Digital asset trading platform Uphold cuts 17% of global headcount as crypto winter bites
The crypto trading platform said the layoffs reflect a strategic shift toward its fastgrowing enterprise business. Source：CoinDesk
Kraken parent Payward acquires Magic Labs’ wallet business
The deal brings wallet technology to Payward’s enterprise platform, potentially reducing the number of infrastructure providers businesses need to integrate…
What are perps, anyway? Everything you need to know about crypto’s hottest trading instrument
Perps, which launched on BitMEX in 2016, have become one of the most traded financial products in the world. Source：CoinDesk
Fanatics buys regulated exchange in bid to grow prediction markets business
The deal gives Fanatics control of its own prediction market infrastructure as eventbased trading gains traction across sports, finance and crypto.…
Cantor is advising crypto bank AMINA on path to potential public listing
The Swiss bank is exploring multiple paths to the public markets, though discussions are ongoing and no final decision has been made. Source：CoinDesk
Securitize builds Wall Street credentials with SEC adviser license as tokenization expands
The license broadens the BlackRock tokenization partner's offering as regulators weigh rules for onchain investment products. Source：CoinDesk
Circle buys nearly 1,000 blockchain patents from IBM
The portfolio covers blockchain technology, banking, insurance, and cloud security, though the financial terms of the deal were not disclosed. Source：CoinDesk
Coinbase CEO Brian Armstrong criticizes crypto startups that rebrand to AI
Armstrong said blockchain technology acts as a generalpurpose infrastructure that will underpin future automation rather than competing with it. Source：CoinDesk
Cloud data firm Storj files for Chapter 11, extending a week of crypto failures. Token slides 16%
The decentralized data storage company says operations continue and proposes that token holders take equity in the restructured business — an unusual…
South Korea trading giant puts receivables onchain in tokenization test with LG CNS
POSCO International and LG CNS is tapping Injective network to tokenize live commercial invoices, another sign blockchain rails are moving deeper into…
South Korea’s largest bank to launch payment service on JPMorgan’s Kinexys
South Korea’s largest lender will use JPMorgan’s blockchain platform to support US dollar crossborder payments for import and export businesses across 10…
Russia’s largest bank Sberbank plans crypto trading infrastructure by December
New regulations for crypto trading, custody, and settlement in Russia take effect Sept. 1, with requirements for licensed intermediaries applying from July…