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BitKE is a leading crypto and Web3 focussed media outlet in Africa publishing daily informative and investment news and content.
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INSTITUTIONAL |Europe’s Leading Trading Platforms Looking to Expand Crypto Services Via BitPandaLondon-listed trading platform, IG Group, plans to expand its cryptocurrency trading services across Europe through a partnership with Austrian crypto broker Bitpanda, as traditional financial firms deepen their push into digital assets under the EU’s new MiCA regulatory framework. IG, which launched crypto trading in the United Kingdom in 2025, said Bitpanda will provide the infrastructure, including liquidity, trading connectivity, and custody support for the European rollout. The companies did not disclose a launch timeline or financial terms. The move comes as traditional finance firms increasingly broaden their exposure to digital assets amid improving regulatory clarity in Europe. Bitpanda, which holds MiCA licenses in Germany and Malta, has been expanding its institutional business and recently launched ‘Vision Chain,’ a blockchain network aimed at tokenized assets for banks and fintechs.   European Union (EU) Officials Agree on MiCA Rules Referring to Them as ‘Landmark Rules to End Crypto Wild West’   IG Group is a leading global financial technology company and one of the world’s largest CFD (contract for difference) and retail trading providers. Founded in the 1970s and known for pioneering spread betting in Britain, IG operates in over 20 countries and serves around 1.3 million customers globally while generating over $1.5 billion. The company reported first-quarter 2026 revenue of $445 million with spot crypto trading contributing $3.2 million. The partnership adds to a broader wave of traditional financial institutions expanding into crypto services in 2026. Standard Chartered’s venture arm recently invested in crypto market maker, GSR, while custody giant, BNY, expanded digital asset services in Abu Dhabi. Bitpanda has also been positioning itself as a key infrastructure provider for European banks and fintechs ahead of a potential public listing according to earlier reports.   STABLECOINS | Financial Institutions and Corporate Treasury Teams Driving Stablecoin Adoption in Europe         Stay tuned to BitKE for deeper insights into the European crypto space. Join our WhatsApp channel here. Follow us on X for the latest posts and updates Join and interact with our Telegram community _________________________________________

INSTITUTIONAL |Europe’s Leading Trading Platforms Looking to Expand Crypto Services Via BitPanda

London-listed trading platform, IG Group, plans to expand its cryptocurrency trading services across Europe through a partnership with Austrian crypto broker Bitpanda, as traditional financial firms deepen their push into digital assets under the EU’s new MiCA regulatory framework.
IG, which launched crypto trading in the United Kingdom in 2025, said Bitpanda will provide the infrastructure, including
liquidity,
trading connectivity, and
custody support
for the European rollout.
The companies did not disclose a launch timeline or financial terms.
The move comes as traditional finance firms increasingly broaden their exposure to digital assets amid improving regulatory clarity in Europe. Bitpanda, which holds MiCA licenses in Germany and Malta, has been expanding its institutional business and recently launched ‘Vision Chain,’ a blockchain network aimed at tokenized assets for banks and fintechs.

European Union (EU) Officials Agree on MiCA Rules Referring to Them as ‘Landmark Rules to End Crypto Wild West’

IG Group is a leading global financial technology company and one of the world’s largest CFD (contract for difference) and retail trading providers. Founded in the 1970s and known for pioneering spread betting in Britain, IG operates in over 20 countries and serves around 1.3 million customers globally while generating over $1.5 billion. The company reported first-quarter 2026 revenue of $445 million with spot crypto trading contributing $3.2 million.
The partnership adds to a broader wave of traditional financial institutions expanding into crypto services in 2026. Standard Chartered’s venture arm recently invested in crypto market maker, GSR, while custody giant, BNY, expanded digital asset services in Abu Dhabi.
Bitpanda has also been positioning itself as a key infrastructure provider for European banks and fintechs ahead of a potential public listing according to earlier reports.

STABLECOINS | Financial Institutions and Corporate Treasury Teams Driving Stablecoin Adoption in Europe




Stay tuned to BitKE for deeper insights into the European crypto space.
Join our WhatsApp channel here.
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REGULATION | South Africa to Provide Clarity on Crypto Asset Transactions Activities Subject to C...The South Africa National Treasury has released a media statement stating that it is extending the deadline for public commentary on the draft Capital Flow Management Regulations 2026, former known as the The Exchange Control Regulations, 1961. The statement revealed that most of the concerns received since the publishing of the draft regulations on April 17 2026 ‘related to the treatment, possession and trade of crypto assets, specifically the potential restrictions on cross-border transactions.’   The regulator however made it clear that the draft regulations ‘do not intend to criminalise the possession of crypto assets, or to apply the regulations retrospectively.’   REGULATION | South Africa’s Draft Capital Flow Management Regulations, 2026, to Demand Limited Crypto Holdings, Mandatory Resales   The statement added: “A proposed cross-border crypto asset framework, in the form of a draft manual, will soon be released for public comment to complement the draft regulations. This draft manual will provide clarity on the proposed activities that would result in a crypto asset transaction being considered as cross-border and the transaction being subject to appropriate capital flow management measures.  The manual will also outline the obligations and responsibilities of authorised crypto asset service providers. The draft cross-border crypto asset framework is designed to enable lawful cross-border crypto asset transactions within clear guidelines, reducing uncertainty and protecting the integrity of the financial system under capital flow management framework. The Constitution protects various rights, including property rights, while also recognising that suspected illicit activities warrant the attention of the authorities.”   EXPERT OPINION | Oversight Should Focus Where it Matters Most, Says MoneyBadger on the South Africa Capital Flow Management Draft Regulations MoneyBadger urged Treasury to align the regulations more closely with a risk-based approach focused on high-impact cross-border… pic.twitter.com/HKGxMReyfD — BitKE (@BitcoinKE) April 28, 2026 In terms of undermining private ownership, the statement said: “The concerns that holders of crypto assets, or even other assets like gold or foreign currency, may in certain circumstances be requiried to sell these to the state or bans dealing in foreign exchange are misplaced. Any requirement to dispose of these assets would arise only under limited circumstances, such as where an offence has been committed. Further, there have been various exemptions and relaxation of exchange controls over the years, resulting in South Africas being able to legitimately externalise capital for foreign investment diversification or hold foreign assets in various forms. The current draft regulations are meant to strengthen the authorities’s abilities to detect, deter or disrupt illicit financial flows. The proposed framework will complement the regulatory regimes already implemented by the Financial Intelligence Center and the Financial Sector Conduct Authority.”   This latest update has received more positive commentary highlighting the need for clarity when it comes to crypto regulations.     According to Thomas N, a fintech expert: “These Regulations are also replacing exchange control rules that date back to 1961. South Africa is rewriting the foundational architecture of how capital moves across its borders. That doesn’t happen often. And it doesn’t happen quietly. The framework that gets finalised almost never reflects the draft. It reflects the conversations that happened during the comment period – who showed up, who submitted, who was already trusted in the room.”   The statement from the South Africa National Treasury follows industry backlash that saw the draft regulations as an overstretch when it comes to crypto regulations in the country.     EXPERT OPINION | Why South Africa Still Has Exchange Controls in 2026 and How Crypto is Getting Pulled Into It       Stay tuned to BitKE for updates into crypto regulation in Africa. Join our WhatsApp channel here. Follow us on X for the latest posts and updates Join and interact with our Telegram community _________________________________________

REGULATION | South Africa to Provide Clarity on Crypto Asset Transactions Activities Subject to C...

The South Africa National Treasury has released a media statement stating that it is extending the deadline for public commentary on the draft Capital Flow Management Regulations 2026, former known as the The Exchange Control Regulations, 1961.
The statement revealed that most of the concerns received since the publishing of the draft regulations on April 17 2026 ‘related to the treatment, possession and trade of crypto assets, specifically the potential restrictions on cross-border transactions.’

The regulator however made it clear that the draft regulations ‘do not intend to criminalise the possession of crypto assets, or to apply the regulations retrospectively.’

REGULATION | South Africa’s Draft Capital Flow Management Regulations, 2026, to Demand Limited Crypto Holdings, Mandatory Resales

The statement added:
“A proposed cross-border crypto asset framework, in the form of a draft manual, will soon be released for public comment to complement the draft regulations. This draft manual will provide clarity on the proposed activities that would result in a crypto asset transaction being considered as cross-border and the transaction being subject to appropriate capital flow management measures.
The manual will also outline the obligations and responsibilities of authorised crypto asset service providers. The draft cross-border crypto asset framework is designed to enable lawful cross-border crypto asset transactions within clear guidelines, reducing uncertainty and protecting the integrity of the financial system under capital flow management framework.
The Constitution protects various rights, including property rights, while also recognising that suspected illicit activities warrant the attention of the authorities.”

EXPERT OPINION | Oversight Should Focus Where it Matters Most, Says MoneyBadger on the South Africa Capital Flow Management Draft Regulations
MoneyBadger urged Treasury to align the regulations more closely with a risk-based approach focused on high-impact cross-border… pic.twitter.com/HKGxMReyfD
— BitKE (@BitcoinKE) April 28, 2026
In terms of undermining private ownership, the statement said:
“The concerns that holders of crypto assets, or even other assets like gold or foreign currency, may in certain circumstances be requiried to sell these to the state or bans dealing in foreign exchange are misplaced. Any requirement to dispose of these assets would arise only under limited circumstances, such as where an offence has been committed.
Further, there have been various exemptions and relaxation of exchange controls over the years, resulting in South Africas being able to legitimately externalise capital for foreign investment diversification or hold foreign assets in various forms.
The current draft regulations are meant to strengthen the authorities’s abilities to detect, deter or disrupt illicit financial flows. The proposed framework will complement the regulatory regimes already implemented by the Financial Intelligence Center and the Financial Sector Conduct Authority.”

This latest update has received more positive commentary highlighting the need for clarity when it comes to crypto regulations.


According to Thomas N, a fintech expert:
“These Regulations are also replacing exchange control rules that date back to 1961. South Africa is rewriting the foundational architecture of how capital moves across its borders. That doesn’t happen often. And it doesn’t happen quietly.
The framework that gets finalised almost never reflects the draft. It reflects the conversations that happened during the comment period – who showed up, who submitted, who was already trusted in the room.”

The statement from the South Africa National Treasury follows industry backlash that saw the draft regulations as an overstretch when it comes to crypto regulations in the country.


EXPERT OPINION | Why South Africa Still Has Exchange Controls in 2026 and How Crypto is Getting Pulled Into It



Stay tuned to BitKE for updates into crypto regulation in Africa.
Join our WhatsApp channel here.
Follow us on X for the latest posts and updates
Join and interact with our Telegram community
_________________________________________
Raksts
Skatīt tulkojumu
INSTITUTIONAL | SpaceX Discloses Bitcoin Holdings Making It a Top 10 Public Company HolderElon Musk’s SpaceX disclosed holding nearly 19,000 bitcoin worth about $1.4 billion in a long-awaited IPO filing revealing a far larger cryptocurrency position than previously estimated and underscoring the growing role of digital assets on corporate balance sheets. The rocket and satellite company said in its prospectus that it held 18,712 bitcoin as of the end of the first quarter, with a fair value of roughly $1.29 billion at the time. At current market prices, the holdings are valued at around $1.45 billion. The disclosure makes SpaceX one of the world’s largest known corporate bitcoin holders, surpassing crypto exchange Coinbase’s treasury holdings and trailing only a handful of publicly traded firms such as Strategy and Tesla.   MILESTONE | Strategy Surpasses 800, 000 Bitcoins After a Record Purchase   The filing comes as SpaceX prepares for what could become one of the largest public offerings in history, with media reports valuing the company at more than $1.5 trillion. SpaceX said it acquired the bitcoin at a total cost basis of about $661 million, implying an average purchase price of roughly $35,300 per token.     The company had long been rumored to hold bitcoin, though estimates from blockchain analytics firms had placed its stash closer to 8,000 BTC. The IPO filing marks the first official confirmation of the company’s crypto treasury position. The disclosure also highlights billionaire Elon Musk’s continued ties to the cryptocurrency sector. In 2021, Tesla purchased $1.5 billion worth of bitcoin and briefly accepted the token as payment for vehicles before later selling most of its holdings. Investor interest in crypto-related corporate treasuries has surged over the past year as bitcoin prices rallied and new accounting rules allowed companies to report digital assets at fair market value rather than at impairment-only valuations. Bitcoin traded near record highs above $77,000 as of this writing boosting the value of corporate holdings across the sector.     BITCOIN | America’s Largest Bank Says Bitcoin Dominance as Institutional Crypto Asset is Unlikey to Change         Stay tuned to BitKE for the latest Bitcoin updates. Join our WhatsApp channel here. Follow us on X for the latest posts and updates Join and interact with our Telegram community _________________________________________

INSTITUTIONAL | SpaceX Discloses Bitcoin Holdings Making It a Top 10 Public Company Holder

Elon Musk’s SpaceX disclosed holding nearly 19,000 bitcoin worth about $1.4 billion in a long-awaited IPO filing revealing a far larger cryptocurrency position than previously estimated and underscoring the growing role of digital assets on corporate balance sheets.
The rocket and satellite company said in its prospectus that it held 18,712 bitcoin as of the end of the first quarter, with a fair value of roughly $1.29 billion at the time. At current market prices, the holdings are valued at around $1.45 billion.
The disclosure makes SpaceX one of the world’s largest known corporate bitcoin holders, surpassing crypto exchange Coinbase’s treasury holdings and trailing only a handful of publicly traded firms such as Strategy and Tesla.

MILESTONE | Strategy Surpasses 800, 000 Bitcoins After a Record Purchase

The filing comes as SpaceX prepares for what could become one of the largest public offerings in history, with media reports valuing the company at more than $1.5 trillion.
SpaceX said it acquired the bitcoin at a total cost basis of about $661 million, implying an average purchase price of roughly $35,300 per token.


The company had long been rumored to hold bitcoin, though estimates from blockchain analytics firms had placed its stash closer to 8,000 BTC. The IPO filing marks the first official confirmation of the company’s crypto treasury position.
The disclosure also highlights billionaire Elon Musk’s continued ties to the cryptocurrency sector. In 2021, Tesla purchased $1.5 billion worth of bitcoin and briefly accepted the token as payment for vehicles before later selling most of its holdings.
Investor interest in crypto-related corporate treasuries has surged over the past year as bitcoin prices rallied and new accounting rules allowed companies to report digital assets at fair market value rather than at impairment-only valuations.
Bitcoin traded near record highs above $77,000 as of this writing boosting the value of corporate holdings across the sector.


BITCOIN | America’s Largest Bank Says Bitcoin Dominance as Institutional Crypto Asset is Unlikey to Change




Stay tuned to BitKE for the latest Bitcoin updates.
Join our WhatsApp channel here.
Follow us on X for the latest posts and updates
Join and interact with our Telegram community
_________________________________________
REGULĀCIJA | Federālā rezervju sistēma ierosina dot kripto firmām ierobežotu piekļuvi centrālās bankas maksājumiem...ASV Federālā rezervju sistēma ir ierosinājusi izveidot jaunu ierobežotu maksājumu kontu klasi, kas dotu fintech un kripto firmām ierobežotu piekļuvi centrālās bankas maksājumu infrastruktūrai, iezīmējot jaunāko pāreju Vašingtonas pieejā digitālās aktīvu kompānijām, kas meklē banku pakalpojumus. Priekšlikums ļautu atbilstošām firmām piekļūt Federālās rezerves maksājumu sistēmai un tieši pārskaitīt līdzekļus caur šo sistēmu, taču bez daudziem privilēģijām, kas piešķirtas tradicionālajām bankām. Konti nesniegs piekļuvi intradienas kredītam, procentiem par rezervēm vai Fed atlaides logam, saskaņā ar priekšlikumu.

REGULĀCIJA | Federālā rezervju sistēma ierosina dot kripto firmām ierobežotu piekļuvi centrālās bankas maksājumiem...

ASV Federālā rezervju sistēma ir ierosinājusi izveidot jaunu ierobežotu maksājumu kontu klasi, kas dotu fintech un kripto firmām ierobežotu piekļuvi centrālās bankas maksājumu infrastruktūrai, iezīmējot jaunāko pāreju Vašingtonas pieejā digitālās aktīvu kompānijām, kas meklē banku pakalpojumus.
Priekšlikums ļautu atbilstošām firmām piekļūt Federālās rezerves maksājumu sistēmai un tieši pārskaitīt līdzekļus caur šo sistēmu, taču bez daudziem privilēģijām, kas piešķirtas tradicionālajām bankām. Konti nesniegs piekļuvi intradienas kredītam, procentiem par rezervēm vai Fed atlaides logam, saskaņā ar priekšlikumu.
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FUNDING | Stablecoin Infrastructure Firm, Checker, Raises $8 Million to Expand Into Africa and Ot...Checker, a stablecoin infrastructure startup building tools for financial institutions, has raised $8 million in a funding round led by Galaxy Ventures, Al Mada Ventures and Framework Ventures. Additional investors included: Latin American financial firms Bitso and Airtm, Africa-focused investor DFS Lab Asian investors Onigiri Capital, SNZ Capital and Velocity, alongside angel investors from firms including: Stripe, Tala, Flutterwave, Mesh, ComplyAdvantage and Superstate. Checker said it offers a single API that enables banks, fintechs, and other financial institutions to access: stablecoin liquidity, cross-border payments, treasury services and credit products without integrating multiple providers.   STABLECOINS | The MasterCard $1.8 Billion BVNK Deal Signals the Importance of Underlying Stablecoin Infrastructure In 2025 alone, #BVNK reportedly processed over $30 billion in #stablecoin payments.#BVNK will power stablecoin capabilities across Mastercard’s payment… pic.twitter.com/JTPPNd6Nta — BitKE (@BitcoinKE) March 18, 2026 The startup said it is seeking to address fragmentation across digital asset markets where institutions often rely on a patchwork of liquidity providers, compliance systems, and payment rails to operate across jurisdictions.   “We have spent our careers dealing with the existing financial plumbing inside 24/7 global financial institutions,” Checker Co-Founder, Jack Chong, said in a statement. “We’ve experienced how broken it is, and know how much better it can and should be. This funding allows us to accelerate our mission to enable financial institutions from Brazil and Kenya, to Hong Kong and the United States, to transform how foreign exchange, payments, trading, and investment products are built. We are incredibly grateful for our customers’ and investors’ trust.”   Regarding artificial intelligence, Checker is developing AI agents for treasury and back-office operations. “The friction points in fiat on-ramps and off-ramps remain the hardest problem to solve,” says Omar Laalej, General Partner at Al Mada Checker. He claims Checker has addressed this issue by creating a programmable and compliant network.   CASE STUDY | This Asian Deal Signals Upcoming Market Demand at Scale for Stablecoin Infrastructure   Checker said it processed more than $3 billion in transaction volume in its first 12 months, representing roughly 1% of annual global B2B stablecoin payments volume. The company said it now serves more than 30 regulated financial institutions across the United States, Europe, Latin America, Africa and Asia. Clients include: Rail, a cross-border payments startup recently acquired by Ripple, Braza Bank in Brazil, and Belo in Argentina. The funding comes as investor interest in stablecoin infrastructure accelerates amid growing institutional adoption of tokenized payments and settlement systems. Analysts at Standard Chartered have projected the stablecoin market could grow to $2 trillion by 2028, while JPMorgan estimates the market may reach between $500 billion and $600 billion over the same period. Checker said it plans to use the new capital to: expand its payments infrastructure, deepen global currency coverage, and develop AI-powered tools for treasury management, compliance and operational workflows.     REPORT | Stablecoins Could Reshape African Payments But Face Infrastructure, Regulatory Hurdles, Says Onafriq Report       Stay tuned to BitKE on stablecoin developments across emerging markets. Join our WhatsApp channel here. Follow us on X for the latest posts and updates Join and interact with our Telegram community ___________________________________________

FUNDING | Stablecoin Infrastructure Firm, Checker, Raises $8 Million to Expand Into Africa and Ot...

Checker, a stablecoin infrastructure startup building tools for financial institutions, has raised $8 million in a funding round led by
Galaxy Ventures,
Al Mada Ventures and
Framework Ventures.
Additional investors included:
Latin American financial firms
Bitso and
Airtm,
Africa-focused investor
DFS Lab
Asian investors
Onigiri Capital,
SNZ Capital and
Velocity,
alongside angel investors from firms including:
Stripe,
Tala,
Flutterwave,
Mesh,
ComplyAdvantage and
Superstate.
Checker said it offers a single API that enables banks, fintechs, and other financial institutions to access:
stablecoin liquidity,
cross-border payments,
treasury services and
credit products
without integrating multiple providers.

STABLECOINS | The MasterCard $1.8 Billion BVNK Deal Signals the Importance of Underlying Stablecoin Infrastructure
In 2025 alone, #BVNK reportedly processed over $30 billion in #stablecoin payments.#BVNK will power stablecoin capabilities across Mastercard’s payment… pic.twitter.com/JTPPNd6Nta
— BitKE (@BitcoinKE) March 18, 2026
The startup said it is seeking to address fragmentation across digital asset markets where institutions often rely on a patchwork of liquidity providers, compliance systems, and payment rails to operate across jurisdictions.

“We have spent our careers dealing with the existing financial plumbing inside 24/7 global financial institutions,” Checker Co-Founder, Jack Chong, said in a statement.
“We’ve experienced how broken it is, and know how much better it can and should be.
This funding allows us to accelerate our mission to enable financial institutions from Brazil and Kenya, to Hong Kong and the United States, to transform how foreign exchange, payments, trading, and investment products are built. We are incredibly grateful for our customers’ and investors’ trust.”

Regarding artificial intelligence, Checker is developing AI agents for treasury and back-office operations.
“The friction points in fiat on-ramps and off-ramps remain the hardest problem to solve,” says Omar Laalej, General Partner at Al Mada Checker. He claims Checker has addressed this issue by creating a programmable and compliant network.

CASE STUDY | This Asian Deal Signals Upcoming Market Demand at Scale for Stablecoin Infrastructure

Checker said it processed more than $3 billion in transaction volume in its first 12 months, representing roughly 1% of annual global B2B stablecoin payments volume. The company said it now serves more than 30 regulated financial institutions across the United States, Europe, Latin America, Africa and Asia.
Clients include:
Rail, a cross-border payments startup recently acquired by Ripple,
Braza Bank in Brazil, and
Belo in Argentina.
The funding comes as investor interest in stablecoin infrastructure accelerates amid growing institutional adoption of tokenized payments and settlement systems. Analysts at Standard Chartered have projected the stablecoin market could grow to $2 trillion by 2028, while JPMorgan estimates the market may reach between $500 billion and $600 billion over the same period.
Checker said it plans to use the new capital to:
expand its payments infrastructure,
deepen global currency coverage, and
develop AI-powered tools
for treasury management, compliance and operational workflows.


REPORT | Stablecoins Could Reshape African Payments But Face Infrastructure, Regulatory Hurdles, Says Onafriq Report



Stay tuned to BitKE on stablecoin developments across emerging markets.
Join our WhatsApp channel here.
Follow us on X for the latest posts and updates
Join and interact with our Telegram community
___________________________________________
Skatīt tulkojumu
BITCOIN | America’s Largest Bank Says Bitcoin Dominance As Institutional Crypto Asset Is Unlikey ...JPMorgan has said Ethereum and the broader altcoin market are unlikely to close the performance gap with bitcoin unless the crypto industry sees a significant revival in network activity and real-world blockchain adoption, according to a research note. The bank said ether has continued to lag bitcoin both in price performance and institutional investor flows since the crypto market de-leveraging event in October 2025, highlighting weaker demand across decentralized finance and alternative blockchain ecosystems.   MILESTONE | Crypto Markets Record the Largest Single-Day Liquidation Event in History   Since the October 2025 liquidation event, spot Bitcoin ETFs have clawed back about two‑thirds of their outflows versus only about one‑third for spot ETH ETFs with CME futures data showing institutional bitcoin exposure nearly restored while ETH futures remain well below prior levels. Analysts at the Wall Street lender said that while Ethereum’s upcoming technical upgrades could improve scalability and lower transaction costs, previous network improvements have failed to generate a meaningful increase in on-chain activity or user adoption.   “Altcoins remain constrained by weak liquidity, shallow market depth and fading investor confidence,” JPMorgan said, adding that repeated protocol exploits, slowing DeFi growth and limited mainstream use cases continue to weigh on the sector.   INSTITUTIONAL | ‘DeFi Exploits, Limited Growth Are Holding Back Institutional Adoption,’ Says America’s Largest Bank   The comments come as bitcoin continues to dominate crypto market inflows during a period of macro-economic uncertainty and rising global interest rates. The bank highlighted spot ETFs as the clearest sign of this dominance saying altcoins ‘may continue to underperform Bitcoin (BTC)’ unless there is ‘meaningful improvement’ in network activity, decentralized finance (DeFi) adoption and real‑world applications. JPMorgan’s assessment reflects a broader debate within the crypto industry over whether alternative blockchain networks can generate sustained economic activity beyond speculation and token trading. The report also noted that institutional investors continue to favor bitcoin due to its perceived role as a macro hedge and store of value while many altcoin ecosystems have struggled to rebuild momentum following a series of hacks, declining token incentives, and reduced venture capital funding over the past year.   EXPERT OPINION | Crypto Has Split into 4 Major Segments @Bitwise CEO says the crypto market has effectively split into four major segments: stablecoins and payments, Bitcoin as a macro asset, tokenization and on-chain finance, and blockchain infrastructure. Bitwise CEO:… pic.twitter.com/fNtxmpOBgD — BitKE (@BitcoinKE) May 17, 2026 Ethereum supporters argue the network is positioning itself for long-term adoption through scaling upgrades, tokenization infrastructure, and enterprise blockchain applications. At the Consensus 2026 conference, several Ethereum ecosystem participants said market demand would eventually ‘catch up’ with the network’s technological development. JPMorgan however says upgrades alone will not rescue ETH’s relative trade. Unless Ethereum can reignite on‑chain activity and demonstrate that those flows translate into fee revenue and token demand, JPMorgan expects Bitcoin to keep leading both on price performance and in capturing the next leg of institutional inflows.   INSTITUTIONAL | Morgan Stanley’s Bitcoin ETF (MSBT) Debut Ranks it Among Top 1% ETF Launches       Stay tuned to BitKE on Bitcoin developments globally.  Join our WhatsApp channel here. Follow us on X for the latest posts and updates Join and interact with our Telegram community ___________________________________________

BITCOIN | America’s Largest Bank Says Bitcoin Dominance As Institutional Crypto Asset Is Unlikey ...

JPMorgan has said Ethereum and the broader altcoin market are unlikely to close the performance gap with bitcoin unless the crypto industry sees a significant revival in network activity and real-world blockchain adoption, according to a research note.
The bank said ether has continued to lag bitcoin both in price performance and institutional investor flows since the crypto market de-leveraging event in October 2025, highlighting weaker demand across decentralized finance and alternative blockchain ecosystems.

MILESTONE | Crypto Markets Record the Largest Single-Day Liquidation Event in History

Since the October 2025 liquidation event, spot Bitcoin ETFs have clawed back about two‑thirds of their outflows versus only about one‑third for spot ETH ETFs with CME futures data showing institutional bitcoin exposure nearly restored while ETH futures remain well below prior levels.
Analysts at the Wall Street lender said that while Ethereum’s upcoming technical upgrades could improve scalability and lower transaction costs, previous network improvements have failed to generate a meaningful increase in on-chain activity or user adoption.

“Altcoins remain constrained by weak liquidity, shallow market depth and fading investor confidence,” JPMorgan said, adding that repeated protocol exploits, slowing DeFi growth and limited mainstream use cases continue to weigh on the sector.

INSTITUTIONAL | ‘DeFi Exploits, Limited Growth Are Holding Back Institutional Adoption,’ Says America’s Largest Bank

The comments come as bitcoin continues to dominate crypto market inflows during a period of macro-economic uncertainty and rising global interest rates. The bank highlighted spot ETFs as the clearest sign of this dominance saying altcoins ‘may continue to underperform Bitcoin (BTC)’ unless there is ‘meaningful improvement’ in network activity, decentralized finance (DeFi) adoption and real‑world applications.
JPMorgan’s assessment reflects a broader debate within the crypto industry over whether alternative blockchain networks can generate sustained economic activity beyond speculation and token trading.
The report also noted that institutional investors continue to favor bitcoin due to its perceived role as a macro hedge and store of value while many altcoin ecosystems have struggled to rebuild momentum following
a series of hacks,
declining token incentives, and
reduced venture capital funding
over the past year.

EXPERT OPINION | Crypto Has Split into 4 Major Segments @Bitwise CEO says the crypto market has effectively split into four major segments:
stablecoins and payments, Bitcoin as a macro asset, tokenization and on-chain finance, and blockchain infrastructure.
Bitwise CEO:… pic.twitter.com/fNtxmpOBgD
— BitKE (@BitcoinKE) May 17, 2026
Ethereum supporters argue the network is positioning itself for long-term adoption through scaling upgrades, tokenization infrastructure, and enterprise blockchain applications. At the Consensus 2026 conference, several Ethereum ecosystem participants said market demand would eventually ‘catch up’ with the network’s technological development.
JPMorgan however says upgrades alone will not rescue ETH’s relative trade.
Unless Ethereum can reignite on‑chain activity and demonstrate that those flows translate into fee revenue and token demand, JPMorgan expects Bitcoin to keep leading both on price performance and in capturing the next leg of institutional inflows.

INSTITUTIONAL | Morgan Stanley’s Bitcoin ETF (MSBT) Debut Ranks it Among Top 1% ETF Launches



Stay tuned to BitKE on Bitcoin developments globally.
Join our WhatsApp channel here.
Follow us on X for the latest posts and updates
Join and interact with our Telegram community
___________________________________________
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This One Single App Accounted for Over 1/3 of All Application Revenue on Solana Blockchain in Q1 ...Solana memecoin launchpad platform, Pump.fun, generated more than a third of all application revenue on the Solana blockchain in the first quarter, underscoring how speculative retail trading continues to shape activity across crypto networks even as memecoin enthusiasm cools, according to a Q1 2026 report blockchain research firm, Messari. Pump.fun brought in roughly $124.7 million in revenue during the quarter, accounting for about 36% of the $342.2 million generated by Solana-based applications overall, the report showed. Interestingly, revenue at the platform rose 17% quarter-on-quarter despite a broader slowdown in memecoin trading activity.   2025 RECAP | 2025 Was the Deadliest Year on Record for Crypto Projects – Over Half Died Fueled By MemeCoins   The figures highlight a growing concentration of economic activity around a handful of speculative applications on public blockchains, particularly on Solana, where memecoin issuance and trading have become major drivers of transaction fees, liquidity flows, and retail participation. The development offers a case study into how crypto ecosystems are increasingly dependent on attention-driven applications to sustain user growth and revenue generation. While decentralized finance and tokenization narratives continue to mature, speculative trading infrastructure remains one of the largest monetization engines in crypto. Messari’s report showed Solana launchpads generated around $144 million in Q1 revenue, or roughly 42% of all application revenue on the network. Pump.fun remained the dominant player within that segment benefiting from its simplified token creation model and deep retail network effects. The platform’s rise also reflects a broader shift in crypto market structure where consumer-facing applications, rather than base-layer blockchains themselves, increasingly capture the bulk of value creation. Similar trends have emerged across stablecoin payments, perpetual futures trading, and token launch infrastructure.   STABLECOINS | Binance Dominates Over 60% of All Centralized Stablecoin Liquidity   Still, analysts say the model remains cyclical and highly dependent on retail speculation. Pump.fun’s growth comes after several months of declining memecoin activity following the sector’s explosive rally in late 2025. Earlier reports showed the platform’s revenues had previously fallen sharply as speculative appetite weakened and traders rotated into other crypto sectors. Even so, the platform has continued expanding its ecosystem. Pump.fun surpassed $1 billion in cumulative revenue earlier this year and has hinted at possible multi-chain expansion beyond Solana, according to industry reports. The case also highlights one of the defining tensions in crypto markets: whether ecosystems built heavily around speculative trading can evolve into more sustainable financial infrastructure. While memecoin-driven platforms generate significant revenue and user activity, critics argue that reliance on speculative flows leaves networks vulnerable to sharp downturns in sentiment and liquidity. Analysts have also raised concerns around insider trading, token manipulation, and sustainability as competition between launchpads intensifies. For Solana, however, the strategy has so far helped maintain one of the most active onchain retail ecosystems in crypto even amid declining asset prices and lower DeFi activity during the quarter.     REPORT | USDT Stablecoin Dominates the Crypto Lending Market with Over 73% Market Share       Sign up for BitKE alerts to get the latest updates on crypto globally. Join our WhatsApp channel here. Follow us on X for the latest posts and updates Join and interact with our Telegram community __________________________________

This One Single App Accounted for Over 1/3 of All Application Revenue on Solana Blockchain in Q1 ...

Solana memecoin launchpad platform, Pump.fun, generated more than a third of all application revenue on the Solana blockchain in the first quarter, underscoring how speculative retail trading continues to shape activity across crypto networks even as memecoin enthusiasm cools, according to a Q1 2026 report blockchain research firm, Messari.
Pump.fun brought in roughly $124.7 million in revenue during the quarter, accounting for about 36% of the $342.2 million generated by Solana-based applications overall, the report showed.
Interestingly, revenue at the platform rose 17% quarter-on-quarter despite a broader slowdown in memecoin trading activity.

2025 RECAP | 2025 Was the Deadliest Year on Record for Crypto Projects – Over Half Died Fueled By MemeCoins

The figures highlight a growing concentration of economic activity around a handful of speculative applications on public blockchains, particularly on Solana, where memecoin issuance and trading have become major drivers of transaction fees, liquidity flows, and retail participation.
The development offers a case study into how crypto ecosystems are increasingly dependent on attention-driven applications to sustain user growth and revenue generation. While decentralized finance and tokenization narratives continue to mature, speculative trading infrastructure remains one of the largest monetization engines in crypto.
Messari’s report showed Solana launchpads generated around $144 million in Q1 revenue, or roughly 42% of all application revenue on the network. Pump.fun remained the dominant player within that segment benefiting from its simplified token creation model and deep retail network effects.
The platform’s rise also reflects a broader shift in crypto market structure where consumer-facing applications, rather than base-layer blockchains themselves, increasingly capture the bulk of value creation. Similar trends have emerged across
stablecoin payments,
perpetual futures trading, and
token launch infrastructure.

STABLECOINS | Binance Dominates Over 60% of All Centralized Stablecoin Liquidity

Still, analysts say the model remains cyclical and highly dependent on retail speculation.
Pump.fun’s growth comes after several months of declining memecoin activity following the sector’s explosive rally in late 2025. Earlier reports showed the platform’s revenues had previously fallen sharply as speculative appetite weakened and traders rotated into other crypto sectors.
Even so, the platform has continued expanding its ecosystem. Pump.fun surpassed $1 billion in cumulative revenue earlier this year and has hinted at possible multi-chain expansion beyond Solana, according to industry reports.
The case also highlights one of the defining tensions in crypto markets: whether ecosystems built heavily around speculative trading can evolve into more sustainable financial infrastructure.
While memecoin-driven platforms generate significant revenue and user activity, critics argue that reliance on speculative flows leaves networks vulnerable to sharp downturns in sentiment and liquidity. Analysts have also raised concerns around insider trading, token manipulation, and sustainability as competition between launchpads intensifies.
For Solana, however, the strategy has so far helped maintain one of the most active onchain retail ecosystems in crypto even amid declining asset prices and lower DeFi activity during the quarter.


REPORT | USDT Stablecoin Dominates the Crypto Lending Market with Over 73% Market Share



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CASE STUDY | How Compliance Requirements Dismantled the Economics of This Bitcoin ATM FirmBitcoin ATM operator, Bitcoin Depot, has filed for Chapter 11 bankruptcy protection and shut down its network of more than 9,000 crypto kiosks marking one of the biggest collapses in the cryptocurrency ATM industry as regulators intensify scrutiny over fraud and compliance failures.     The Atlanta-based company, founded in 2016, said it had begun an ‘orderly wind-down’ of operations after evaluating all options and would seek to sell its assets through court-supervised proceedings in Texas. Chief Executive, Alex Holmes, said the company’s business model had become ‘unsustainable’ amid rising litigation, tighter state regulations and mounting compliance costs. Bitcoin Depot, which went public on Nasdaq in 2023 under the ticker, BTM, had rapidly expanded during the retail crypto boom by placing kiosks in gas stations, convenience stores, and pharmacies across North America. The machines allowed users to buy Bitcoin and other digital assets using cash, often charging transaction fees far above those offered by mainstream crypto apps. The company said several U.S. states had introduced stricter transaction limits, tougher licensing rules and, in some cases, outright bans on crypto ATMs. Regulators and law enforcement agencies have increasingly linked the kiosks to scams targeting elderly and vulnerable users.   REPORT | Crypto Scams Accounted for Most Costliest CyberCrimes in 2025, Says FBI Older Americans were hit hardest with those aged 60 and above losing roughly $4.4 billion while crypto ATM fraud also surged generating hundreds of millions in losses as scammers exploited… pic.twitter.com/Ibk6wMO5Uc — BitKE (@BitcoinKE) April 8, 2026 According to the FTC: “Consumers over the age of 60 were more than three times as likely as younger adults to report losing money to Bitcoin ATM scams. Across all ages, the median loss reported in the first half of this year was a staggering $10,000. The majority of scam losses involving Bitcoin ATMs come as a result of government impersonation, business impersonation, and tech support scams. The lies told by scammers vary, but they all create some urgent justification for consumers to take cash out of their bank accounts and put it into a Bitcoin ATM. As soon as consumers scan a QR code provided by scammers at the machine, their cash is deposited straight into the scammers’ crypto account.”   The numbers tell the story. Bitcoin ATM fraud totaled over $65 million in H1 2024 alone with the FBI recording over 13,000 complaints related to crypto kiosks with total reported losses at almost $400 million and a 10x increase since 2020.   REPORT | New FTC Data Shows Massive Increase in Losses to Bitcoin ATM Scams   According to Alex Holmes, CEO of Bitcoin Depot: “These developments have materially affected Bitcoin Depot’s business and financial position. Under these circumstances, the Company’s current business model is unsustainable.”   In an August 2025 notice by The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), virtual currency (CVC) kiosks or crypto ATMs, were identified for scam payments and other illicity activity.   The notice said: “CVC kiosk operators generally facilitate money transmission between a CVC exchanger and a customer’s CVC wallet or operate as a CVC exchanger themselves and, as such, are considered money services businesses (MSBs) under the BSA. CVC kiosk operators that meet their obligations under the BSA play a key role in combating fraud and other illicit activity. In some states, CVC kiosk operators may also be subject to state law designed to, among other things, deter illicit activity and protect customers from fraud, including by imposing additional requirements on businesses subject to those state laws.     The collapse follows a sharp deterioration in Bitcoin Depot’s finances. The company reported a nearly 50% decline in first-quarter revenue and swung to a $9.5 million net loss from a profit a year earlier. It also disclosed weaknesses in cash-handling controls and faced lawsuits alleging the machines facilitated fraudulent activity. Over time, Bitcoin Depot accrued over $20 million in litigation costs while stricter KYC controls cut transaction throughput while fraud warnings and lower limits reduced machine revenues. The compliance economics of charging a 20% on transaction fees were stripped out resulting in collapse. Industry observers say the bankruptcy underscores broader challenges facing crypto ATM operators whose growth has slowed since the 2022 crypto market crash and the collapse of firms such as FTX. Operators have also struggled to compete with mobile crypto platforms like Coinbase and cash transfer integrations that offer lower fees and stronger compliance systems. According to FBI data cited in recent reports, losses tied to crypto ATM fraud reached hundreds of millions of dollars in 2025 prompting lawmakers in several jurisdictions to push for tighter restrictions or bans on the machines.   CASE STUDY | How Spain’s Largest Crypto Exchange Pivot from Retail to Infrastructure for Banks and Law Enforcement is Proving Successful       Stay tuned to BitKE for insights into crypto crime globally. Join our WhatsApp channel here. Follow us on X for the latest posts and updates Join and interact with our Telegram community _________________________________________

CASE STUDY | How Compliance Requirements Dismantled the Economics of This Bitcoin ATM Firm

Bitcoin ATM operator, Bitcoin Depot, has filed for Chapter 11 bankruptcy protection and shut down its network of more than 9,000 crypto kiosks marking one of the biggest collapses in the cryptocurrency ATM industry as regulators intensify scrutiny over fraud and compliance failures.


The Atlanta-based company, founded in 2016, said it had begun an ‘orderly wind-down’ of operations after evaluating all options and would seek to sell its assets through court-supervised proceedings in Texas. Chief Executive, Alex Holmes, said the company’s business model had become ‘unsustainable’ amid
rising litigation,
tighter state regulations and
mounting compliance costs.
Bitcoin Depot, which went public on Nasdaq in 2023 under the ticker, BTM, had rapidly expanded during the retail crypto boom by placing kiosks in gas stations, convenience stores, and pharmacies across North America.
The machines allowed users to buy Bitcoin and other digital assets using cash, often charging transaction fees far above those offered by mainstream crypto apps.
The company said several U.S. states had introduced
stricter transaction limits,
tougher licensing rules and, in some cases,
outright bans on crypto ATMs.
Regulators and law enforcement agencies have increasingly linked the kiosks to scams targeting elderly and vulnerable users.

REPORT | Crypto Scams Accounted for Most Costliest CyberCrimes in 2025, Says FBI
Older Americans were hit hardest with those aged 60 and above losing roughly $4.4 billion while crypto ATM fraud also surged generating hundreds of millions in losses as scammers exploited… pic.twitter.com/Ibk6wMO5Uc
— BitKE (@BitcoinKE) April 8, 2026
According to the FTC:
“Consumers over the age of 60 were more than three times as likely as younger adults to report losing money to Bitcoin ATM scams. Across all ages, the median loss reported in the first half of this year was a staggering $10,000.
The majority of scam losses involving Bitcoin ATMs come as a result of government impersonation, business impersonation, and tech support scams. The lies told by scammers vary, but they all create some urgent justification for consumers to take cash out of their bank accounts and put it into a Bitcoin ATM. As soon as consumers scan a QR code provided by scammers at the machine, their cash is deposited straight into the scammers’ crypto account.”

The numbers tell the story. Bitcoin ATM fraud totaled over $65 million in H1 2024 alone with the FBI recording over 13,000 complaints related to crypto kiosks with total reported losses at almost $400 million and a 10x increase since 2020.

REPORT | New FTC Data Shows Massive Increase in Losses to Bitcoin ATM Scams

According to Alex Holmes, CEO of Bitcoin Depot:
“These developments have materially affected Bitcoin Depot’s business and financial position. Under these circumstances, the Company’s current business model is unsustainable.”

In an August 2025 notice by The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), virtual currency (CVC) kiosks or crypto ATMs, were identified for scam payments and other illicity activity.

The notice said:
“CVC kiosk operators generally facilitate money transmission between a CVC exchanger and a customer’s CVC wallet or operate as a CVC exchanger themselves and, as such, are considered money services businesses (MSBs) under the BSA.
CVC kiosk operators that meet their obligations under the BSA play a key role in combating fraud and other illicit activity.
In some states, CVC kiosk operators may also be subject to state law designed to, among other things, deter illicit activity and protect customers from fraud, including by imposing additional requirements on businesses subject to those state laws.


The collapse follows a sharp deterioration in Bitcoin Depot’s finances. The company reported a nearly 50% decline in first-quarter revenue and swung to a $9.5 million net loss from a profit a year earlier. It also disclosed weaknesses in cash-handling controls and faced lawsuits alleging the machines facilitated fraudulent activity.
Over time, Bitcoin Depot accrued over $20 million in litigation costs while stricter KYC controls cut transaction throughput while fraud warnings and lower limits reduced machine revenues. The compliance economics of charging a 20% on transaction fees were stripped out resulting in collapse.
Industry observers say the bankruptcy underscores broader challenges facing crypto ATM operators whose growth has slowed since the 2022 crypto market crash and the collapse of firms such as FTX. Operators have also struggled to compete with mobile crypto platforms like Coinbase and cash transfer integrations that offer lower fees and stronger compliance systems.
According to FBI data cited in recent reports, losses tied to crypto ATM fraud reached hundreds of millions of dollars in 2025 prompting lawmakers in several jurisdictions to push for tighter restrictions or bans on the machines.

CASE STUDY | How Spain’s Largest Crypto Exchange Pivot from Retail to Infrastructure for Banks and Law Enforcement is Proving Successful



Stay tuned to BitKE for insights into crypto crime globally.
Join our WhatsApp channel here.
Follow us on X for the latest posts and updates
Join and interact with our Telegram community
_________________________________________
Skatīt tulkojumu
CRYPTO CRIME | Nigeria Police Force Dismisses 5 Inspectors Over Alleged Kidnappings and Crypto TheftThe Nigeria police force has dismissed five inspectors over alleged involvement in kidnapping, armed robbery, extortion, and corruption in Rivers State as authorities intensify efforts to curb criminal activity and restore public trust in law enforcement. The officers were dismissed following internal disciplinary proceedings after investigators uncovered what police described as a criminal syndicate involving serving officers in Port Harcourt and surrounding areas, according to statements reported by Nigerian media. Prosecutors are expected to file charges within 30 days.   Placid, a Deputy Commissioner of Police, said the arrested police officers operated and were known for arresting and abducting victims, taking them to isolated locations, forcing them to unlock their mobile phone and extorting money running into several millions from them. “Investigation revealed that the suspects, while armed and operating in minibuses within Port Harcourt and its environs, routinely intercepted unsuspecting citizens during illegal stop-and-search operations, in the process forcefully seized their phones, coerced them into revealing banking details and PINs, and unlawfully transferred funds from their bank and cryptocurrency accounts.”   How a Ugandan Crypto Founder Was Abducted by Armed Impostors Stealing $500,000 in Shocking Heist @AfroTokenSUN alleges the involvement of a syndicate comprising informants, rogue security operatives, police, and Chinese businessmen. https://t.co/fVUItzvwoP @IvaibiFesto pic.twitter.com/XbxSuPZoma — BitKE (@BitcoinKE) June 7, 2025 The Nigeria Police Force said the officers’ actions represented ‘a grave betrayal’ of public trust and did not reflect the standards expected of the institution. The case also involved allegations of conspiracy, kidnapping, and official corruption, according to local reports.   In one incident, Placid explained: “The officers subsequently abducted the complainant and his cousin to an unknown location, where they forcefully transferred the sum of Four Million Five Hundred Thousand Naira (₦4,500,000.00) from his Opay account and One Thousand Seven Hundred and Forty-Two United States Dollars ($1,742 USD) from his cryptocurrency wallet. Investigation established that the total amount unlawfully obtained from the victim amounted to Seven Million Three Hundred and Thirty-Eight Thousand Eight Hundred Naira (₦7,338,800.00).”   The dismissals come as Nigeria and several other countries face rising concerns over violent crimes linked to digital assets and ransom-style attacks targeting crypto holders and wealthy individuals. A February report published by BitKE highlighted a surge in so-called ‘crypto wrench attacks’ in 2025 – incidents where criminals use threats, kidnapping, or physical violence to force victims to surrender access to cryptocurrency wallets rather than hacking them digitally.   2025 RECAP | Physical Wrench Attacks on Crypto Holders Surge 75% in 2025 Causing Millions in Losses, Says CertiK Report   Globally, security analysts and law enforcement agencies have warned that the growing visibility of crypto wealth has made holders increasingly vulnerable to coercion-based crimes. Recent cases in the United States and Europe have included kidnappings, home invasions, and violent robberies tied to attempts to steal digital assets. Nigeria has also struggled with longstanding concerns around police misconduct and organized criminal activity within parts of the security apparatus. The issue previously sparked nationwide protests under the #EndSARS movement which called for reforms to the now-disbanded Special Anti-Robbery Squad, a unit repeatedly accused of abuses including extortion and unlawful detentions.     Bitcoin Donations Are Among the Most Popular Payment Modes for Supporting The Nigerian #ENDSARS Campaign         Stay tuned to BitKE for insights into crypto crime across Africa. Join our WhatsApp channel here. Follow us on X for the latest posts and updates Join and interact with our Telegram community _________________________________________

CRYPTO CRIME | Nigeria Police Force Dismisses 5 Inspectors Over Alleged Kidnappings and Crypto Theft

The Nigeria police force has dismissed five inspectors over alleged involvement in kidnapping, armed robbery, extortion, and corruption in Rivers State as authorities intensify efforts to curb criminal activity and restore public trust in law enforcement.
The officers were dismissed following internal disciplinary proceedings after investigators uncovered what police described as a criminal syndicate involving serving officers in Port Harcourt and surrounding areas, according to statements reported by Nigerian media. Prosecutors are expected to file charges within 30 days.

Placid, a Deputy Commissioner of Police, said the arrested police officers operated and were known for arresting and abducting victims, taking them to isolated locations, forcing them to unlock their mobile phone and extorting money running into several millions from them.
“Investigation revealed that the suspects, while armed and operating in minibuses within Port Harcourt and its environs, routinely intercepted unsuspecting citizens during illegal stop-and-search operations, in the process forcefully seized their phones, coerced them into revealing banking details and PINs, and unlawfully transferred funds from their bank and cryptocurrency accounts.”

How a Ugandan Crypto Founder Was Abducted by Armed Impostors Stealing $500,000 in Shocking Heist @AfroTokenSUN alleges the involvement of a syndicate comprising informants, rogue security operatives, police, and Chinese businessmen. https://t.co/fVUItzvwoP @IvaibiFesto pic.twitter.com/XbxSuPZoma
— BitKE (@BitcoinKE) June 7, 2025
The Nigeria Police Force said the officers’ actions represented ‘a grave betrayal’ of public trust and did not reflect the standards expected of the institution. The case also involved allegations of conspiracy, kidnapping, and official corruption, according to local reports.

In one incident, Placid explained:
“The officers subsequently abducted the complainant and his cousin to an unknown location, where they forcefully transferred the sum of Four Million Five Hundred Thousand Naira (₦4,500,000.00) from his Opay account and One Thousand Seven Hundred and Forty-Two United States Dollars ($1,742 USD) from his cryptocurrency wallet.
Investigation established that the total amount unlawfully obtained from the victim amounted to Seven Million Three Hundred and Thirty-Eight Thousand Eight Hundred Naira (₦7,338,800.00).”

The dismissals come as Nigeria and several other countries face rising concerns over violent crimes linked to digital assets and ransom-style attacks targeting crypto holders and wealthy individuals.
A February report published by BitKE highlighted a surge in so-called ‘crypto wrench attacks’ in 2025 – incidents where criminals use threats, kidnapping, or physical violence to force victims to surrender access to cryptocurrency wallets rather than hacking them digitally.

2025 RECAP | Physical Wrench Attacks on Crypto Holders Surge 75% in 2025 Causing Millions in Losses, Says CertiK Report

Globally, security analysts and law enforcement agencies have warned that the growing visibility of crypto wealth has made holders increasingly vulnerable to coercion-based crimes. Recent cases in the United States and Europe have included kidnappings, home invasions, and violent robberies tied to attempts to steal digital assets.
Nigeria has also struggled with longstanding concerns around police misconduct and organized criminal activity within parts of the security apparatus. The issue previously sparked nationwide protests under the #EndSARS movement which called for reforms to the now-disbanded Special Anti-Robbery Squad, a unit repeatedly accused of abuses including extortion and unlawful detentions.


Bitcoin Donations Are Among the Most Popular Payment Modes for Supporting The Nigerian #ENDSARS Campaign




Stay tuned to BitKE for insights into crypto crime across Africa.
Join our WhatsApp channel here.
Follow us on X for the latest posts and updates
Join and interact with our Telegram community
_________________________________________
Raksts
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MILESTONE | DeFi Exchange Becomes First Platform to Offer On-Chain Perpetual Futures Tied to a Le...A decentralized finance (DeFi) exchange has become the first on-chain trading platform to offer perpetual futures tied to individual U.S. equities using live Nasdaq price data, marking another step in the growing convergence between traditional finance and crypto markets. The platform, Ostium, said it had launched equity perpetual contracts tracking major U.S. stocks, allowing global crypto traders to gain leveraged exposure to equities around the clock without directly holding the underlying shares. The products are powered by Nasdaq’s market data feeds, according to reports. As per the Ostium website, has already processed over $50 billion in cumulative volume across over 26,000 traders since its 2024 debut.     The move highlights how decentralized exchanges are increasingly trying to replicate and offer 24/7 exposure to traditional financial market infrastructure on-chain expanding beyond cryptocurrencies into tokenized real-world assets such as stocks, bonds, and commodities. Perpetual futures, widely used in crypto markets, allow traders to speculate on asset prices without expiration dates. Bringing those instruments to equities has long faced a major hurdle: reliable on-chain price discovery and settlement mechanisms tied to regulated financial markets. That challenge has become central to the broader tokenization industry, where banks, exchanges and blockchain firms are racing to bring traditional assets on-chain while ensuring that tokenized products accurately reflect off-chain market prices. According to analysis published by BitKE, one of the biggest obstacles facing tokenized finance is the lack of unified standards for pricing, accounting and reconciliation between on-chain assets and traditional financial systems.   EDITORIAL | Why Accounting and Price Discovery Remain the Biggest Hurdles to Capital Markets Tokenization   Equity perps now reportedly account for nearly 20% of the RWA perps market activity of over $75 billion, as per recent stats, with these products helping in price discovery as per recent Stork data.   “Pre-IPO perps in CBRS (Cerebras Systems) priced the stock almost perfectly in hours ahead of its opening trades on the Nasdaq,” Stork Labs said.   Equity perps are now nearly 20% of the #RWA perps markets, continuing growth that just two weeks ago crossed 10% for the first time since January 2026.@StorkOracle @RWAwatchlist_ #EquityPerps #OnChainPerps pic.twitter.com/eGpog8UCmL — BitKE (@BitcoinKE) May 19, 2026 The report noted that as tokenized equities and funds begin interacting more directly with public blockchains, firms are grappling with questions around valuation accuracy, liquidity fragmentation and how to maintain synchronized pricing across both traditional exchanges and decentralized markets. Industry participants have warned that without trusted data infrastructure, tokenized assets risk trading at persistent premiums or discounts to their real-world counterparts, undermining institutional confidence in the sector. The launch also comes amid rising institutional interest in tokenized financial products. Major firms including JPMorgan Chase, Nasdaq and crypto exchange, Kraken, have recently expanded efforts around tokenized stocks, on-chain funds, and blockchain-based market infrastructure.   INTRODUCING | The Largest Bank in the United States Launches On-Chain Yield Fund on #Ethereum The latest development won’t spell the end of #stablecoins or a #DeFi triumph. Instead, settlement rails will stay public and transparent, but the instruments running on them will… pic.twitter.com/JgZ7VZCZ3X — BitKE (@BitcoinKE) December 18, 2025   Analysts say the emergence of equity perpetuals on decentralized venues could further blur the lines between crypto-native trading and traditional capital markets particularly as traders seek 24-hour access to global assets outside conventional brokerage systems. The market for tokenized real-world assets has grown rapidly over the past two years with estimates cited by major financial institutions placing the sector at roughly $30 billion in on-chain value, spanning tokenized treasuries, funds, commodities and private credit instruments.   EXPERT OPINION | Tokenization Alone Will Not Fix Illiquid Assets, Say Industry Experts       Stay tuned to BitKE for deeper insights into tokenization globally. Join our WhatsApp channel here. Follow us on X for the latest posts and updates Join and interact with our Telegram community _________________________________________

MILESTONE | DeFi Exchange Becomes First Platform to Offer On-Chain Perpetual Futures Tied to a Le...

A decentralized finance (DeFi) exchange has become the first on-chain trading platform to offer perpetual futures tied to individual U.S. equities using live Nasdaq price data, marking another step in the growing convergence between traditional finance and crypto markets.
The platform, Ostium, said it had launched equity perpetual contracts tracking major U.S. stocks, allowing global crypto traders to gain leveraged exposure to equities around the clock without directly holding the underlying shares. The products are powered by Nasdaq’s market data feeds, according to reports.
As per the Ostium website, has already processed over $50 billion in cumulative volume across over 26,000 traders since its 2024 debut.


The move highlights how decentralized exchanges are increasingly trying to replicate and offer 24/7 exposure to traditional financial market infrastructure on-chain expanding beyond cryptocurrencies into tokenized real-world assets such as stocks, bonds, and commodities.
Perpetual futures, widely used in crypto markets, allow traders to speculate on asset prices without expiration dates. Bringing those instruments to equities has long faced a major hurdle: reliable on-chain price discovery and settlement mechanisms tied to regulated financial markets.
That challenge has become central to the broader tokenization industry, where banks, exchanges and blockchain firms are racing to bring traditional assets on-chain while ensuring that tokenized products accurately reflect off-chain market prices.
According to analysis published by BitKE, one of the biggest obstacles facing tokenized finance is the lack of unified standards for pricing, accounting and reconciliation between on-chain assets and traditional financial systems.

EDITORIAL | Why Accounting and Price Discovery Remain the Biggest Hurdles to Capital Markets Tokenization

Equity perps now reportedly account for nearly 20% of the RWA perps market activity of over $75 billion, as per recent stats, with these products helping in price discovery as per recent Stork data.

“Pre-IPO perps in CBRS (Cerebras Systems) priced the stock almost perfectly in hours ahead of its opening trades on the Nasdaq,” Stork Labs said.

Equity perps are now nearly 20% of the #RWA perps markets, continuing growth that just two weeks ago crossed 10% for the first time since January 2026.@StorkOracle @RWAwatchlist_ #EquityPerps #OnChainPerps pic.twitter.com/eGpog8UCmL
— BitKE (@BitcoinKE) May 19, 2026
The report noted that as tokenized equities and funds begin interacting more directly with public blockchains, firms are grappling with questions around valuation accuracy, liquidity fragmentation and how to maintain synchronized pricing across both traditional exchanges and decentralized markets.
Industry participants have warned that without trusted data infrastructure, tokenized assets risk trading at persistent premiums or discounts to their real-world counterparts, undermining institutional confidence in the sector.
The launch also comes amid rising institutional interest in tokenized financial products. Major firms including JPMorgan Chase, Nasdaq and crypto exchange, Kraken, have recently expanded efforts around tokenized stocks, on-chain funds, and blockchain-based market infrastructure.

INTRODUCING | The Largest Bank in the United States Launches On-Chain Yield Fund on #Ethereum
The latest development won’t spell the end of #stablecoins or a #DeFi triumph. Instead, settlement rails will stay public and transparent, but the instruments running on them will… pic.twitter.com/JgZ7VZCZ3X
— BitKE (@BitcoinKE) December 18, 2025

Analysts say the emergence of equity perpetuals on decentralized venues could further blur the lines between crypto-native trading and traditional capital markets particularly as traders seek 24-hour access to global assets outside conventional brokerage systems.
The market for tokenized real-world assets has grown rapidly over the past two years with estimates cited by major financial institutions placing the sector at roughly $30 billion in on-chain value, spanning tokenized treasuries, funds, commodities and private credit instruments.

EXPERT OPINION | Tokenization Alone Will Not Fix Illiquid Assets, Say Industry Experts



Stay tuned to BitKE for deeper insights into tokenization globally.
Join our WhatsApp channel here.
Follow us on X for the latest posts and updates
Join and interact with our Telegram community
_________________________________________
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REGULATION | Minnesota State Signs Law Permitting Banks, Credit Unions to Offer Crypto Custody Se...Minnesota Governor, Tim Walz, has signed a bill allowing state-chartered banks and credit unions to offer cryptocurrency custody services adding the state to a growing list of U.S. jurisdictions opening the door for traditional financial institutions to handle digital assets. The legislation, known as HF 3709, permits banks and credit unions in the state to provide virtual-currency custody services beginning Aug. 1, 2026, according to the Minnesota Legislature and reports from crypto news outlets. Under the law, institutions must maintain written policies covering risk management, internal controls, and cybersecurity before launching custody operations. They are also required to notify the Minnesota Commissioner of Commerce at least 60 days before beginning such services. Client assets must remain segregated from the institution’s own holdings. State Representative, Bernie Perryman, one of the bill’s sponsors, said the measure was designed to ensure Minnesota-based financial institutions can ‘evolve alongside their customers’ instead of forcing residents to rely on offshore or unregulated crypto firms. The move comes as U.S. regulators and banks increasingly revisit digital asset services following easing federal restrictions on crypto-related banking activities. The Office of the Comptroller of the Currency (OCC) earlier clarified that nationally chartered banks could engage in crypto custody activities provided they maintain appropriate risk controls.   REGULATION | The Office of the Comptroller of the Currency (OCC) Clears National Banks to Act as Intermediaries in Crypto Transactions   Traditional lenders have also been re-entering the sector. U.S. Bancorp, headquartered in Minneapolis, revived its institutional bitcoin custody service in 2025 after suspending it during a period of tighter regulatory scrutiny. Some traditional lenders however have been opposed to OCC’s move to grant national bank charters to crypto and fintech firms. The Bank Policy Institute (BPI), a lobbying group representing some of the largest U.S. banks, is considering legal action against the U.S. Office of the Comptroller of the Currency (OCC) arguing that the OCC has reinterpreted federal licensing rules in a way that could allow crypto companies to enter the U.S. banking system without the same level of oversight applied to traditional banks.   REGULATION | U.S. Banking Lobby Weighs Lawsuit Against OCC Over Crypto Trust Charters The lobby group argues that the OCC has reinterpreted federal #licensing rules in a way that could #allow crypto companies to enter the U.S. #banking system #without the same level of… pic.twitter.com/Jtp5RZsLq2 — BitKE (@BitcoinKE) March 10, 2026 Minnesota’s crypto custody approval comes alongside tougher rules elsewhere in the state’s digital asset market. The state recently passed separate legislation banning crypto ATMs and kiosks, citing concerns over fraud and money laundering.   REGULATION | Morgan Stanley, a Top 10 U.S Bank, Files for a Bank Charter to Custody and Trade Crypto       Want to keep up with the latest news and updates on crypto regulation globally? Join our WhatsApp channel here. Follow us on X for the latest posts and updates Join and interact with our Telegram community ___________________________________________

REGULATION | Minnesota State Signs Law Permitting Banks, Credit Unions to Offer Crypto Custody Se...

Minnesota Governor, Tim Walz, has signed a bill allowing state-chartered banks and credit unions to offer cryptocurrency custody services adding the state to a growing list of U.S. jurisdictions opening the door for traditional financial institutions to handle digital assets.
The legislation, known as HF 3709, permits banks and credit unions in the state to provide virtual-currency custody services beginning Aug. 1, 2026, according to the Minnesota Legislature and reports from crypto news outlets.
Under the law, institutions must maintain written policies covering risk management, internal controls, and cybersecurity before launching custody operations. They are also required to notify the Minnesota Commissioner of Commerce at least 60 days before beginning such services. Client assets must remain segregated from the institution’s own holdings.
State Representative, Bernie Perryman, one of the bill’s sponsors, said the measure was designed to ensure Minnesota-based financial institutions can ‘evolve alongside their customers’ instead of forcing residents to rely on offshore or unregulated crypto firms.
The move comes as U.S. regulators and banks increasingly revisit digital asset services following easing federal restrictions on crypto-related banking activities. The Office of the Comptroller of the Currency (OCC) earlier clarified that nationally chartered banks could engage in crypto custody activities provided they maintain appropriate risk controls.

REGULATION | The Office of the Comptroller of the Currency (OCC) Clears National Banks to Act as Intermediaries in Crypto Transactions

Traditional lenders have also been re-entering the sector. U.S. Bancorp, headquartered in Minneapolis, revived its institutional bitcoin custody service in 2025 after suspending it during a period of tighter regulatory scrutiny.
Some traditional lenders however have been opposed to OCC’s move to grant national bank charters to crypto and fintech firms.
The Bank Policy Institute (BPI), a lobbying group representing some of the largest U.S. banks, is considering legal action against the U.S. Office of the Comptroller of the Currency (OCC) arguing that the OCC has reinterpreted federal licensing rules in a way that could allow crypto companies to enter the U.S. banking system without the same level of oversight applied to traditional banks.

REGULATION | U.S. Banking Lobby Weighs Lawsuit Against OCC Over Crypto Trust Charters
The lobby group argues that the OCC has reinterpreted federal #licensing rules in a way that could #allow crypto companies to enter the U.S. #banking system #without the same level of… pic.twitter.com/Jtp5RZsLq2
— BitKE (@BitcoinKE) March 10, 2026
Minnesota’s crypto custody approval comes alongside tougher rules elsewhere in the state’s digital asset market. The state recently passed separate legislation banning crypto ATMs and kiosks, citing concerns over fraud and money laundering.

REGULATION | Morgan Stanley, a Top 10 U.S Bank, Files for a Bank Charter to Custody and Trade Crypto



Want to keep up with the latest news and updates on crypto regulation globally?
Join our WhatsApp channel here.
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Join and interact with our Telegram community
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STABLECOINS | Tether Invests in LemFi to Push USDT-Powered Remittances Across Africa and AsiaTether, the issuer of USDT, the world’s most widely used stablecoin, has announced an investment in cross-border payments platform, LemFi, to expand stablecoin-powered remittance services across emerging markets as Tether pushes deeper into real-world financial infrastructure. The investment will support the integration of Tether’s USDt stablecoin into LemFi’s remittance network which serves diaspora communities sending money between Europe, North America, Africa and Asia. By leveraging Tether’s deep liquidity and LemFi’s established presence across emerging markets, the two companies are setting a new standard for faster, more inclusive remittances, designed for today’s interconnected world.   REGULATION | LemFi Granted Legal Approval to Offer Remittance Services in Kenya – Boasts Zero Transfer Fees LemFi boasts no transfer fees, supports multiple currencies, and allows for international money transfers without the need for a bank account, allowing immigrants and… pic.twitter.com/LMaPW6pn00 — BitKE (@BitcoinKE) April 5, 2024 Financial terms of the deal were not disclosed. The partnership aims to reduce the cost and settlement times of cross-border transfers via on-chain payments instead of traditional banking rails such as SWIFT. Founded in 2020, LemFi has grown rapidly among migrant users seeking cheaper international money transfers and multi-currency accounts. The company recently surpassed 1 million users and processes more than $1 billion in monthly transaction volume, according to company statements.   Commenting on the milestone, Ridwan Olalere, CEO and Co-Founder, LemFi, said: “Tether’s investment is a significant milestone for us at LemFi, but more importantly, it is a validation of the direction we are heading. We have always believed that the financial system should work equally well for everyone, regardless of where they live or where they are sending money. Integrating USD₮ into our infrastructure brings us closer to that reality, enabling faster, cheaper, and more reliable financial services for the millions of people who depend on us every day.”   REPORT | Stablecoins Could Reshape African Payments But Face Infrastructure, Regulatory Hurdles, Says Onafriq Report   Tether CEO, Paolo Ardoino, said the investment aligns with the company’s strategy of expanding financial access through stablecoin infrastructure. “At Tether, our goal is to promote financial inclusion, and we are committed to working with platforms building scalable financial solutions that address the real needs of our 585 million users globally. Our investment in LemFi reflects our shared vision on how money moves across borders, prioritizing speed, cost, and transparency. By supporting LemFi’s growth and innovation roadmap, we are helping bring the benefits of a stable digital asset to more people who rely on remittances in their daily lives.”    STABLECOINS | Stablecoins Becoming Vital Financial Tools in Africa as Remittances Surpass Aid, Says Former UN Under-Secretary General   Africa’s fintech sector is increasingly embracing stablecoins as it seeks to streamline cross-border payments, overcome currency volatility, and offer faster, cheaper alternatives to traditional remittance and settlement channels. Stablecoins are gaining traction as fintech players look to bypass unreliable correspondent banking systems. In recent months, firms like PayStack, Flutterwave, and Onafriq (formerly MFS Africa) have ramped up their use of stablecoins to facilitate international payments and settlements across the continent.   Flutterwave, PayStack, Onafriq: Why Africa’s Fintech Sector is Turning to Stablecoins   The move comes as stablecoin issuers increasingly position digital dollars as a tool for remittances and payments in regions with high transfer costs and limited banking access. Africa remains one of the world’s most expensive remittance corridors, according to World Bank data.   REPORT | Sub-Saharan Africa Remains the Most Expensive Region for Sending Remittances, Says Latest World Bank Research       Stay tuned to BitKE on stablecoin developments across Africa. Join our WhatsApp channel here. Follow us on X for the latest posts and updates Join and interact with our Telegram community ___________________________________________

STABLECOINS | Tether Invests in LemFi to Push USDT-Powered Remittances Across Africa and Asia

Tether, the issuer of USDT, the world’s most widely used stablecoin, has announced an investment in cross-border payments platform, LemFi, to expand stablecoin-powered remittance services across emerging markets as Tether pushes deeper into real-world financial infrastructure.
The investment will support the integration of Tether’s USDt stablecoin into LemFi’s remittance network which serves diaspora communities sending money between Europe, North America, Africa and Asia.
By leveraging Tether’s deep liquidity and LemFi’s established presence across emerging markets, the two companies are setting a new standard for faster, more inclusive remittances, designed for today’s interconnected world.

REGULATION | LemFi Granted Legal Approval to Offer Remittance Services in Kenya – Boasts Zero Transfer Fees
LemFi boasts no transfer fees, supports multiple currencies, and allows for international money transfers without the need for a bank account, allowing immigrants and… pic.twitter.com/LMaPW6pn00
— BitKE (@BitcoinKE) April 5, 2024
Financial terms of the deal were not disclosed.
The partnership aims to reduce the cost and settlement times of cross-border transfers via on-chain payments instead of traditional banking rails such as SWIFT.
Founded in 2020, LemFi has grown rapidly among migrant users seeking cheaper international money transfers and multi-currency accounts. The company recently surpassed 1 million users and processes more than $1 billion in monthly transaction volume, according to company statements.

Commenting on the milestone, Ridwan Olalere, CEO and Co-Founder, LemFi, said:
“Tether’s investment is a significant milestone for us at LemFi, but more importantly, it is a validation of the direction we are heading. We have always believed that the financial system should work equally well for everyone, regardless of where they live or where they are sending money.
Integrating USD₮ into our infrastructure brings us closer to that reality, enabling faster, cheaper, and more reliable financial services for the millions of people who depend on us every day.”

REPORT | Stablecoins Could Reshape African Payments But Face Infrastructure, Regulatory Hurdles, Says Onafriq Report

Tether CEO, Paolo Ardoino, said the investment aligns with the company’s strategy of expanding financial access through stablecoin infrastructure.
“At Tether, our goal is to promote financial inclusion, and we are committed to working with platforms building scalable financial solutions that address the real needs of our 585 million users globally.
Our investment in LemFi reflects our shared vision on how money moves across borders, prioritizing speed, cost, and transparency. By supporting LemFi’s growth and innovation roadmap, we are helping bring the benefits of a stable digital asset to more people who rely on remittances in their daily lives.”

STABLECOINS | Stablecoins Becoming Vital Financial Tools in Africa as Remittances Surpass Aid, Says Former UN Under-Secretary General

Africa’s fintech sector is increasingly embracing stablecoins as it seeks to streamline cross-border payments, overcome currency volatility, and offer faster, cheaper alternatives to traditional remittance and settlement channels.
Stablecoins are gaining traction as fintech players look to bypass unreliable correspondent banking systems. In recent months, firms like PayStack, Flutterwave, and Onafriq (formerly MFS Africa) have ramped up their use of stablecoins to facilitate international payments and settlements across the continent.

Flutterwave, PayStack, Onafriq: Why Africa’s Fintech Sector is Turning to Stablecoins

The move comes as stablecoin issuers increasingly position digital dollars as a tool for remittances and payments in regions with high transfer costs and limited banking access. Africa remains one of the world’s most expensive remittance corridors, according to World Bank data.

REPORT | Sub-Saharan Africa Remains the Most Expensive Region for Sending Remittances, Says Latest World Bank Research



Stay tuned to BitKE on stablecoin developments across Africa.
Join our WhatsApp channel here.
Follow us on X for the latest posts and updates
Join and interact with our Telegram community
___________________________________________
INSTITUCIONĀLAIS | Dienvidkorejas 3. lielākā banka iegādājas daļu valstī lielākajā kriptovalūtu biržāDienvidkorejas Hana Finanšu Grupa iegūst 6.55% daļu kriptovalūtu biržas operatorā Dunamu, Upbit mātes uzņēmumā, par aptuveni 1 triljonu vonu (670 miljoni dolāru), kas ir viens no lielākajiem ieguldījumiem no tradicionālas Korejas bankas digitālo aktīvu sektorā. Darījums, ko apstiprinājusi Hana Bankas padome, ietver aptuveni 2.28 miljonu Dunamu akciju iegādi no Kakao Investment un tiek gaidīts, ka tas noslēgsies līdz 2026. gada vidum, saskaņā ar regulatīvajiem dokumentiem un vietējiem mediju ziņojumiem. Pēc darījuma Hana Bank kļūs par Dunamu ceturto lielāko akcionāru.

INSTITUCIONĀLAIS | Dienvidkorejas 3. lielākā banka iegādājas daļu valstī lielākajā kriptovalūtu biržā

Dienvidkorejas Hana Finanšu Grupa iegūst 6.55% daļu kriptovalūtu biržas operatorā Dunamu, Upbit mātes uzņēmumā, par aptuveni 1 triljonu vonu (670 miljoni dolāru), kas ir viens no lielākajiem ieguldījumiem no tradicionālas Korejas bankas digitālo aktīvu sektorā.
Darījums, ko apstiprinājusi Hana Bankas padome, ietver aptuveni 2.28 miljonu Dunamu akciju iegādi no Kakao Investment un tiek gaidīts, ka tas noslēgsies līdz 2026. gada vidum, saskaņā ar regulatīvajiem dokumentiem un vietējiem mediju ziņojumiem. Pēc darījuma Hana Bank kļūs par Dunamu ceturto lielāko akcionāru.
Raksts
STABILCOINS | Dienvidkorejas lielākā banka veiksmīgi pabeidz vietējā stabilcoina pilotprojektuKB Finanšu Grupa, KB Kookmin mātes uzņēmums, kas ir lielākā banka Dienvidkorejā, ir paziņojusi par pilotprojekta pabeigšanu, testējot Won denominētu stabilcoin offline maksājumiem un pārrobežu sūtījumiem, jo valsts finanšu sektors steidzas sagatavoties jaunajai digitālo aktīvu likumdošanai, kas gaidāma vēlāk 2026. gadā. Banku grupa teica, ka pierādījuma koncepcija aptvēra pilnu maksājumu ciklu, tostarp stabilcoin izdošana, offline QR-koda maksājumi, tirgotāja norēķini un ārvalstu pārskaitījumi.

STABILCOINS | Dienvidkorejas lielākā banka veiksmīgi pabeidz vietējā stabilcoina pilotprojektu

KB Finanšu Grupa, KB Kookmin mātes uzņēmums, kas ir lielākā banka Dienvidkorejā, ir paziņojusi par pilotprojekta pabeigšanu, testējot Won denominētu stabilcoin offline maksājumiem un pārrobežu sūtījumiem, jo valsts finanšu sektors steidzas sagatavoties jaunajai digitālo aktīvu likumdošanai, kas gaidāma vēlāk 2026. gadā.
Banku grupa teica, ka pierādījuma koncepcija aptvēra pilnu maksājumu ciklu, tostarp
stabilcoin izdošana,
offline QR-koda maksājumi,
tirgotāja norēķini un
ārvalstu pārskaitījumi.
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INSTITUTIONAL | Italy’s Biggest Bank More Than Doubles Exposure to Crypto Assets in Q1 2026Italy’s biggest bank, Intesa Sanpaolo, more than doubled its exposure to crypto-related assets in the first quarter of 2026 increasing holdings to about $235 million from roughly $100 million at the end of 2025, according to reports citing the lender’s latest portfolio disclosures. The Milan-based bank expanded its positions in Bitcoin-linked exchange-traded funds while also adding exposure to Ethereum and XRP products for the first time, underscoring growing institutional interest in digital assets among European financial firms. The filings showed Intesa increased its holdings in the ARK 21Shares Bitcoin ETF and iShares Bitcoin Trust during the quarter.   STABLECOINS | Financial Institutions and Corporate Treasury Teams Driving Stablecoin Adoption in Europe   The bank also initiated a position in the iShares Staked Ethereum Trust, and acquired shares in the Grayscale XRP Trust valued at around $18 million, according to the reports. At the same time, the bank sharply reduced its exposure to Solana-linked products, signaling a broader rebalancing toward larger and more established digital assets such as Bitcoin and Ethereum. The move comes as traditional European lenders increasingly explore crypto and blockchain-related businesses following the rollout of Europe’s Markets in Crypto-Assets (MiCA) regulatory framework, which has provided clearer rules for institutional participation in digital asset markets. Intesa’s latest expansion adds to a growing list of global banks and asset managers increasing exposure to digital assets through regulated investment vehicles rather than holding cryptocurrencies directly.   CASE STUDY | How Spain’s Largest Crypto Exchange Pivot from Retail to Infrastructure for Banks and Law Enforcement is Proving Successful       Stay tuned to BitKE on crypto developments in Europe. Join our WhatsApp channel here. Follow us on X for the latest posts and updates Join and interact with our Telegram community ___________________________________________

INSTITUTIONAL | Italy’s Biggest Bank More Than Doubles Exposure to Crypto Assets in Q1 2026

Italy’s biggest bank, Intesa Sanpaolo, more than doubled its exposure to crypto-related assets in the first quarter of 2026 increasing holdings to about $235 million from roughly $100 million at the end of 2025, according to reports citing the lender’s latest portfolio disclosures.
The Milan-based bank expanded its positions in Bitcoin-linked exchange-traded funds while also adding exposure to Ethereum and XRP products for the first time, underscoring growing institutional interest in digital assets among European financial firms.
The filings showed Intesa increased its holdings in the
ARK 21Shares Bitcoin ETF and
iShares Bitcoin Trust
during the quarter.

STABLECOINS | Financial Institutions and Corporate Treasury Teams Driving Stablecoin Adoption in Europe

The bank also initiated a position in the
iShares Staked Ethereum Trust, and acquired shares in the
Grayscale XRP Trust
valued at around $18 million, according to the reports.
At the same time, the bank sharply reduced its exposure to Solana-linked products, signaling a broader rebalancing toward larger and more established digital assets such as Bitcoin and Ethereum.
The move comes as traditional European lenders increasingly explore crypto and blockchain-related businesses following the rollout of Europe’s Markets in Crypto-Assets (MiCA) regulatory framework, which has provided clearer rules for institutional participation in digital asset markets.
Intesa’s latest expansion adds to a growing list of global banks and asset managers increasing exposure to digital assets through regulated investment vehicles rather than holding cryptocurrencies directly.

CASE STUDY | How Spain’s Largest Crypto Exchange Pivot from Retail to Infrastructure for Banks and Law Enforcement is Proving Successful



Stay tuned to BitKE on crypto developments in Europe.
Join our WhatsApp channel here.
Follow us on X for the latest posts and updates
Join and interact with our Telegram community
___________________________________________
Skatīt tulkojumu
CRYPTO CRIME | Kenyan Detectives Snub a Woman for a USDT-Linked Fake Gold SchemeKenyan detectives have arrested a woman accused of masterminding a fake gold scheme that allegedly defrauded an American investor of more than $431,000 in the stablecoin USDT, in the latest high-profile fraud case to spotlight the country’s growing battle with financial and crypto-linked crime. According to Kenya’s Directorate of Criminal Investigations (DCI), the suspect, identified as Mildred Kache, also known as Sabreena Ayesha, was arrested at Crystal Villas in Nairobi’s upscale Kilimani neighborhood after investigators tracked her through what authorities described as a forensic-led investigation.   REGULATION | Binance Reportedly Freezing P2P User Accounts in Kenya at the Request of Law Enforcement Under the hashtag, #BinanceUnmasked, a number of users have complained that their @binance accounts have been frozen at the request of law enforcement. The law enforcement… pic.twitter.com/ekZgbUrqMh — BitKE (@BitcoinKE) April 20, 2026 Police said the alleged scam began when the suspects convinced the U.S. national they could supply 400 kilograms of gold bars. The investor later traveled to Nairobi to finalize the deal after receiving what authorities described as convincing documentation and assurances. Once agreements were signed, the victim transferred USDT 431,380 to accounts linked to the suspects, believing the shipment would proceed as planned, investigators said. However, the gold was never delivered and the suspects allegedly disappeared after receiving the funds. The DCI said a second suspect, Ibrahim Yusuf Mohamed, escaped arrest during the operation, abandoning a black Mercedes-Benz E50 that was later seized by investigators as part of the probe. Authorities said efforts to trace and apprehend him are ongoing. The case adds to a growing list of crypto and investment-related fraud incidents in Kenya, where law enforcement agencies have intensified scrutiny of digital asset crimes amid rising adoption of cryptocurrencies and stablecoins across East Africa.   CRYPTO CRIME | Top Kenyan Criminal Investigations Body, DCI Kenya, Admits to a Rise in Crypto-Related Crimes   In recent years, Kenyan authorities have investigated multiple cases involving fraudulent crypto investment schemes, SIM swap fraud, online forex scams and digital asset-linked money laundering operations targeting both local and foreign investors.   A #Kenyan cryptocurrency P2P trader on #Binance has been arrested and aligned in court after attempting to withdraw funds linked to a crypto scam. CONTEXT | https://t.co/tsjDojt4O7 #CryptoCrimeKE #CryptoRegulationKE #CryptoKE pic.twitter.com/Lhd64b8zaI — BitKE (@BitcoinKE) May 6, 2026 Since 2025, Kenyan authorities also stepped up cooperation between the DCI, financial intelligence units, and international agencies to combat cyber-enabled financial crimes, particularly those involving virtual assets and cross-border transactions.   REGULATION | #INTERPOL and #AFRIPOL Crack Down on Crypto-Based Terrorism Financing Worth ~$430,000 in Kenya The suspects used a virtual asset service provider with funds used for recruitment and radicalization being traced to a crypto trading platformhttps://t.co/tJXiRvRcEa pic.twitter.com/nqPh7FPQYQ — BitKE (@BitcoinKE) October 23, 2025 The country has increasingly become a regional hub for crypto activity due to its high mobile money penetration and growing fintech ecosystem, but regulators and investigators have repeatedly warned that weak oversight and informal trading networks have also made it attractive to fraudsters. The Kenya government is currently advancing efforts to establish clearer oversight for virtual asset service providers, with policymakers seeking to strengthen anti-money laundering compliance and investor protection frameworks as crypto usage expands. The arrested suspect remains in police custody pending arraignment, the DCI said.   REGULATION | ‘Proceeds of Crime Are Laundered and Concealed Within Real Estate or Cryptocurrency in Kenya,’ Says Kenyan Director of Criminal Investigations (DCI)       Want to keep updated on crypto crime in Africa? Join our WhatsApp channel here. Follow us on X for the latest posts and updates Join and interact with our Telegram community _______________________________

CRYPTO CRIME | Kenyan Detectives Snub a Woman for a USDT-Linked Fake Gold Scheme

Kenyan detectives have arrested a woman accused of masterminding a fake gold scheme that allegedly defrauded an American investor of more than $431,000 in the stablecoin USDT, in the latest high-profile fraud case to spotlight the country’s growing battle with financial and crypto-linked crime.
According to Kenya’s Directorate of Criminal Investigations (DCI), the suspect, identified as Mildred Kache, also known as Sabreena Ayesha, was arrested at Crystal Villas in Nairobi’s upscale Kilimani neighborhood after investigators tracked her through what authorities described as a forensic-led investigation.

REGULATION | Binance Reportedly Freezing P2P User Accounts in Kenya at the Request of Law Enforcement
Under the hashtag, #BinanceUnmasked, a number of users have complained that their @binance accounts have been frozen at the request of law enforcement. The law enforcement… pic.twitter.com/ekZgbUrqMh
— BitKE (@BitcoinKE) April 20, 2026
Police said the alleged scam began when the suspects convinced the U.S. national they could supply 400 kilograms of gold bars. The investor later traveled to Nairobi to finalize the deal after receiving what authorities described as convincing documentation and assurances.
Once agreements were signed, the victim transferred USDT 431,380 to accounts linked to the suspects, believing the shipment would proceed as planned, investigators said. However, the gold was never delivered and the suspects allegedly disappeared after receiving the funds.
The DCI said a second suspect, Ibrahim Yusuf Mohamed, escaped arrest during the operation, abandoning a black Mercedes-Benz E50 that was later seized by investigators as part of the probe. Authorities said efforts to trace and apprehend him are ongoing.
The case adds to a growing list of crypto and investment-related fraud incidents in Kenya, where law enforcement agencies have intensified scrutiny of digital asset crimes amid rising adoption of cryptocurrencies and stablecoins across East Africa.

CRYPTO CRIME | Top Kenyan Criminal Investigations Body, DCI Kenya, Admits to a Rise in Crypto-Related Crimes

In recent years, Kenyan authorities have investigated multiple cases involving fraudulent crypto investment schemes, SIM swap fraud, online forex scams and digital asset-linked money laundering operations targeting both local and foreign investors.

A #Kenyan cryptocurrency P2P trader on #Binance has been arrested and aligned in court after attempting to withdraw funds linked to a crypto scam.
CONTEXT | https://t.co/tsjDojt4O7 #CryptoCrimeKE #CryptoRegulationKE #CryptoKE pic.twitter.com/Lhd64b8zaI
— BitKE (@BitcoinKE) May 6, 2026
Since 2025, Kenyan authorities also stepped up cooperation between the DCI, financial intelligence units, and international agencies to combat cyber-enabled financial crimes, particularly those involving virtual assets and cross-border transactions.

REGULATION | #INTERPOL and #AFRIPOL Crack Down on Crypto-Based Terrorism Financing Worth ~$430,000 in Kenya
The suspects used a virtual asset service provider with funds used for recruitment and radicalization being traced to a crypto trading platformhttps://t.co/tJXiRvRcEa pic.twitter.com/nqPh7FPQYQ
— BitKE (@BitcoinKE) October 23, 2025
The country has increasingly become a regional hub for crypto activity due to its high mobile money penetration and growing fintech ecosystem, but regulators and investigators have repeatedly warned that weak oversight and informal trading networks have also made it attractive to fraudsters.
The Kenya government is currently advancing efforts to establish clearer oversight for virtual asset service providers, with policymakers seeking to strengthen anti-money laundering compliance and investor protection frameworks as crypto usage expands.
The arrested suspect remains in police custody pending arraignment, the DCI said.

REGULATION | ‘Proceeds of Crime Are Laundered and Concealed Within Real Estate or Cryptocurrency in Kenya,’ Says Kenyan Director of Criminal Investigations (DCI)



Want to keep updated on crypto crime in Africa?
Join our WhatsApp channel here.
Follow us on X for the latest posts and updates
Join and interact with our Telegram community
_______________________________
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REGULATION | Rwandan Parliament Unanimously Passes Law Regulating Virtual Assets and Cryptocurren...Rwanda has passed a sweeping law to regulate virtual assets and cryptocurrencies becoming one of the latest African countries to formalize oversight of the fast-growing digital asset sector amid rising crypto adoption across the region. The legislation, approved by Rwanda’s lower chamber of parliament earlier this month, establishes the country’s first comprehensive legal framework governing virtual asset businesses, including cryptocurrency trading platforms and other digital asset service providers. Under the new framework, companies offering virtual asset services will be required to obtain licenses from Rwanda’s Capital Markets Authority before beginning operations. The law also introduces measures aimed at curbing money laundering, terrorism financing, and online financial fraud tied to digital assets.   REGULATION | ‘Crypto Assets are Not Authorized for Payments, FRW Conversion, or P2P Trading with FRW,’ Says Central Bank of Rwanda   Lawmakers said the move was intended to balance innovation with investor protection as crypto usage expands in Rwanda and across East Africa.   “The law aims to establish a secure and reliable regulatory framework,” Rwanda’s parliament said, adding that it would help protect citizens from fraudulent investment schemes and fake crypto platforms.   The bill follows years of caution from the National Bank of Rwanda which had previously warned about the risks associated with cryptocurrencies including volatility and fraud. In late 2024, the central bank said it was working with regulators to develop formal crypto rules. Rwandan lawmakers estimate that about 350,000 people in the country currently use virtual assets while crypto adoption has accelerated across neighboring Kenya, Uganda, and Tanzania. The law also introduces penalties for unlicensed operators. Draft provisions reviewed by lawmakers proposed prison terms of up to five years and fines reaching 100 million Rwandan francs ($70,000) for illegal virtual asset activities. The legislation now awaits presidential assent and publication in the official gazette before taking effect after which regulators are expected to issue detailed operational guidelines for the sector.     REGULATION | Rwanda Draft Law Reportedly Proposes 5-Year Sentences, Over $70K in Fines for Unlicensed Crypto Trading       Stay tuned to BitKE for updates on regulatory developments across Africa.  Join our WhatsApp channel here. Follow us on X for the latest posts and updates Join and interact with our Telegram community _________________________________________

REGULATION | Rwandan Parliament Unanimously Passes Law Regulating Virtual Assets and Cryptocurren...

Rwanda has passed a sweeping law to regulate virtual assets and cryptocurrencies becoming one of the latest African countries to formalize oversight of the fast-growing digital asset sector amid rising crypto adoption across the region.
The legislation, approved by Rwanda’s lower chamber of parliament earlier this month, establishes the country’s first comprehensive legal framework governing virtual asset businesses, including cryptocurrency trading platforms and other digital asset service providers.
Under the new framework, companies offering virtual asset services will be required to obtain licenses from Rwanda’s Capital Markets Authority before beginning operations. The law also introduces measures aimed at curbing
money laundering,
terrorism financing, and
online financial fraud
tied to digital assets.

REGULATION | ‘Crypto Assets are Not Authorized for Payments, FRW Conversion, or P2P Trading with FRW,’ Says Central Bank of Rwanda

Lawmakers said the move was intended to balance innovation with investor protection as crypto usage expands in Rwanda and across East Africa.

“The law aims to establish a secure and reliable regulatory framework,” Rwanda’s parliament said, adding that it would help protect citizens from fraudulent investment schemes and fake crypto platforms.

The bill follows years of caution from the National Bank of Rwanda which had previously warned about the risks associated with cryptocurrencies including volatility and fraud. In late 2024, the central bank said it was working with regulators to develop formal crypto rules.
Rwandan lawmakers estimate that about 350,000 people in the country currently use virtual assets while crypto adoption has accelerated across neighboring Kenya, Uganda, and Tanzania.
The law also introduces penalties for unlicensed operators. Draft provisions reviewed by lawmakers proposed prison terms of up to five years and fines reaching 100 million Rwandan francs ($70,000) for illegal virtual asset activities.
The legislation now awaits presidential assent and publication in the official gazette before taking effect after which regulators are expected to issue detailed operational guidelines for the sector.


REGULATION | Rwanda Draft Law Reportedly Proposes 5-Year Sentences, Over $70K in Fines for Unlicensed Crypto Trading



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EXPERT OPINION | Crypto Has Split Into 4 Major SegmentsCrypto markets are increasingly moving in different directions as the industry fragments into separate sectors with distinct drivers, a trend some analysts say could signal a more mature phase for digital assets rather than a weakening market. While Bitcoin continues attracting institutional money through exchange-traded funds, decentralized finance activity has slowed, stablecoins are gaining traction as payment infrastructure, and blockchain networks are processing growing transaction volumes even as many crypto tokens struggle to rise in price. Bitwise CEO, Hunter Horsley, says the crypto market has effectively split into four major segments: stablecoins and payments, Bitcoin as a macro asset, tokenization and on-chain finance, and blockchain infrastructure. According to Horsley, each segment is now operating under different adoption cycles, regulatory conditions and investor expectations, allowing some parts of the market to grow even as others stagnate. Each sector is growing for different reasons.   INSTITUTIONAL | ‘DeFi Exploits, Limited Growth Are Holding Back Institutional Adoption,’ Says America’s Largest Bank   According to Horsley: “This is not the end, it’s not the beginning of the end, but it is the end of the beginning.”   Patterns and intutions of the prior era no longer apply in the new one, he said. Horsley’s reading suggests the new chapter will be defined by: mainstream institutions fewer dominant players, and broader adoption which points to a different kind of a market altogether than in the past.   Stablecoins have emerged as one of the clearest examples of this divergence. The stablecoin market has grown to more than $320 billion, driven increasingly by payment companies, banks, and cross-border settlement demand rather than speculative crypto trading. Circle recently reported a 20% rise in quarterly revenue and reserve income, while VISA said its stablecoin settlement pilot reached a $7 billion annualized run rate across multiple blockchains.   STABLECOINS | The Stablecoin Market Cap Surpass $320 Billion as Yield-Bearing Stables Vastly Outpace the Market   Tokenization is attracting institutional capital within regulated structures in contrast to open DeFi protocols that have demonstrated and carry ongoing security risk and regultory ambiguity. Within this environment, adoption curves, risk profiles, and customer bases show clear divergence at almost every level. By growing on an institutional timeline, tokenization is projected to cross $2 trillion in market capitalization by 2030 as money mrket funds and Treasury products migrate on-chain.   INSTITUTIONAL | JPMorgan to Launch a Tokenized Money Market Fund Supporting Stablecoin Issuers Under GENIUS Act   At the same time, Bitcoin has increasingly traded like a macro-economic asset influenced by institutional ETF flows, interest rates, and liquidity conditions, often outperforming the broader crypto market even as altcoins weaken. Bitcoin’s deepending institutional allocation base into ETFs has attracted a new kind of investor that was previously limited to traditional securities. Institutional allocation builds credibility and validates the asset class for allocators who might otherwise have stayed out entirely.   The shift comes as regulators and financial institutions deepen their involvement in digital assets. U.S. lawmakers this week advanced the Clarity Act, a major crypto market structure bill aimed at defining oversight rules for cryptocurrencies, stablecoins, and tokenized assets. Industry analysts say the fragmentation could ultimately be bullish for the sector because growth is becoming tied to real-world utility and institutional adoption instead of speculative trading cycles that historically pushed most digital assets higher or lower together.     INSTITUTIONAL | The Industry Has Entered a New Phase of Mainstream Adoption, Say Crypto, Fintech Executives at Consensus Miami 2026       Stay tuned to BitKE for deeper insights into global crypto developments. Join our WhatsApp channel here. Follow us on X for the latest posts and updates Join and interact with our Telegram community _________________________________________

EXPERT OPINION | Crypto Has Split Into 4 Major Segments

Crypto markets are increasingly moving in different directions as the industry fragments into separate sectors with distinct drivers, a trend some analysts say could signal a more mature phase for digital assets rather than a weakening market.
While Bitcoin continues attracting institutional money through exchange-traded funds, decentralized finance activity has slowed, stablecoins are gaining traction as payment infrastructure, and blockchain networks are processing growing transaction volumes even as many crypto tokens struggle to rise in price.
Bitwise CEO, Hunter Horsley, says the crypto market has effectively split into four major segments:
stablecoins and payments,
Bitcoin as a macro asset,
tokenization and on-chain finance, and
blockchain infrastructure.
According to Horsley, each segment is now operating under different
adoption cycles,
regulatory conditions and
investor expectations,
allowing some parts of the market to grow even as others stagnate. Each sector is growing for different reasons.

INSTITUTIONAL | ‘DeFi Exploits, Limited Growth Are Holding Back Institutional Adoption,’ Says America’s Largest Bank

According to Horsley:
“This is not the end, it’s not the beginning of the end, but it is the end of the beginning.”

Patterns and intutions of the prior era no longer apply in the new one, he said. Horsley’s reading suggests the new chapter will be defined by:
mainstream institutions
fewer dominant players, and
broader adoption
which points to a different kind of a market altogether than in the past.

Stablecoins have emerged as one of the clearest examples of this divergence.
The stablecoin market has grown to more than $320 billion, driven increasingly by payment companies, banks, and cross-border settlement demand rather than speculative crypto trading.
Circle recently reported a 20% rise in quarterly revenue and reserve income, while
VISA said its stablecoin settlement pilot reached a $7 billion annualized run rate across multiple blockchains.

STABLECOINS | The Stablecoin Market Cap Surpass $320 Billion as Yield-Bearing Stables Vastly Outpace the Market

Tokenization is attracting institutional capital within regulated structures in contrast to open DeFi protocols that have demonstrated and carry ongoing security risk and regultory ambiguity. Within this environment, adoption curves, risk profiles, and customer bases show clear divergence at almost every level.
By growing on an institutional timeline, tokenization is projected to cross $2 trillion in market capitalization by 2030 as money mrket funds and Treasury products migrate on-chain.

INSTITUTIONAL | JPMorgan to Launch a Tokenized Money Market Fund Supporting Stablecoin Issuers Under GENIUS Act

At the same time, Bitcoin has increasingly traded like a macro-economic asset influenced by institutional ETF flows, interest rates, and liquidity conditions, often outperforming the broader crypto market even as altcoins weaken.
Bitcoin’s deepending institutional allocation base into ETFs has attracted a new kind of investor that was previously limited to traditional securities. Institutional allocation builds credibility and validates the asset class for allocators who might otherwise have stayed out entirely.

The shift comes as regulators and financial institutions deepen their involvement in digital assets. U.S. lawmakers this week advanced the Clarity Act, a major crypto market structure bill aimed at defining oversight rules for cryptocurrencies, stablecoins, and tokenized assets.
Industry analysts say the fragmentation could ultimately be bullish for the sector because growth is becoming tied to real-world utility and institutional adoption instead of speculative trading cycles that historically pushed most digital assets higher or lower together.


INSTITUTIONAL | The Industry Has Entered a New Phase of Mainstream Adoption, Say Crypto, Fintech Executives at Consensus Miami 2026



Stay tuned to BitKE for deeper insights into global crypto developments.
Join our WhatsApp channel here.
Follow us on X for the latest posts and updates
Join and interact with our Telegram community
_________________________________________
Skatīt tulkojumu
INSTITUTIONAL | Kraken Says Its ‘80% Ready to Go Public’ As It Moves to Restructure Operations an...Kraken parent company, Payward, has cut around 150 employees as the crypto exchange restructures operations and sharpens its financial profile ahead of a planned initial public offering, according to people familiar with the matter. The layoffs, affecting roughly 5% of Payward’s estimated 3,000-person workforce, are part of what insiders described as an optimization effort as the company prepares for public markets after confidentially filing draft IPO paperwork with the U.S. Securities and Exchange Commission in late 2025. Kraken co-CEO, Arjun Sethi, said in early May 2026, during Consensus 2026 in Miami, that the exchange was ‘about 80% ready’ to go public, signaling that preparations for a listing are advanced despite volatile crypto market conditions.   DeFi | Major Crypto Exchange Replaces Popular Cross-Chain DeFi Infrastructure Following Kelp DAO Exploit   The restructuring comes as Payward is also seeking fresh funding at a $20 billion valuation ahead of the planned IPO, according to reports citing people familiar with the matter. The fundraising effort follows an aggressive expansion strategy by the company which recently agreed to acquire stablecoin payments firm, Reap Technologies, for about $600 million, and derivatives platform, Bitnomial, for $550 million, adding to its earlier $1.5 billion acquisition of futures trading platform, NinjaTrader. A Payward spokesperson said the company ‘continuously evaluates and adjusts’ its organizational structure to align talent and resources with long-term strategic goals but declined to comment on specific personnel decisions. Kraken has been among a wave of crypto firms exploring public listings as regulatory pressure in the United States eases and investor appetite for digital asset companies gradually returns. The company had previously delayed IPO ambitions amid tougher market conditions and regulatory uncertainty.   INSIGHTS | Why the Market Has No Appetite for Crypto IPOs       Stay tuned to BitKE updates on crypto market developments. Join our WhatsApp channel here. Follow us on X for the latest posts and updates Join and interact with our Telegram community ________________________

INSTITUTIONAL | Kraken Says Its ‘80% Ready to Go Public’ As It Moves to Restructure Operations an...

Kraken parent company, Payward, has cut around 150 employees as the crypto exchange restructures operations and sharpens its financial profile ahead of a planned initial public offering, according to people familiar with the matter.
The layoffs, affecting roughly 5% of Payward’s estimated 3,000-person workforce, are part of what insiders described as an optimization effort as the company prepares for public markets after confidentially filing draft IPO paperwork with the U.S. Securities and Exchange Commission in late 2025.
Kraken co-CEO, Arjun Sethi, said in early May 2026, during Consensus 2026 in Miami, that the exchange was ‘about 80% ready’ to go public, signaling that preparations for a listing are advanced despite volatile crypto market conditions.

DeFi | Major Crypto Exchange Replaces Popular Cross-Chain DeFi Infrastructure Following Kelp DAO Exploit

The restructuring comes as Payward is also seeking fresh funding at a $20 billion valuation ahead of the planned IPO, according to reports citing people familiar with the matter.
The fundraising effort follows an aggressive expansion strategy by the company which recently agreed to acquire
stablecoin payments firm, Reap Technologies, for about $600 million, and
derivatives platform, Bitnomial, for $550 million, adding to its earlier
$1.5 billion acquisition of futures trading platform, NinjaTrader.
A Payward spokesperson said the company ‘continuously evaluates and adjusts’ its organizational structure to align talent and resources with long-term strategic goals but declined to comment on specific personnel decisions.
Kraken has been among a wave of crypto firms exploring public listings as regulatory pressure in the United States eases and investor appetite for digital asset companies gradually returns. The company had previously delayed IPO ambitions amid tougher market conditions and regulatory uncertainty.

INSIGHTS | Why the Market Has No Appetite for Crypto IPOs



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OPINION | Ko nozīmē Nigērijas ISA 2025 kripto likuma pieņemšana Web3 projektiemZiņa no Omosefe EgharevbaOmosefe Egharevba, Web3 izaugsmes stratēģis Nigērija pieņēma visaptverošākos kripto likumus Āfrikā. Lielākā daļa Web3 projektu joprojām nezina, ko tas nozīmē viņiem. Godīgi? Pirms dažiem gadiem es arī to nezināju. Kad es pirmo reizi iekļāvos Web3, es rīkoju telpas, veidoju kopienu, biju visur. Es sapratu kultūru. Es sapratu enerģiju. Es domāju, ka tas bija pietiekami. Neviens nerunāja par SEC. Neviens neprasīja par VASP reģistrāciju vai kapitāla sliekšņiem.

OPINION | Ko nozīmē Nigērijas ISA 2025 kripto likuma pieņemšana Web3 projektiem

Ziņa no Omosefe EgharevbaOmosefe Egharevba, Web3 izaugsmes stratēģis

Nigērija pieņēma visaptverošākos kripto likumus Āfrikā.
Lielākā daļa Web3 projektu joprojām nezina, ko tas nozīmē viņiem. Godīgi?
Pirms dažiem gadiem es arī to nezināju.

Kad es pirmo reizi iekļāvos Web3, es rīkoju telpas, veidoju kopienu, biju visur. Es sapratu kultūru. Es sapratu enerģiju. Es domāju, ka tas bija pietiekami.
Neviens nerunāja par SEC. Neviens neprasīja par VASP reģistrāciju vai kapitāla sliekšņiem.
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