COINCU

Crypto.com has acquired Allnew Investments to enhance its services in the EU by obtaining a MiFID license. This allows the company to offer derivatives trading in the European Economic Area, demonstrating its commitment to strategic regulatory positioning in Europe.

CEO Kris Marszalek emphasized the importance of this acquisition for expanding regulated financial offerings across Europe. The license complements the previously acquired MiCA license, showcasing a robust regulatory compliance strategy, which may influence broader market trends in the cryptocurrency sector.

Full story here: https://coincu.com/338928-crypto-com-eu-derivatives-license

The Pakistan government has established the Pakistan Digital Asset Authority (PDAA) to regulate its $25 billion crypto market, aiming for modernization and compliance with FATF standards.

This initiative marks a significant shift towards integrating digital assets in the country, potentially attracting global investments.

The PDAA will oversee the tokenization of national assets, enhance Web3 innovation, and ensure regulated mining practices.

The move has been positively received by market professionals, emphasizing Pakistan's intent to lead in financial innovation and create job opportunities.

Full story here: https://coincu.com/338925-pakistan-digital-asset-authority

Solana Mobile has announced the upcoming launch of the Seeker phone and the SKR token initiative, scheduled for August 2025.

With over 140,000 pre-orders at $500 each, the Seeker phone aims to enhance blockchain capabilities in mobile technology. The new SKR token will incentivize developers and users within Solana's mobile ecosystem.

This launch builds on the success of the Saga phone and positions Solana to potentially expand its market influence.

The focus on technological advancements aims to create a thriving environment for blockchain-related applications.

Full story here: https://coincu.com/338916-solana-mobile-seeker-phone-skr-token

Circle has launched the Circle Payments Network (CPN) for real-time cross-border settlements utilizing USDC, initially focusing on transactions between Latin America and Asia.

This new payment network aims to challenge traditional processors like Visa and Mastercard by offering faster and cost-efficient alternatives for businesses and remittances.

Circle's CEO, Jeremy Allaire, emphasizes the transformative potential of CPN, which might significantly disrupt the payment processing space with its speed and scalability.

Experts anticipate regulatory discussions and technology innovations as stablecoins become integral to international payments, reshaping the financial landscape.

Full story here: https://coincu.com/338904-circle-stablecoin-cross-border-network

KindlyMD has approved a merger with Nakamoto Holdings, enhancing its presence in the Bitcoin market. Set to complete by 2025, the merger aims to create one of the largest Bitcoin treasury firms, significantly increasing institutional exposure to Bitcoin.

The merger involves substantial financial commitments of $710 million, with funds sourced from private equity and convertible notes, creating a strong Bitcoin treasury.

As Bitcoin's market dominance grows, this merger aligns with trends in corporate adoption, potentially paving the way for further regulatory frameworks in cryptocurrency holdings.

Full story here: https://coincu.com/338895-kindlymd-nakamoto-holdings-bitcoin-merger

The U.S. Senate has advanced the GENIUS Act, a significant legislative effort aimed at creating a regulatory framework for stablecoins, passing with a 66-32 vote. This development represents a notable bipartisan shift, with 16 Democrats reversing their previous stance.

The Act introduces new restrictions on stablecoin issuance and interest payments, aiming to enhance market stability and regulatory oversight. Industry experts express optimism, suggesting this could lead to a multi-year bull market and comprehensive crypto legislation.

USDC's stability amid evolving regulations further highlights the potential for increased investor confidence and liquidity in the crypto market, as clarity in regulations could foster greater capital inflows.

Full story here: https://coincu.com/338880-us-senate-stablecoin-legislation

The second reading of Hong Kong's Stablecoin Bill is set for May 21, 2025. This legislation aims to create a regulatory framework for stablecoin issuers under the Hong Kong Monetary Authority (HKMA).

This step is crucial, highlighting Hong Kong's ambition to lead in cryptocurrency regulation, impacting global markets and attracting international firms.

While optimism is high, concerns about implementation remain. Observers speculate that this move could significantly reshape the financial landscape, establishing Hong Kong as a trendsetter in stablecoin regulation.

Full story here: https://coincu.com/338870-hong-kong-stablecoin-bill-progress-2

The Hong Kong Stablecoin Bill is progressing through the legislative process, currently awaiting its second reading on May 21, 2025. The bill aims to regulate stablecoin issuers, with the goal of attracting global firms to apply for stablecoin issuance through the HKMA.

Wu Jiezhuang, a member of the Legislative Council, noted that the bill's third reading is anticipated to be completed by the end of the year, signaling Hong Kong's ambition to establish itself as a key player in the Web3 landscape.

This bill is expected to create a stable regulatory framework for adopting stablecoins in Hong Kong, potentially enhancing its position in the digital assets market.

Full story here: https://coincu.com/338868-hong-kong-stablecoin-bill-progress

The Chicago Mercantile Exchange (CME) recently launched XRP futures, achieving significant trading volume and marking a milestone for institutional participation in digital assets.

Experts suggest this development could lead to the approval of a spot XRP exchange-traded fund (ETF), noting XRP's progressing institutional landscape resembles that of Bitcoin and Ethereum.

Notably, XRP futures had over $19 million in trading volume on their debut day, signaling growing interest in regulated markets and enhancing prospects for regulatory acceptance.

Full story here: https://coincu.com/338846-cme-xrp-futures-launch-2

Brave and Unstoppable Domains have launched the innovative .brave blockchain domain, marking a significant milestone for mainstream web browsers.

This domain, minted as NFTs on Polygon, aims to simplify cryptocurrency payments and enhance decentralized web hosting.

Brave's initiative promotes accessibility to blockchain services and emphasizes user privacy, aligning with growing industry optimism.

As the first major browser to offer an integrated blockchain domain, Brave sets the stage for future collaborations in Web3 technology.

Full story here: https://coincu.com/338843-brave-unstoppable-domains-launch

Theta Capital has successfully raised $175 million for a new fund, Theta Blockchain Ventures IV, aimed at supporting early-stage blockchain ventures.

This fund seeks to enhance institutional investment in cryptocurrency startups and promote innovation within the blockchain domain.

Managing Partner Ruud Smets emphasizes the importance of this fund in bridging institutional capital with high-potential blockchain projects.

Industry reactions are positive, highlighting the fund's role in reshaping early-stage blockchain investments, mirroring trends seen in the early internet boom.

Full story here: https://coincu.com/338834-theta-capital-175m-crypto-fund

Theta Capital has secured $175 million for its new fund, "Theta Blockchain Ventures IV," focusing on early-stage blockchain companies. This initiative strengthens Theta’s influence in the digital asset market amidst a recovering landscape.

Ruud Smets, Chief Investment Officer, sees this as a unique opportunity to invest in blockchain infrastructure during a pivotal moment in the industry.

The fund may generate diverse investment outcomes as it targets innovative ventures, aligning with Theta's commitment to fostering growth in the evolving crypto sector.

Full story here: https://coincu.com/338831-theta-capital-crypto-fund-2023

Theta Capital successfully closed a $175 million funding round for its new fund, Theta Blockchain Ventures IV, which targets early investments in blockchain innovations. Led by Ruud Smets, this initiative seeks substantial growth in the crypto sector, particularly following the recent market recovery.

The fund will support pioneering crypto venture capital firms, indicating a strategic vision to revolutionize digital assets. Industry interest is heightened as market participants recognize the potential for disruptive blockchain technologies.

Ruud Smets emphasizes that this investment strategy aims to stimulate foundational growth and advance regulatory frameworks in the blockchain sector.

Full story here: https://coincu.com/338829-theta-capital-raises-blockchain-fund

South Korea is set to allow crypto asset sales by registered exchanges and specific non-profits starting June 2025, indicating a shift in its regulatory stance.

The Financial Services Commission (FSC) requires institutional clients to undergo thorough KYC/AML reviews, aiming for greater market transparency.

This policy change could enhance market liquidity and mirror Japan's previous easing of restrictions that led to increased trading volumes.

Market reactions are cautiously optimistic, as discussions on compliance adjustments for institutional clients are underway, with Bitcoin's price reflecting positive sentiment.

Full story here: https://coincu.com/338826-south-korea-crypto-sales-2025

The arrests related to Guo Congyuan's case underscore significant concerns regarding the use of cryptocurrency in money laundering and criminal activities. Key suspect Jonin Lin remains at large, while Gong Wenli and Wu Jiaping were apprehended in Boracay, Philippines.

This international investigation highlights the necessity for enhanced scrutiny and intergovernmental collaboration to track illicit cryptocurrency transactions.

Authorities are considering links to offshore gaming operations, and the case could prompt stricter regulations on digital assets and cooperative efforts to combat these crimes globally.

Full story here: https://coincu.com/338815-crypto-linked-kidnapping-arrests

Popular AI apps Zhipu Qingyan and Kimi have been accused of unauthorized data collection, raising privacy concerns in China. No official response from the involved companies has been issued.

The National Cyber Security Reporting Center disclosed these findings, noting the apps collected excessive or irrelevant data from April 16 to May 15.

Experts predict stricter privacy regulations in response, prompting AI firms to adapt their practices to maintain user trust and comply with legal standards.

Full story here: https://coincu.com/338812-china-flags-unauthorized-ai-data

Lee Jae-myung proposes a won-based stablecoin to retain domestic wealth before the June 3, 2025, presidential election. This initiative aims to curb foreign stablecoin reliance and strengthen South Korea's financial sovereignty.

The proposal emphasizes the need for a stablecoin market to prevent capital outflows and alter regulatory landscapes, marking a major shift for digital assets in South Korea.

While Lee aims to innovate, concerns arise about monetary control shifting to private entities. The success of this initiative hinges on regulatory and technological factors.

Full story here: https://coincu.com/338809-south-korea-won-stablecoin-proposal-2

QuantumLight has successfully raised $250 million for its first fund, surpassing initial targets. Led by Nik Storonsky, the fund focuses on high-potential sectors like AI, Web3, and FinTech.

The firm employs an AI model named Aleph for investment decisions, indicating strong investor confidence in its tech-driven approach.

Positive industry reactions highlight QuantumLight's innovative strategies, potentially influencing broader venture capital methodologies to leverage AI in decision-making.

Full story here: https://coincu.com/338801-quantumlight-ai-investment-fund

Congress has questioned SEC Chair Paul Atkins regarding cryptocurrency regulation, highlighting the need for clarity in the evolving crypto market.

During a hearing on May 20, 2025, Atkins faced inquiries about his interactions with industry figures, including Justin Sun, and the implications for meme coins associated with President Trump.

Despite generating market interest, the hearing did not result in immediate regulatory changes, while experts anticipate increased scrutiny of digital assets.

Current Bitcoin stability demonstrates market resilience, although significant shifts may occur depending on future Congressional actions.

Full story here: https://coincu.com/338798-sec-atkins-crypto-congress

The SEC has postponed its decisions on XRP and Dogecoin ETFs, seeking public input before making any announcements, potentially by July. This delay impacts institutional investments in these cryptocurrencies, as it affects proposals from 21Shares and Grayscale.

By initiating a public comment process, the SEC aims to gather additional feedback on the ETF proposals. This uncertainty raises questions about capital inflows into digital assets and highlights the need for regulatory clarity in the market.

With XRP's current price at $2.35 and market fluctuations, experts emphasize that past ETF approvals significantly influenced trading and valuation, suggesting crucial developments ahead for XRP and Dogecoin.

Full story here: https://coincu.com/338792-sec-delays-xrp-dogecoin-etf-decision