Eight crypto exchanges, custodians and wallets have joined a group formed to accelerate the adoption of tokenized assets. Decentralized finance platform Ondo Finance has announced the formation of the Global Markets Alliance — an industry partnership with eight cryptocurrency wallets, custodians and exchanges — aimed at accelerating the adoption of onchain financial assets. Announced Tuesday, the alliance includes the Solana Foundation, Bitget Wallet, Jupiter Exchange, Trust Wallet, Rainbow, BitGo, Fireblocks, 1inch and Alpaca. Ondo’s announcement suggested that more companies could soon join the alliance. Read more
Bitcoin order book liquidity spoofing is back as analysis says that a key BTC price event is still "brewing." Can bulls protect $104,000? Key points: BTC price weakness accelerates after the Wall Street open as analysis warns of a “rug pull” at $104,000. Bitcoin bulls have done their best to avoid panic reactions to downside volatility triggers. Read more
Michael Saylor turned a software company into a Bitcoin powerhouse by converting corporate reserves into digital gold. Saylor’s thinking was driven by a deep concern about the future of fiat currency. When Michael Saylor, then CEO of Strategy, announced in August 2020 that his business intelligence firm was adopting Bitcoin (BTC) as its primary treasury reserve asset, many saw it as a radical (even reckless) decision. Read more
As the EU’s MiCA regulation and the UK’s evolving crypto laws diverge, fund managers face a key choice: to opt for the EU’s legal certainty and passporting or the UK’s flexible, innovation-driven approach. Opinion by: Julie Bourgeois, Head of Legal and Compliance, 6 Monks Digital asset regulations are rapidly evolving to ensure the transparency and safety of all market participants. This is no more evident than in Europe, where two different regulatory models have emerged. On one side is the European Union’s Markets in Crypto-Assets (MiCA), which offers precise regulation for all 27 member countries. On the other side is the UK which, after Brexit, still has no common regulation such as MiCA. Read more
BitMEX co-founder and Bitcoin billionaire Arthur Hayes loves making daring Bitcoin predictions, but doesn’t sweat when he gets them wrong. BitMEX co-founder and Bitcoin billionaire Arthur Hayes is known for making big, bold and sometimes controversial Bitcoin price predictions, and says it doesnt faze him when he gets it wrong. Nothing really happens, Hayes tells Magazine, who asked if he worries about backlash when his Bitcoin predictions fall flat. The youngest African-American crypto billionaire in history is the first to admit that most of his price calls dont land. I get it wrong, and Ive gotten most of them wrong, he laughs. Read more
Ubyx, a startup aiming to standardize stablecoin redemption at face value, raised $10 million in seed funding led by Galaxy Ventures to launch in Q4 2025. Ubyx, a new stablecoin clearing platform that aims to jumpstart stablecoin adoption by enabling redemption at face value, has closed a $10 million seed funding round backed by several major crypto investors. The funding round was led by Galaxy Ventures, with participation from Coinbase Ventures, Founders Fund, VanEck, Paxos and others, according to a Tuesday announcement. The startup plans to launch its platform in the fourth quarter of 2025. The service will allow regulated banks and fintechs to redeem stablecoins directly for fiat at par value, aiming to reduce friction in stablecoin usage and encourage broader adoption. Read more
Flare Network’s bridging technology and FAssets are bringing institutional and retail XRP holders into DeFi, tapping a massive pool of idle liquidity. Despite its massive popularity, XRP has remained largely absent from decentralized finance (DeFi) because of the technical limitations of the XRP Ledger (XRPL). XRPFi, a DeFi ecosystem centered on XRP (XRP), aims to narrow that gap. It leverages Flare Network’s bridging and smart contract technology to bring XRP into the realm of programmable finance. Flare Network, a full-stack layer-1 blockchain designed for data-intensive applications, serves as a crucial bridge connecting non-smart-contract assets like XRP to the DeFi ecosystem. Read more
Over 28% of the total Ether supply is now staked, signaling that many investors are gearing up to hold their assets for the long term. The supply of staked Ether reached an all-time high this week, signaling growing investor confidence and a squeeze on the liquid supply of the world’s second-largest cryptocurrency. Over 35 million Ether (ETH) coins are now staked under the Ethereum blockchain’s proof-of-stake consensus model, according to data from Dune Analytics. Over 28.3% of the total Ether supply is now locked into smart contracts and is unsellable for a pre-determined time in exchange for generating passive income for investors. Read more
James Wynn’s $100-million Bitcoin liquidation shocked the crypto world. The way he used leverage is astounding, though his later losses also exposed associated market risks. In the volatile arena of cryptocurrency trading, the saga of James Wynn, a trader on the decentralized exchange (DEX) Hyperliquid, illustrates both the excitement and risks associated with it. In late May 2025, Wynn suffered nearly $100 million in liquidations after Bitcoin (BTC) dropped below $105,000. His bold leveraged bets collapsed swiftly, erasing a vast fortune. Bitcoin’s extreme volatility, oscillating between soaring peaks and steep declines, underscores the promise and risk of high leverage. Read more