Trading
Legal
Circle shareholder sues Trump over UAE crypto deals, citing up to $82 million in potential annual revenue
A shareholder claims Trump's World Liberty Financial benefited from foreign-government transactions that diverted lucrative stablecoin business from USDC.
Stablecoins
Senator probes Tether’s reported $6 million payments to ex-White House crypto adviser’s firm
Blumenthal is seeking records on Tether’s reported payments to Nxum while Bo Hines helped shape US stablecoin policy.
Regulation
UK’s FCA says crypto apps may need licenses when algorithms choose trade routes
Britain's financial watchdog is scrutinizing automated trading decisions that could bring DeFi aggregators and other crypto interfaces under its 2027 licensing regime.
ETF
Bitcoin ETFs shed $635 million as BTC tests their holdings’ estimated $81,500 cost basis
Thursday's withdrawals erased nearly 60% of three days' ETF inflows as Bitcoin traded near the funds' estimated holdings cost basis.
Stablecoins
Coinbase to drop this Japanese yen stablecoin years after its price crash sparked investor lawsuits
The roughly $13 million yen-backed stablecoin is nearing the end of its wind-down, following a 2021 trading controversy and a $6.75 million settlement with its issuer.
Stablecoins
Bitcoin’s $80,000 recovery faces liquidity questions as Binance’s Tether flows swing $14 billion
A reversal in Binance's USDT transactions and declining stablecoin balances add another uncertainty to the market's recovery prospects.
Technology
Ethereum’s long-awaited Glamsterdam upgrade hits another roadblock as 13 security risks emerge
Developers cancel a crucial testnet activation after ChainSecurity identifies 13 real-world examples of smart contracts affected by proposed gas changes.
Technology
XRPL recovers from network slowdown as critical security upgrade faces two-week delay
XRPL developers restored normal ledger-closing times after intermittent disruptions, but a separate protocol amendment must restart its validator approval countdown.
ETF
Bitcoin ETFs sold through 7 of 8 crashes even as Wall Street makes BTC selloffs less violent
Institutional investors withdrew money in seven of eight major declines, but Bitcoin's crashes have become slower and less frequent, exposing a market-structure puzzle.
Deals
Standard Chartered moves to bring crypto custody in-house as Wall Street’s digital asset infrastructure race accelerates
Custody integration would follow completion, while the software separation already outlined in May remains part of the transaction plan.
DEX
Solana bot turns just $12,000 into $1.4 billion in trading volume as fake liquidity floods Raydium
Bitquery uncovered a suspected wash-trading operation spanning 438 pools, including tokens displaying billions in liquidity despite holding barely $10,000 in USDC.
Layer-2
Robinhood generates $51 million in blockchain fees while Ethereum settlement costs total just $69,000
Tokenized stock trading surged more than twentyfold in Robinhood Chain's first quarter, revealing how financial firms could capture millions from Ethereum's layer-2 ecosystem.
