BitGo has expanded its institutional custody platform to support YLDS, the SEC-registered yield-bearing digital security issued by Figure Certificate Company, giving institutional investors access to regulated custody for one of the first blockchain-native fixed-income products registered with the U.S. Securities and Exchange Commission. The digital asset infrastructure provider said YLDS can now be held through
What Was Carl Erik Rinsch Sentenced For? Hollywood director Carl Erik Rinsch was sentenced to 30 months in prison after being convicted of stealing $11 million from a streaming company that had funded his unfinished science-fiction series. Rinsch, best known for directing “47 Ronin,” told the company he needed the additional money to complete production
Why Did Empery Sell Part of Its Bitcoin Treasury? Empery Digital sold 1,400 bitcoins for about $87.1 million over the past 2 months, using part of the proceeds to shift capital toward AI infrastructure, debt repayment, and legal expenses. The Nasdaq-listed company said it sold the bitcoins at an average price of $62,200 since May
Why Is Hyundai Testing Stablecoins for Internal Payments? Hyundai has moved a stablecoin-based internal remittance system into production readiness on the Avalanche blockchain, marking one of the clearest enterprise uses of stablecoins for cross-border treasury management by a major industrial company. The system is designed for internal transfers between Hyundai entities rather than customer payments
Coinbase CEO Brian Armstrong has responded to criticism over betting-style promotions inside the Coinbase app, defending adult users’ right to make their own financial decisions while acknowledging that high-risk products should not be aggressively promoted to inexperienced or vulnerable customers. The exchange came under scrutiny after Zcash founder Zooko Wilcox criticized Coinbase for allegedly pushing
Binance founder Changpeng “CZ” Zhao has overtaken Microsoft co-founder Bill Gates in Forbes’ billionaire ranking, underscoring how crypto exchange ownership has created one of the world’s largest private fortunes despite regulatory setbacks and market volatility. Forbes estimated Zhao’s net worth at about $110 billion in its 2026 billionaires list, up roughly $47 billion from the
U.S. spot crypto exchange-traded funds recorded approximately $455.3 million in combined net outflows on Friday, June 26, as Bitcoin ETF redemptions remained the dominant driver of institutional selling pressure. Spot Bitcoin ETFs lost $444.5 million on the day, extending a sharp run of withdrawals from regulated Bitcoin investment products. The entire outflow came from BlackRock’s
Strobe Finance, one of the first decentralized lending protocols built on the XRP Ledger EVM Sidechain, is shutting down after failing to secure additional funding and suffering declining protocol revenue as activity across the XRP DeFi ecosystem weakened. The protocol announced that it will permanently wind down operations over the coming weeks, urging users to
Sophon is shutting down its zero-knowledge Layer 2 blockchain and abandoning the traditional gas token model, marking one of the most significant strategic pivots in the Ethereum scaling ecosystem as the project shifts entirely toward consumer applications built on Coinbase’s Base network. The move comes alongside a complete redesign of the SOPH token economy. Rather
Singapore’s financial regulator has added decentralized trading platform Hyperliquid to its Investor Alert List, just days after including crypto exchange Bybit, highlighting the city-state’s increasingly aggressive stance toward digital asset platforms that are not licensed to provide regulated services locally. The Monetary Authority of Singapore (MAS) added Hyperliquid to the list on June 26, following