Day: 24 July 2025

Starting August 1, Hong Kong will enforce its new Stablecoin Ordinance, making it a criminal offence to offer or promote fiat-referenced stablecoins (FRS) to retail investors without a license. Under the law, violators face fines of up to 50,000 Hong Kong dollars (approximately $6,300) and imprisonment for up to six ...

Joe McCann, founder and CEO of crypto hedge fund Asymmetric Financial, is poised to become CEO of Accelerate, a newly announced Solana-focused treasury company targeting a $1.51 billion capital raise. According to investor presentation materials obtained by Unchained, Accelerate plans to go public through a SPAC merger with Gores X ...

Mara Holdings Inc.has successfully raised $850 million through a private convertible note offering. The capital will be used primarily to repurchase existing debt and purchase additional bitcoin, reinforcing the company’s position in the cryptocurrency market. The $850 million convertible note issuance was completed recently as part of Mara’s strategic financial ...

Solana developers have introduced a significant upgrade proposal, SIMD-0286, aimed at increasing the network's block capacity by 66%. This change would raise the block compute limit from the current 60 million Compute Units (CUs) to 100 million CUs, enabling higher transaction throughput and improved decentralised application (dApp) performance on the ...

Vert has announced a significant milestone in its strategy to deploy $500 million in tokenized private credit assets. At the heart of this initiative is the XRP Ledger, which serves as the core infrastructure for modernizing private credit markets through blockchain technology. The XRP Ledger will underpin Vert’s platform to ...

KeyCorp CEO Chris Gorman has voiced strong support for stablecoins, describing them as “faster, cheaper, and better” payment tools that offer clear advantages for the bank’s clients. Speaking on CNBC’s Squawk on the Street, Gorman emphasized the rising interest from both institutional and retail customers in integrating stablecoins into their ...

Two brothers educated at the Massachusetts Institute of Technology will stand trial after a federal judge refused to dismiss fraud charges against them in connection with a $25 million cryptocurrency heist from the Ethereum blockchain. On Wednesday, US District Judge Jessica Clarke ruled that prosecutors had sufficiently alleged that Anton ...

MoonPay, the fintech firm known for its crypto payments and Web3 infrastructure solutions, has launched a new liquid staking product for Solana holders, offering an annual yield of 8.49% on staked SOL tokens. The company announced on July 23 that users can now stake as little as $1 worth of ...

Pump.fun is facing intensified legal action after an amended class-action complaint filed in the Southern District of New York alleged it functioned like an unlicensed casino, extracting over $5.5 billion from users through deceptive digital asset schemes. The lawsuit, filed on Wednesday, names Pump.fun’s operators, including pseudonymous developer Bernie, parent ...

The Solana network has increased its block capacity by 20%, raising the limit to 60 million compute units (CUs), with plans to expand this even further before the end of 2025. Mert Mumtaz, co-founder and CEO of Solana infrastructure firm Helius, explained in an X post on Wednesday that the ...