Yellow Card raises $40 million to link banks to stablecoin processing

SummaryYellow Card raised $40 million in strategic equity funding, lifting its total equity financing above $120 million at a valuation higher than its 2022 $200 million mark but still below $1 billion.The company is working with commercial banks worldwide to use stablecoins and onchain payments to move dollars across borders and compete with legacy systems such as Swift.Yellow Card plans to use the new capital to expand its Global USD Accounts product and add stablecoin and local payment options in Latin America and Asia-Pacific.  Yellow Card said it raised $40 million in strategic equity funding to expand its stablecoin payment infrastructure offering, betting that banks will increasingly use blockchain technology to move dollars across borders.  The round included SC Ventures, Standard Chartered‘s venture arm, Sony Innovation Fund, Polychain Capital and Blockchain Capital. It brings Yellow Card’s total equity financing to more than $120 million at a valuation significantly higher than the $200 million it rated in 2022, but not yet $1 billion, one person close to the matter told CoinDesk.  Neither Yellow Card CEO Chris Maurice nor the U.S.-based companys PR team confirmed the valuation.  Maurice, who co-founded the firm, said the company is working with commercial banks globally to use stablecoins to bring

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Ondo Finance hires former Blockchain.com CFO Adam Schlisman

SummaryOndo Finance named former Blockchain.com CFO Adam Schlisman as chief financial officer.Schlisman most recently served as CFO of macro hedge fund Monashee Investment Management.The hire comes as Ondo scales its tokenized securities platform, which has surpassed $1 billion in TVL.  Ondo Finance has appointed former Blockchain.com executive Adam Schlisman as chief financial officer as the tokenized-assets firm expands its finance operations amid growing adoption of onchain capital markets, the company said in a press release on Wednesday.  Schlisman joins from global macro hedge fund Monashee Investment Management, where he served as CFO.  Before that, he was chief financial officer at Blockchain.com, overseeing finance, treasury and risk during a period of rapid growth. Earlier in his career, he spent nearly a decade at Graham Capital Management in portfolio management and risk roles.  Founded in 2021 by former Goldman Sachs executives, Ondo is one of the largest tokenized real-world asset platforms, offering blockchain-based U.S. Treasuries and stocks with more than $3.5 billion across its products.  Tokenization has emerged as one of cryptos fastest-growing sectors as Wall Street firms race to bring traditional financial assets onto blockchain rails. Banks, asset managers and crypto-native firms are increasingly issuing tokenized versions of Treasuries, money market funds, private credit and equities,

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Strategys STRC rebounds 30% as company builds cash reserve, bitcoin price stabilizes

SummarySTRC is trading near $94 after climbing more than 30% from its late-June low, while Strategy has already repurchased $106 million of the preferred stock.Strategy has strengthened its dividend coverage through bitcoin sales and a $4 billion US dollar reserve, while maintaining STRCs annualized dividend rate at 12%.Also not hurting, the price of bitcoin has stabilized above $60,000.  Strategys (MSTR) perpetual preferred stock, Stretch (STRC), has risen more than 30% from its June low. It is currently trading around $94, after gaining another 1% on Wednesday.  STRC bottomed in late June around $71 as bitcoin fell below $60,000. Since then, Strategy has sold 5,226 BTC for $321 million across three separate transactions, reducing its bitcoin holdings from 847,363 BTC to approximately 842,137 BTC. The sales were intended, in part, to demonstrate that the company can use bitcoin to meet its dividend obligations, rather than treating it as an idle asset.  Strategy has also repurchased $106 million of STRC as it seeks to return the preferred stock to its $100 stated value.  In addition, the company increased its U.S. dollar reserve by another $250 million on Monday, bringing the total to $4 billion. This provides approximately 2.3 years of coverage for dividend obligations on its

08-05انڈسٹری

Cloudflare introduces wallets for AI agents, plans stablecoin payments

Cloudflare introduced Cloudflare Wallets on Tuesday, a programmable wallet for artificial intelligence (AI) agents designed to support stablecoin payments.  The US cloud infrastructure company said in a blog post that the product aims to simplify how AI agents identify themselves and pay for application programming interfaces (API) and digital content through stablecoin micropayments, enabling what it calls “agentic commerce.”  Cloudflare said users can claim a Cloudflare Wallet handle immediately, while payment features will roll out later.  The company plans to integrate the wallets with its recently announced Monetization Gateway, which uses Coinbases x402 protocol to enable stablecoin micropayments.  “Stablecoin micropayments via x402 will make it simple to try an API without an account, allowing agents to test new options with little friction,” Cloudflare software engineer Will Papper wrote in the blog post. He added that the wallets will also let users store stablecoins and receive payments across the web.  Cointelegraph contacted Cloudflare for comment on the rollout timeline and additional details but had not received a response by publication.

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Galaxy reports $85M net loss amid Q2 crypto market slump

Galaxy Digital reported an $85 million net loss for the second quarter of 2026 as cryptocurrency valuations declined in the period.  That resulted in a $0.09 loss per share posted on Wednesday which Galaxy attributed to the depreciation of digital asset prices during the quarter.  Revenue at $8.7 billion was down 15% from $10.2 billion in the first quarter of 2026. Analysts had forecast a consensus of $12.7 billion, according to estimates compiled by Yahoo Finance.  Galaxys shares fell 6.2% in premarket activity on Wednesday to $20.70, set to extend a nearly 10% decline over the past month.  The total crypto market capitalization fell nearly 15% during the quarter, to $2 trillion on June 30 from $2.35 trillion on April 1, according to CoinMarketCap data.  Despite the slump, the company reported that digital assets generated adjusted gross profit of $66 million and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $11 million, marking a 34% quarter-over-quarter increase in adjusted gross profit. EBITDA measures a companys core operating profit by removing financing costs, taxes, asset value changes and one-time expenses.  Galaxy said this reflects the “resilience of our business model and further demonstrates that our earnings are becoming less dependent on the direction of digital

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Crypto whales accumulate as bear market nears late stage: CryptoQuant

Large cryptocurrency holders are accumulating Bitcoin (BTC) and Ether (ETH) as valuations approach levels associated with the final stage of a bear market, according to CryptoQuant.  Rising whale balances during price weakness can reduce available supply and concentrate ownership among larger holders, the blockchain analytics company said in its latest Smart Money report seen by Cointelegraph.  Bitcoin whale holdings, excluding exchanges and mining pools, rose to about 3.06 million BTC from 2.87 million BTC in December 2025, with accumulation accelerating after Bitcoin dropped below $60,000 in June.Source: CryptoQuant  Ethereum wallets holding 10,000 to 100,000 ETH collectively held a record 19.6 million ETH, while wallets holding more than 100,000 ETH added roughly 1.8 million ETH since mid-2025.  In XRP markets, average spot order sizes remained in CryptoQuants “big whale” category as the token traded between $1 and $1.20. However, neutral 90-day taker cumulative volume delta suggested passive absorption rather than aggressive buying, the report said.  Related: Bitcoin may have bottomed before its traditional cycle low: Grayscales Pandl  Valuations point to late-stage bear market  CryptoQuant also pointed to realized price, an estimate of the markets average onchain cost basis, as evidence that the market may be approaching a bottom.  Bitcoin traded at $63,935 at the time of writing, according to

08-05انڈسٹری

Galaxy shares sink 12% after Q2 loss as AI data center business begins generating revenue

Quick TakeGalaxys Helios Phase I campus is expected to generate roughly $80 million in quarterly leasing revenue beginning in Q3.Galaxy expanded its AI infrastructure pipeline to more than 5.7 GW of potential power capacity across Texas.  Galaxy Digital shares fell nearly 13% in early trading Wednesday after the company reported an $85 million second-quarter net loss, as weaker digital asset prices overshadowed what executives described as an inflection point for its AI infrastructure business, which generated revenue for the first time.  The digital asset finance and data center infrastructure firm reported a net loss of $85 million in the second quarter, mostly due to the depreciation of digital asset prices. Treasury and corporate reported a $42 million adjusted gross loss, driven by unrealized losses on digital assets and investment positions, while adjusted EBITDA improved to a loss of $77 million from $188 million in the first quarter.  Galaxy Digital (GLXY) stock price chart. Source: The Block/TradingView  Despite the weaker crypto market backdrop, Galaxys operating businesses improved, generating $86 million in adjusted gross profit and $1 million in adjusted EBITDA, both major improvements over the prior quarter. Meanwhile, its digital assets segment increased adjusted gross profit 34% quarter-over-quarter to $66 million.  Executives said the results show

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Binance files $473M lawsuit against RedotPay over alleged user diversion

Binance has sued RedotPay and its co-founders for nearly $473 million, alleging the company diverted more than 470,000 Binance Card users in breach of a commercial agreement.  Bloomberg, citing a Hong Kong court filing it obtained, reported on Wednesday that Binance-affiliated companies have filed legal action against Hong Kong-based crypto payments firm RedotPay and its founders, accusing the company of improperly redirecting users from Binance Card to its own stablecoin payment card service.  The lawsuit seeks about $472.8 million in damages and comes as RedotPay continues expanding its global payments business while weighing a potential U.S. initial public offering.  Binance says RedotPay diverted Binance Card users  According to the Hong Kong court filing cited by Bloomberg, Binance affiliates Nest Trading, DistributedTechnologies and Chaintecs Consulting Singapore have accused RedotPay of violating a commercial agreement that governed how the two companies worked together.  The plaintiffs allege RedotPay allowed users to fund its stablecoin payment cards through Binance Pay outside the agreed commercial terms, leading more than 470,000 Binance Card users to migrate to RedotPays platform.  Bloomberg reported that the Binance-linked companies estimated damages using a lifetime customer value of $925 for each allegedly diverted customer, bringing the total claim to nearly $473 million.  Chaintecs Consulting Singapore has also filed

08-05انڈسٹری

Saylor's Strategy joins Coinbase, Morgan Stanley and more in pledging contributions to Trump Accounts

Quick TakeThe largest corporate holder of bitcoin will contribute $250 a year for eligible children of U.S. employees, plus a $1,000 match for qualifying newborns.Besides Morgan Stanley and Goldman Sachs, crypto native firms like Circle and Coinbase have also said they would participate.  Strategy, the largest corporate holder of bitcoin, has joined Coinbase, Circle, and Wall Street giants such as Morgan Stanley and Goldman Sachs in pledging contributions to Trump Accounts, the presidents initiative to help children begin investing early.  Besides making a one-time $1,000 contribution matching the U.S. governments seed contribution, Strategy said it would contribute $250 annually to Trump Accounts for every eligible child under 18 of its U.S. employees, regardless of the childs birth year.  This is not the first time Strategy has shown support for President Donald Trump or his political agenda. Strategy, then known as MicroStrategy, donated $1 million to the Trump-aligned MAGA Inc. super PAC in January 2025. Coinbase and Circle, meanwhile, donated $1 million each to Trumps inaugural fund, according to Public Citizen.  Strategy said it will officially begin participating after the U.S. Treasury issues final guidance and the infrastructure for employer contributions is live.  Trump Accounts are a new type of individual retirement account (IRA) for children

08-05انڈسٹری

Nomuras Laser Digital backs ZIGChain for onchain private credit push in UAE

Crypto is in a tough spot right now, and the effects of a down market are being felt across the industry. In February of this year, Nomura tightened risk limits at Laser Digital after crypto losses dragged down quarterly profit. This was read by the market as a retreat, but Nomura indicated it would be staying in crypto, just with a more conservative approach.  To this end, Laser Digitals investment and partnership with ZigChain delivers a comprehensive risk framework and governance across a pipeline of institutional onchain vault products, according to a statement.  Rafay Gadit said the private credit market in the Middle East faces a two-sided problem.  “Firstly, those who need money cannot raise it from the normal banks, and those who have money dont know those opportunities exist,” he said. “And even if they know, its only approachable through very large funds that have extremely high fees and barriers to entry. We are democratizing that.”  Dr. Jez Mohideen, Co-founder and CEO, Laser Digital, said his firm has been watching the private credit category, and while the opportunity in onchain finance is real, execution risk has been consistently underestimated.  “ZIG Markets brings regional depth and an origination track record, and as an investor and

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