US-based crypto exchange Kraken agreed to acquire Backed Finance AG, the company behind the issuance of xStocks, adding to a string of acquisitions the exchange has made this year while bringing the tokenized-equities platform under its roof. According to Tuesday’s announcement, Kraken plans to integrate xStocks’ issuance, trading and settlement more tightly into its products, … Read more
Binance appointed co-founder Yi He as co-CEO, elevating one of its earliest architects to a formal leadership role alongside chief executive Richard Teng. In a Wednesday announcement on stage at Binance Blockchain Week, Binance CEO Richard Teng said co-founder Yi He had been appointed co-CEO. Teng said He “has been an integral part of the … Read more
A group of 10 banks plans to introduce a euro-pegged stablecoin in 2026 under an entity authorized by the Dutch Central Bank. In a Tuesday notice, BNP Paribas said it would join nine other EU-based banks in an effort to launch a euro-backed stablecoin “in the second half of 2026.” The Amsterdam-based entity formed by … Read more
Digital asset treasuries (DATs) are leading a crypto stock recovery as markets rebound following a significant leverage flush at the start of the month. Ether DATs recovered strongly on Tuesday, including Nasdaq-listed EthZilla (ETHZ), which gained 12.35% on the day to $10.80 in after-hours trading, according to Google Finance. The world’s largest Ether (ETH) treasury, … Read more
Former crypto sceptic BlackRock CEO Larry Fink and chief operating officer Rob Goldstein say tokenization will act as a bridge between the crypto industry and traditional finance, doubling down on their support of the sector. In an opinion article penned by Fink and Goldstein and published Monday in The Economist, the pair said that tokenization … Read more
The UK has passed a bill into law that treats digital assets, such as cryptocurrencies and stablecoins, as property, which advocates say will better protect crypto users. Lord Speaker John McFall announced in the House of Lords on Tuesday that the Property (Digital Assets etc) Bill was given royal assent, meaning King Charles agreed to … Read more
American entrepreneur and investor Kevin O’Leary has pushed back against speculation that the US Federal Reserve will cut interest rates in December — a move that typically signals a favorable outlook for crypto. However, O’Leary doesn’t anticipate a Fed rate hold negatively impacting Bitcoin’s (BTC) price. “I don’t actually think the Fed’s gonna cut in … Read more
Bitcoin is seeing renewed optimism of a recovery, as crypto market analysts are eyeing six figures for the cryptocurrency as it gained above $92,000 after a fall to $84,500. “This is what you’d want to see. [Bitcoin] coming back up again, after a weird move down on the 1st of this month,” MN Fund founder … Read more
The Australian Bitcoin Industry Body (ABIB), a crypto industry group, says it has filed a formal complaint against the Australian Broadcasting Corporation, to correct a recent article contained several misrepresentations and factual errors about Bitcoin. In its complaint, ABIB claimed that the article painted Bitcoin (BTC) as volatile, a tool for criminals, and ignored the … Read more
Prediction market odds on Kevin Hasset becoming the next chair of the US Federal Reserve spiked after US President Donald Trump appeared to hint at who he has in mind during a White House event. Speaking at the White House on Tuesday, Trump introduced guests, welcoming Hassett as a “potential Fed chair.” “It’s a great … Read more