• KuCoin Pay expands crypto payments to Bangladesh, Mexico, and Zambia.
• Platform links stablecoins with local banks and mobile money rails.
• KuCoin targets real-world crypto use in high-growth emerging markets.

KuCoin Pay, the cryptocurrency payment platform developed by KuCoin, has expanded its transfer-based payment capabilities across Bangladesh, Mexico, and Zambia.

The move aims to connect digital assets with widely used local payment systems in high-growth markets.

The rollout integrates cryptocurrencies and stablecoins with established banking and payment networks across the three markets.

These include the bKash and Nagad mobile payment platforms in Bangladesh, SPEI-compatible bank transfer routes in Mexico, and mobile money services offered by MTN Group and Airtel Africa in Zambia.

The expansion reflects the growing role of local bank transfers and mobile money services in emerging economies, where consumers increasingly rely on these systems for salary payments, remittances, merchant transactions, and peer-to-peer transfers.

Integration with local financial infrastructure

KuCoin Pay said its platform is designed to integrate digital assets with familiar financial systems, reducing the complexity often associated with moving cryptocurrencies into everyday financial activity.

The company noted that its technology supports localized payment routing through deep integration with local banking and payment rails.

Rather than requiring users to navigate complex backend processes, the platform identifies appropriate payment routes through a unified technical interface.

According to the company, this approach allows digital asset transactions to function more like traditional e-wallets, mobile money services, or local bank transfer tools.

By connecting cryptocurrencies and stablecoins with existing financial infrastructure, KuCoin Pay aims to make digital assets more practical for real-world use cases while reducing friction and simplifying the transfer process.

Focus on practical crypto applications

KuCoin executives said payments represent one of the most important pathways for digital assets to gain broader utility within the real economy.

“Crypto is emerging as a new asset class with growing relevance in the real economy, and payments are one of the most important ways for this value to reach users,” said Alicia Kao, Managing Director of KuCoin.

“Through KuCoin Pay, we are building trusted and localized connections between digital assets and existing banking, mobile money and transfer rails. By integrating crypto with the financial systems people already use, we are helping digital assets move beyond holding and trading into practical financial activity, while supporting more inclusive and future-ready financial ecosystems in high-growth markets.”

The company said the expansion is intended to improve accessibility to digital assets by enabling users to interact with cryptocurrencies through payment systems they already use in their daily lives.

Further expansion planned

Looking ahead, KuCoin Pay said it plans to continue expanding compatibility with local banking and payment systems in additional markets.

The company also intends to improve technical response speeds and broaden practical cryptocurrency payment applications across supported regions worldwide.

The latest expansion underscores a broader industry trend toward integrating digital assets with existing financial infrastructure, particularly in emerging markets where mobile money and local transfer networks play an increasingly central role in everyday commerce and financial inclusion.

“Binance.US has a CEO, Binance.com has two co-CEOs,” he said. “They almost never talk to each other. Actually, I don’t think they ever talk to each other. So, yes, two independent teams. Binance.US does license the product and technology from Binance Global, but they have a licensing agreement.”

CZ can’t see himself running the U.S. business, he said, adding that he did not think he was the best candidate to run a U.S. platform. “It needs to be somebody local; it needs to be somebody who’s on the ground,” he said.

The other companies CZ is heavily invested in — Giggle Academy and YZi Labs — are similarly independent, he said.

This independence extends to CZ’s personal life, he said. Yi He, one of Binance’s co-CEOs, is CZ’s partner, and the two share a home in the United Arab Emirates. Despite this, CZ said they do not talk about Binance at home, and the two keep their respective work lives separate.

“To be very frank, even when I was CEO of the company, she had a lot of strategic input into the company,” he said. “She was probably giving me more instructions even when I was CEO. So now, [after] stepping down, she’s running it. Our conversations at the max would be like ‘oh two days ago the bitcoin price dropped because of this policy,’ but we don’t even talk about that anymore.”

Market operator Cboe Global Markets has entered the prediction markets business with the launch of Cboe Predicts, a platform debuting with binary contracts tied to the S&P 500.

The contracts are now available through Interactive Brokers and are expected to launch at Charles Schwab and other retail brokerage platforms in the coming months, according to a Tuesday press release.

The contracts allow traders to take “yes” or “no” positions on whether the S&P 500 will close above or below a specified price level.

Cboe is the latest traditional finance firm to expand into prediction markets as investor interest in outcome-based contracts grows. The launch comes days after reports that Charles Schwab was seeking to enter the sector through a partnership with Cboe that would offer customers similar S&P 500-linked contracts.

Contracts tied to the S&P 500’s daily closing price are already available on prediction market platforms such as Polymarket and Kalshi.

Cboe launches XSP Binary Options in prediction markets offering. Source: Cboe

Traders seek more binary event contracts

Cboe’s customers are showing more demand for shorter-dated, outcome-based trading opportunities, which led to the debut of the prediction market offering, according to JJ Kinahan, head of retail expansion and alternative investment products at Cboe. 

Cboe’s new contracts are security options that will trade within the same regulatory framework as US-listed options, providing “institutional-grade liquidity” and transparency, Cboe said.

Related: Kalshi adds India to growing list of restricted jurisdictions

Meanwhile, prediction market platforms have drawn increased regulatory scrutiny over political betting and sports-related event contracts.

Kentucky was the latest state to sue five prediction market platforms, including Kalshi and Polymarket, accusing them of “operating unlicensed and illegal sports betting and gambling platforms,” as Cointelegraph reported on Thursday.

In January, US lawmakers proposed legislation aimed at restricting political prediction market trading by government officials after a Polymarket user netted over $400,000 on a contract related to the removal of then-Venezuelan President Nicolás Maduro, fueling insider trading concerns.

Magazine: Should users be allowed to bet on war and death in prediction markets? 

A vulnerability in Cardano-based wallet SecondFi allowed attackers to drain user funds, resulting in major losses.

SecondFi on Wednesday confirmed it had identified the root cause of the exploit and is now engaging with Cardano ecosystem platforms and blockchain investigators to address the issue.

The company also said it triggered emergency measures that secured roughly 129 million ADA, which is being transferred to an independent third-party custodian and held for affected users pending verification.

The platform on Tuesday estimated that around 16 million ADA, or $2.4 million, was affected across 374 addresses.

Cardano founder Charles Hoskinson said SecondFi is not an Input Output Global product and stressed that there is no ownership, control, or business relationship between the wallet and IOG.

SecondFi traces exploit to an address-level issue

SecondFi has not released a comprehensive post-mortem as of publication, but has issued multiple statements confirming a security breach caused by a vulnerability in its Cardano web wallet generation software.

It said the root cause of the incident was an issue at the address level that affects users when they sign transactions.

Source: SecondFi

“SecondFi’s wallet software exposed the private keys it generated,” Mitchell Amador, CEO of security company Immunefi, told Cointelegraph.

Amador said that while the blockchain remained secure, the code that generates the keys is the “part nobody audits like a contract.” He added that attackers have increasingly shifted focus toward infrastructure that creates or stores crypto keys rather than blockchain protocols.

Related: AI models led to a ‘vulnerability apocalypse’ in crypto security: Immunefi CEO

“Recovery to another platform or wallet does not mitigate the risk,” SecondFi said, advising users not to restore their recovery phrases into new Cardano wallets. The guidance differed from recommendations by some community members, who urged users to migrate affected wallets and move funds to newly created addresses.

“We didn’t write the code,” says Hoskinson

SecondFi is a self-custodial platform built on Cardano that rebranded from the Yoroi wallet in April 2026. Yoroi was developed by Emurgo, which describes itself as the “for-profit arm of Cardano,” and was launched as the first open-source light wallet for the Cardano blockchain.

Hoskinson said IOG’s incident response team has been in contact with SecondFi since Monday and that the platform requested an independent security audit.

Source: Charles Hoskinson

In a Tuesday video posted on X, Hoskinson stressed that IOG “is not Emurgo,” adding that the company has no influence over Emurgo and cannot speak on its behalf regarding the exploit.

“We didn’t write the code and we’re not connected to it,” he said.

Magazine: Japanese pension fund tips 1% in crypto, G7 urges action on NK hackers: Asia Express

Kendrick compared Aave to an automated, blockchain-based bank that operates without employees or discretionary decision-making. At its peak in October 2025, the protocol held roughly $75 billion in deposits, a level the analyst said would have ranked it among the 30 largest banks in the U.S.

Looking ahead, Kendrick expects the value of tokenized assets actively used within DeFi applications to increase 37-fold by the end of the decade. Because Aave’s revenue model is tied closely to lending activity and deposits, the bank anticipates the protocol’s growth to translate relatively directly into gains for the AAVE token.

The report also pointed to the potential restart of Aave’s token buyback program as a further catalyst. The protocol’s Horizon initiative, which is designed to support lending against tokenized real-world assets in a permissioned environment, could help attract traditional financial institutions and accelerate adoption.

Despite recent market weakness across digital assets, the broader backdrop for crypto prices is improving and Aave is expected to be among the beneficiaries as capital returns to DeFi, the report added.

Aave was 5.6% higher over the last 24 hours, trading around $76.

Read more: DeFi shaken by $292 million hack, but showing resilience, Standard Chartered says

Michael Saylor’s Strategy (MSTR) is drawing renewed attention from both technical traders and investors as two pressures converge: a bearish chart setup on the company’s stock and a widening strain on its cash position tied to preferred-share dividends.

According to CryptoQuant analyst Julio Moreno, Strategy’s U.S. dollar cash reserve has been shrinking while its preferred-stock dividend obligations have risen sharply, raising the likelihood of continued funding through additional share issuance—an outcome that can dilute common shareholders.

Key takeaways

• MSTR’s monthly chart is showing a potential head-and-shoulders pattern, with a breakdown risk cited around the $100–$105 neckline area.
• CryptoQuant data cited by Julio Moreno points to a faster decline in preferred-dividend coverage, now estimated at roughly 14 months.
• Strategy’s preferred shares (Stretch/STRC) have traded below their $100 par value, with an effective yield reported above the stated dividend rate.
• Funding preferred dividends and maintaining Bitcoin purchases may force Strategy into choices that could weigh on MSTR through dilution or reduced buying.

MSTR’s monthly head-and-shoulders setup revives downside debate

Late June market readings indicated that MSTR’s monthly price action was aligning with a head-and-shoulders (H&S) configuration. In classic technical analysis, an H&S pattern forms when price builds three peaks—two “shoulders” and a taller “head”—with a neckline connecting the key pullback lows between them.

The bearish case strengthens if the stock breaks down below the neckline, since the pattern often resolves by falling roughly the maximum vertical distance between the head and the neckline. In this instance, the potential line in the sand is described around $100–$105. A decisive monthly move below that zone would be consistent with the breakdown scenario.

The article’s technical framing also highlights a measured move that could extend the downside substantially. The cited target around $20 implies a decline on the order of 80% from current levels, contingent on how the pattern completes.

That magnitude is part of why the comparison is being made to Strategy’s dot-com-era comparison. The source notes that the company’s earlier stock collapse during the dot-com bubble burst followed a similar neckline break, eventually driving a decline exceeding 99% from a prior peak over roughly two years.

Cash reserve shrink and rising dividends raise dilution risk

Beyond the chart, Strategy’s capital structure is under scrutiny. CryptoQuant analyst Julio Moreno argued that MSTR faces increasing dilution risk as Strategy’s cash reserves compress and dividend commitments grow.

Moreno’s figures, cited as of June, indicate that Strategy’s U.S. dollar cash reserve had fallen 38% since the start of 2026. Over the same period, its yearly dividend obligations were described as having nearly quadrupled to about $1.2 billion.

The core mechanism involves Strategy using cash to service preferred-stock dividends, primarily tied to Stretch (STRC). Moreno further stated that STRC preferred-dividend coverage has slipped to roughly 14 months, down from more than seven years. In practical terms, that implies Strategy has cash to cover just over a year’s worth of those dividend payments, assuming no additional major changes.

This coverage pressure appears in STRC’s market pricing. The source reports STRC traded down to a record low of $82.50 last week and has since largely remained in the $82–$89 range, well below its $100 par value.

As STRC trades beneath par while investors anticipate dividend-related risk, the effective yield has widened. The article states STRC’s effective yield moved above 13%, versus a stated dividend rate of about 11.5%. That spread reflects compensation demanded by the market for holding a security now perceived as more likely to require future adjustments in funding.

“At current dividend obligations of $1.2 billion per year, restoring 24 months of coverage would require a cash reserve of approximately $2.8 billion, roughly twice what Strategy holds today,” Moreno said. “A higher cash reserve is the most direct signal the market needs to regain confidence in STRC.”

How Strategy’s funding choices could affect MSTR common shareholders

Strategy’s broader Bitcoin thesis remains central to how investors interpret these developments, because the firm holds a large BTC balance acquired at much higher reported averages than the spot price level referenced in the source. The article states Strategy holds 847,363 BTC, with an average acquisition cost around $75,650 per coin, compared with a BTC price of roughly $62,600 at the time of writing.

In downturns, selling Bitcoin to generate cash can conflict with a long-running accumulation narrative—especially if sales “lock in” losses. Instead of liquidating BTC, the source argues that Strategy has been leaning into alternative levers: raising STRC’s dividend rate and issuing additional MSTR common shares to raise cash.

To illustrate that approach, the article points to an SEC filing. It states Strategy sold 2.71 million MSTR common shares for about $335.5 million in June, while using only about $34.9 million of those proceeds to buy 520 BTC. The remaining cash would therefore be available to support dividend and other obligations rather than increasing the Bitcoin position.

That funding structure helps explain the dilution concern: raising equity to preserve Bitcoin holdings may keep BTC exposure largely intact, but it can increase the number of shares outstanding. For existing MSTR common shareholders, that means the path to maintaining the Bitcoin strategy may come with a built-in equity dilution tradeoff.

What to watch next for the stock and preferred dividends

As long as STRC stays below $100 and coverage remains tight, the market may continue to treat dividend funding as an active risk rather than a settled commitment. The article suggests that Strategy could respond by continuing common-share issuance, slowing Bitcoin purchases, or seeking ways to rebuild cash reserves—each of which could amplify pressure on MSTR if the market interprets it as weakening the common equity’s risk profile.

Traders and long-term investors will likely focus on whether MSTR confirms a monthly breakdown beneath the $100–$105 neckline zone, and whether CryptoQuant’s coverage metrics stabilize—particularly if STRC trading begins to reflect improved confidence in dividend durability.