Robinhood has finalized its $200 million acquisition of Bitstamp, gaining over 50 global crypto licenses and expanding into institutional markets across Europe, the UK, and Asia. The sector faces persistent security and regulatory pressures, with DeFi hacks and scams driving significant losses, regulatory tightening in regions like Singapore and Australia, and ongoing debates over staking and ETF approvals. Stablecoin growth and institutional investments—such as Reitar’s $1.5 billion bitcoin purchase and Circle’s public debut.
Robinhood has completed its $200 million acquisition of Bitstamp, gaining over 50 global crypto licenses, an institutional client base, and infrastructure for lending, staking, and crypto-as-a-service. This move marks Robinhood's significant expansion beyond retail trading into global and institutional crypto markets.
RedotPay, a Hong Kong-based crypto payments firm with over four million users, has joined Circle's new payment network to simplify cross-border transactions in Brazil.
Consensys, the company behind MetaMask, has acquired wallet infrastructure provider Web3Auth to improve MetaMask's usability and developer accessibility, aiming to greatly enhance the user experience.
Coinbase reportedly knew in January about a customer data leak at an outsourcing firm in India, linked to a broader breach that could cost up to $400 million. The company delayed public disclosure, raising concerns about transparency and user security.
BitoPro, a Taiwan-based crypto exchange, may have been exploited for $11.5 million in crypto on May 8. Blockchain investigator ZachXBT flagged the suspicious outflows. Reports indicate user funds are unaffected.
Crypto investors lost over $300 million to scams, hacks, and exploits in May, according to CertiK. The report highlights ongoing security challenges in the Web3 space, underscoring the need for stronger safeguards.
NEAR Protocol faces ongoing bearish pressure amid global economic uncertainty and market turbulence, with its price reflecting investor caution as geopolitical developments unfold.
DeFi hacks were responsible for most of May's $302 million in crypto losses, according to Certik. The largest incident involved Cetus Protocol, which lost about $225 million but later recovered $162 million from Sui validators.
Singapore's central bank has finalized rules requiring local crypto firms to cease offering overseas digital token services by June 30 or face fines up to nearly $200,000.
The SEC's new approach to crypto staking is drawing criticism for contradicting previous enforcement actions and court decisions, increasing regulatory uncertainty for digital assets in the US.
Australia has imposed new restrictions on crypto ATM transactions, including a AU$5,000 limit, following a surge in scams that cost victims over AU$3.1 million in a year. Regulators like AUSTRAC are increasing oversight to curb illicit activity.
With top officials departing the CFTC, former chairs outline a way forward for the agency's crypto oversight. The leadership shake-up comes as the crypto sector seeks regulatory clarity and unity.
The SEC's objection to staking in ETFs may delay approval, but ETF Store president Nate Geraci expects spot solana and staking-enabled SOL and ether ETFs to be approved in 2025. The decision signals evolving regulatory attitudes toward crypto investment products.
A new study ranks New Hampshire as the most crypto-friendly US state, highlighting its zero capital gains tax and lack of restrictions, despite high electricity costs and minimal bitcoin mining activity.
Crypto industry lobbyists are urging U.S. senators to stay focused as the stablecoin bill heads into final floor debate, amid calls to pass the GENIUS Act and bipartisan pushes for amendments.
Crypto ETPs posted $286 million in net inflows last week, driven by strong interest in ether products, while bitcoin investment products experienced $8 million in outflows, according to CoinShares.
Reitar Logtech Holdings Ltd. announced a $1.5 billion bitcoin acquisition as part of a treasury diversification strategy to boost financial resilience and support logistics technology expansion. This marks a significant crypto treasury move in Hong Kong.
Circle goes public on June 4 as stablecoin adoption and regulation reach a pivotal moment. The move raises questions about $CRCL’s resilience if interest income wanes, with the stablecoin market cap now surpassing $250 billion and use-cases set to expand.
Stablecoin market capitalization has surpassed $250 billion, driven by increasing regulatory clarity and growing DeFi adoption. Analysts highlight that improved rules and frameworks are fueling momentum and innovation in the sector.
The Block Research report highlights how stablecoin use-cases could drive the crypto market from billions to trillions. The full report explores the interconnected global financial landscape and the expanding role of stablecoins.
Stablecoin protocol USDT0 is aiming to make tokenized gold compatible with decentralized finance (DeFi) applications, giving a crypto native spin to one of the world's oldest stores of value.
An open letter from leading academics argues that regulatory efforts alone are insufficient for crypto leadership, emphasizing the continued importance of scientific research and innovation in the sector.
An analyst warns that the crypto industry is unprepared for potential threats posed by quantum computing, highlighting the need for increased security measures and awareness.
Recent blackouts in Europe and beyond highlight the vulnerability of centralized infrastructure and the urgent need for DePIN, which empowers communities to build more resilient, community-driven solutions.
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