Ethena looks beyond crypto to squeeze yield from booming equity perpetuals
The issuer of the $4 billion USDe token said it expects realworld asset perpetuals to eclipse crypto derivatives in its backing within 12 to 24 months.…
Bitcoin bear market ‘over’ as price metric copies 2023 recovery: CryptoQuant CEO
Bitcoin profitability data produced a bearmarket reversal signal that was also present at the start of 2023. Source：Cointelegraph
Bullish backs USD.AI with $100 million in financing to drive GPU-backed loans
Cryptocurrency platform Bullish is extending a $100 million debt facility to USD.AI to finance GPUbacked loans for artificial intelligence infrastructure.…
Visa doubles down on South Korea with Upbit operator Dunamu on stablecoin payments
Following a deal with Shinhan Financial, the global payments giant is widening its footprint in Asia’s major crypto hub through South Korea's largest exchange.…
BitGo buys NYDIG trading arm to deepen institutional crypto push
BitGo completed its acquisition of NYDIG’s institutional trading business, adding about 30 employees and expanding its derivatives and financing capabilities.…
Kraken users briefly locked out after a flood of sanctioned crypto transactions
The activity, appearing to spread sanctioned funds to trigger account restrictions, occurred between Aug. 17 and Aug. 24. Source：CoinDesk
Abu Dhabi royal backs 49% stake in Trump-linked crypto bank venture: WSJ
Sheikh Tahnoon’s group reportedly backs a 49% stake in the holding company behind World Liberty’s conditionally approved US trust bank. Source：Cointelegraph
Trump cost investors $4.7B through crypto ‘schemes’: Public Citizen
While investors in World Liberty Financial‘s USD1 stablecoin “haven’t suffered major losses,” many lost billions of dollars in other Trump ventures, according…
Mirae Asset lays out crypto, stablecoin, tokenization plans for Digital X
The South Korean financial group plans to build a $109 billion digital asset business spanning crypto, stablecoins and tokenized assets, according to The Korea…
Bitcoin eyes $81K as Nvidia earnings beat boosts risk assets
Bitcoin and crypto joined US stock markets in fresh gains after Nvidia Q2 earnings beat expectations by around $4 billion. Source：Cointelegraph
Charles Schwab adda Solana, Avalanche and Chainlink to nascent crypto platform
The financial services giant plans to expand Schwab Crypto beyond Bitcoin and Ether just months after rolling out direct crypto trading to retail clients.…
Polish Olympic chief arrested as prosecutors probe suspected crypto-linked bribe
Prosecutors are probing allegations that Zondacrypto's CEO gave Radosław Piesiewicz a 40,000 euro watch for help with regulatory hurdles. Source：CoinDesk