BancaStato Launches Bitcoin Trading With Sygnum

[Update 13:41 UTC, July 23: Updates with comments from BancaStato in the 13th paragraph.] Swiss bank BancaStato has launched regulated cryptocurrency trading using digital asset bank Sygnum and banking software provider Avaloq. BancaStato, the cantonal bank serving Switzerland’s Italian-speaking Ticino region, joined Sygnum’s business-to-business (B2B) banking platform to offer crypto asset services, according to a…

2 weeks left for Clarity: State of Crypto

The crypto industry, naturally, is urging passage. The common refrain online is that Clarity includes some investor protection rules and creates some structure for crypto products, while not passing the bill would mean there are no investor protections. If the bill is to pass the Senate before summer recess begins, the first thing to watch…

WEMIX says attacker moved about $724,000 after contract breach

WEMIX suspended bridges, liquidity-pool trading and several services after an attacker compromised a WEMIX$-linked contract and moved 724,198 USDC.e. Source link

CFTC Warns Prediction Markets Over Vague Self-Certification

For the second time this year, the US Commodity Futures Trading Commission (CFTC) issued a warning to prediction markets operators to follow the rules when creating contract certifications that operators consider cover a broad swath of events contracts. The CFTC, which claims to be the primary regulator of prediction markets, on Friday issued an advisory…

Bitcoin OG selling eases as dormant BTC movement hits 4-year low: Galaxy

Dormant BTC activity fell to its lowest level since Q3 2022, suggesting long-term holders have slowed distribution after heavy profit-taking. Source link

U.S. regulator warns prediction markets against cutting corners in event contracts

The U.S. Commodity Futures Trading Commission, which has claimed a role as the leading regulator of prediction markets firms run by companies such as Kalshi, Coinbase, Polymarket and Crypto.com, issued an advisory on Friday reminding the businesses that they shouldn’t cut corners with far-ranging contract certifications meant to encompass a wide array of events. The…

US Federal Officials Barred Until 2029 from Issuing or Sponsoring Tokens under CLARITY’s Proposed Ethics Rules

Senate Republicans have released the proposed text for the Digital Asset Market Clarity (CLARITY) Act, including language on ethics that would bar all US federal officials — including President Donald Trump — from issuing or sponsoring any digital asset. In the 616-page text of the CLARITY Act made public on Wednesday, US lawmakers included language…

Bitcoin ETFs approach $1B in 7-session inflow run

US spot Bitcoin ETFs recorded $69 million in inflows on Wednesday, extending their inflow streak to seven sessions and bringing total inflows during the period to nearly $1 billion Source link

South Korea’s largest bank to launch payment service on JPMorgan’s Kinexys

South Korea’s largest lender will use JPMorgan’s blockchain platform to support US dollar cross-border payments for import and export businesses across 10 countries. Source link

Thailand SEC Files Complaint Against Bitkub Over 2021 Hack Reporting

Thailand’s crypto industry is facing fresh regulatory scrutiny after authorities accused Bitkub, one of the country’s largest digital asset exchanges, of providing false information to regulators. Thailand’s Securities and Exchange Commission (SEC) filed a criminal complaint against Bitkub Online and two former directors over alleged false reporting connected to a 2021 cyberattack, the regulator announced…