InstitutionalUK Recruits BlackRock and JPMorgan for $44B Tokenization Push
The UK Treasury built a 54-firm taskforce to push tokenization across financial markets. The first tokenized government bond is due by 2027.
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Institutional
SecurityFraudster Tried to Move $290K in Crypto From Kraken While Jailed
The DOJ charged Rossen Iossifov with trying to move $290,000 in forfeited crypto from a Kraken account while serving his prison sentence.
StablecoinsCircle Secures Federal Trust Bank Charter From the OCC
The OCC gave Circle final approval to open a national trust bank for its $73.2B USDC stablecoin. What changes, and why the stock jumped 8.4%.
StablecoinsSony Bank Wins OCC Approval for Dollar Stablecoin
The OCC gave Sony Bank preliminary approval to issue a dollar stablecoin via trust Connectia Trust with $40 million in capital, targeting a 2027 launch.
RegulationKraken Wins $22M Arbitration Against Auditor Mazars Over Chokepoint 2.0
Payward, Kraken's parent, won a $22M arbitration against auditor Mazars USA, which abandoned its 2022 audit. The company ties it to Operation Chokepoint 2.0.
InstitutionalVanguard Seeks Head of Digital Assets
Vanguard, manager of $12.5 trillion in assets, posts a head of digital assets role covering tokenization, stablecoins and custody after years resisting crypto.
InstitutionalEDX Markets Raises $76 Million From SBI Holdings
Institutional crypto exchange EDX Markets raised $76M led by SBI Holdings. We explain its clearing model and expansion plans.
SecurityIll Bloom Vulnerability: Weak Recovery Phrases Cost Millions
Coinspect researchers found the Ill Bloom flaw: weak recovery phrase generation has already cost wallet owners more than $5 million.
MarketsBinance Outflows Triple as ETH Withdrawals Hit Three-Year High
Binance lost $1.23B in a week as ETH withdrawals hit a three-year high. What the outflow wave means for traders and the ETH price.