Recent headlines from the sources AlphaScala monitors. AlphaScala analysis is published in the main market section.
Binance's bStocks hit $610.6M in market cap nine weeks after launch, overtaking Backed's xStocks. The tokenized stock sector now stands at $2.8B. Ondo Finance still leads with $951.8M.
Wintermute plans to invest $1 billion in HFT and AI data centers as crypto trading volumes fall. CEO Gaevoy targets 50% of revenue from traditional markets by 2027.
Six months after opening, Erebor Bank holds $4.6B in deposits and $100M in annualized revenue. The $9.5B valuation prices in unprecedented growth, but concentration risk and regulatory scrutiny remain open questions as the $1.5B funding round closes.
Average scam payment jumped 253% to $2,764 in 2025 as AI-enabled phishing became 4.5x more profitable, Chainalysis data shows. The shift in attack economics is reshaping crypto fraud.
Bitwise CIO Matt Hougan says crypto valuations could double as more protocols link token value to protocol revenue, citing Hyperliquid, Uniswap, Aave and Pump.fun.
A French couple was targeted three times by home invaders seeking €1 million in crypto they never owned. The attacks followed a dark web leak of the previous owners' personal data, highlighting a dangerous shift in crypto-related crime.
The SEC votes August 14 on Regulation Crypto, a 400-page proposal with three pathways for token issuance and a safe harbor for decentralized tokens. The vote is the first formal rulemaking after six years of enforcement.
Arizona's crypto ATM fraud law refunded $171,332 to 35 victims since Sept 2025. The law imposes transaction limits and refund obligations, diverging from states that ban kiosks entirely.
Bitwise CIO Matt Hougan expects crypto valuations to at least double as protocols like Hyperliquid, Uniswap, and Aave use revenue for token buybacks and burns.
Arizona's crypto ATM law has produced $171,332 in refunds for 35 scam victims since September. The recoveries offer the first concrete measure of how the state's consumer protection model works as other states ban kiosks outright.
Hyperion DeFi's Q2 net income tripled to $31M as its HYPE holdings rose to $133M. The treasury model cuts both ways: HYPE concentration drives both profit and risk.
Criminals used stale dark web data to target a French home, attacking the wrong owners. The case highlights physical security risks tied to crypto wealth leaks.
Arizona's attorney general recovered $171K for 35 scam victims under a 2025 refund law. Crypto ATM installations fell 31% globally and 44% in the U.S. as state, federal and international regulators tighten rules on cash-to-crypto kiosks.
The crypto lobbying group filed an amicus brief as Custodia takes its Fed account denial to the Supreme Court, setting up a key precedent for bank-like access.
Securitize's first post-SPAC earnings missed badly: $14.4M revenue vs $20.6M consensus, $2.37 loss per share. Tokenized AUM still hit a record $4.3B.
Zerohash will refile its OCC trust bank charter application after the OCC returned the July filing. The company expects to submit a revised application this month, aiming for a phased rollout.
A shareholder seeks court permission to sue former ASX directors for alleged breaches over the failed blockchain CHESS overhaul. ASX already paid a $14.4M penalty for misleading the market.
Binance launched VIP Earn, offering top-tier users 10-20% higher yields on BTC, ETH, USDT, BNB and 20+ tokens. The centralized yield hub aims to improve capital efficiency for institutional clients as part of a broader financial super app push.
Binance tells court it won't drop Singapore case. The $473 million dispute spans two jurisdictions, with the Hong Kong petition accusing RedotPay of diverting 470,000 card users.
Zerohash's setback in securing a national trust bank charter puts the OCC's crypto stance back in focus, with implications for Morgan Stanley and Mastercard partnerships.
Securitize reported Q2 revenue of $14.4M, missing $20.6M estimates, and a $2.37 loss per share. Platform AUM hit $4.3B, but monetization lags.
Zerohash's OCC trust bank charter application was returned as materially deficient. The Morgan Stanley partner will refile with a narrower scope this month, while facing a compliance whistleblower lawsuit.
Kraken's Prop program now offers 24/7 S&P 500 perpetuals with up to 5x leverage and funded accounts of $200k. The move signals deeper crypto-TradFi convergence.
Hawaii's Oct. 1 ban on cash-to-crypto kiosk deposits follows FBI data showing $3.85 million in losses from 92 resident complaints in 2025. Withdrawals and crypto-to-crypto swaps remain legal.
HashKey Exchange processes first HKDAP mint and redemption as Anchorpoint's beta stablecoin rollout targets institutions, with retail access possible by end of 2026.
Hyperion DeFi swung from a $36.8M loss to a record $31M profit on HYPE token gains, but the same mechanism could reverse just as fast. The Q2 earnings call on August 12 will show whether the rally held.
Bank groups support stablecoin-specific reporting but seek changes to weekly data requirements, including Treasury CUSIP details and tokenized asset classification. The OCC faces decisions on coordination with FDIC and timing.
The tokenized-asset platform saw shares drop 20% after a $21.7M net loss and a 5% revenue decline, reversing Q1's record growth and raising questions about the cost of being a public regulated-crypto company.
The SEC's August 12 no-action letter removes investment restrictions on Franklin's $360M FOBXX fund, opening the door for broader institutional capital flows into blockchain-native money market funds.
Wintermute is reportedly planning a $1B AI expansion beyond crypto, per Bloomberg. The plan would diversify into AI infrastructure, pending confirmation.