Uphold reduces global headcount by 17% amid enterprise pivot

The cuts come as the crypto industry grapples with a prolonged downturn. After three consecutive quarters of declines, the total cryptocurrency market capitalization fell to around $2.1 trillion at the end of the second quarter, while trading volumes weakened and retail participation slowed amid higher interest rates, geopolitical uncertainty and persistent outflows from crypto exchange-traded…

Circle Acquires IBM’s Blockchain IP Portfolio

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BNY Mellon Unit Joins MiCA Register With 15 CASPs

European authorities added 15 crypto companies including a BNY Mellon unit to the Markets in Crypto-Assets (MiCA) framework register in the third update of regulated providers since the July 1 transitional deadline. With the European Securities and Markets Authority’s (ESMA) update on Friday, its interim MiCA register shows 309 licensed crypto-asset service providers (CASPs). The…

Bitcoin ETFs extend inflow streak to 6 days with $203M added

US spot Bitcoin ETFs extended their inflow streak to six sessions, bringing in about $930 million while remaining down $4.84 billion on a net basis year to date. Source link

BitMart Faces Withdrawal Complaints Following Wind-Down Announcement

Withdrawals from crypto exchange BitMart appeared to slow after it announced plans to wind down its operations.  On Monday, blockchain analytics account Lookonchain reported that only 58 wallets withdrew about $805,000 in over 24 hours. It added that the exchange had not processed any withdrawals during the latest eight-hour period it tracked.  X users also…

Live updates: Ether leads crypto higher. China’s gold imports surge

Bitcoin is likely to stay range-bound, said Jeff Ko, chief analyst at CoinEx, and he points to three reasons the backdrop has calmed. Oil has retreated from last week’s highs after another pause in U.S.-Iran hostilities. The 10-year Treasury yield, approaching 4.7%, is doing part of the Fed’s tightening work on its own. And the…

SEC’s Peirce Warns Onchain Lending May Trigger Securities Laws

SEC Commissioner Hester Peirce said crypto vaults and onchain lending products may fall under US securities laws, urging developers to assess whether products that actively manage user assets require regulatory compliance. In a statement published Wednesday, Peirce said crypto vaults and lending strategies that involve discretionary decisions, including allocating assets, selecting yield-generating activities, setting lending…

Clarity Hopes Fade, BitMEX Shuts as Lawsuit Looms: Hodler’s Digest, July 26

CLARITY may get a vote, but don’t get your hopes up yet Despite wealthy memecoin entrepreneur President Donald Trump agreeing to an ethics deal, the Clarity Act (CLARITY) is floundering as the August recess deadline looms. Senate Majority Leader John Thune said he doesn’t believe the act has the votes to pass just yet, but…

Triple-A confirms treasury-wallet breach after losses reach $11.8M

The stablecoin payments company said client funds were unaffected and that the financial impact would be absorbed through its treasury reserves. Source link

Russia’s Biggest Bank Plans Crypto Trading Infrastructure By Year End

Sberbank, Russia’s biggest bank, plans to build cryptocurrency trading infrastructure including a digital depository no later than Dec. 1 as the country brings crypto trading, custody and settlement into its regulated financial system. That digital depository, Interfax reported, will record ownership of cryptocurrency and process most transactions outside of the main blockchain. Sberbank will operate…