CFTC Chairman Michael Selig said regulators must give financial innovation room to lead as the global derivatives market enters a new phase of development. Selig rejects restrictive derivatives rules Writing in The Economist, Selig argued that regulators should avoid importing or copying rules that could limit competition and prevent new financial products from reaching the
Hut 8 reported over $7 billion of cash, restricted cash, and cash equivalents at June 30, but its Aug. 4 quarterly filing shows that only $233.6 million was unrestricted and available for general corporate use. The other $6.8 billion, or 96.7% of the total, was restricted. That distinction makes Hut 8’s headline balance a misleading
Vangrid, a decentralized physical infrastructure network (DePIN) project, has raised $9 million in seed funding, as reported by The Block. The round saw participation from notable investors including HashKey, Borderless Capital, Crypto.com, Animoca Brands, Gate Labs, and Mapleblock Capital. The project is developing a smartphone-based 3D spatial data collection and on-chain verification network, aiming to
Circle received renewed support from Bernstein after reporting second-quarter results that exceeded profit expectations despite softer revenue. The research firm maintained its Outperform rating and $140 price target, saying investor concerns about competition and reserve income may not fully reflect the company’s broader growth strategy.
BNY’s Digital Asset Custody platform plans to provide institutional crypto staking support through Galaxy’s infrastructure, the two firms said Aug. 4. BNY touches roughly 20% of the world’s investable assets, with $62.6 trillion in assets under custody and administration as of June 30. Galaxy is one of three validator firms approved to stake Ethereum for
As BlackRock Inc. (NYSE: BLK) cryptocurrency portfolio increased by over $3.7 billion since early July to date, on-chain data suggests its investors could potentially be rotating capital from Bitcoin ($BTC) to its altcoin fund. BlackRock’s iShares Bitcoin Trust ETF (IBIT) has recorded a holding-decline of 3,710 $BTC, down from 743,190 Bitcoin on July 1, 2026,
Culper Research shorted Nvidia after predicting the $5 trillion AI giant might be re-routing Chinese demand for AI chips through sketchy deals with neighboring countries. Almost no one believed it at the time, but as it turns out, it called the top. Despite Nvidia CEO Jensen Huang’s guidance of “assuming zero for China” to comply
MoonPay has launched MoonPay Enterprise, a unified stablecoin infrastructure platform designed for banks, fintech companies, and merchants managing global payments. The new business unit represents MoonPay’s largest platform expansion since its acquisition of stablecoin infrastructure provider Iron in March 2025. The platform combines fiat payment rails, stablecoin conversion, treasury management, issuance, and global settlement through