Crypto exchange Bybit has partnered with international hedge fund Imrat Group to launch a new product allowing traders to buy global stocks using USDT, the companies announced on Friday, May 23. The initiative brings traditional financial instruments—including U.S. stocks like Apple, Tesla, Nvidia, and Amazon—directly to crypto users without the need to convert digital assets…
U.S. stock markets turned sharply lower on Friday following fresh tariff threats from President Donald Trump targeting the European Union, reigniting global trade concerns and sending investors fleeing from risk assets. The Dow Jones Industrial Average dropped over 480 points, while the S&P 500 lost 1% and the Nasdaq Composite fell 1.2% in early trading….
Kazakhstan is moving to formally regulate its domestic crypto industry by licensing crypto exchanges that offer crypto-to-fiat conversion services, a major step toward legitimizing digital asset platforms under national law. According to Yerlan Ashykbekov, head of the National Bank’s payment systems department, these changes will introduce a new category of licensed service providers operating under…
Bitcoin-focused firm Strategy has announced plans to raise up to $2.1 billion through a Series A Perpetual Preferred Stock offering, reinforcing its commitment to expanding its already massive Bitcoin treasury. The preferred shares, which will pay a 10% annual dividend, will be issued gradually through “at-the-market” offerings under SEC Rule 415(a)(4). This method allows the…
A UK appellate judge has upheld a tribunal’s decision to strike out a key damages argument in the high-profile BSV Claims Ltd v. Binance and Kraken case, dealing a significant blow to the $13.3 billion class action launched on behalf of BSV investors. The court rejected the central claim that Bitcoin SV (BSV) could have…
Poste Italiane, Italy’s state-owned postal and financial services provider, could be instrumental in the final phase of the digital euro rollout, according to Piero Cipollone, a member of the European Central Bank (ECB) executive board. Speaking at an online event hosted by ASviS, Cipollone said that Poste Italiane’s massive client base and existing infrastructure make…
Binance and its former CEO Changpeng Zhao (CZ) have filed a motion to dismiss the $1.76 billion lawsuit brought by the FTX Recovery Trust, arguing that the U.S. court lacks jurisdiction and that FTX’s collapse was solely the fault of its own executives. In a court filing dated May 16 in Delaware, Binance and affiliated…
Global crypto exchange Kraken has officially launched a suite of regulated crypto derivatives products across Europe, marking a major milestone in its expansion into the region’s institutional digital asset market. The move comes as the exchange looks to offer more robust trading tools to meet the growing demand from professional investors. The derivatives offering will…
The U.S. Securities and Exchange Commission (SEC) has officially delayed its decision on four high-profile Solana exchange-traded fund (ETF) proposals, extending the review period to allow for further scrutiny and public input. The affected filings include those from Bitwise, 21Shares, VanEck, and Canary, all of which seek to launch spot Solana ETFs in the United…
In a surprising development, JPMorgan Chase, the largest bank in the United States, will begin offering its clients access to Bitcoin, according to CEO Jamie Dimon. Speaking at the firm’s annual investor day, Dimon told CNBC that while the bank won’t custody or directly hold Bitcoin, it will soon allow clients to view Bitcoin investments…