Visa, BlackRock and Coinbase have joined more than 140 companies backing Open Standard, a new stablecoin initiative that plans to launch a U.S. dollar-pegged token called Open USD later this year. The project is designed to make stablecoins easier for large businesses to use at scale by reducing issuance costs, improving accessibility and aligning economics
U.S. spot crypto exchange-traded funds recorded approximately $252.7 million in combined net outflows on Tuesday, June 30, extending a late-month redemption streak that has weighed on institutional sentiment toward digital assets. Spot Bitcoin ETFs lost $222.6 million on the day, with outflows concentrated in the two largest funds. BlackRock’s IBIT recorded $212.4 million in redemptions,
Key Facts Bybit launched its Bank Triparty service on 1 July 2026, a regulated custody solution letting institutions borrow against collateral held by independent banking partners. Eligible institutions deposit USD or US Treasury Bills with Bybit’s designated banking partners, then receive USDT loans directly into their Bybit Unified Trading Account. Collateral remains in third-party bank
Why Is South Korea Escalating Crypto Market Abuse Cases? South Korea’s Financial Services Commission has referred suspects in two separate crypto market manipulation cases to prosecutors, marking another step in the country’s effort to police unfair trading in digital asset markets. The financial watchdog said Wednesday that it approved the referrals after discussions at its
Why Did Crypto Hack Losses Decline in June? Crypto hacks and exploits totaled about $75.9 million across 40 major incidents in June, down 7.1% from $81.7 million in May, according to blockchain security firm PeckShield. The monthly decline offers only limited relief. Losses remained spread across bridges, private-key compromises, bots, deprecated infrastructure, and user-facing platforms.
New TradeFi category launches with 45+ perpetual pairs linked to price movements across commodities, equities, and ETFs within crypto interface WhiteBIT, the largest European cryptocurrency exchange by traffic, has announced the launch of TradeFi — a new market category designed to give users the opportunity to trade traditional financial instruments just like crypto. The new
About 84% of altcoins listed on Binance are now trading below their 200-day moving averages, according to CryptoQuant data, highlighting one of the broadest altcoin drawdowns of the current market cycle. The data, shared by CryptoQuant analyst Darkfost, shows that most Binance-listed tokens remain in sustained technical downtrends. The 200-day moving average is a widely
The European Union has issued 244 crypto licenses under the Markets in Crypto-Assets Regulation, with Germany and France leading the rollout as the bloc’s landmark regulatory framework moves from transition to enforcement. Data compiled from the European Securities and Markets Authority’s interim MiCA register shows Germany has authorized 57 crypto-asset service providers, representing about 23%
Bitcoin lending is rebounding as banks, asset managers and institutional credit providers move into a market that was nearly discredited by the 2022 crypto lending collapse. The recovery is being driven by a more conservative model than the one that dominated the last cycle. Instead of offering high loan-to-value ratios, opaque rehypothecation and unsecured yield
JPMorgan has called for a strong U.S. digital asset framework, warning that crypto markets are moving closer to the core of the financial system and must be governed by rules that protect consumers, markets and financial stability. In a policy note, JPMorgan executives Umar Farooq and Peter Muriungi said the United States faces a choice