VanEck Flags Heavy Executive Dilution At Bitcoin Treasury Firm Metaplanet
TL;DR VanEck has taken a closer look at dilution inside Metaplanet’s Bitcoin treasury strategy. Its analysis points to executive option capacity equal to 22.4% of shares. The issue is not Metaplanet selling Bitcoin, but how much shareholder dilution could accompany the strategy. Metaplanet has become one of the most closely watched corporate Bitcoin buyers outside…
Bastion Wins Conditional OCC Approval For National Trust Bank Charter
TL;DR Bastion has received conditional OCC approval to form a national trust bank. The charter is non-depository and geared toward custody and digital asset services. The company still has pre-opening conditions to satisfy before it can fully operate. Bastion is moving closer to operating under a federal banking charter after receiving conditional approval from the…
Coinbase Files To Bring Single-Stock Perpetual Futures To US Market
TL;DR Coinbase Financial Markets has submitted a CFTC product filing for single-stock perpetual futures. Initial contracts cover Apple, Tesla and Nvidia. Trading is not live yet; the products remain in the regulatory process. Coinbase is taking another run at bringing a product long associated with offshore crypto exchanges into the regulated U.S. market. Coinbase Financial…
Binance Announces 24/7 FX Perpetuals With USD/BRL Contract Set For September 21
TL;DR Binance is moving into round-the-clock FX perpetual futures. The first announced contract is USD/BRL against USDT. Trading is scheduled to begin September 21 with leverage of up to 100x. Binance is taking the crypto perpetual model into another traditionally closed market: foreign exchange. Binance Futures has announced a new line of 24/7 FX perpetual…
dtcpay Completes $25M Series A As SBI Group Joins Stablecoin Payments Push
TL;DR Singapore payments company dtcpay has completed a $25 million Series A. Vertex Ventures led the original round, with SBI Group joining as a strategic investor. The capital will support expansion of stablecoin and merchant payment infrastructure. Singapore-based digital payments company dtcpay has completed a $25 million Series A, bringing Japan’s SBI Group onto its…
S&P Global Agrees To Acquire Smart Contract Security Firm OpenZeppelin
TL;DR S&P Global has agreed to acquire OpenZeppelin. OpenZeppelin is one of the best-known smart contract security and auditing firms in crypto. Financial terms were not disclosed, and the deal has not yet closed. One of traditional finance’s biggest risk-data companies is buying one of crypto’s best-known security firms. S&P Global has entered into a…
WisdomTree And MoonPay Expand US Access To Tokenized Funds
TL;DR WisdomTree is integrating MoonPay into its tokenized-fund platform. MoonPay says its ecosystem reaches more than 30 million registered accounts. The partnership includes access to WisdomTree’s WTGXX tokenized money market fund. WisdomTree is making it easier for retail users to reach its tokenized investment products by plugging MoonPay’s payment infrastructure directly into WisdomTree Prime. The…
World Rolls Out World Money App With Stablecoins And Stripe Integration
TL;DR Tools for Humanity has launched World Money. The self-custodial app combines stablecoins with Stripe-powered fiat onboarding. Some features remain restricted depending on region. World is expanding beyond identity and into a much broader financial app. Tools for Humanity, the company behind the World ecosystem, has launched World Money, a self-custodial wallet built around stablecoin…
Ondo’s Oasis Pro Joins DTCC Fund/SERV In Tokenized Fund Milestone
TL;DR Oasis Pro Markets has joined DTCC’s Fund/SERV network. It becomes Fund/SERV’s first member built specifically around tokenization. The integration connects tokenized fund distribution with existing U.S. fund infrastructure. Tokenized funds are getting a much more traditional piece of plumbing. DTCC has added Oasis Pro Markets, working with Ondo Finance, to its Fund/SERV network as…
FCA Targets Three London Premises In Illegal P2P Crypto Trading Crackdown
TL;DR The FCA, HMRC and Metropolitan Police inspected three London premises over suspected illegal crypto trading. Cease-and-desist notices were issued. The action involved unregistered P2P businesses, not licensed UK exchanges. The Financial Conduct Authority has stepped up its enforcement work against illegal peer-to-peer crypto trading in London. Working with HMRC and the Metropolitan Police, the…