China Signals Shift Toward Stablecoins with Hong Kong Approval
China is preparing to approve its first fiat-backed stablecoins through Hong Kong’s newly implemented licensing regime, according to sources cited by the Financial Times. This move marks a calculated opening towards digital assets, while Beijing continues to restrict retail crypto use on the Chinese mainland.
The new regulatory framework
Crypto firm Parataxis plans NYSE listing under PRTX
Parataxis, a digital asset management company focused on Bitcoin, will go public through a merger with SilverBox Corp IV, a SPAC sponsored by SilverBox Capital. The deal could generate up to $640 million in gross proceeds, which will be used to fund a Bitcoin treasury strategy.
Once completed, the combined
Jesse Powell Cleared: DOJ Drops FBI Probe After Two Years
The U.S. Department of Justice has closed its investigation into Jesse Powell, the founder of cryptocurrency exchange Kraken, and returned dozens of electronic devices seized during a raid two years ago. The case was unrelated to Kraken’s operations and stemmed from a leadership dispute involving an arts non-profit
Strategy makes third-largest Bitcoin purchase
Michael Saylor, through his company Strategy (formerly MicroStrategy), announced a $2.46 billion Bitcoin purchase last week, the third largest in five years. According to a filing with the U.S. Securities and Exchange Commission (SEC), between July 28 and August 3, the company acquired 21,021 tokens, increasing its
BitBridge to list publicly under ticker BTTL by Q3 end
BitBridge Capital Strategies will become a publicly traded company and will start trading under the ticker symbol BTTL by the end of the third quarter, with plans to uplist to NASDAQ thereafter, according to a Tuesday press release. This decision follows the completion of its merger with Green Mountain Merger
Legal Battle Heats Up: Zhao Challenges FTX’s $1.76 Billion Claim
Changpeng Zhao, founder and former CEO of Binance, has requested a U.S. court to dismiss a lawsuit filed by the FTX bankruptcy estate. In this case, FTX is seeking to recover $1.76 billion, alleging that Binance unjustly obtained these funds.
The lawsuit, initially filed in November 2024, concerns
Seeker, Solana’s New Blockchain Smartphone, Begins Global Rollout
Solana Mobile, a subsidiary of Solana Labs, has begun shipping its Seeker crypto smartphone to over 50 countries, according to an August 4 announcement. The company states that tens of thousands of units are already being delivered to customers worldwide.
Seeker is the second-generation crypto smartphone developed by Solana, following
New Binance Wallet Web Offers Real-Time On-Chain Tools and Self-Custody
Binance has announced the launch of Binance Wallet (Web), a browser-based version of its crypto wallet, enabling fast and secure on-chain trading directly from the desktop. The product uses Binance’s keyless self-custody technology and introduces Secure Auto Sign (SAS), allowing users to approve transactions once and continue trading seamlessly
Trump Targets Banks That Discriminate Against Crypto Firms
The Trump administration is preparing an executive order that could impose sanctions on banks accused of closing customer accounts for political reasons, including those of crypto companies and conservative organizations. According to sources cited by The Wall Street Journal, the order is expected to be signed this week.
The measure
Grayscale Eyes IPO, Brings Back Founder Barry Silbert
Grayscale Investments has announced the return of founder Barry Silbert as chairman of the board, as the company prepares for a public listing. The move comes after Grayscale confidentially filed documents for an initial public offering (IPO) in July 2025.
Alongside Silbert's return, the company appointed four new