Author: Leah Starr Villalobos

The UK’s crypto rulebook is starting to look more real, and stablecoin issuers now have a clearer idea of what they are dealing with. The Financial Conduct Authority has finalised a major set of cryptoasset policy statements and cut a key proposed capital requirement for stablecoin issuance from 2% to 1%. That may sound like a narrow technical change, but it matters. Stablecoin regulation is where consumer protection, payments policy, competition, and crypto market structure all meet. For more details, visit the official Fca platform. TL;DR The FCA has reduced the coefficient for its stablecoin issuance capital requirement from 2%…

Kraken has started allowing eligible users to use select tokenized stocks and ETFs as collateral for futures and margin trading on Kraken Pro. The update gives traders a way to support leveraged crypto positions without selling those tokenized holdings first. Summary Kraken allows ten xStocks as collateral, widening capital use for eligible non-US traders globally today. Broad-market ETFs carry lower haircuts, while volatile names like MSTRx and HOODx receive higher discounts. Related coverage shows Kraken moving tokenized assets toward collateral, cash management and institutional credit products. The exchange said 10 xStocks assets are eligible at launch. The list includes SPYx,…

A pair of executive orders signed by President Trump on June 22 has pushed the quantum computing question from the research lab into the boardrooms of crypto exchanges, custodians and stablecoin issuers.  In a June 24 sector comment, Moody’s Ratings warned that the credit implications for digital assets are significant, and that the industry now faces pressure to prove it can defend the cryptography at its foundation. The orders make quantum computing and its security a strategic national priority. One directs the development of a quantum computer “powerful enough to initiate the era of quantum-enabled scientific discovery,” with system specifications…

The SEC and CFTC are asking for public comment on how portfolio margining frameworks could be better aligned, a technical but important move for derivatives desks that operate across both securities and commodities markets. For crypto, the story sits inside a bigger market-structure question. Digital asset derivatives have increasingly pushed U.S. regulators to think about how capital, clearing, margin, and risk rules fit together when products do not sit neatly in one old category. For more details, visit the official SEC platform. TL;DR The SEC and CFTC are seeking public comment on portfolio margining harmonization.The consultation focuses on capital efficiency…

Ledger co-founder Eric Larchevêque said a future where Bitcoin trades at $1 million, or even $10 million, may not be a healthy one. Wu Blockchain reported that he made the comments in a June 25 interview with When Shift Happens. Summary Larchevêque framed $1m Bitcoin as a stress signal, not just another bullish market price target. He said Bitcoin matters more when banks, currencies and governments fail to protect personal wealth. Crypto.news reports show debt fears, ETF flows and macro pressure still shape Bitcoin demand Larchevêque linked a high Bitcoin price to stress in the global money system. He said…

A new installment of Chain of Thought, the Brownstone Research newsletter written by Ben Lilly, argues that the battle over open-source artificial intelligence is following the same path Bitcoin walked a decade ago, and that investors who recognize the pattern stand to profit. The note opens with testimony that Anthropic CEO Dario Amodei gave to Congress in July 2023. Amodei acknowledged that open source is “a good thing” in most scientific fields and that the risks of open models released so far were “relatively limited,” but he warned that the scaling of open-source models was heading “down a very dangerous…

The Ethereum Foundation is making a more direct case to governments and institutions. A new guide from the foundation lays out how Ethereum and EVM-based infrastructure can be used as neutral digital rails for public-sector and institutional systems. The timing is important. Tokenization, stablecoins, digital identity, and government-backed pilots are all moving from conference topics into actual implementation work. Ethereum wants to be part of that infrastructure conversation rather than just the chain associated with DeFi and NFTs. For more details, visit the official Blog platform. TL;DR The Ethereum Foundation published a guide aimed at government and institutional implementations.The guide…

June delivered the worst month in the history of United States spot Bitcoin ETFs, with more than $4 billion pulled and 2026 flows turning negative for the first time. Over the same 2 weeks, the largest wallets on the network absorbed 270,000 BTC. One of these cohorts is going to be wrong, and the last 3 cycles say which one it usually is. Summary U.S. spot Bitcoin ETFs saw record June outflows, with more than $4 billion leaving as institutional risk appetite weakened. Whale wallets accumulated about 270,000 BTC worth $16.7 billion during the same period, signaling strong on-chain buying.…

Metaplanet crossed the 43,000 BTC threshold on July 2, a milestone that places the Tokyo-listed firm as the world’s third-largest corporate Bitcoin holder. The company now trails Strategy and Twenty One Capital across the global corporate ranking, and its climb underscores Japan’s role in the corporate Bitcoin accumulation race. Metaplanet acquired an additional 2,823 BTC during the second quarter of 2026, a purchase worth about $170.7 million. The buy brought total holdings to 43,000 BTC, valued near $2.6 billion. Shares of the company (ticker 3350) closed 3.5% higher at 207 yen ($1.28) on Thursday following the announcement. The average acquisition…

Tokenized yield products are continuing to move toward retail-facing crypto venues. MEXC has listed an Ondo Finance-linked yield asset on its spot market, giving traders another route into the growing market for blockchain-based exposure to traditional income products. The listing matters because Ondo has become one of the more visible names in the real-world asset sector, especially around tokenized Treasury-style products. For exchanges, adding these assets is a way to meet demand for yield products that sit somewhere between DeFi and traditional fixed-income exposure. For more details, visit the official Chainwire platform. TL;DR MEXC has listed an Ondo-linked tokenized yield…