Crypto news
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Ripple expands Brevan Howard deal with prime brokerage services
Ripple Prime will provide prime brokerage, clearing and financing services to funds managed by the $35 billion alternative investment manager.
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OKX draws investment from StanChart, Circle, Ripple as it pushes beyond crypto exchange roots
The exchange is increasingly aiming to position itself as a global financial tech platform spanning crypto, payments and tokenized assets, following an investment and joint venture with NYSE parent ICE.
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Solana treasury DeFi Development authorizes CHAD preferred stock buyback program
Solana treasury firm DeFi Development approved an open-ended program to repurchase CHAD preferred stock if it trades below its $10 par value.
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Tokenized Stocks Grew 395% in a Year While DeFi Use Stayed Under 3%
RedStone's report puts lending collateral at roughly $81 million against $3.17 billion of supply, with leveraged equity exposure onchain sitting almost entirely in perpetual futures... Read the full story at The Defiant
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Brevan Howard to use Ripple Prime for multi-asset brokerage, clearing and financing
Ripple Prime will provide prime brokerage, clearing and financing to Brevan Howard, deepening a tie that began with its Ripple investment.
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Polymarket rolls out V2 upgrade with single ERC-1155 positions contract, pUSD collateral
Polymarket rolls out Protocol V2, replacing its legacy Gnosis-based setup with a single ERC-1155 positions contract and pUSD collateral.
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Ethereum’s Glamsterdam Upgrade Activates on Sepolia
The first two upgraded epochs finalized, while early blocks began a gradual gas-limit climb from 60 million toward a 200 million client target.... Read the full story at The Defiant
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UK Names Six Banks to Lead First Digital Gilt Pilot
The managers will underwrite and distribute DIGIT, a short-dated bond on HSBC Orion that will sit outside the UK's main debt management programme.... Read the full story at The Defiant
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Circle and SC Ventures Back OKX at $25 Billion Valuation
Ripple and hedge fund QRT also joined the financing, an extension of the March round backed by NYSE owner ICE. The amount raised was not disclosed.... Read the full story at The Defiant
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Rain Seeks US Trust Bank Charter for Stablecoin Issuance
The proposed subsidiary would also hold client assets and manage stablecoin reserves, but would not accept deposits or make commercial loans.... Read the full story at The Defiant
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Ether.fi Announces Dollar Stablecoin Powered by Ethena
Ethena will manage reserves, minting, redemptions and compliance for a platform reporting more than $300 million in existing stablecoin balances.... Read the full story at The Defiant
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Bloomberg Terminal Adds 24/7 Hyperliquid Perpetuals Pricing
The WSL HYPE worksheet pairs perpetuals with reference prices across commodities, indexes, equities, currencies and crypto.... Read the full story at The Defiant
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Ethereum’s Glamsterdam upgrade launches on Sepolia testnet
Sepolia marks one of the final major rehearsals before the final activation of Glamsterdam, aimed at bringing more efficiency and scalability to the Ethereum mainnet.
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OKX exchange raises fresh capital at $25B valuation
OKX raised an undisclosed amount at a $25 billion valuation as an extension to March’s investment round led by the parent company of the New York Stock Exchange.
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Capital starting to rotate back to crypto from AI: Raoul Pal
Real Vision founder Raoul Pal says a pause in the AI stock rally could help crypto attract capital, while AI agents are likely to boost Ethereum and Solana adoption.
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Capital starting to rotate back to crypto from AI: Raoul Pal
Real Vision founder Raoul Pal says a pause in the AI stock rally could help crypto attract capital, while AI agents are likely to boost Ethereum and Solana adoption.
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Arbitrum joins Paxos-led stablecoin group Global Dollar to capture digital dollar growth
The Ethereum layer-2 is backing Paxos-issued USDG to earn a share of reserve income as new stablecoin alliances compete for distribution, users and reserve economics.
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Fortitude expands Zcash mining push with up to $100 million equipment commitment
Fortitude secures priority access to BITMAIN’s next-generation Zcash miners as it expands capacity and increases financing from DCG.
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Arbitrum Adopts Paxos' USDG as Its Ecosystem Dollar
The stablecoin goes live on Arbitrum One with Fluid, Morpho, GMX, Maple and Kraken behind it. A proposal published the same day asks ArbitrumDAO to add 100 million ARB to an incentive program that still has about 63.7 million ARB unspent... Read the full story at The Defiant
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US crypto rules need to survive the next election
US crypto rules could be vulnerable to political change after the midterms. Former New York Gov. Andrew Cuomo argues Congress needs to pass durable, bipartisan legislation.
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Paxos’ $3B USDG stablecoin launches on Arbitrum
Paxos’ USDG stablecoin is now live on Arbitrum as the network proposes 100 million ARB in incentives to support adoption and liquidity.
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Polymarket overhauls smart contracts with new Protocol V2 rollout
Polymarket begins its Protocol V2 rollout ahead of a planned November transition for new prediction markets, while existing positions remain on the current system.
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Circle, Ripple and Standard Chartered Back OKX at Flat $25B Valuation
A London quantitative hedge fund joins the round too, seven months after the NYSE's owner bought in at exactly the same price.
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Self-styled 'Godfather' gets 6 years in prison for $37 million Meta fraud scheme
Adam Iza’s sentence runs concurrently with a 15-year term imposed last month for his role in an attempted bitcoin robbery.
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Morning Minute: The CFTC Reveals Plan to Regulate Crypto Exchanges
Clear rules of the road are here. So what does it all mean and what is the overall impact?
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Don Davis Bill Would Fine Candidates $10K for Trading on Their Own Elections
The No Betting on Your Own Race Act also gives prediction markets cover to close accounts and report candidates to regulators.
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Trump Mobile leaks data of Donald Trump staffers
Members of Donald Trump’s close staff are among 3,615 Trump Mobile customers whose data was leaked last week by ransomware group BYOD. Straight Arrow News ( SAN ) reported yesterday that the data, listed on BYOD’s leak site last week, included names, email addresses, telephone numbers, home...
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Donald Trump bought PTC before $22.6B buyout
Schneider Electric agreed on Monday to acquire publicly-traded software company PTC in which Donald Trump’s investment portfolio bought $500,000 worth of stock 77 days prior. Offering $22.6 billion all-cash at $205 per share, a 42% premium to Friday’s close, the buyout offer is 64% higher than the...
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Rep. Don Davis introduces bill to stop federal candidates trading prediction market contracts tied to their own elections
Don Davis introduced legislation barring federal candidates and their families from trading prediction contracts tied to their own elections.
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Now Accepting Bitcoin: Old Major Market Brings Artisanal Meats to 48 States
Bitcoin Magazine Now Accepting Bitcoin: Old Major Market Brings Artisanal Meats to 48 States Table of Contents First Up: Old Major Market LLC (Artisan Meats) The Big Ole Update!! The “1% Orange Pill” Math Notable Mentions: Local Indy Staples: Coffee & Wine Have a Story or a Local Merchant Network...