Crypto-focused asset manager Grayscale staked $150 million worth of Ether after introducing staking for its exchange-traded products (ETPs) on Monday. The asset management company staked 32,000 Ether (ETH) worth $150 million, according to blockchain data platform Lookonchain. The transfer occurred a day after Grayscale introduced staking for its Ether ETPs, making it the first US-based…
Opinion by: Avinash Lakshman, Founder and CEO of Weilliptic Today’s tech culture loves to solve the exciting part first — the clever model, the crowd-pleasing features — and treat accountability and ethics as future add-ons. But when an AI’s underlying architecture is opaque, no after‑the‑fact troubleshooting can illuminate and structurally improve how outputs are generated…
The fight for dominance among decentralized derivatives exchanges has taken a new turn after data aggregator DefiLlama delisted Aster, citing concerns over data integrity. Aster, a derivatives decentralized exchange (DEX) backed by YZi Labs (formerly Binance Labs), recently surged in trading volume to overtake Hyperliquid, which has been hailed as one of the crypto industry’s…
BNY, the largest custodian bank in the world, is exploring tokenized deposits to enable clients to transfer funds instantly, 24/7, while easing constraints of its legacy systems. Carl Slabicki, executive platform owner for Treasury Services at BNY, told Bloomberg that the project is part of an effort to upgrade real-time and cross-border payments, aiming to…
SharpLink Gaming’s Ether holdings surged in value as the cryptocurrency climbed nearly 4.5% in the past 24 hours, pushing the company’s unrealized gains close to $1 billion. On Tuesday, the company said its unrealized profit from its Ether (ETH) purchases has surpassed $900 million since it initiated its accumulation strategy on June 2. Strategic ETH…
Streamex Corp. saw its stock surge over 20% on Monday after announcing a pre-sale for its upcoming gold-backed stablecoin, GLDY. The digital asset, designed to generate an annualized yield of up to 4.0%, will open for qualified investors on or before Nov. 10. The GLDY token offers exposure to physical gold bullion with yield paid…
Dubai’s crypto regulator has fined 19 companies for operating without licenses, signaling a continued push to strengthen oversight and protect investors. On Tuesday, Dubai’s Virtual Assets Regulatory Authority (VARA) announced that it issued financial penalties and cease-and-desist orders against 19 companies found to be operating outside of its regulatory perimeter. VARA said the sanctions were…
Fasset received a provisional license from Malaysia’s Labuan Financial Services Authority (FSA) to launch what the company said is the first stablecoin-powered “Islamic digital bank.” The license allows Fasset, an all-in-one financial super app, to operate within a regulated sandbox focused on Shariah-compliant financial products, the company said in a Tuesday news release. “We can…
The European Union is reportedly considering sanctions against A7A5, a Russian ruble-backed stablecoin and the world’s largest non-US-dollar pegged stablecoin. The sanctions would prohibit EU-based organizations and individuals from engaging directly or indirectly through third parties with the token, according to a report from Bloomberg on Monday, citing documents related to the proposal. Several banks…
Switzerland’s gambling regulator is looking into whether “right-to-buy” tokens sold by global soccer organizing body FIFA ahead of the 2026 World Cup tournament comply with rules that govern gambling, Bloomberg reported. No wrongdoing has been alleged. Gespa is assessing whether the tokens, which can be bought, sold and traded on FIFA’s non-fungible token (NFT) marketplace,…