks block accounts and payments for crypto firms and whether those restrictions are holding the sector back.
London Stock Exchange reportedly plans to introduce round-the-clock trading to match crypto's 24/7 availability.
Bitcoin Japan, the Metaplanet subsidiary, is launching a crypto treasury and plans to acquire Bitcoin despite the current market downturn.
Nigeria's president signed an executive order creating a virtual asset council to coordinate crypto oversight and enforcement. The move targets regulatory fragmentation on licensing, taxes, and compliance.
Bernstein raised its price target on Robinhood, highlighting tokenized equities and the Arbitrum-based Robinhood Chain as steps that could cut reliance on crypto trading revenue.
Russia’s State Duma will hold second and third readings on its crypto regulation bill Tuesday. The measure covers investor rules and cross-border payments.
South Korea's financial regulator opened 40 investigations into crypto market manipulation over the two years since the Virtual Asset User Protection Act took effect. The figures came from Financial Services Commission Chair Lee Eog-won.
Kraken launched USD-settled bitcoin and ether options. The exchange says simpler product design, not missing demand, has limited crypto derivatives adoption.
Crypto executives predict digital-native generations will bypass bank accounts entirely. Teakhouse Financial's Adrian Cachinero points to reduced reliance on traditional finance, while Binance notes younger users already accelerating crypto adoption in emerging markets.
90% of Brazil's crypto transactions now run on dollar-linked stablecoins. The Trump administration is targeting Pix and other local rails as threats to dollar-based trade.
$1.4B in disclosed crypto earnings prompted Senator Warren to request Trump report the January-July period by 2026, moving up the original 2027 deadline ahead of a Senate crypto bill vote.
Congress opened a hearing on the Crypto Clarity Act. The session focuses on regulatory definitions for digital assets.
SBI Holdings reportedly secured MAS approval to acquire a majority stake in Singapore-based crypto exchange Coinhako. The move targets stablecoins, onchain finance and tokenized assets.
Two hackers tied to a $115M crypto ransom scheme received UK sentences after pleading guilty to links with the Scattered Spider group, which US prosecutors say extorted dozens of companies.
Bitcoin slipped below $63,000 as AI stock fatigue and U.S.-Iran tensions fueled a broader risk-off move into crypto. A technical gauge pointed to oversold conditions heading into the weekend.
A South Dakota crypto investor faces federal indictment over an alleged $20M fraud scheme. Prosecutors claim false promises raised the funds, earlier investors were repaid with new money, and proceeds were laundered through exchanges.
The Crypto Clarity Act is expected for release today but reportedly lacks Senate Democrat support.
Project Eleven proposes a post-quantum cryptographic proof that would let Bitcoin users verify wallet ownership after a quantum attack. The method focuses on recovery without exposing private keys during the transition.
BitPay received approval from the Dutch Authority for the Financial Markets to operate as a crypto-asset service provider under MiCA. The company plans to expand stablecoin payment options across Europe.
$1.9 trillion asset manager T. Rowe Price launched what it says is the first actively managed multi-token spot crypto ETF, offering diversified exposure to digital assets.
Fed Chair Kevin Warsh said the Fed will not bail out failing crypto firms. The industry must bear its own risks as regulators finalize rules under the GENIUS Act.
President Trump will reportedly meet with US senators today to discuss advancing the Crypto Clarity Act.
Visa is reportedly launching a new platform to provide crypto stablecoin services to over 200 million merchants.
Cloudflare integrated the x402 protocol, letting websites charge AI agents directly with crypto payments. Bitcoin and Lightning are highlighted as options for speed and privacy.
Ledger wants AI agents to manage crypto without holding keys, letting them read balances and analyze portfolios while requiring every sensitive action to be approved on a Ledger device.
MoonPay reportedly acquired Glide, the crypto infrastructure startup founded by former Robinhood Wallet engineers, to expand its cross-chain deposit capabilities.
Tokenized stocks reached a record market cap of $2.3 billion. Investors are buying into equity products launched on crypto exchanges.
FATF urged faster enforcement of crypto AML rules. Criminal networks are turning to stablecoins and proprietary tokens to evade asset freezes.
The U.S. added four crypto wallets linked to Iran's central bank to its sanctions list. Tether froze $131 million held in those TRON-based addresses.
Revolut reportedly received in-principle approval from Dubai’s Virtual Assets Regulatory Authority for crypto broker-dealer, management, investment, and exchange services in the UAE.
Trump's Attorney General nominee Todd Blanche faced Senate Judiciary Committee criticism over plans to reduce crypto enforcement and the pardon of former Binance CEO Changpeng Zhao.
White House officials are reportedly meeting with US Senators to advance the Crypto Clarity Act.
South Korea will amend a 76-year-old law to classify cryptocurrencies as national assets. The government also plans to pilot tokenized bonds next year and explore tokenizing state-owned real estate.
AMLA chair warned crypto firms face AML risks during the post-MiCA migration. The agency is expanding oversight as firms complete the transition to EU licensing.
BlackRock's crypto assets fell 39% over the past year even as its digital asset funds took in $15 billion in net inflows. Lower prices more than offset the new money.
Three US senators oppose the CLARITY Act on ethics grounds. Senate Majority Leader John Thune reportedly plans a vote on the crypto market structure bill before Aug. 10.
The US and UK have reportedly announced a joint plan to support cross-border tokenized assets and crypto stablecoins.
Fed Chair Kevin Warsh reportedly said the US should not bail out anyone, including crypto.
Franklin Crypto CIO Seth Ginns says crypto prices remain disconnected from fundamentals even as institutional adoption accelerates and the sector shows its strongest metrics in years.
Bolivia is weighing the addition of Tether's USDT to its national payments system. Crypto transaction volumes in the country reached $430 million in the year after the central bank lifted restrictions in mid-2024.
President Trump reportedly called for the Senate to pass the crypto Clarity Act.
Crypto sold off Monday after last week's gains, with Middle East tensions and profit-taking in focus. South Korea's Kospi fell 9.2 percent and $253 million in leveraged positions were liquidated.
Chinese prosecutors reportedly want to treat crypto mixer and privacy coin use as evidence of money laundering intent. The proposal also calls for new blockchain evidence rules and a state platform to sell seized coins.
The Trump DOJ is reportedly set to drop charges against the operator of a $722 million crypto Ponzi scheme.