The company said the funds will support acquisitions, licensing efforts and expanded hiring as it enters new markets. Stablecoin payments company RedotPay has raised $107 million in a Series B round, bringing its total funding in 2025 to $194 million. The round was led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital and Circle Ventures, alongside continued backing from existing investors, including HSG. Founded in Hong Kong, RedotPay offers stablecoin-based payment products, including a card that enables users to spend digital assets, stablecoin-powered payout rails for cross-border transfers, and services that allow users to access and hold stablecoins through multicurrency accounts and a peer-to-peer marketplace. Read more
With the US Senate set to break for the holidays, Senator Elizabeth Warren asked Justice and Treasury Department officials to disclose any potential investigations into the DeFi platform. US Senator Elizabeth Warren, one of the more outspoken voices against digital assets in Congress, is calling for answers from Justice Department and Treasury Department officials about a potential investigation into decentralized crypto exchanges, citing concerns over PancakeSwap and Uniswap. In a Monday letter to Treasury Secretary Scott Bessent and US Attorney General Pam Bondi, Warren asked whether their respective departments were “investigating significant national security risks posed by decentralized cryptocurrency exchanges like PancakeSwap.” The Massachusetts senator raised concerns about “improper political influence” from the Trump administration over the selective enforcement of crypto companies and reports of money laundering tied to North Korea, asking for a response by Jan. 12. Read more
The company has 180 days to regain compliance with Nasdaq’s minimum bid price requirement after its shares traded below $1 for 30 consecutive business days. Bitcoin treasury company Kindly MD has received a Nasdaq notice after its shares traded below the exchange’s $1 minimum bid price for 30 consecutive business days, starting a six-month window to regain compliance or risk being delisted. The notice, which was issued Wednesday, does not immediately affect trading, but gives the company until June 8, 2026, to lift its share price above $1 for at least 10 consecutive trading days, according to a regulatory filing from the Securities and Exchange Commission (SEC). If the company fails to regain compliance within the initial 180-day period, it may seek an additional extension by transferring its listing to the Nasdaq Capital Market, subject to meeting other listing requirements, the according to the filing. Nasdaq could ultimately delist the shares if the company fails to satisfy the bid price rule or pursue av...
XRP fails to find demand under $2 as futures volume on Binance fell by 96% and traders’ use of leverage hits new lows. Is $1 XRP the next stop? XRP (XRP) is facing renewed downside pressure as derivatives activity and onchain positioning continue to weaken across December. These signals point to a market still in risk-off mode, even as price hovers near a key technical support around $2.00. Key takeaways: XRP futures taker buy volume on Binance has decreased by 95.7% since July, indicating a decline in demand. Read more
According to a letter posted by the protocol’s founder and CEO, the US agency does “not intend to recommend an enforcement action” against Aave. Stani Kulechov, founder and CEO of Aave, said the US Securities and Exchange Commission ended a four-year investigation into the decentralized finance platform. In a Tuesday X post, Kulechov provided an Aug. 12 letter from the SEC saying that the agency did “not intend to recommend an enforcement action” against Aave. The text of the letter suggested that the protocol had faced a potential enforcement action by the SEC in a probe initiated about four years ago. “We’re glad to put this behind us as we enter a new era where developers can truly build the future of finance,” said Kulechov. Read more