South Korea’s Jeonbuk Bank has entered a partnership with Ripple to implement the latter’s cross-border payment solution for business customers, including import-export firms, technology startups,
Category: Markets
Western Union launches Stablecard with Rain, enabling USD-backed stablecoin spending
Western Union has partnered with Rain to launch Stablecard, a digital wallet and Visa-branded card allowing users to hold and spend USDPT, a US dollar-backed
Galaxy Digital Reports $85 Million Net Loss in Q2 2026 Amid Crypto Market Decline
The cryptocurrency and AI infrastructure firm Galaxy Digital posted an $85 million net loss for the second quarter of 2026, driven by a broader decline
FalconX Lays Off 10% of Workforce Amid Crypto Market Downturn
The digital asset prime brokerage FalconX has cut 10% of its global workforce and is overhauling its Singapore strategy, including reportedly withdrawing its license application
Hyperliquid Policy Center Advocates for New Classification of Perpetual Contracts
The Hyperliquid Policy Center has called on U.S. regulators to reclassify perpetual contracts using their economic structure rather than the assets they reference, arguing current
Crypto Advocacy Groups Sue Illinois Over Digital Asset Tax
The Crypto Council for Innovation (CCI) and Blockchain Association (BA) have filed a lawsuit against Illinois officials, challenging a new 0.2% tax on cryptocurrency transactions
Bitcoin Treasury Company Strategy Sells $2 Billion in MSTR Shares, Uses Proceeds for Liquidity and Buybacks
A bitcoin treasury company, Strategy, has sold approximately $2 billion in MSTR shares between August 17 and 23, according to an 8-K filing submitted to
Coldcard Wallet Users Lose $90 Million in Bitcoin After Security Breach
A security breach at Coldcard has resulted in the theft of $90 million in Bitcoin, with users urged to move funds to centralized exchanges. Galaxy
US Spot Bitcoin ETF Inflows Surge to $2 Billion Amid Price Rally
A record $1.92 billion flowed into US spot Bitcoin exchange-traded funds (ETFs) during the week ending Friday, marking the strongest weekly performance for such products
Smaller Bitcoin Transfers Reach Pre-FTX Levels Amid Suspected Coldcard Hack
Bitcoin transfers of less than 1 BTC have surged to their highest daily level since November 2022, according to data from CryptoQuant, as concerns over
