Explore the intersection of cryptocurrency and traditional finance with the latest news, analysis, and insights on digital assets and global markets.
Finance
Nasdaq plans to connect its European trading venues to a blockchain settlement network built by Boerse Stuttgart’s Seturion platform. The move targets one of Europe’s longest-standing market frictions: fragmented post-trade infrastructure that slows cross-border securities settlement. The partnership signals growing institutional interest in tokenized securities infrastructure across the
Finance
Sonic Labs plans to launch a network-native stablecoin backed by U.S. government debt. The move gives the high-throughput blockchain a dedicated source of on-chain dollar liquidity as competition intensifies among Layer-1 networks for institutional capital. The token, called USSD, will hold reserves in U.S. Treasuries, including tokenized instruments
Finance
Coinbase has launched crypto futures trading for eligible users in 26 European countries, marking the exchange’s first direct derivatives offering to retail and professional traders in the region. The move expands Coinbase’s presence in the fast-growing global crypto derivatives market. The company said Monday that the futures products
Finance
Tether participated in a $7.5 million funding round for Utexo, a startup building infrastructure for USDT settlement directly on Bitcoin. The investment signals growing interest in using Bitcoin as a base layer for dollar-denominated payments. The stablecoin issuer co-led the round announced Friday alongside other investors. Utexo is developing
Finance
Crypto exchange OKX introduced an in-app social network designed to display verified trading performance. The feature aims to narrow credibility gaps that often distort online trading discussions. The product, called Orbit, is embedded directly inside the OKX mobile application. The exchange began a phased beta rollout Friday, granting early access
Finance
A Coinbase shareholder has filed a derivative lawsuit accusing senior executives of misleading investors about custody practices, securities listings, and anti-money laundering controls. The case targets leadership decisions made during the exchange’s rapid growth period after its 2021 public listing. The complaint was filed Tuesday in the U.S.
Finance
Core Scientific has secured a $500 million financing facility from Morgan Stanley. The credit line arrives as the company accelerates its transition from Bitcoin mining toward artificial intelligence infrastructure. The 364-day facility includes an accordion feature that could expand total borrowing capacity to $1 billion. Borrowings carry an interest rate
Finance
Institutional crypto trading firm Crossover Markets has secured $31 million in fresh capital. The Series B round values the company at $200 million and signals growing demand for institutional-grade crypto execution infrastructure. The funding was led by Tradeweb Markets, with participation from Ripple, Virtu Financial, DRW Venture Capital, Illuminate Financial,
Finance
SOL Strategies Inc. shares rose 20.97% Wednesday after the firm reported continued expansion across its Solana validator network and liquid staking platform. The jump signals renewed investor focus on staking infrastructure businesses that generate recurring revenue even during volatile crypto markets. The Canada-based company said its validator network reached
Finance
Morgan Stanley has named Coinbase Custody and BNY Mellon as custodians in an updated filing for its proposed spot bitcoin exchange-traded fund. The amendment clarifies the bank’s operational partners and signals deeper institutional alignment with established crypto infrastructure providers. According to a Tuesday amended S-1 registration statement filed with
Finance
Backpack will offer onchain access to initial public offering share allocations before public trading begins. The move inserts a crypto exchange directly into the capital formation process, potentially widening pre-IPO access beyond traditional Wall Street desks. The exchange, founded by former FTX employees, is partnering with Superstate to become what
Finance
Polymarket pulled a nuclear detonation event contract after it drew at least $650,000 in trading volume. The decision follows mounting backlash over prediction markets tied to war and loss of life. The market, titled “Nuclear weapon detonation by…?”, offered resolution timelines including March 31, June 30, and before 2027.