KuCoin has appointed former London Stock Exchange Group (LSEG) executive Sabina Liu to lead its European business, tasking her with steering the exchange’s Markets in Crypto Assets Regulation (MiCA) expansion from Vienna after securing a crypto asset service provider license in Austria. Liu, who will serve as managing director of KuCoin EU, previously ran KuCoin’s … Read more
An executive at Meta has denied accusations that it can access WhatsApp chats after plaintiffs filed a lawsuit against Meta on Friday, maintaining that the messaging app’s end-to-end encryption feature keeps messages secure as promised. In an X post on Monday, Meta communications director Andy Stone said: “Any claim that people’s WhatsApp messages are not … Read more
South Korea’s central bank chief warned that Korean won-denominated stablecoins could complicate capital flow management, adding a note of caution to an ongoing debate among lawmakers over whether and how domestic stablecoins should be issued, according to local reports. Speaking at the Asian Financial Forum in Hong Kong, Bank of Korea Governor Lee Chang-yong said … Read more
Layer-1 blockchain network Hyperliquid has seen an explosion in trading through “Builder-Deployed Perpetuals” this month, hitting a new all-time high in open interest on Monday. In a post on X, Hyperliquid attributed the rapid adoption of HIP-3 — a permissionless market creation framework — to a surge in commodities trading. “HIP-3 open interest reached an … Read more
Australia’s financial watchdog secured a court victory against financial services company BPS Financial Pty Ltd (BPS), with the Federal Court ordering the company to pay 14 million Australian dollars ($9.3 million) in penalties over the promotion and operation of its Qoin Wallet product. The ruling follows years of legal action brought by the Australian Securities … Read more
More than half of the top US banks have either started offering or announced plans to offer Bitcoin-related services such as trading or custody, says Bitcoin financial services firm River. In an X post on Monday, River shared a list of the top 25 institutions operating in the US, saying, “60% of the top US … Read more
Republican Senator Roger Marshall has reportedly agreed to hold back on pushing an amendment aimed at credit card swipe fees when the Senate Agriculture Committee marks up a major crypto bill next week. Marshall filed an amendment to the committee’s version of a crypto market structure bill last week that would force companies to compete … Read more
Cybersecurity researchers have raised red flags about a new artificial intelligence personal assistant called Clawdbot, warning it could inadvertently expose personal data and API keys to the public. On Tuesday, Blockchain security firm SlowMist said a Clawdbot “gateway exposure” has been identified, putting “hundreds of API keys and private chat logs at risk.” “Multiple unauthenticated … Read more
Digital asset management firm Bitwise has teamed up with decentralized finance (DeFi) lending protocol Morpho to launch non-custodial on-chain vaults aimed at generating yield. The move was announced on X on Monday, with Bitwise noting that its first vault will target an annual percentage yield of 6% by investing in overcollateralized lending pools. “Finance is … Read more
Polymarket has inked a multi-year deal with Major League Soccer, the top-level soccer league in the US, to be the exclusive prediction market partner for the league and its main tournament, the Leagues Cup. The MLS and Polymarket said on Monday that they will work together to create “new fan experiences” such as second-screen engagement, … Read more