Crypto
Stablecoins
Italian central bank calls for stablecoin regulations in new report
The Bank of Italy highlighted TerraUSD's collapse and Tether's lesser depeg.
Payments
Mastercard’s MTN network is groundbreaking, but crypto connection is unclear
MTN will first be used with tokenized bank deposits even though it utilizes blockchain.
Adoption
Vodafone confirms rumors of Cardano NFT plans
The telecom company's German arm plans to use the Cardano blockchain for its first NFT collection.
Tokenization
Revolut delists Cardano, Polygon, and Solana in US market
The SEC identified those assets as securities in cases against Coinbase and Binance.
Derivatives
CME Group to offer Ether/Bitcoin ratio futures in July
The derivatives marketplace will roll out the new investment product this summer, pending approval from regulators.
AI
BlackRock calls AI a ‘mega force’
The company's bullish AI statement comes weeks after its Bitcoin ETF filing.
Legal
FTX sues ex-compliance officer Daniel Friedberg
Friedberg allegedly misused company funds, created corporate entities and false agreements to hide that abuse, and suppressed whistleblowers' complaints.
KYC
KuCoin to introduce mandatory KYC, ending deposits for non-verified users
Existing users must complete a KYC check to add funds to their account, while new users must complete a check to access KuCoin's features at all.
Featured
Reclusive Binance co-founder Yi He speaks on SEC case
Yi He is a co-founder and major shareholder at Binance and has a close relationship with CEO Changpeng Zhao. Famous for keeping a low profile, she has broken her silence in an interview with Bloomberg.
Bankruptcy
FTX pauses sale of stake in AI firm Anthropic, once purchased for $500M
The planned sale was expected to conclude with a nine-figure deal.
Regulation
BitGo CEO says traditional financial firms will remain ‘mostly out’ of crypto
Mike Belshe highlighted regulatory challenges but said he believes crypto firms and traditional financial firms could create a stronger, derisked market together.
Regulation
Nevada asks for Prime Trust to be put in receivership, reports $82M deficit
The state regulator said in a court filing that Prime Trust asked to placed in receivership.