Crypto Biz: Crypto’s biggest business is starting to look a lot like banking
Crypto business is converging with banking as stablecoin reserves, tokenized funds, Treasury income and balance sheet management become key profit drivers.
CEX perpetual futures volume falls to $4T, lowest since late 2023
Perpetual futures trading volume on crypto exchanges fell to its lowest level in 31 months, while perpetual trading on decentralized platforms neared a one-year low.
Russia cracks down on 9 crypto exchanges in Moscow City
Russia has shut down nine unregistered crypto exchanges in Moscow, with the FSB alleging they helped move scam proceeds abroad through Ukrainian call centers.
Binance Bitcoin volume ratio hits record as futures outweigh spot eight times over
Binance saw a record divergence between daily spot and futures trading volumes, with the latter reaching nearly $58 billion.
CLARITY Act delay gives Asian financial hubs an opening: First Digital CEO
Industry figures warned that continued legislative limbo could slow institutional adoption, revive regulation by enforcement and push innovation offshore.
Stripe-owned Bridge joins EU MiCA register after Luxembourg approval
Stripe-owned Bridge has entered the EU MiCA register following Luxembourg approval, joining regulated providers under the bloc’s crypto framework.
CleanSpark misses Wall Street revenue estimates as shares sink
CleanSpark’s shares fell 5.5% on Thursday after the Bitcoin miner reported $138 million in quarterly revenue, narrowly missing Wall Street’s consensus estimate.
Coldcard exploit pushes July losses to $247M as second-worst month of 2026
The Coldcard exploit, which caused more than $100 million in losses, helped push July crypto thefts to $247 million, making it the second-worst month of 2026.
Japan FSA asks crypto exchanges to impose withdrawal delays to fight scams
Japanese authorities called for address registration, customer-specific limits and stronger authentication as part of a broader push to curb misuse of exchange accounts.
Proposed CLARITY ethics deal could save Trump millions in taxes: Bloomberg
The latest bipartisan ethics proposal would reportedly require Trump to divest crypto businesses while allowing him to defer capital gains taxes on those sales.