Crypto News

Laser Digital, the cryptocurrency trading and servicing subsidiary of Japanese bank Nomura, secured a limited license to offer regulated, over-the-counter (OTC) crypto derivatives from Dubai under the Virtual Asset Regulatory Authority’s (VARA) pilot framework.Under this regime, Laser Digital says it is the first regulated entity under VARA to offer direct client-facing crypto OTC option services.As crypto derivatives ramp up around the globe, places like Dubai with its crypto-friendly regulatory framework, have become hot destinations for firms. For example, Deribit, the crypto derivatives platform recently acquired by Coinbase, also has Dubai plans in the works.“Crypto has become very Dubai-centered and there is this kind of hype around people moving into Dubai and the VARA regulatory environment,” said Johannes Woolard, head of...

Two of the largest U.S. Bitcoin mining giants took contrasting approaches to capital raising in Q2, with MARA ramping up equity issuance while Riot relied more on debt financing and Bitcoin sales. This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoinSource link

A recent study by Cryptoninjas shows that Generation Z leads in stablecoin usage, with 46% transacting monthly, compared to 30% of Millennials and 29% of Generation X. Current Adoption and Generational Divide Based on a new study by Cryptoninjas, about 53% of survey participants said they have already used stablecoins, while 39% were aware ofSource link

Michigan’s state pension fund tripled its exposure to Bitcoin in Q2, signaling growing institutional adoption despite recent ETF outflows.Source link

Investors withdrew money from U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) for the fourth consecutive trading day as U.S. service sector data raised the stagflation bogey.The 11 ETFs registered a cumulative net outflow of $196 million on Tuesday, with Fidelity's FBTC and BlackRock's IBIT accounting for the giant share of the tally, according to data source SoSoValue. The four-day outflow streak, the longest since April, began on Thursday when the ETFs bled $114.83 million, followed by $812.25 million on Friday and $333.19 million on Monday.The U.S. ISM Non-Manufacturing or services PMI released on Tuesday showed tariff-driven inflation, employment weakness and trade disruptions, all pointing to stagflation, the worst outcome for risk assets, including technology stocks and cryptocurrencies.The U.S. stocks dropped,...