Author: John Smith
US and UK financial regulators have expanded talks on stablecoins, tokenization and digital asset oversight as Washington begins implementing the GENIUS Act. Summary The 13th UK-US regulatory meeting took place in London on July 8. US officials briefed UK regulators on GENIUS Act implementation and crypto market structure. Both governments support one-to-one stablecoin backing and greater cross-border regulatory coordination. The Bank of England has replaced proposed holding limits with a £40 billion issuance cap. US, UK regulators discuss stablecoin policy Senior officials from HM Treasury and the US Treasury met in London for the 13th UK-US Financial Regulatory Working Group…
Most meme coin guides explain culture and community. This one explains plumbing: the bonding curve formula that sets the price, the graduation threshold that moves a token to a real exchange, and the arithmetic that shows why the vast majority of buyers lose money before a single meme goes viral. Summary A bonding curve is a smart contract that mints tokens on demand and prices each successive unit higher than the last, removing the need for a traditional order book or market maker. Pump.fun, the largest meme coin launchpad, allocates 800 million of each token’s one billion supply to its…
Bybit has secured an Electronic Money Institution license in Austria, allowing its local payments subsidiary to offer regulated electronic money and payment services across the European Union. Summary Austria’s FMA granted Bybit Payments GmbH an EMI license on Aug. 4. The license covers electronic money issuance and several regulated payment services. Bybit EU GmbH will continue handling crypto services under its separate MiCA authorization. Bybit plans to add payment cards, open banking and merchant services, subject to approval. Bybit gains approval for regulated EU payments Austria’s Financial Market Authority granted the license to Bybit Payments GmbH on Aug. 4 under…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP ETF inflows surpass $1.5 billion as investors increasingly explore alternative strategies, including EX DeFi cloud mining, for long-term crypto exposure. Summary XRP ETF inflows surpass $1.5B as institutional demand grows and investors explore new digital asset opportunities. XRP ETF milestone boosts market confidence, while EX DeFi attracts attention from investors seeking alternative yield options. Institutional XRP demand accelerates with ETFs crossing $1.5B in inflows amid evolving investment strategies. According to previous forecasts from JPMorgan and Standard Chartered, spot…
Democratic senators Elizabeth Warren and Richard Blumenthal have asked the SEC to investigate whether the TRUMP meme coin facilitated fraud or improper enrichment after its value collapsed 98% from its peak. Summary Warren and Blumenthal urged the SEC to investigate possible fraud involving the TRUMP token. Nearly 989,000 wallets lost a combined $3.81 billion, according to Nansen data. TRUMP trades near $1.47, down about 98% from its all-time high above $73. The request adds pressure to the CLARITY Act’s unresolved ethics negotiations. Senators ask SEC to investigate TRUMP coin Warren and Blumenthal sent a letter to SEC Chair Paul Atkins…
Bitdeer Technologies Group said on Aug. 4 that its Tydal Data Center subsidiary signed a 16-year colocation and services agreement with Volta Tydal AS for an artificial intelligence and high-performance computing campus in Norway. Summary Bitdeer signed a 16-year Norway colocation agreement expected to generate $4.7 billion in contracted revenue. The Tydal campus will deliver 121 megawatts of IT capacity using renewable Norwegian power sources. An eight-year extension could raise total contract value to approximately $8 billion across twenty-four years. Bitdeer retains full ownership of Tydal while Volta supplies customer, financing and technology relationships globally. Two construction phases target completion…
Ripple President Monica Long said on Aug. 4 that financial institutions are moving tokenized assets “from bank pilots to production,” creating demand for the operational infrastructure needed to issue, manage and use regulated assets on public blockchains. Summary Monica Long says financial institutions are moving tokenized funds from pilot programs into production environments. Ripple invested in ZILO and Licuido to add transfer agency, issuance, and collateral mobility infrastructure. Aviva Investors launched its first tokenized fund share class on the XRP Ledger in July. RLUSD is intended to provide the cash leg for atomic delivery versus payment fund settlements. Ripple disclosed…
Nigeria’s revenue authority has issued detailed crypto tax rules requiring exchanges and P2P marketplace operators to collect, report and remit taxes arising from virtual asset transactions. Summary Platforms must withhold 1% from taxable crypto disposals, while stablecoin sales remain exempt under guidelines. Staking, mining, airdrops and DeFi rewards may face 10% withholding when classified as taxable income. Token to fiat and fiat to token transfers attract 1.5% stamp duty collected by platforms and marketplaces under guidelines. Some withheld taxes require remittance in originating tokens, while VAT follows the transaction’s payment currency. Nigeria’s framework places exchanges and P2P operators at the…
South Korea’s two largest crypto exchanges announced four new trading markets on Aug. 4, expanding local access to the HOME, META2 and USDG tokens. Summary Upbit will open HOME trading against KRW and USDT at 17:00 KST on August 4. Bithumb scheduled META2 and USDG won markets to open at 16:00 KST on August 4. Bithumb changed USDG support from Ethereum to Solana before opening the new Korean won market. HOME traded about 32% higher over 24 hours before Upbit’s scheduled Korean market launch Tuesday. USDG remained near its dollar peg as Bithumb prepared direct Korean won trading access Tuesday.…
Kalshi CEO Tarek Mansour defended the prediction market operator on Aug. 3 after New York filed a lawsuit seeking at least $36 billion in damages, penalties and related relief. Summary New York seeks at least $36 billion while alleging Kalshi operates an unlicensed gambling platform. Kalshi removed the case to federal court, temporarily sidelining New York’s immediate preliminary injunction request. Tarek Mansour compared Kalshi with Nasdaq, saying the exchange matches traders and charges transaction fees. Federal courts previously refused Kalshi’s bid to block New York from enforcing gambling laws locally. The next court fight concerns federal jurisdiction, remand, and whether…