Ripple APAC managing director Fiona Murray said there was sufficient institutional interest in Australia to warrant the costs of acquiring an Australian Financial Services License. Crypto company Ripple said it is set to secure a key financial services license in Australia through the acquisition of an Australian payments firm, adding to an international license grab over the last year. In a statement on Tuesday, Ripple said it will buy BC Payments Australia, a corporate entity tied to the European Banking Circle Group, allowing it access to the company’s Australian Financial Services License (AFSL), which is set to become a requirement for certain crypto companies to provide financial services in the country. The acquisition of BC Payments Australia is set to close on April 1, according to a report from The Australian, citing comments from Ripple APAC managing director Fiona Murray. Read more
The prediction markets platform argued for an injunction against Ohio authorities, claiming that federal commodities laws superseded state laws on sport event contracts. An Ohio federal court has denied a motion filed by prediction markets platform Kalshi for a preliminary injunction against Ohio state authorities over allegations that the company was operating in violation of gambling laws. In an order filed Monday, US District Court for the Southern District of Ohio Chief Judge Sarah Morrison denied Kalshi’s request for an injunction that would have blocked the Ohio Casino Control Commission and state attorney general from regulating contracts on the platform, specifically for sports betting. According to the judge, Kalshi had failed to show that the sports event contracts available on the platform were subject to the “exclusive jurisdiction” of the Commodity Futures Trading Commission (CFTC). Read more
Bearish Ether derivatives data and slowing network use weigh on ETH price, even as developers plan for faster transactions and more flexible wallet fees. Key takeaways: Ether price struggled as investors pulled $225 million from the spot ETFs, and Ethereum staking rewards underperformed compared to stablecoin yields. Recent Ethereum network upgrades and plans for improved wallet security are positives, but fail to kickstart demand for Ether. Read more
Shares of the stablecoin issuer have seemingly decoupled from the broader crypto market, gaining 49% this year and doubling since early February. Circle Internet Financial is among Wall Street’s best-performing stocks so far in 2026, and analysts at Bernstein believe the rally could continue as stablecoin adoption accelerates. In a recent note to clients, Bernstein reiterated its “Outperform” rating on CRCL stock and set a $190 price target, which typically reflects analysts’ expectations for a stock over the next 12 months. Despite a volatile end to 2025, Circle shares appear to have decoupled from the broader cryptocurrency market, which has been under pressure since October following a major leveraged liquidation event. Read more
The collaboration will provide custody and trading infrastructure as StableX builds a $100 million digital asset treasury focused on stablecoins. BitGo will provide custody and trading services for StableX Technologies’ digital asset treasury as it plans to acquire up to $100 million in crypto tokens tied to the stablecoin sector. According to Tuesday’s announcement, BitGo Bank & Trust, N.A. will serve as the custodian for StableX’s digital asset holdings, while BitGo’s trading platforms will help execute the company’s planned acquisitions through its over-the-counter liquidity desk. StableX (SBLX) is a publicly traded company focused on stablecoin infrastructure and related technologies. Shares of the Nasdaq-listed company gained as much as 9% in afternoon trading following the news, before closing up 1.6%. Read more
Paul Atkins said that he had stopped ”duplicative enforcement actions” between the SEC and CFTC, stressing the need for a coordinated approach. Paul Atkins, chair of the US Securities and Exchange Commission (SEC), said that an agreement with the Commodity Futures Trading Commission (CFTC) would lead to a new level of “coordination and collaboration,” including on enforcement. In a Tuesday speech for the FIA Global Cleared Markets Conference in Florida, Atkins said that the SEC and CFTC were considering an updated memorandum of understanding on coordination between the two federal regulators. The SEC chair did not explicitly mention oversight of digital assets, but said “the regrettable era of duplicative enforcement actions and conflicting remedial obligations for the same conduct is over.” “Conduct in a single operating environment means that the SEC and CFTC, within the bounds of their independent statutory authority and regulatory interests, should coordinate legal theories and remedial strategies,” said ...