Crypto

Chris, the pseudonym the British man gave to the media, managed to reclaim his bitcoin stash after a legal fight with Intersango, formerly known as Britcoin, an exchange that shut down operations in 2014. While it was under Intersango’s custody, his investment grew to 3.3 million pounds ($4.4 million). Key Takeaways An investor recovered 61 BTC trapped in a 2014 exchange collapse, yielding a…

This week’s stories spanned retail trading, portfolio diversification, regulation, privacy, and sanctions. Fomo broke into the top five U.S. finance apps, while Grayscale argued that record stock concentration strengthens the case for crypto. Prediction markets turned bearish on the CLARITY Act, a claimed leak of 153 million drivers’ licenses reignited criticism of KYC, and the U.S. expanded…

Tokenized equity trading reached nearly $3 billion in weekly volume during August, with Robinhood Chain, BNB Chain, and Solana handling most activity. However, only about 5% of the market is deployed in onchain financial applications. Key Takeaways Weekly tokenized equity trading volume peaked near $3 billion. Onchain tokenized stock value locked surpassed $110 million. Lending and collateral use…

Washington regulators are seeking to revoke Coinflip’s license and impose a $1.03 million fine over alleged crypto kiosk compliance failures. The charges also demand consumer refunds and industry bans for the company and its CEO. Key Takeaways Washington seeks to revoke Coinflip’s money transmitter license. The regulator alleges failures involving monitoring and refunds. Coinflip and its CEO…