Standard Chartered said it is the first major global bank to offer institutional access to spot Bitcoin and Ether trading in the UAE region. London-headquartered multinational bank Standard Chartered has launched spot Bitcoin and Ether trading for institutional clients in the United Arab Emirates (UAE), through its entity regulated by the Dubai International Financial Centre (DIFC). The move makes Standard Chartered the first global bank to offer institutional digital asset trading in the region and the first Global Systemically Important Bank (G-SIB) with a similar offering, the bank said in a Thursday announcement shared with Cointelegraph. Eligible institutional clients will be able to access spot Bitcoin (BTC) and Ether (ETH) trading through Standard Chartered’s electronic trading chan…
The third-wave Coldcard exploiter moved about 10% of stolen funds through THORChain as researchers traced the assets to a new Ethereum address. A hacker linked to the third wave of Coldcard wallet thefts has started swapping stolen Bitcoin for Ether through THORChain. Galaxy head of research Alex Thorn took to X on Wednesday to report that the third-wave exploiter moved about 10% of the stolen funds, with 90% remaining untouched. Thorn said it marked the first time funds from any of the three waves had moved onchain from the original hacker addresses. “The hacker appears to be having some issues swapping all the funds through THORChain — they keep getting refunded and he keeps retrying,” he said.
Kalshi reportedly plans to file for approval of a WTI crude oil perpetual futures contract that would trade around the clock five days a week without an expiration date. Prediction market operator Kalshi will reportedly seek regulatory approval for a West Texas Intermediate (WTI) crude oil perpetual futures contract that never expires. The contract could be filed with the Commodity Futures Trading Commission (CFTC) as soon as next week, a person familiar with the matter told Bloomberg. It would trade 24 hours a day, five days a week, according to Reuters. If approved, it would be the first oil-linked perpetual futures product to trade on a regulated US platform.
ASIC has recorded more than 45 digital asset-related license applications as its temporary enforcement relief approaches Sept. 30 expiration. Australian crypto companies relying on temporary regulatory relief have until Sept. 30 to apply for a financial services license or risk penalties, including fines reaching 10% of their annual turnover. On Wednesday, the Australian Securities and Investments Commission (ASIC) said businesses requiring an Australian Financial Services license must apply for one or seek changes to an existing license before the deadline. Firms requiring market or clearing and settlement licenses must also notify the regulator and hold a pre-application meeting. Starting Oct. 1, companies that require authorization but have not met the conditions of ASIC’s no-action p…
Ether ETFs posted $48 million in outflows after attracting $1.62 billion over 12 trading days, while XRP funds ended an 11-session inflow run. US-listed spot Ether and XRP exchange-traded fund (ETF) inflow streaks ended on Wednesday, marking a reversal after sustained demand. Spot Ether ETFs recorded $48 million in net outflows on Wednesday, ending 12 consecutive trading days of inflows, according to SoSoValue data. The funds had attracted $1.62 billion during the streak. BlackRock’s iShares Ethereum Trust ETF (ETHA) led Ether fund outflows with $53.4 million, while the Fidelity Ethereum Fund (FETH) lost $26.2 million and the Grayscale Ethereum Staking ETF (ETHE) shed $23.5 million, according to Farside Investors data. BlackRock’s staked Ether ETF (ETHB) partially offset those withdrawals…
Hyperscale Data’s Bitcoin holdings have fallen about 79% since late July to 215 BTC as it redirects capital toward its Michigan AI data center. Hyperscale Data has ended all Bitcoin mining operations at its Michigan facility as it prepares the site for an artificial intelligence data center customer. On Wednesday, the company said that all Bitcoin miners at the facility were switched off following an inspection by the unidentified California-based neocloud provider. Hyperscale said it intends to sell the associated mining equipment. Hyperscale said the AI customer has contracted for 20 megawatts (MW) of computing capacity under a 10-year master services agreement with two optional five-year extensions. The agreement may generate more than $1.2 billion over the maximum 20-year term. An ad…
Federal authorities and private-sector partners were part of an operation to disrupt malware that redirected about $150,000 in crypto over the last eight years. Federal law enforcement officials, working with cybersecurity technology company CrowdStrike, announced action against entities behind malware that enabled the theft of $150,000 in cryptocurrency. In a Tuesday notice, the US Justice Department said it had disrupted the Sality botnet and malware in an international effort with Bulgarian, Hungarian and Romanian officials, as well as private sector partners CrowdStrike and the Shadowserver Foundation. US officials said that Sality was responsible for installing malware on compromised devices since 2003, resulting in crypto theft and cyberattacks. CrowdStrike reported that in the prev…
Coinbase is offering eligible Canadian traders perpetual and dated futures with up to 10x leverage as major US trading platforms expand their crypto presence in Canada. Coinbase has launched crypto derivatives trading in Canada, giving eligible users access to perpetual and dated futures tied to Bitcoin (BTC), Ether (ETH), Solana (SOL) and other assets.
New Jersey’s Attorney General and gaming authorities filed a petition for a writ of certiorari to the US Supreme Court over Kalshi offering sporting event contracts to residents. New Jersey’s Attorney General and the state’s interim director for the Division of Gaming Enforcement have officially petitioned the US Supreme Court to hear a case aimed at resolving whether state authorities or federal agencies have jurisdiction over prediction market companies. On Wednesday, Attorney General Jennifer Davenport and gaming enforcement interim director Mary Jo Flaherty filed a petition for a writ of certiorari to the US Supreme Court over New Jersey’s enforcement against prediction market platform Kalshi over sporting event contracts. Officials cited civil cases brought by gaming authorities in “a…
Wyoming is using Chainlink to bring near-real-time reserve verification onchain for FRNT as the oracle provider expands its footprint across tokenized financial markets. The US state of Wyoming is adding near-real-time onchain reserve verification to its state-issued Frontier Stable Token through an expanded integration with blockchain oracle network Chainlink. The Wyoming Stable Token Commission said Wednesday it adopted Chainlink Proof of Reserve to publish verified data on FRNT’s reserves and token supply onchain. The system combines independent examinations by The Network Firm with Chainlink’s infrastructure to make the data available in near real time. Wyoming already publishes daily reserve attestations for FRNT, while the GENIUS Act requires monthly disclosures of reserve compositio…
Ondo says existing US securities laws can accommodate perpetual futures tied to individual stocks as regulators look to bring more derivatives activity onshore. Ondo Finance is urging US regulators to bring perpetual futures tied to individual stocks onshore, arguing that the products can already operate under the country’s existing security futures framework without new rules. In three Aug. 24 comment letters to the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), Ondo argued that existing rules can accommodate perpetual stock futures while also accounting for modern margining practices and onchain market data. Ondo said its Panama-based affiliate already offers stablecoin-settled perpetual futures on individual US-listed stocks outside the United…
One of Bitcoin’s onchain demand indicators turns negative again after a brief August rebound, as BTC price slipped below $77,000 amid a broader bond and equities sell-off. Bitcoin (BTC) sold off into the early European trading hours on Wednesday to hit local lows of $76,400, per data from CoinGecko. Key points: The move in BTC came after US spot Bitcoin exchange-traded funds (ETFs) recorded outflows of $236 million the day prior. Data from CryptoQuant now shows Bitcoin’s apparent demand turning negative once more after a brief reprieve during the August rally.
Officials in the G20, under the US’ presidency, recognized that digital assets could support “broad-based economic growth” and called for improvements in cross-border transactions. Member nations of the Group of 20 (G20) agreed on policies supportive of the potential of digital assets in “broad-based economic growth.” In a speech released by the US Treasury Department on Tuesday, the G20, currently chaired by the United States, said that all members had agreed with statements recognizing the “transformative role” of digital asset innovation. The body also called on countries to improve cross-border payments and facilitate the transmission of financial services-related data. “We commit to advancing responsible and effective regulatory and supervisory frameworks that preserve financial stab…
Full Sail is shutting down after an attacker removed about $91,000 from three vaults during a security incident linked to oracle provider Switchboard. Full Sail, a decentralized finance (DeFi) protocol on the Sui blockchain, plans to shut down after a security incident involving oracle provider Switchboard resulted in user losses. Full Sail took to X on Tuesday to announce that the protocol is winding down, immediately disabling new deposits and liquidity provider (LP) reward claims. Regular pools will move to withdrawal-only mode after final security checks, with compensating users the protocol’s top priority, Full Sail said. The decision follows a security incident last week that affected Full Sail’s automated vaults following a suspected compromise of Switchboard’s oracle infrastructure…
Arthur Hayes says Bitcoin is going to grind higher from here, but Ethereum is his number one pick due to its potential to increase “3x to 5x pretty quickly.” Bitcoin has all the factors in place to a seven-figure price over the next four years, according to BitMEX co-founder Arthur Hayes. But he’s buying ETH right now, because he believes it could easily do a “3x to 5x pretty quickly.” On the latest episode of Trade Secrets, Hayes says the collapse of the AI bubble, “massive” money printing, and potential US yield curve control are among some of the reasons why Bitcoin could go to $1 million by 2030
Hashkey joined the DTCC’s working group on tokenization innovation as the first Asian crypto service provider to join with over 100 financial institutions, including Goldman Sachs and JPMorgan. Hashkey joined the Depository Trust & Clearing Corporation’s (DTCC) Digital Assets Advisory Services Industry Working Group as its first Asian digital asset service provider. Hashkey joins over 100 other global financial institutions and asset managers to help define how tokenized assets are issued, settled and safeguarded at an institutional scale. Other participants include JPMorgan Chase, Goldman Sachs, Nasdaq and the New York Stock Exchange (NYSE), the company revealed in a Wednesday announcement. DTCC is a core post-trade infrastructure provider in traditional financial markets. Its working gr…
Remixpoint sold $5.5 million in ETH, SOL, XRP and DOGE, booking a $736,000 net gain as it narrowed its crypto strategy to focus on Bitcoin. Remixpoint, one of Japan’s largest corporate Bitcoin holders, sold all its altcoins, leaving about 1,506 BTC ($115 million) as its only cryptocurrency holding as it concentrates its crypto strategy around Bitcoin. Remixpoint sold its Ether (ETH), Solana (SOL), XRP (XRP) and Dogecoin (DOGE) holdings for a combined 878.8 million yen ($5.5 million), generating a 117.8 million yen ($736,000) gain, according to a Wednesday company disclosure. The company recorded gains on its ETH, SOL and XRP sales but sold its DOGE holdings at a 3.26 million yen ($20,000) loss. The company completed the sale on Tuesday and expects to book the gain in the second quarter of…
The plaintiffs didn’t dispute their involvement in the pig butchering scam, but claimed that Tether did not have the authority to freeze the $42 million at the time. Two Thai businessmen sued stablecoin issuer Tether in a New York district court, claiming it illegally froze $42.4 million in Tether USDt (USDT) in October, as part of a broader case tied to a pig butchering scheme. In a Monday court filing, the plaintiffs claimed that Tether illegally froze the $42 million without a warrant in October 2025, following an informal request from US Homeland Security Investigations. Authorities in the Eastern District of North Carolina only issued a seizure warrant for the funds later in February 2026, as part of a $61 million pig butchering case. The warrant directed the burn and reissuance of th…
Thailand adopted a crypto Travel Rule requiring digital asset operators to verify control of self-custodial wallets and retain transaction data for five years. Thailand is tightening oversight of crypto transfers, including transactions involving self-custodial wallets, as it moves to align with global Anti-Money Laundering (AML) standards. Thailand’s Securities and Exchange Commission (SEC) issued new Travel Rule regulations requiring digital asset operators to collect information about parties involved in crypto transfers, the regulator announced Wednesday. The rules will take effect on Feb. 27, 2027, giving crypto businesses nearly six months to develop systems for transmitting, receiving and monitoring transaction information.
Grayscale, a16z, and the CCI asked the SEC to preserve existing classification rules and avoid treating novel exchange-traded products as a single category, while proposing different routes to clearer and faster reviews. Crypto industry participants urged the US Securities and Exchange Commission (SEC) to avoid a blanket restriction on “novel” exchange-traded funds (ETFs) and instead evaluate products based on their individual risk parameters. Venture capital firm a16z asked the SEC to evaluate novel products according to their underlying characteristics, coordinate fund-registration and exchange-listing reviews and adopt more predictable timelines. Digital asset investment manager Grayscale and the Crypto Council for Innovation (CCI) supported optional confidential pre-filing processes. A…
