Glassnode confirmed that its aggregate BTC price cycle tool was in its coldest phase since the collapse of FTX in late 2022. Bitcoin is seeing its longest capitulation since the end of the 2022 bear market, onchain analytics platform Glassnode reported on Monday. Key points: Glassnode’s Bitcoin Cycle Position Heatmap, a composite BTC price metric overview tool, has signaled capitulation throughout 2026. Read more
JPMorgan’s Kinexys platform will tokenize select BlackRock money market fund shares denominated in pounds, euros and US dollars. BlackRock will offer tokenized versions of select European money market funds using JPMorgan’s blockchain infrastructure. According to a Tuesday Bloomberg report, the offering will include pound sterling, euro and US dollar share classes from BlackRock’s Institutional Cash Series, which collectively manage about $311 billion. The figure refers to the broader fund range, not the assets that will be tokenized. Each token will represent a share in an underlying money market fund and can be transferred around the clock between approved digital wallets. Read more
The a16z-backed studio will open-source Pirate Nation assets, while an independent foundation continues supporting the PIRATE token. Blockchain game developer Proof of Play will cease operations after failing to build a sustainable business around its decentralized gaming thesis. The a16z-backed studio said Tuesday it could not develop a product that proved blockchain-based games could help usher in a decentralized internet at scale. It will open-source much of its code and artwork, including the Pirate Nation game, smart contracts and internal software-development tools. Proof of Play said the independent Pirate Nation Foundation will continue supporting the PIRATE token and keep its website operational. However, Proof of Play points will not be redeemable for anything. Read more
Forgd’s ratings draw on data from more than 500 token projects and 35 market-making firms, but do not solely reflect trading performance. Crypto analytics platform DefiLlama has integrated Forgd’s market-maker leaderboard, giving users access to data on spreads, market depth, trading volume and uptime. In an announcement sent to Cointelegraph, Forgd said that the dashboard ranks crypto market makers using standardized measures of pricing, depth, reliability and execution quality. The data comes from more than 500 token projects and 35 market-making firms that use Forgd’s tools to monitor liquidity across active engagements, according to the company. The integration allows DefiLlama users to compare market makers across exchanges and assess the liquidity supporting individual tokens. Forgd first launched the leaderboard in May as a tool for token projects selecting and monitoring liquidity providers. Read more
The completed tie-up combines Boerse Stuttgart Digital’s custody business with Tradias’ trading operations under a joint management team. Boerse Stuttgart Digital and institutional crypto trading firm Tradias have completed their merger after clearing the required ownership control procedure, creating a combined digital asset infrastructure unit with about 300 employees. The transaction was first announced in February, when the companies agreed to combine their regulated crypto businesses and expand their services for banks, brokers and other financial institutions across Europe. The merged business will operate under the Boerse Stuttgart Digital name, while Tradias will remain the brand for trading services, according to a Wednesday announcement. Read more
ESMA’s latest MiCA update brings the number of authorized CASPs to 321 and adds three entities to its non-compliant register. The European Securities and Markets Authority (ESMA) added 12 companies to its Markets in Crypto-Assets (MiCA) register in its fourth update since the July 1 transitional deadline. Published on July 31, the update brings the total number of authorized crypto-asset service providers (CASPs) listed under MiCA to 321. The latest additions include three German cooperative banks: Volksbank Raiffeisenbank Oberbayern Südost, VR Bank Schleswig-Holstein Mitte and VR-Bank Landau-Mengkofen. The list also includes two companies in Spain — Basque Pay and Fintech Payments — and four in France — Finary, Woorton, Blockchain Process Security and Shares Financial Assets. Read more
Taiwan’s regulator plans to apply the Travel Rule to domestic VASP transfers from October before extending it to overseas platforms by the end of 2027. Taiwan’s financial regulator plans to require crypto platforms to transmit customer information on all domestic platform-to-platform transfers starting in October. On Tuesday, the Financial Supervisory Commission said its proposed amendments would apply the Financial Action Task Force’s (FATF) Travel Rule regardless of value. Transfers exceeding 30,000 New Taiwan dollars (about $930) would trigger additional data requirements, including an individual sender’s date of birth and residential address, or a corporate sender’s official identification number and registered address. Receiving VASPs would also be required to compare beneficiary information supplied by the originating platform with their own records. Read more
The defendants allegedly traveled from Missouri to Connecticut to kidnap a Bitcoin holder and force him to transfer cryptocurrency before abandoning the plan. Three Missouri men were charged over an alleged August 2024 plot to kidnap a Bitcoin holder and steal his holdings. Sedric Louis, John Davis and Martel Williams were allegedly hired to kidnap and force a Bitcoin holder to transfer cryptocurrency to accounts controlled by organizers, according to a Tuesday press release by the US Attorney’s Office. They traveled from St. Louis to Connecticut, where they rented vehicles and obtained air rifles to stake out the victim. After staking out the intended target for two days, they abandoned the plan for fear of being caught on home security cameras. Shortly afterward, another crew from Florida arrived to carry out the plan. Read more