Market News
Tether Passes First-Ever Full Audit as KPMG Confirms $6.8B Surplus
The Big Four firm's audit covered $184 billion in USDT backing and included a physical count confirming roughly 150 tons of gold among Tether's reserves.
Binance Launches Agent OS to Connect AI Models Directly to Trading
The new infrastructure bridges tools like ChatGPT, Claude Code and Cursor with Binance's trading and wallet systems, pushing AI models toward active financial participation.
Pension Funds Begin Testing Crypto Exposure, Mostly Under 3% of Portfolios
A wave of disclosures from conservative, heavily regulated institutional investors marks what analysts call a legitimacy inflection point for crypto as an asset class.
DeFi Total Value Locked Has Fallen 39% This Year to $70 Billion
The decline from $115 billion in January reflects both the broader market correction and a series of major exploits that drained hundreds of millions from lending protocols.
Ledger Shelves IPO Plans, Explores Private Fundraising Instead
The hardware wallet maker joins Kraken in pausing near-term public listing ambitions as it waits for more favorable crypto market conditions.
Coinbase Picks Abu Dhabi as Hub for Global Tokenized Asset Push
The exchange secured a Financial Services Permission from Abu Dhabi's regulator to arrange and custody tokenized securities, establishing an international tokenization base outside the US.
tZero Presses Ahead With ICE-Backed US Listing
The digital asset infrastructure firm is working with banks to select an underwriter, with a funding round potentially preceding the public offering.
Kraken Pushes IPO Timeline to 2027 as Crypto Listings Stall
The exchange froze its confidential filing process earlier this year amid tough market conditions, joining a broader slowdown in the crypto IPO pipeline.
Kraken Parent Payward Posts 17% Revenue Growth Despite Softer Trading Volumes
Payward's adjusted second-quarter revenue rose even as trading activity on Kraken cooled, pointing to growing diversification beyond pure exchange fees.