Regulation

Highlights: Crypto.com applies for a U.S. bank charter to provide custody and staking across blockchains. A national trust bank charter provides federal control and eliminates state-by-state licensing. Crypto.com now competes with other crypto companies moving into the regulated banking space. […]

Highlights: Fortress Trust was shut down due to insolvency and unsafe operations. The company owed $12 million, yet had less than $1.2 million in assets. The cease-and-desist order was issued by Nevada following months of missing reports. Regulators in Nevada […]

Highlights: Revolut secures MiCA license to operate regulated crypto services across 30 EEA countries. The firm introduces Crypto 2.0 with over 280 tokens and zero-fee staking up to 22% APY. The approval strengthens Revolut’s role as a major player in […]

Highlights: Japan’s FSA may permit banks to acquire and hold cryptocurrencies for investment purposes. The regulator also considers allowing banks to register as cryptocurrency exchange operators. Over 12 million crypto accounts already exist in Japan, underscoring regulatory urgency. Japan’s top […]

The crypto market last week saw major global shifts, with Ripple launching a $1 billion XRP treasury and acquiring GTreasury. The U.S. seized $15 billion in Bitcoin from a scam, and regulators are advancing new crypto laws worldwide. Institutional adoption […]

Highlights: Bullish secures New York BitLicense, opening doors for U.S. expansion. The license allows crypto spot trading and custody services. The approval strengthens Bullish’s global regulatory footprint. Crypto exchange Bullish, backed by venture capitalist Peter Thiel, has entered a pivotal […]

Highlights: Before MiCA, OKX received a fine of 2.6M in the Netherlands because of providing unregistered services. The penalty applies to activities conducted between July 2023 and August 2024. OKX has also received a license under MiCA and remains active […]

 Last week was a mix of institutional activity and market movements in the crypto space. Metaplanet stated its intention to purchase $880 million in Bitcoin. At the same time, several companies filed for new crypto ETFs, indicating further interest in […]

Markets fell steadily before August 22, reflecting caution among global investors. However, Jerome Powell’s 10:00 AM speech that day brought optimism after hinting at a possible September rate cut, reshaping expectations and lifting sentiment.  Meanwhile, regulators made significant moves worldwide. […]

Highlights: VanEck filed the first ETF backed by a liquid-staked Solana token, JitoSOL. JitoSOL ETF combines staking rewards with traditional finance access. The SEC clarified that liquid staking does not constitute securities transactions. New York-based investment management firm VanEck has […]

Highlights: Bo Hines Joins Tether as Strategic Advisor for Digital Assets and U.S. Strategy. Tether plans to launch a U.S.-regulated stablecoin in the coming years. The company has already reinvested nearly $5 billion in the U.S. economy. Tether, the largest […]

Welcome to our recap of the past week, where we will discuss the most impactful events in the financial and crypto industries. Bitcoin reached new all-time highs, and Ethereum ETFs took media spotlights despite rising inflation. Do Kwon admitted to […]