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Revolut is launching a euro stablecoin into a market MiCA handed to an American company

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Revolut is launching a euro-backed stablecoin, according to Bloomberg, entering a market that European regulation has spent two years accidentally consolidating around a single American issuer.The neobank is also one of the 36 firms the ECB picked for its digital euro pilot, which means it is now building the private euro token and helping test […]

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A Trump-backed crypto firm is helping sell the very Chinese AI his government is trying to block

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A crypto venture backed by Donald Trump and his family is helping to bankroll a platform that resells artificial intelligence from Chinese companies the US government has blacklisted, an arrangement that sits awkwardly beside the administration’s own campaign to choke off China’s AI industry. Reuters reported on Monday that World Liberty Financial, the Trump-linked crypto […]

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Trump Media posts a $238m quarterly loss as its bitcoin bet sours

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Trump Media & Technology Group, the parent of Truth Social, reported a net loss of $238.1m for the second quarter of 2026, a figure that dwarfs the $20m loss it posted a year earlier and turns the company’s slow drift from social network to crypto holding vehicle into something close to a headline. Most of […]

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Hackers steal over $130 million by exploiting bug in offline hardware wallets

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A security vulnerability in the cryptocurrency hardware wallet Coldcard is allowing hackers to drain the crypto from victims’ wallets. The total losses amount to more than $130 million, according to blockchain monitoring firms.

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Trump-backed American Bitcoin posts $57m loss but grows its BTC treasury

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American Bitcoin lost money again in the second quarter, and kept buying bitcoin anyway. The Trump-family-backed miner reported a net loss of $57.2m for the three months to June, narrower than the $81.8m loss it booked the quarter before. Mining revenue rose 8% to $67m, and the company produced a record 932 bitcoin over the […]

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Trump reports about $1.4bn in crypto income as digital assets eclipse property

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Donald Trump earned about $1.4 billion from cryptocurrency ventures in 2025, according to the annual financial disclosure his administration filed with the US Office of Government Ethics on June 30, making digital assets the single largest source of income during his first full year back in the White House. The 927-page filing, released to the […]

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A 25-year-old just raised $180M to build a US bank from scratch

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Augustus has raised $180 million at a $1 billion valuation. Tiger Global led the round, the company announced on Tuesday. Hummingbird, QED, and the founders of Nubank, Ramp, Circle and Deel joined in. The startup has now raised $210 million in total. A bank, built from scratch Augustus wants to be what it calls the […]

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From Bitcoin trading to financial super apps: what nine years of Binance reveal about crypto exchange evolution

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Nine years later, Binance serves more than 316 million users across trading, payments, savings, tokenized securities, and traditional asset access. Its evolution from a spot cryptocurrency exchange into an integrated financial platform closely mirrors the broader maturation of the centralized exchange industry itself. A recent CoinDesk Research case study traces that transformation through five distinct phases, illustrating how […]

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Velocity raises $38M to move business money with stablecoins

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London fintech Velocity has raised a $38 million Series A to help businesses move money with stablecoins. The Velocity Series A, led by Dragonfly and FirstMark, brings the two-year-old company’s total funding to nearly $50 million. Velocity builds treasury and settlement infrastructure for companies that want to use stablecoins, the dollar-pegged tokens now spreading across […]

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