Exclusive

Exclusive

Tech

Taurus Expands Institutional Footprint With Super Validator Role on Canton Network

The digital-asset infrastructure provider will help secure and govern the Canton Network while expanding custody services for institutions.

Stylized network of light focii covering Earth (geralt/Pixabay)

Policy

KuCoin Registers With Austrac to Operate in Australia, Adds Fiat On-Ramps

The registration comes as Australian regulators tighten scrutiny on offshore crypto platforms, with ASIC stating that many digital assets may require licensing to operate.

Parliament house, Canberra, Australia. (Unsplash)

Finance

Crypto Wallet Firm Exodus Buys Baanx and Monavate for $175M

The U.S.-listed wallet provider is acquiring W3C Corp, the parent company of crypto card and payments firms Baanx and Monavate.

A wallet full of credit cards

Finance

On-Chain Stocks Could Misprice Over Weekends, Triggering Arbitrage Risks: RedStone

This gap could create a "price dislocation" between on-chain and traditional markets, leading to potential losses or arbitrage opportunities.

Markets chart (Midjourney/Modified by CoinDesk)

Web3

'Liquidity Crisis': $12B in DeFi Liquidity Sits Idle as 95% of Capital Goes Unused

This inefficiency disproportionately affects retail liquidity providers, with 50% losing money due to impermanent loss, and net deficits exceeding $60 million, a new report finds.

CoinDesk

Finance

Turning ‘$11K to Half a Billion Dollars From Trading Memecoins’: Tales From a Crypto Wealth Manager

The chief of crypto-focused multi-family office Digital Ascension Group talks about his VIP services for wealthy holders of digital assets.

Jake Claver, CEO of Digital Ascension Group

Finance

Crypto Exchange Ripio Reveals $100M Crypto Treasury, Second Largest in Latin America

The company's holdings, which include bitcoin and ether, have been managed through trading and hedging strategies since 2017.

CoinDesk

Web3

DeFi Giant Spark Shelves Crypto App Plans to Focus on Institutional Infrastructure

The protocol will instead focus on "liquidity infrastructure and deals" such as its recent $1 billion investment into PayPal's PYUSD.

Cryptocurrency prices seen on phone and monitors. (Sajad Nori/Unsplash/Modified by CoinDesk)

Finance

'Permissionless Assets’: Robinhood’s 3-Phase Tokenization Plan to Disrupt TradFi

Robinhood is working on infrastructure developments, said Offchain Labs' A.J. Warner, including 24/7 trading, and leveraging technologies like Arbitrum Stylus for compatibility.

Robinhood website (PiggyBank/ Unsplash/ Modified by CoinDesk)

Finance

Obex Raises $37M to Build 'Y Combinator' for RWA-Backed Stablecoins, Led by Framework, Sky

The incubator aims to fund stablecoin projects backed by compute, energy and fintech credit using Sky's up to $2.5 billion commitment, Framework Ventures' Vance Spencer said in an interview.

Vance Spencer, co-founder of Framework Ventures (Framework Ventures)