Author: John Smith

Dunamu, the operator of South Korean cryptocurrency exchange Upbit, has been selected as the preferred bidder for the Korean National Police Agency’s one-year seized digital asset custody contract. Summary Dunamu has been selected as the preferred bidder to manage digital assets seized by South Korea’s National Police Agency under a one year custody contract. Procurement results placed Dunamu ahead of K DAC and Hecto Wallet One after it received the highest combined technical and price evaluation score. Some industry participants questioned whether the tender requirements gave large exchange operators an advantage, while police said the operator was selected through a…

Kenya has moved to procure a blockchain surveillance platform capable of tracking transactions across more than 20 blockchain networks as the country prepares to supervise licensed crypto businesses under its new virtual assets law. Summary Kenya plans to deploy blockchain surveillance software as it prepares to regulate licensed crypto businesses. The proposed platform would track transactions across more than 20 blockchains and flag suspicious wallets and transfers. The move follows Kenya’s new virtual asset law and proposed reporting rules for crypto service providers. According to tender documents reviewed by Capital FM Africa, Kenya’s Capital Markets Authority (CMA) is seeking an…

AngelList will stop supporting crypto payments for investment funding at the end of July. Summary AngelList will pause crypto investment funding, pushing users toward ACH and wire transfer options. The change affects USDC, USDT, DAI, and ETH payments, but not existing investments. Ripple bought Rail for $200 million to expand enterprise stablecoin payments and global settlements. The venture platform said crypto funding will become unavailable from July 31, 2026, according to an AngelList help-center notice. The change affects payments made in USDC, USDT, DAI, and ETH. AngelList said its third-party crypto payments provider is discontinuing the service. Users will need…

Vanguard is hiring a head of digital assets as the asset manager builds a broader strategy for blockchain-based finance. Summary Vanguard’s new role covers tokenization, stablecoins, custody, settlement, blockchain infrastructure, and client-facing products. The hiring follows years of caution toward crypto ETFs and direct digital asset exposure. Tokenized funds are growing as BlackRock, Franklin Templeton, Fidelity, and State Street expand offerings. The job posting says the role will lead Vanguard Personal Wealth’s digital assets strategy, roadmap, and execution. The executive will help decide how Vanguard evaluates, builds, partners, or holds back on digital asset products and infrastructure. The role covers…

The U.S. Securities and Exchange Commission has added three major crypto-related rule proposals to its 2026 regulatory agenda, expanding its work on digital asset regulation while Congress continues to debate the CLARITY Act. Summary The SEC has added three crypto-related rule proposals to its 2026 regulatory agenda covering assets, broker-dealers, and market structure. The proposals include possible crypto asset exemptions, broker-dealer rule changes, and new trading rules for exchanges and ATSs. Meanwhile, the CLARITY Act awaits a Senate vote as lawmakers work to reconcile competing versions before the Aug. 7 deadline. According to the SEC’s Agency Rule List, the commission…

Bitcoin Suisse has secured full regulatory approval in Abu Dhabi, allowing the Swiss crypto firm to expand its regulated digital asset business across the United Arab Emirates. Summary Bitcoin Suisse has secured a full ADGM license, allowing it to offer regulated crypto services across the UAE. The approval follows the firm’s recent MiCA license in Liechtenstein, expanding its regulated presence in Europe and the Middle East. Abu Dhabi continues attracting major crypto firms as it strengthens its position as an institutional digital asset hub. ADGM approval opens regulated crypto services across the UAE According to a July 7 announcement, Bitcoin…

Kraken has secured a $22 million arbitration award against its former auditor Mazars USA, with co-CEO Arjun Sethi linking the dispute to what he described as Operation Chokepoint 2.0. Summary Kraken secured a $22 million arbitration award against former auditor Mazars over its withdrawn 2022 audit. Co-CEO Arjun Sethi linked the dispute to Operation Chokepoint 2.0 and called for passage of the CLARITY Act. The exchange continues expanding its product suite with tokenized stock collateral and institutional lending services. According to a letter published Tuesday by Kraken co-CEO Arjun Sethi, parent company Payward has asked the Delaware Court of Chancery…

Nigel Farage has resigned as a Member of Parliament after confirming he will seek re-election in a by-election while facing scrutiny over multimillion-dollar gifts from figures linked to the crypto industry. Summary Nigel Farage has resigned as MP and will contest a Clacton by-election while parliamentary investigations continue. Farage denies wrongdoing over multimillion-dollar gifts linked to crypto figures Christopher Harborne and George Cottrell. The controversy comes as crypto-related political funding faces growing scrutiny in both the UK and the US. According to statements Farage made during an X livestream on Tuesday, the Reform UK leader stepped down as the MP…

Mizuho has lowered its price target for Strategy while maintaining an outperform rating, signaling that it still expects MSTR shares to climb above the $200 level despite the company’s recent Bitcoin sale. Summary Mizuho cut its MSTR price target to $213 but kept an outperform rating, still expecting shares to trade above $200. The revised target follows Strategy’s $216 million Bitcoin sale, which left the company holding 843,775 BTC and $2.55 billion in cash reserves. Grayscale Research and several market commentators said the sale could strengthen Strategy’s finances and improve its S&P 500 inclusion prospects. Mizuho reduced its price target…

Grayscale Research has argued that Strategy’s recent $216 million Bitcoin sale has improved the company’s financial position while helping create conditions for a more stable Bitcoin price. Summary Grayscale says Strategy’s $216 million Bitcoin sale has reduced financing risk and strengthened its balance sheet. The research firm argues higher cash reserves could support a more durable Bitcoin price bottom over time. Bitcoin rebounded above $63,000 as BlackRock’s ETF recorded fresh inflows and trading volume surged. According to a July 6 report from Grayscale Research, the market reaction to Strategy’s decision to sell part of its Bitcoin holdings has overlooked what…