Utorg Obtains MiCA License as July 1 Deadline Forces Much of the Industry Out of Europe
[PRESS RELEASE – Dubai, UAE, July 1st, 2026] Utorg, a crypto wallet and card platform built on institutional-grade infrastructure, today announced it has received full authorization under the EU’s Markets in Crypto-Assets (MiCA) regulation, effective July 1, 2026 – the…
Shanghai crypto forex case sends five to prison over $29M transfers
A Shanghai court sentenced five people to prison over an illegal foreign exchange network that used crypto to move more than $29.4 million abroad. Summary Shanghai prosecutors said the group used crypto to move over $29.4 million abroad illegally. Five…
What is OpenUSD (OUSD)? Visa, BlackRock, Coinbase, and 140+ Firms Fuel Buzz Around New Stablecoin
Backed by over 140 companies, Open USD promises zero-fee minting, collaborative governance, and reserve yield sharing ahead of its launch. Open USD (OUSD) stablecoin has emerged as one of the crypto market’s biggest trending topics after the project drew…
Binance and CZ sued in London by 1,700 UK investors
Nearly 1,700 UK investors have sued Binance and founder Changpeng Zhao in London over alleged losses tied to crypto derivatives. Summary Nearly 1,700 UK investors accuse Binance and CZ of selling unauthorized crypto derivative products. The claim targets futures, options…
3 AIs Give Surprising Answers
SOL is the “easiest pick,” ChatGPT said. The prolonged bear market has left numerous crypto investors underwater, as prices of countless digital assets have crashed by double digits over the past several months. Despite the grim reality, the current…
Crypto Is No Longer the ‘Belle of the Ball,’ Warns Bitwise’s Matt Hougan
Crypto winter looks different this cycle as capital rotates toward smaller assets with credible fundamentals instead. Bitwise Chief Investment Officer Matt Hougan said the “brutal” cryptocurrency market is no longer the “belle of the ball,” as digital assets are…
Bitcoin Investment Products Suffer $1.44B in Outflows During Worst Week of 2026
XRP, Hyperliquid, and Near attracted fresh investor money despite massive outflows across the broader crypto fund market. Bitcoin investment products recorded $1.44 billion in net outflows last week, according to CoinShares. It was the largest weekly withdrawal from Bitcoin…
First-Ever Crypto Fraud Case Under New Investor Protection Law
South Korean authorities tracked suspects for months after CatFi case was initially dismissed despite early blockchain sleuth reports and evidence. South Korean prosecutors have filed charges against a group of individuals linked to a Solana-based meme coin project called…
XRP Sentiment Sinks to Lowest Since October 2025 as Santiment Flags Trader Fatigue
Key Takeaways XRP sentiment has hit an 8-month low, matching its October 2025 trough, per Santiment. XRP is currently trading near $1.13, down about 38% in 2026, with the $1 support level now within reach. Santiment notes XRP’s sharpest rebounds…
South Korea says tokenized stocks may be taxed under existing laws
South Korea’s tax authorities are preparing to treat tokenized stocks as securities rather than virtual assets, a move that could bring the rapidly growing sector into the country’s existing taxation framework once financial regulators finalize their legal interpretation. Summary South…
Figure Buys Kiavi for $717M as It Targets $200 Billion Lending Market
Key Takeaways Figure agreed to buy Kiavi for $717M, adding AI-powered real estate lending technology. Figure expects $7B+ annual loan volume and targets 40%+ first-lien share by 2027. Sixth Street backs the deal as Figure expands tokenized lending via Figure…
Bitcoin Jumps, Oil Drops as Trump Calls Off Planned Iran Strikes
Moreover, the POTUS said the permanent peace deal between the two nations is almost done. Bitcoin’s price experienced a noteworthy uptick over the past hour or so, jumping from $62,300 to a multi-day peak of $63,700. At the same…
Citi Rolls Out Tokenized Receipts for Private Company Shares
Citigroup on June 11, 2026, began rolling out a product that allows wealthy clients and institutional investors to trade shares of private companies as tokens on a blockchain, according to The Wall Street Journal (WSJ). The product is initially open…
HashKey stock jumps 10% after HK$100M share buyback approval
HashKey Holdings Limited approved a share repurchase plan of up to HK$100 million as its Hong Kong-listed stock rebounded after recent pressure. Summary HashKey approved a HK$100 million buyback using company funds, excluding global offering proceeds from repurchases. The buyback…
Brazil Introduces Bill 2946 to Turn Central Bank Crypto Rules Into Federal Law
Key Takeaways Donizette filed Bill 2946/2026 to next enforce mandatory registration across Brazil’s crypto market. The bill codifies Resolution 519 of 2025, thereby bringing statutory stability to VASP regulatory standards. After Tuesday’s debut, the Chamber of Deputies will next debate…
3 Key Metrics Show Bitcoin Miners Are Under Mounting Pressure
The latest data suggests pressure is building gradually rather than triggering the widespread shutdowns seen during previous bear markets. Bitcoin miners are facing growing financial strain as falling prices and shrinking revenue push several key industry indicators into what…
US moves seized Alameda funds to Coinbase Prime
The US government has transferred nearly $984,000 in cryptocurrency linked to Alameda Research and FTX. The US transferred nearly $984K in seized FTX and Alameda-linked crypto. About $768K of the funds moved to Coinbase Prime, according to Arkham data. Arkham…
Coinbase, MassPay Link 180-Country Network to Enterprise USDC Payouts
Key Takeaways Coinbase and MassPay are linking USDC payouts to a 180-country enterprise network. Companies can fund in dollars, convert to USDC, and pay recipients globally. Marketplaces, creator platforms, and multinational firms may benefit from faster settlement options. Stablecoin Payouts…