Author: James Wilson

Australian crypto exchange Swyftx is set to acquire digital asset brokerage Caleb & Brown in a major move to establish a foothold in the U.S. market. Brisbane-based crypto exchange Swyftx is set to acquire Caleb & Brown, a Melbourne-based boutique digital asset brokerage with a reported $2 billion in digital assets under custody, in a deal reported to be worth over AU$100 million (over $65.8 million). The agreement, which was formally disclosed to employees last week, marks what is believed to be the largest crypto acquisition to date in Australia and New Zealand. The merger is expected to give Swyftx…

Paxos has expanded its Global Dollar stablecoin into the European Union under the region’s new crypto regulations. The launch was announced in a July 1 press release by Paxos, revealing that the coin is fully compliant with the EU’s Markets in Crypto-Assets Regulation framework and regulated by Finland’s Financial Supervisory Authority.  USDG itself is not a new stablecoin. Available on the Ethereum (ETH), Solana (SOL), and Kraken’s Ink blockchain, it was first launched in late 2024.  More than 450 million consumers across 30 countries can now access it thanks to its official launch as a regulated product in the EU.…

HFT crypto is spiking as high as 105% in the past 24 hours. The token has been on a rally in the past few days. What could be causing the surge? According to data from CoinGecko, HFT crypto has climbed up beyond 100% in the past few hours of intraday trading. Hashflow’s native token briefly reached a peak of $0.151 before slowly declining to around the $0.14 mark. At press time, it has gone up by 99.2%. When compared to its all-time high, it is only 95.9% below its highest price, which sits at $3.61. In the past week, the…

Malaysia is planning an overhaul of its regulatory framework for digital asset exchanges, aiming to expedite token listings and enhance investor safeguards. On Monday, Malaysia’s Securities Commission has released a consultation paper proposing significant updates to its regulations for digital asset exchanges (DAX). Key changes include permitting certain digital assets to be listed on DAX platforms without the SC’s prior approval, provided they satisfy set eligibility criteria. The regulator also plans stricter governance and operational requirements for exchange operators, such as mandatory segregation of client assets and higher financial thresholds. The SC is collecting public feedback on the proposals from…

Robinhood’s partnership with Arbitrum failed to boost investor interest, instead triggering a sharp downturn in ARB’s price despite the initial hype. According to data from crypto.news, Arbitrum (ARB) fell over 13% over the past 24 hours, trading at $0.32 while its market cap was seated at $1.61 billion. ARB’s price tumbled shortly after U.S.-based trading platform Robinhood confirmed its highly anticipated partnership with Arbitrum during an event it was hosting in Cannes. The collaboration will see the Layer-2 network project build the Robinhood Chain, a blockchain infrastructure that will reportedly enable EU-based users to trade U.S. equities onchain. Much of…

Bitget Wallet partners with Mastercard and its licensed-issuer Immersve to launch new crypto cards that allow for fee-less payments directly from the digital wallet. According to a press release sent to crypto.news, the crypto card is available directly through the Bitget Wallet app and supports real-time payments through on-chain swaps and deposit features. It allows users to make payments directly through digital wallets at more than 150 merchants worldwide that accept Mastercard payments. The new crypto cards will first be released in select regions, starting with the United Kingdom and the European Union. The firms plan to expand its utility…

On-chain investigator ZachXBT has raised concerns over USDC stablecoin issuer Circle’s compliance standards and its growing use among malicious actors. According to ZachXBT, North Korean IT workers have been using USDC (USDC) to move millions in illicit payments. The on-chain analyst’s comments came in response to Circle’s recent filing for a national trust bank charter, which would authorize the firm to manage the reserves backing USD Coin. ZachXBT criticized Circle’s handling of the situation, alleging that despite the scale and visibility of the fund flows, the company has taken no steps to curb the activity or freeze any of the…

Polyhedra has unveiled the Phoenix Revival Program, a new initiative aimed at rewarding users who stood by the project during its June 15 liquidity crisis. Announced on July 1 via an X article, the program targets on-chain Polyhedra Network (ZKJ) stakers who held tokens on Ethereum (ETH) or BNB Chain (BNB) at 13:00 UTC on the day of the crash. Eligible users will receive early access to future ecosystem airdrops and a share of incentives from upcoming Polyhedra products, including its ZKML platform, privacy-preserving stablecoin, and dark pool trading protocol. The size of each user’s rewards will be based on…

Japanese online claw machine operator CyberStep is launching a new business arm called CRYPTECH Capital which will generate tokens used to buy BTC and ETH as reserve assets. According to a recent report on CoinDesk Japan, the company that operates the online claw machine game “Toreba” has established its own dedicated crypto stockpile firm to manage its corporate crypto holdings. The newly established branch is called “CRYPTECH Capital” and it is responsible for building a new revenue base for the company built with a web3 focus. Rather than issuing commercial shares or opening stock bids to generate revenue for a…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. A few weeks ago, Jeffy Yu—the founder of a memecoin project called Zerebro (ZEREBRO)—appeared to take his own life on camera. Then his wallet started moving. Thankfully, Jeffy didn’t really pass away. It was a stunt, and while the backlash has been deserved, the reported motive behind it—wanting to escape harassment and blackmail—hit a nerve. I don’t condone it. But I do recognize the impulse to disappear. Crypto is chaotic. Public one day, gone the next. And…