Multinational banking and financial services company DBS Bank collaborated with digital payment provider Ant International on a new blockchain-based treasury and liquidity management solution. On Aug. 13, DBS Bank announced the pilot launch of DBS Treasury Tokens, which Ant International will use for instant and multicurrency treasury and liquidity management. The new DBS Treasury Tokens…

Ethereum’s layer-2 scaling ecosystem has just reached a new daily transaction all-time high. According to data from Growthepie, an Ethereum layer-2 block space analytics platform, aggregated daily transactions across the scaling ecosystem hit a record 12.42 million on Aug. 12. Leon Waidmann, head of research at the Onchain Foundation, commented on the milestone in a post on X on…

As Web3 games continue to gain attention, OKX believes that a Web3 version of Steam — one of the most successful digital game distribution platforms in Web2 — is necessary to support the development of the crypto gaming ecosystem. In July, the company launched OKX GameSphere as part of its efforts to accelerate Web3 gaming….

The market for cryptocurrency exchange-traded funds (ETFs) will expand to encompass new types of digital assets as well as diversified crypto indexes, according to an executive at asset manager Grayscale Investments. “We’re going to see a number of more single asset products, and then also certainly some index based and diversified products,” Dave Lavalle, Grayscale’s…

Revenue earned by Bitcoin miners, primarily through block rewards and transaction fees, declined consistently over two weeks to record a new yearly low on Aug. 11. On Aug. 11, daily earnings of the Bitcoin mining community dipped to a new yearly low of $2.54 million, a number last seen in October 2023. The Bitcoin mining community…

Hong Kong is poised to enhance its digital asset regulation within the next 18 months, marking a significant step in its mission to become a global hub for financial technology. At the Foresight 2024 annual summit, David Chiu, a member of the Legislative Council of the Hong Kong Special Administrative Region (Technology and Innovation), outlined the city’s…

After gathering dust for months, applications to list options on spot Bitcoin exchange-traded funds (ETFs) are finally getting attention from regulators. Expect BTC ETF options to start trading on United States exchanges this year. Options on Ethereum ETFs will soon follow. Options are contracts that grant the right to buy or sell — “call” or “put” in…

Venezuela’s government has blocked access to crypto exchange Binance, social media platform X and other online services amid unrest over disputed presidential election results. On Aug. 9, local anti-censorship organization VE sin Filtro posted to X that it “detected a DNS block on the cryptocurrency exchange Binance, which affects the normal operation of its website and mobile…

Defunct cryptocurrency exchange Celsius has filed a lawsuit against Tether alleging misappropriation of assets and seeking approximately $3.5 billion in BTC returns, damages, and legal fees. Up front: Tether reports that Celsius, in its lawsuit, seeks the return of approximately $2.4 billion worth of BTC. However, publicly available court documents show that Celsius has asked the court…

The United States Securities and Exchange Commission (SEC) has settled fraud charges with electric vehicle company Ideanomics over financial reporting and “misleading the public about the company’s performance.” According to the SEC website, its investigation revealed that between 2017 and 2019, Ideanomics and several of its senior executives engaged in significant material misrepresentations about the company’s…