Coinbase has expanded its reach beyond the United States with the official launch of Coinbase Business in Singapore, marking its first international rollout of the crypto operating platform. Key Takeaways: Coinbase launched its first international platform, Coinbase Business, in Singapore. The platform offers startups and SMBs instant USDC payments, global transfers, and integrated crypto management tools. The rollout builds on Coinbase’s collaboration with Singapore’s Monetary Authority (MAS) under ...

Core Insights - Japan's Financial Services Agency (FSA) is proposing new registration rules for crypto custodians and trading service providers to enhance oversight of the digital asset infrastructure [1][4][9] Regulatory Changes - A working group under the Financial System Council met to discuss the proposal, which mandates that all third-party custody and trading management firms register with regulators before offering services to crypto exchanges [3][4] - Exchanges will be required to use systems developed only by registered entities, addressing the current lack of similar regulations for external service providers [4][5] Security Concerns - The current framework requires crypto exchanges to safeguard deposits, but external service providers are not subject to the same rules, creating security vulnerabilities [5][9] - The urgency for these changes was highlighted by the DMM Bitcoin hack in 2024, where 48.2 billion yen ($312 million) worth of Bitcoin was stolen, exposing weaknesses in outsourced service oversight [5][6] Support for New Regulations - Most members of the working group support the new registration system, emphasizing the need for clearer regulations in the growing crypto ecosystem [6] - The FSA plans to compile a formal report and submit proposed amendments to the Financial Instruments and Exchange Act during the 2026 ordinary Diet session [6] Broader Digital Finance Agenda - The initiative aligns with Japan's efforts to balance innovation and investor protection, as evidenced by the recent approval of the first yen-backed stablecoin, JPYC, and a stablecoin pilot project involving Japan's three largest banks [7][8]

Core Insights - House of Doge Inc. has partnered with Brag House Holdings and U.S. Triestina Calcio 1918 for a multi-asset sponsorship that prominently features Dogecoin on the club's match jerseys, marking a significant milestone as the first cryptocurrency company to own a major stake in a professional football club [1][4] - The sponsorship aims to enhance the recognition of Dogecoin as a practical digital currency, integrating it into real-world applications such as ticketing and merchandise payments at the stadium [4][5] - The agreement will be active for the remainder of the 2025/26 season and the entire 2026/27 season, with the kit reveal and on-pitch debut pending final creative approvals [6] Company Overview - House of Doge is the official corporate arm of the Dogecoin Foundation, focused on promoting Dogecoin as a widely accepted decentralized currency and investing in infrastructure for its integration into everyday commerce [7] - Brag House is a media technology gaming platform that aims to transform casual gaming into a community-driven experience, connecting brands with the Gen Z demographic through gaming and social interaction [9] Sponsorship Details - Dogecoin will be featured as the main branding on Triestina's official match kits, with House of Doge branding appearing on sleeves and shorts [8] - The sponsorship includes visibility on in-stadium LED boards, promotional videos during matchdays, and branding on media backdrops for interviews [8]

Core Insights - Banxa Holdings Inc. has received regulatory approval for its European entity, EU Internet Ventures B.V (EUIV), under the EU's Markets in Crypto Assets (MiCA) framework, allowing it to operate as a Crypto Asset Service Provider across 30 EEA countries without needing additional authorisation [1][2][3] Regulatory Approval - EUIV has been compliant with MiCA standards since its registration with De Nederlandsche Bank (DNB) in 2020, focusing on anti-money laundering (AML) and counter-terrorist financing (CFT) obligations to protect investors [2] - The MiCA licence represents a significant milestone in Banxa's growth strategy, enhancing its international regulatory presence [3] Business Operations - Banxa serves as an infrastructure provider for embedded crypto, enabling businesses to integrate crypto into their platforms, thus facilitating opportunities in the digital economy [4] - The company operates with Money Transmitter Licences (MTL) in 37 US states, as well as in the UK, Canada, and Australia, indicating a robust regulatory framework [3] Strategic Vision - Banxa aims to create an environment where commerce is predominantly conducted using digital assets, reflecting its commitment to the future of digital finance [5]

Core Insights - Banxa Holdings Inc. has secured regulatory approval for the Markets in Crypto Assets (MiCA) license in the Netherlands, enabling it to operate as a regulated crypto asset service provider across the European Union, thereby expanding its global regulatory footprint [1][4][3] Regulatory Developments - The Netherlands has implemented a grandfathering regime allowing eligible crypto-asset service providers to continue operations temporarily without immediate MiCA authorization, with Banxa's subsidiary, EU Internet Ventures B.V., already registered with De Nederlandsche Bank since 2020 [2] - Banxa holds Money Transmitter Licences in 37 U.S. states, along with existing licenses in the UK, Canada, and Australia, reinforcing its commitment to compliant digital asset infrastructure [3] Business Growth and Transactions - The MiCA approval is seen as a significant step in Banxa's global compliance journey, particularly in the European market, which is crucial for digital asset innovation [4] - Banxa is progressing towards completing a plan of arrangement with OSL Group Limited, where the Purchaser will acquire all issued common shares of the Company for cash consideration of C$1.55 per Share [4][5] - As of now, Banxa has received change of control approval for money-transmitter licenses in 26 out of 37 U.S. states, with remaining approvals expected by October 31, 2025 [5] Future Steps - The hearing for the final order to approve the arrangement by the Supreme Court of British Columbia is anticipated to be scheduled soon after the Extraordinary General Meeting of the Purchaser's shareholders on October 22, 2025 [6]

Core Insights - Galaxy Digital has launched a new platform called GalaxyOne aimed at individual investors, positioning itself against established platforms like Kraken and Robinhood [1][2] - The platform targets accredited investors with features such as a premium yield product offering an 8% APY, while also providing a 4% APY through GalaxyOne Cash for non-accredited investors [3][4] - GalaxyOne is a result of Galaxy's acquisition of the retail-focused financial application Fierce for $12.5 million [5] Product Features - GalaxyOne includes a dedicated mobile app and aims to bridge the gap between institutional investors and individuals with less than $1,000 [2][3] - The premium yield product is exclusive to accredited investors, which constitutes approximately 12.6% of the U.S. population [3] - GalaxyOne Cash offers FDIC-insured high-yield cash deposit accounts, differentiating itself from traditional crypto exchange accounts [4] Market Positioning - The platform currently supports trading in three major digital assets: Bitcoin, Ethereum, and Solana, while also allowing access to thousands of U.S.-listed stocks and ETFs through commission-free brokerage accounts [4]

Core Insights - Circle is partnering with Deutsche Börse Group to enhance stablecoin adoption in European financial markets [1][2] - This collaboration is the first formal agreement of its kind in Europe, aiming to lower settlement risk, reduce costs, and improve workflows for banks and asset managers [2][4] Group 1: Partnership Details - The partnership will focus on integrating Circle's euro-backed EURC and USDC stablecoins into Deutsche Börse's trading platforms, including 360T [3] - Deutsche Börse's Clearstream will provide institutional-grade custody for the stablecoins, marking a step towards a unified ecosystem for digital and traditional assets [4] Group 2: Regulatory Context - The collaboration is facilitated by the European Union's Markets in Crypto-Assets (MiCA) regulation, which provides a clearer regulatory framework for stablecoins [5] - Other firms are also leveraging this regulatory clarity, with notable developments such as a consortium of major banks planning to create a MiCA-backed euro stablecoin [5] Group 3: Broader Trends - The integration of stablecoins is not limited to finance, as seen with Cloudflare's announcement of a NET Dollar for AI payments, indicating a wider trend towards stablecoin usage [6] - Circle continues to innovate, exploring features like reversible USDC transactions to enhance security against hacks and fraud [6]

Group 1 - Amber International Holding Ltd. has become the first Asia-based public company to offer its stock on-chain, trading as AMBRx on the Solana blockchain [2] - The tokenized stocks like AMBRx can be accessed alongside major companies such as Apple, Tesla, and Nvidia through the xStocks Alliance, which provides round-the-clock on-chain access to U.S. equities and ETFs [2] - The company raised $25.5 million through a private placement with participation from notable investors, including CP Group and Pantera Capital [3] Group 2 - Amber plans to use the raised funds to support strategic investments in high-potential cryptocurrencies such as Bitcoin, Ethereum, and Solana, as part of its $100 million crypto ecosystem reserve [3] - As a Singapore-based institutional crypto services provider, Amber is actively forming partnerships with other players in the crypto industry to enhance its influence and expand service offerings [4]

Core Insights - Virtune has successfully listed the Virtune Coinbase 50 Index ETP (VCOIN50) on Euronext Amsterdam and Paris, expanding its reach in the European market [1][2] - The VCOIN50 ETP is the first crypto Exchange Traded Product tracking the Coinbase 50 Europe index, developed by Coinbase and administered by MarketVector Indexes [3] - The ETP offers exposure to 21 crypto assets currently, with plans to expand to all 50 assets in the Coinbase 50 index, pending regulatory approvals [4] Product Details - The VCOIN50 ETP is physically backed by the underlying crypto assets and features institutional-grade custody provided by Coinbase [8] - The product is designed to provide diversified exposure to the crypto market, akin to the S&P 500 for traditional markets, and is rebalanced quarterly [5][6] - The management fee for the ETP is set at 0.95% per annum, and it trades in USD and EUR [9] Strategic Partnerships - Coinbase serves as the custodian for the VCOIN50 ETP, enhancing the product's credibility and security [2][6] - MarketVector Indexes is the index provider for the VCOIN50, combining expertise in index management with Virtune's regulated approach [7]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bakkt Holdings, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on June 2, 2025, and the potential for compensation without out-of-pocket costs [1][2]. Group 1: Class Action Details - The class action lawsuit against Bakkt alleges that the company made false or misleading statements regarding its crypto services revenue stability and diversity, and failed to disclose its dependence on a single contract with Webull [4]. - The lawsuit claims that Bakkt misrepresented its ability to maintain key client relationships, leading to materially misleading statements about its business and operations [4]. Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions, as many firms may not have the necessary experience or resources [3]. - Rosen Law Firm has a history of successful settlements, including the largest securities class action settlement against a Chinese company at the time, and has recovered hundreds of millions for investors [3].