Top Stories

UK FCA Opens Crypto Authorization Window With Feb. 28, 2027 Deadline

DogeOS Launches Public Testnet for Zero-Knowledge Rollup on Dogecoin

Base Cobalt Upgrade Brings Conditional Transactions and B20 Changes

Lloyds and Visa Settle $750K in USDC Across Borders in Under One Hour

CFTC Moves to Classify Event Contracts as Swaps, Challenging State Gambling Restrictions

Stripe Sets Open USD as Default Stablecoin for Business Payments

LIT Drops 17% as Robinhood Picks Bitstamp Over Lighter for U.S. Perpetuals

Bitcoin Holds Firm Against Rising Dollar, Traders Rethink Why
Editor's Picks

Bitcoin Holds Firm Against Rising Dollar, Traders Rethink Why

Altcoin Exchange Deposits Jump 160% in Two Weeks, Hitting 11-Month High

Stable Integrates Visa Direct for Global Bank and Mobile Wallet Payouts
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Markets

Uniswap Labs Plans OUSD Rewards Hook to Pull More Liquidity Into Protocol
Uniswap Labs is designing a rewards hook that would pipe OUSD yield incentives directly to liquidity providers through the protocol's native infrastructure, a move that could sharpen the DEX's edge in an increasingly competitive market for LP capital.

DogeOS Launches Public Testnet for Zero-Knowledge Rollup on Dogecoin
DogeOS activated its public testnet today, introducing a zero-knowledge rollup that gives Dogecoin full Ethereum Virtual Machine compatibility and positions DOGE as the network's native gas token.

Base Cobalt Upgrade Brings Conditional Transactions and B20 Changes
Base shipped the Cobalt upgrade today, introducing conditional transactions and modifications to the B20 token standard for tokenized stocks. The upgrade marks Base's third major protocol upgrade in 2026.

Lloyds and Visa Settle $750K in USDC Across Borders in Under One Hour
Lloyds Bank and Visa have completed a seven-day cross-border settlement pilot using USDC, moving $750,000 from Jersey to the United States in under an hour, including over the weekend when traditional banking infrastructure is offline.
Regulation

UK FCA Opens Crypto Authorization Window With Feb. 28, 2027 Deadline
The UK Financial Conduct Authority opened its crypto authorization application window today, giving crypto firms just under five months to submit applications before a February 28, 2027 deadline that determines whether they can continue operating when the new regulatory regime takes effect in...

CFTC Moves to Classify Event Contracts as Swaps, Challenging State Gambling Restrictions
The CFTC has submitted a formal rulemaking to classify event contracts as swaps under federal jurisdiction, challenging state gambling laws and bringing prediction markets under Dodd-Frank oversight. The move represents a significant federal assertion of authority over event-based derivatives.

SEC Sues Cryptoaiml and TSAI Over $15M AI Trading Scams
The SEC filed lawsuits against Cryptoaiml and TSAI in separate New York federal court filings, alleging both operated fraudulent investment schemes that stripped roughly $15 million from retail investors by falsely presenting AI-powered trading returns.

House Oversight Expands Insider Trading Probe to Hyperliquid, Crypto.com, and PredictIt
House Oversight Committee Chairman James Comer has issued formal information requests to Hyperliquid Labs, Crypto.com, and Aristotle Exchange, widening a congressional investigation into insider trading safeguards on prediction markets and crypto exchanges. The probe now targets five platforms...
DeFi

Abracadabra Proposes Winding Down MIM Stablecoin at 4 Cents on Dollar Amid $21M Bad Debt
Abracadabra Finance is proposing to shut down its Magic Internet Money stablecoin, offering holders roughly four cents for every dollar of face value. The protocol has identified only $900,000 in recoverable backing against $21 million in outstanding bad debt.

Aztec Labs Relaunches zk.money Privacy Wallet on Aztec Network
Aztec Labs has relaunched zk.money, a self-custodial privacy wallet for private on-chain payments, on Aztec Network after a three-year hiatus. The relaunch uses zero-knowledge cryptography to enable private transactions on an Ethereum Layer 2, but faces adoption hurdles and regulatory uncertainty.

Morgan Stanley Opens Digital Asset Lab to Test DeFi, Stablecoins, Tokenization
Morgan Stanley has established a dedicated Digital Asset Lab to experiment with blockchain-based financial products, deliberately isolating it from core systems. The lab focuses on DeFi vaults, stablecoins, and tokenization as institutional appetite for crypto infrastructure grows.

Amaze Holdings Executes Binding LOI to Acquire BullionFX Alchemy for $155M
Amaze Holdings (NYSE American: AMZE) executed a binding Letter of Intent to acquire BullionFX Alchemy at a $155 million valuation, betting that gold-collateralized DeFi infrastructure bridges traditional commodity markets and on-chain finance.
Technology

Nvidia Earnings Beat and $12.9B Hugging Face Deal Push Nasdaq Futures Up 1.1%
Nvidia stock jumped 7% in premarket trading Thursday after posting an earnings beat and announcing a $12.9 billion acquisition of Hugging Face. Nasdaq futures climbed 1.1% on the news, arriving ahead of the Federal Reserve's Jackson Hole Economic Symposium.

Mystery AI Model Ox Alpha Beats Claude Fable on Benchmarks, Creators Unknown
A new AI model called Ox Alpha has surfaced with no identifiable creators, a free price tag, and benchmark scores that outperform Anthropic's Claude Fable. The model ships with a 1 million token context window, accepts video as input, and is available at no cost.

Inception Labs' Mercury 2 Outperforms Google's DiffusionGemma in AI Showdown
Inception Labs released Mercury 2, an AI model that outperforms Google's DiffusionGemma while preserving model intelligence during the shift from sequential to parallel processing. The development marks a significant architectural transition in the post-autoregressive era.

Quantinuum Surges 13% on Nasdaq IPO Debut, Raising $1.68B
Quantinuum's shares opened at $68 on their first day of trading on Nasdaq, a 13% jump from the $60 IPO price, raising $1.68 billion in total proceeds and valuing the quantum computing company at approximately $17.63 billion market capitalization.
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