Binance to restrict transactions involving HTX, 10 other crypto platforms

Binance will stop processing transactions involving crypto exchange HTX and 10 other listed crypto platforms and service providers from Aug. 23.  The cryptocurrency exchange cited recent regulatory developments for the decision in a Friday announcement. Binance will stop processing transactions involving HTX, Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto INC., Tradex, Monease Ltd, BitPapa, Exnode and EXMO.  Transactions attempted on or after the effective date may be held and subject to compliance review. Binance said restrictions may also be applied to impacted wallets while the review is ongoing.  HTX, formerly Huobi, was added to the European Union‘s sanctions package targeting Russia in late July. The UK government also designated Huobi Global S.A. in May, citing “reasonable grounds to suspect” that it supported Russia’s government by providing financial services or making available funds and economic resources to A7 LLC and Garantex Europe OU.  HTX denied the UK sanctions allegations, arguing the designation applies only to Huobi Global S.A. as a separate legal entity and saying its online exchange and user funds remain unaffected. The UKs Office of Financial Sanctions Implementation later said it considers the HTX exchange itself subject to the sanctions because it is owned by Huobi Global.  The US Treasury sanctioned Shelbit and Aban Tether

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Israels largest bank taps Galaxy to offer Bitcoin, Ether, Solana trading

Israel‘s Bank Leumi has partnered with Galaxy Digital to let customers trade Bitcoin (BTC), Ether (ETH), and Solana (SOL) through the bank’s investment platform, with the service expected to launch in early 2027.  The companies said Friday that customers of Leumi and Pepper, its mobile banking arm, will be able to buy, hold and sell the three cryptocurrencies through a dedicated section of the Leumi Trade app. Leumi and Galaxy said the rollout would make Leumi the first Israeli bank to offer digital asset trading services to customers.  Leumi will use GalaxyOne Institutional for trading and related services, while Galaxy‘s custody infrastructure platform, formerly known as GK8, will support the bank’s digital asset infrastructure.  According to Leumi, the bank serves millions of customers across its retail and business operations.  The partnership comes after Galaxy reported an $85 million net loss in the second quarter, which it attributed largely to declining digital asset prices. Despite the loss, its digital assets business generated $66 million in adjusted gross profit, up 34% from the previous quarter.  Galaxy Digital, founded and led by Mike Novogratz, began trading on the Nasdaq under the ticker GLXY in May 2025. Its shares were trading at $21.38 on Friday morning, up about 2%

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Another Bitcoin Miner Sells Off BTC to Fund AI Data Center Pivot

In briefHyperscale Data sold most of its Bitcoin holdings to support the expansion of its Michigan data center.The company sold about 685 Bitcoin for roughly $43 million.Hyperscale retained about 275 Bitcoin and plans to continue mining the cryptocurrency.  Hyperscale Data has sold most of its Bitcoin holdings to help finance the expansion of its Michigan data center.  In an announcement on Friday, the Las Vegas-based company, which trades on the NYSE American under the ticker GPUS, said it sold approximately 685 Bitcoin for about $43 million.  Myriad: Bitcoins next move? Click to make your prediction.  Hyperscale said it plans to use the proceeds primarily to continue developing and expanding the Michigan facility. The sale also gives the company more flexibility to manage its debt, equity, and broader capital structure. According to the company, it has reduced its debt by approximately $30 million.  According to Hyperscale, the sale is about capital allocation.  “We have built a substantial Bitcoin position, and today we have the ability to convert a portion of that highly liquid asset into capital that can accelerate the development of one of the most important assets in our portfolio,” Executive Chairman Milton Ault said in a statement. We believe that is the appropriate decision for

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P2P.org lets Arkis clients trade against staked assets

P2P.org has integrated its staking infrastructure with Arkis, allowing institutional clients to use staked Solana and Avalanche assets as collateral while continuing to earn protocol rewards.  SummaryArkis clients can use staked Solana and Avalanche positions as collateral for trades.Margin is calculated against the aggregate risk of each clients Arkis account.Validator downtime and slashing risk will affect how Arkis values the collateral.The integration is live through the Carry Trades section of Arkis Alpha.  P2P.org staking enters Arkis collateral system  P2P.org said in an Aug. 13 announcement that Arkis clients can now stake supported assets through its validator infrastructure and post the resulting positions as collateral without unstaking them first.  At launch, the integration supports Solana and Avalanche. P2P.org and Arkis did not say when other proof-of-stake networks might be added.  Once deposited, the staked asset and any trades backed by it sit within a single Arkis account. The prime broker calculates margin from the aggregate risk of the account instead of assessing each position separately at the trading venue where it is held.  Clients can therefore borrow against a supported staked position in the same way that they borrow against other collateral accepted by Arkis. According to the announcement, the asset continues generating protocol rewards while it

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Binance Blacklists HTX and 10 Other Crypto Platforms: Are Your Funds at Risk?

Binance will stop processing transfers to and from HTX and 10 other crypto platforms on August 23. Anything sent after that date can be held for a compliance review.  Binance did not draw up that list. It matches, name for name, the crypto firms in the European Unions latest sanctions package.  Sponsored  Sponsored  The List Came From Brussels, Not Binance  The EU adopted Council Regulation 2026/1848 on July 23. It bans transactions with 14 crypto and payment platforms. Eleven of them become illegal to deal with on August 23.  Binance picked the same date in its announcement. It also copied the names exactly, down to odd spellings like “NoOnecrypto INC.” and “Exnode Pay (Arvix).”  Binance Blocks Transactions with 11 Crypto Platforms  Starting August 23, Binance will halt all transfers involving HTX, EXMO, and nine other crypto platforms to comply with tightening regulatory rules.  The exchange is actively warning users not to send or receive funds from…  Two earlier names came from Washington instead. The US Treasury sanctioned Shelbit and Aban Tether on August 7 over links to Iranian networks.  So this is not a delisting. No tokens leave Binance, and spot trading carries on as normal. What changes is where users can legally send money.  Sponsored  Sponsored  Starting August 23, the following platforms will

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XRP Price Falls Below $1 Again Despite Record Network Adoption

XRP price slipped below $1 again in the past 24 hours, despite record adoption metrics across the XRP Ledger (XRPL). The altcoin is currently testing a level it defended for years.  The breakdown complicates a thesis built almost entirely on institutional demand and network growth.  XRP Price Performance. Source: CoinGecko  Sponsored  Sponsored  What the Price Action Actually Shows  A psychological support level is a round number that traders defend collectively, often regardless of underlying fundamentals. XRP has held above $1 for 635 consecutive days.  The streak ended on August 11. The token printed $0.9915, its first move below the level since November 2024. Each return to that zone carries weight. Repeated tests suggest sellers keep probing for weakness beneath a floor that once looked solid.  The symbolism cut deeper than the arithmetic. At the recent low, XRP briefly traded below RLUSD, Ripples own dollar stablecoin. Technical levels now define the range.  Analysts identify $0.70 to $0.90 as the next support, with a broader zone extending toward $0.86 if selling accelerates.  Follow us on X to get the latest news as it happens.  Buckle up! If $XRP tags its 3-month 40 EMA, similar to 2023 & 2024, the retest could form a strong base for accumulation, and equally the launchpad for a

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Binance to block transactions with HTX, 10 other exchanges under EU Russia sanctions

Quick TakeBinance said it will no longer process transactions from 16 exchanges, including five that were already blocked, citing regulatory compliance needs.The move follows EU sanctions on HTX and the other listed firms for allegedly helping Russia circumvent restrictions tied to the Ukraine invasion.  Binance said it will no longer process transactions involving a group of crypto-asset service providers and exchanges, citing compliance concerns, according to an announcement on Friday.  While most of the named entities are low-volume and little-known platforms, HTX (formerly Huobi), a significant global centralized exchange, was also on the list.  “Binance is required to adhere to the regulatory requirements in the jurisdictions in which it operates,” Binance wrote. “These measures are necessary to meet those requirements and to help maintain a safe and secure environment for our users and their assets.”  Restrictions on Shelbit and Aban Tether Exchange took effect August 7, while A7 Nigeria, A7 Africa and PilotFinance Ltd. were cut off as of August 13.  Beginning August 23, the list expands to include Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto, Tradex, Monease, BitPapa, Exnode/Exnode Pay, HTX (Huobi Global SA) and EXMO Ltd.  The move follows the EUs sanctioning of HTX in July for allegedly helping Russia circumvent sanctions, in part by

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Digital money needs interoperable settlement rails, Lynq CEO says

Lynq CEO Jerald David has said institutional finance needs interoperable settlement systems capable of moving cash and collateral 24/7 as firms adopt several forms of digital money.  SummaryInstitutions are likely to use stablecoins, tokenized deposits, CBDCs, and traditional bank money.Separate payment systems can leave capital unavailable where institutions need it.The Bank of England is testing stablecoins and simulated digital pounds in one payment flow.David said settlement infrastructure must keep pace with markets that trade around the clock.  In comments shared with crypto.news, David said the Bank of Englands latest digital pound experiment gives an early indication of how institutional markets may use several forms of digital money instead of choosing one option.  “I do not expect a single form of digital money to replace all others,” David said.  “Stablecoins, tokenized deposits, tokenized money market funds, potentially CBDCs, and traditional bank money are all likely to have different roles depending on the counterparty, jurisdiction, and type of transaction.”  His comments follow an Aug. 12 report detailing how NOBO Finance, Dun & Bradstreet, and Polygon Labs joined Phase 2 of the Bank of Englands Digital Pound Lab. The consortium is testing whether a stablecoin and simulated digital pounds can handle separate parts of the same cross-border trade-finance

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Ethena treasury company StablecoinX shares jump 12% after revealing 20% stake in ENA supply

Quick TakeStablecoinX reported a $34.2 million Q2 net loss, mostly driven by a $36.2 million digital asset impairment.Its ENA stash is worth over $250 million at current prices.  StablecoinX (USDE) shares jumped more than 12% in early trading Friday after the newly public Ethena-focused treasury company reported its first quarterly results, revealing it held roughly 20% of the total ENA supply.  StablecoinX (USDE) stock price chart. Source: Google Finance  The company holds approximately 3 billion ENA valued at more than $250 million at current prices. StablecoinX said the position was worth around $9.09 per share based on its 24 million Class A shares outstanding at quarter-end.  StablecoinX reported a $34.2 million net loss for the quarter, though nearly all of it was driven by unrealized losses on its ENA holdings.  The companys operating business is still in its early stages, generating just $62,372 in infrastructure services revenue during the final two weeks of June. Its decentralized verifier node has surpassed $3 billion in cumulative cross-chain volume, according to the release.  “Our first quarter end as a public company reflects the successful close of our business combination and our emergence as one of the first publicly traded companies providing public market investors and financial institutions with exposure

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Hyperscale Data sells 685 BTC, redirects $43M toward Michigan data center

Hyperscale Data has sold about 685 Bitcoin for approximately $43 million, cutting its holdings to around 275 BTC as it directs more capital toward its Michigan data center.  Hyperscale Data said Friday that most of the proceeds will be used for the continued development and expansion of the Michigan facility, while part of the cash will give it more room to manage debt, equity and its overall capital structure.  The transaction leaves the NYSE American-listed company with roughly 275 BTC on its balance sheet. Management described the sale as an allocation of capital at its current stage of development and said Bitcoin remains part of its long-term strategy.  Executive Chairman Milton “Todd” Ault III said the company plans to continue mining Bitcoin and expects to use future mining production and available capital to rebuild its holdings over time.  “Bitcoin has been an important part of Hyperscale Datas strategy and we expect it to remain an important part of our strategy going forward,” Ault said. “We intend to continue mining Bitcoin and, over time, expect to use mining production and available capital to rebuild and increase our Bitcoin position.”  At the current stage of the Michigan project, however, Ault said management believes part of the Bitcoin

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