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Top Japanese Banks Plan Joint Stablecoin Launch, Nikkei Reports

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Japan’s three largest banking groups are reportedly considering jointly launching a stablecoin as institutional interest in the blockchain-based digital currency increases. According to a Friday report from Nikkei, Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group and Mizuho Financial Group will create a common framework for the issuance and transfer of stablecoins between their […]

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Coinbase and Binance among exchanges targeted for expanded AML checks by French regulator: Bloomberg

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France is targeting cryptocurrency exchanges by expanding anti-money laundering controls to determine which ones will benefit from a European Union (EU)-wide license, Bloomberg reported on Friday. Conbase (COIN) and Binance are among the exchanges under review, according to the report, which cited people familiar with the matter. The French Prudential Supervision and Resolution Authority (ACPR)

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Arthur Hayes-backed family office seeks $250 million to buy crypto services companies: Bloomberg

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Arthur Hayes’ family office Maelstrom plans to raise $250 million for a debut private equity fund targeting mid-sized crypto companies, according to a Bloomberg report published Friday. The fund plans to invest between $40 million and $75 million per deal, acquiring up to six companies focused on trading infrastructure, analytics and related services. Maelstrom looks

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9% Drop Amid Crypto Selloff Despite $2M Caliber Purchase

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The native token of the Oracle Chainlink network LINK$3:95 p.m. fell sharply on Friday, dropping nearly 9% to $16.46, its lowest price since last Friday’s crypto crash. The pullback occurred amid concentrated selling pressure, particularly between 6:00 a.m. and 8:00 a.m. ET on Friday, CoinDesk Research’s analysis model noted. A brief rally late in the

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Astra Nova raises $48.3M to expand Web3 and AI entertainment ecosystem

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AI-focused entertainment and Web3 infrastructure company Astra Nova has raised $48.3 million to expand its suite of tokenized content tools and creation platforms. The funding includes $41.6 million from a recent strategic round and builds on previous investments led by Outlier Ventures as well as family offices and institutional investors in Saudi Arabia, the United

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Your company’s balance sheet is doomed without Bitcoin

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The corporate treasury function, historically rooted in prudent cash management, is undergoing its greatest transformation in decades. The revolution really began with Michael Saylor at Strategy – which now owns over 3% of the total Bitcoin supply – but Strategy is no longer the only player in the Bitcoin treasury space. Estimates show that corporate

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Record Rally Generates $1 Billion Daily Trading Volume

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Gold-backed tokens hit a major milestone this week, surpassing $1 billion in daily trading volume for the first time thanks to the yellow metal’s record rally. Since the shutdown began on October 1, trading volume in tokenized gold commodities has surpassed $10 billion, surpassing that of BlackRock’s iShares Gold Trust (IAU), the world’s second-largest gold

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Huobi founder to start billion-dollar Ether treasury company

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Li Lin, founder of Huobi and chairman of Hong Kong-based Avenir Capital, is at the helm of a new billion-dollar ether. ETH$3,798.66 trust alongside several of Asia’s most influential early Ethereum investors, according to Bloomberg. The report, which cites people familiar with the matter, claims that Li teamed up with Fenbushi Capital co-founder Shen Bo,

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XLM down 6% amid strong selling pressure

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Stellar Lumens (XLM) faced notable institutional selling pressure between October 16 and 17, falling 6.25% from $0.32 to $0.30 during a 23-hour trading period. Trading volume surged to 89.11 million tokens, with peak liquidation occurring between 06:00 and 08:00 GMT on October 17. Analysts attributed the move to coordinated institutional profit-taking rather than retail panic,

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