PayPal expands stablecoin push as crypto assets factor into Q2 results
PayPal highlighted growth of stablecoins and AIdriven payment tools in Q2 while reporting $8.68 billion in revenue and an $81 million cryptorelated earnings…
IMF warns Brazil’s stablecoin activity outpaces traditional capital flows
The IMF said Brazil’s stablecoin market has expanded rapidly since 2017, with crossborder crypto flows growing faster than traditional capital flows.…
BitMEX and BitMart may be first casualties of crypto trading slump
Trading volumes across major centralized platforms fell down to $1.05 trillion, marking the quietest stretch of activity for the digital asset market in over…
Inside the CME and CFTC’s battle over onchain perpetual futures
Weeks ago, the U.S. CFTC opened the gates for crypto perps with its first listing approval, but major derivatives player CME is fighting back against what it…
Binance co-founder CZ backs crypto license passporting across ASEAN
Binance cofounder CZ backed crypto license passporting across ASEAN to simplify approvals, reduce compliance costs and encourage competition.…
Binance phishs its own staff monthly, India censors BitChat code: Asia Express
Binance has been phishing its own staff to get ahead of potential attacks. South Korean crypto volumes tank 89% — plus all of the week’s other crypto news from…
U.S. Senate puts off crypto Clarity Act for now as it focuses limited bandwidth elsewhere
The majority leader is pursuing floor time for unrelated bills as the crypto industry waits for its policy effort to get its chance for votes. Source：CoinDesk
New York AG warns CLARITY Act could weaken state crypto enforcement
New York Attorney General Letitia James said the federal crypto market structure bill could restrict state regulators and urged Congress to impose stronger…
Crypto’s favorite $90 trillion trading product is coming to Wall Street, but big banks are taking it slow
Regulated perpetual futures are officially landing in the U.S., but while agile trading firms and crypto exchanges race to capture massive retail demand,…
Digital asset trading platform Uphold cuts 17% of global headcount as crypto winter bites
The crypto trading platform said the layoffs reflect a strategic shift toward its fastgrowing enterprise business. Source：CoinDesk
What are perps, anyway? Everything you need to know about crypto’s hottest trading instrument
Perps, which launched on BitMEX in 2016, have become one of the most traded financial products in the world. Source：CoinDesk
Fanatics buys regulated exchange in bid to grow prediction markets business
The deal gives Fanatics control of its own prediction market infrastructure as eventbased trading gains traction across sports, finance and crypto.…