US Treasury cuts off MEXC over alleged $16B in illicit transactions
The US Treasury bureau FinCEN on Friday ordered US financial institutions to stop processing transfers involving MEXC Global. Source：Cointelegraph
Bitcoin ETFs lose $1.16B as Bitwise calls selling ‘short-term’
Bitwise’s André Dragosch attributed Bitcoin ETF outflows to weaker market sentiment, saying institutions have largely maintained their exposure.…
South Korea's president says country needs a ‘cybersecurity czar’ following $6.3 billion Binance hack
Lee Jae Myung said he wants a governmentwide agency to tackle cyberattacks as AI raises security concerns across financial institutions and critical…
Bank of Korea probes financial firms’ exposure to crypto risks
The central bank is surveying 31 financial institutions on how a major exchange shutdown, prolonged crypto downturn or losses at another firm could affect…
Institutions embrace crypto staking despite shrinking yields
Easier access and growing familiarity are encouraging investors to stake their tokens, while falling rewards and withdrawal delays test the economics.…
Canton Foundation grants RedStone 15.8M Canton Coin for pricing standard
RedStone’s planned pricing tool will let institutions on Canton use shared market prices without exposing deal terms to data providers. Source：Cointelegraph
Canada opens consultation on stablecoins, citing US GENIUS Act
As part of the potential implementation of its Stablecoin Act, the Canadian government will hear from the public on a proposed framework for tokens from…
Canada opens consultation on draft stablecoin rules, maintains ban on yields
Under the draft rules, nonbank stablecoin issuers must back tokens 1:1 with reserves held at qualified Canadian institutions and settle redemptions within…
Malaysia, Thailand join Singapore’s cross-border stablecoin push
BLOOM seeks to cut costs by helping financial institutions coordinate crossborder use of stablecoins and tokenized deposits. Source：Cointelegraph
Ripple brings Wall Street into 24/7 stock bets, but HSBC warns markets are still thin
Institutions can trade through Ripple Prime and post RLUSD as collateral. Finding enough buyers and sellers for large positions could prove harder.…
Standard Chartered adds Ripple USD custody, eyes LMAX collateral deal
Standard Chartered has launched custody for Ripple’s RLUSD stablecoin on the XRP Ledger and plans to let institutions use the tokens as trading collateral.…
‘No going back’ for institutions moving toward tokenized onchain future, says Fidelity
Tokenization offers structural advantages to financial institutions and helps asset managers reach new markets, according to Fidelity’s head of digital asset…