The DeFi Education Fund (DEF) has urged the U.K.’s Financial Conduct Authority to adopt a narrow, functional definition of “control” as it finalizes new rules for crypto asset activities. The Washington, D.C.-based advocacy group argued that regulatory obligations should hinge on whether an entity has… Read More
Top cryptocurrency exchange Binance announced said Friday that it shall switch the stablecoin in its $1 billion emergency user protection fund to bitcoin over the next 30 days. The move targets the Secure asset Fund for Users (SAFU), which is a security fund created to… Read More
State Street and Galaxy Asset Management plan to launch a tokenized liquidity fund in early 2026 that uses stablecoins for around-the-clock investor flows, expanding the use of public blockchains in institutional cash management, the companies announced Wednesday. The State Street Galaxy Onchain Liquidity Sweep Fund,… Read More
Al Warda Investments, an investment vehicle overseen by the Abu Dhabi Investment Council (ADIC), more than tripled its holdings of BlackRock’s iShares Bitcoin Trust ETF (IBIT) in the third quarter as bitcoin BTC$91,630.84 headed toward October’s record high. The 230% increase took its investment to… Read More
Crypto derivatives startup Lighter has closed a $68 million funding round at a $1.5 billion valuation ahead of its token-generation event, backed by high-profile investors including Founders Fund, Ribbit Capital, Haun Ventures and Robinhood Markets, according to a Fortune report. Founded by Vladimir Novakovski, Lighter… Read More
Cryptocurrency-friendly investment firm Franklin Templeton introduced a blockchain-based money-market fund for professional investors in Hong Kong and said it’s also working on a version for retail investors as it looks to expand its footprint in Asia. The Franklin OnChain U.S. Government Money Fund invests in… Read More
