FM Crypto

12,000 Tiny Transfers Put Kraken's Compliance Controls to the Test A wallet linked to sanctioned exchange HTX flooded Kraken-linked addresses with thousands of near-worthless transfers, showing how a few cents of tainted crypto can force a regulated platform’s com... https://www.financemagnates.com/cryptocurrency/exchange/12000-tiny-transfers-put-krakens-compliance-controls-to-the-test/?tg=1787759705

MEXC to Offboard Dutch Users, Recommends Bybit as MiCAR-Compliant Alternative Europe’s post-MiCA client migration now has its first clearly signposted route: MEXC has recommended MiCAR-authorised Bybit EU to Dutch customers before ending services in the Netherlands. https://www.financemagnates.com/cryptocurrency/exchange/mexc-to-offboard-dutch-users-recommends-bybit-as-micar-compliant-alternative/?tg=1787688060

Gemini Wants Apex’s Crypto Prediction Flow. But Apex Already Has Kalshi Gemini is moving to turn its in-house prediction market infrastructure into a broker distribution business, ten days after Cameron Winklevoss called predictions “the largest near-term growth opport... https://www.financemagnates.com/cryptocurrency/exchange/gemini-wants-apexs-crypto-prediction-flow-but-apex-already-has-kalshi/?tg=1787600639

MEXC Targets Quant Traders With New RealStocks API Quantitative traders using MEXC's RealStocks received a tool that lets them automate trading and develop customised strategies for US equities. https://www.financemagnates.com/cryptocurrency/exchange/mexc-targets-quant-traders-with-new-realstocks-api/?tg=1787592300

Binance Creates Operating System for Agents as AI Trading Moves Beyond APIs Binance has launched Agent OS, a developer platform that brings AI agents closer to a full financial workflow rather than a single trading API. https://www.financemagnates.com/cryptocurrency/exchange/binance-creates-operating-system-for-agents-as-ai-trading-moves-beyond-apis/?tg=1787252760

FIX Calls for Standards as Retail Brokers Enter Tokenisation The FIX Trading Community has called for greater standardisation of tokenised assets, saying inconsistent data, workflows and market practices could slow wider adoption. https://www.financemagnates.com/cryptocurrency/fix-calls-for-standards-as-retail-brokers-enter-tokenisation/?tg=1787247150

Coinbase Routes Base App Users to Hyperliquid's Perps. No US Access Yet Base App was built around Coinbase's bet on crypto-native social features, but in reality, most users just need leverage. . Coinbase has integrated Hyperliquid's perpetual futures trading into Base... https://www.financemagnates.com/cryptocurrency/exchange/coinbase-routes-base-app-users-to-hyperliquids-perps-no-us-access-yet/?tg=1787172300

SEC's New Crypto Rule Lets Tokens Raise $75 Million And Eventually Stop Being Securities The SEC’s proposal makes it easier for crypto projects to raise money in the US and sets out a safe harbour under which a token can stop being treated as part of an investment contract. https://www.financemagnates.com/cryptocurrency/regulation/secs-new-crypto-rule-lets-tokens-raise-75-million-and-eventually-stop-being-securities/?tg=1787088060

Germany Leads MiCA Register With 22% of CASP Entities Germany accounts for 22% of active legal entities in the European Securities and Markets Authority's (ESMA) MiCA crypto-provider register, FM Intelligence research showed today (Tuesday). https://www.financemagnates.com/cryptocurrency/regulation/germany-leads-mica-register-with-22-of-casp-entities/?tg=1787084100

Bank of Russia Lets Brokers Count Crypto as Capital. Anything Off-List Is Treated as 100% Risk The central bank's draft rules recognise digital currencies as capital, but treat anything outside its approved perimeter as pure risk. https://www.financemagnates.com/cryptocurrency/regulation/bank-of-russia-lets-brokers-count-crypto-as-capital-anything-off-list-is-treated-as-100-risk/?tg=1787060902

Bitpanda Fined EUR 70,000 in Austria's First Published MiCAR Case Austria's Financial Market Authority (FMA) fined Bitpanda GmbH EUR 70,000 (about $81,000) for several breaches of the Markets in Crypto-Assets Regulation (MiCAR). https://www.financemagnates.com/cryptocurrency/regulation/bitpanda-fined-eur-70000-in-austrias-first-published-micar-case/?tg=1786952199

Gemini Calls the Segment That Brought In $500,000 Its Biggest Growth Opportunity Gemini's president is calling prediction markets the platform's biggest near-term growth driver. However the claim has yet to be reflected in the segment's revenue contribution. https://www.financemagnates.com/cryptocurrency/exchange/gemini-calls-the-segment-that-brought-in-500000-its-biggest-growth-opportunity/?tg=1786738061

RedotPay's IPO Slips Toward 2027 Amid Binance Suit and Executive Exodus RedotPay attributes the delay to regulatory approvals alone, leaving unresolved legal and leadership questions out of its own framing. https://www.financemagnates.com/cryptocurrency/redotpays-ipo-slips-toward-2027-amid-binance-suit-and-executive-exodus/?tg=1786730400

Binance Blocks HTX and EXMO. Sixteen Platforms Cut Off Amid Sanctions Push For brokers, part of the counterparty due diligence now happens upstream, as exchanges start filtering out sanctioned platforms before brokers have to. https://www.financemagnates.com/cryptocurrency/exchange/binance-blocks-htx-and-exmo-sixteen-platforms-cut-off-amid-sanctions-push/?tg=1786724171

Payward Revenue Grew 17% in Q2 as Trading Volume Fell 13% Payward, Inc., the parent company of Kraken, reported second-quarter adjusted revenue of $508 million, up 17% year over year, even as total platform transaction volume fell 13% to $310 billion. https://www.financemagnates.com/cryptocurrency/payward-revenue-grew-17-in-q2-as-trading-volume-fell-13/?tg=1786716300

From MiCA to GENIUS: Why Crypto's Next Regulatory Test Is Cross-Border Coordination The central debate in digital asset policy used to be whether to regulate at all. That question is now settled. MiCA's transitional period ended July 1st, 2026; the UK finalized its cryptoasset rul... https://www.financemagnates.com/cryptocurrency/from-mica-to-genius-why-cryptos-next-regulatory-test-is-cross-border-coordination/?tg=1786685356

Deribit to Route Most Spot Orders to Coinbase under New Dubai Licence Deribit has received a Broker-Dealer Licence from Dubai's Virtual Assets Regulatory Authority (VARA), allowing the Coinbase-owned crypto derivatives platform to route most spot orders to Coinbase E... https://www.financemagnates.com/cryptocurrency/exchange/deribit-to-route-most-spot-orders-to-coinbase-under-new-dubai-licence/?tg=1786652979

Bullish’s Non-Trading Revenue Overtakes Transaction Revenue as Crypto Sales Fall 44% Bullish’s second-quarter results show why crypto platforms have to diversify from crypto: digital asset sales fell sharply, while transaction revenue contributes less than 50% to the bottom line. https://www.financemagnates.com/cryptocurrency/exchange/bullishs-non-trading-revenue-overtakes-transaction-revenue-as-crypto-sales-fall-44/?tg=1786630113

Crypto.com Launches Tokenised US Stocks in Europe: Trading Opens Round the Clock European users of Crypto.com now have around-the-clock access to more than 1,500 tokenised US stocks and ETFs, the exchange said. . https://www.financemagnates.com/cryptocurrency/exchange/cryptocom-launches-tokenised-us-stocks-in-europe-trading-opens-round-the-clock/?tg=1786567800

ASIC Says Yepbit Falsely Blamed Regulator for Frozen Investor Funds ASIC warned investors against Yepbit today (Wednesday_ after receiving several reports of blocked withdrawals. The regulator said the purported crypto and futures platform falsely blamed ASIC for f... https://www.financemagnates.com/cryptocurrency/asic-says-yepbit-falsely-blamed-regulator-for-frozen-investor-funds/?tg=1786516836