London-based Velocity has raised an additional $10 million, extending its Series A to $48 million at a $200 million post-money valuation, with participation from Visa Ventures, Circle Ventures, and Ripple. The fresh capital will fund infrastructure connecting stablecoins to existing payment networks, settlement systems, and corporate treasury operations.

The extension follows a $38 million Series A announced in July, which CEO Eric Queathem said was oversubscribed. Haun Ventures, Translink Capital, and Mirana Ventures also joined the extension round, pushing the total investor list well beyond typical crypto-native venture backers into strategic corporate money from a card network and a stablecoin issuer directly.

Velocity’s platform lets payment companies and banks use stablecoins for settlement, liquidity, and treasury operations without ripping out the systems they already run. That’s a deliberate scope: the company is targeting the layer connecting issuers, card networks, acquirers, and merchants, not the wallet consumers see.

Stablecoin circulation has grown past $300 billion, with usage expanding from crypto-exchange dollar transfers into payments, cross-border transfers, and corporate treasury work, the exact seam Velocity is trying to occupy.

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The Back-End Layer Nobody Fixed

Queathem’s framing draws directly on his time at Worldpay, which settles more than $2 trillion in annual payment volume. His diagnosis: consumer payments got faster and slicker over the past decade and a half, but the machinery behind them didn’t.

“All this capital has flowed into payments over the last 15 years, and it’s been 100% focused on how do you create a better experience on the front end for consumers,” Queathem said. “But no one has fixed the back-end layer.”

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Why Ripple Participates?

Visa’s check is notable precisely because Velocity isn’t pitching stablecoins as a card replacement. The company expects blockchain-based money to sit underneath existing payment rails, absorbing more of the funding and settlement work that happens invisibly to end users.

Visa’s Rubail Birwadker, global head of growth products and strategic partnerships, said stablecoins are playing an increasingly important role in reshaping how value moves across the Visa ecosystem, a statement that reads less like hedging and more like a network trying to own the migration rather than get disrupted by it.

Velocity Chief Growth Officer Matt Larson made the consumer-invisibility point explicit: it probably doesn’t lead to everyone switching to stablecoin wallets. Instead, he expects the funding and settlement flowing around card networks to increasingly shift toward stablecoin rails while the front-end experience stays unchanged.

Queathem’s longer bet is more aggressive; he expects every global business to hold some value onchain within five years, which would create sustained demand for reconciliation and treasury tools bridging blockchain assets with legacy financial systems.

That’s a projection, not a confirmed trend, and it’s worth treating it as one. But the investor list here isn’t speculative money chasing a narrative. It’s a card network and a stablecoin issuer putting capital behind the specific thesis that treasury and settlement infrastructure, not retail wallets, is where stablecoin adoption compounds first.

Ripple participation fits a broader pattern of the company pushing RLUSD and related infrastructure into institutional credit and treasury products rather than retail-facing crypto rails, reinforcing the same back-end thesis Velocity is selling to its bank and payments-company clients.

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The post Ripple Joins Velocity, Targets Payment Back End With $10 Million Extension appeared first on Cryptonews.

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The world’s largest cryptocurrency exchange will end support for several trading pairs across its margin and spot sections.

Many of the involved digital assets have entered red territory today (September 16), but is Binance the sole reason for their poor performance?

The Upcoming Delistings

The company conducts periodic reviews of all listed trading pairs on its platform and removes those that no longer meet key criteria, such as adequate liquidity, solid trading volume, development activity, and more.

Based on this research, it will delist the following cross-margin pairs: ENJ/USDC, GENIUS/USDC, CVX/USDC, and VANA/USDC, as well as the isolated-margin pair GENIUS/USDC.

The actual removal is scheduled for September 18. On the same day, the exchange will terminate access to the BREV/USDC, COOKIE/USDC, LA/USDC, and QNT/USDC spot trading pairs.

“The delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot. Users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on Binance,” the entity clarified.

Most of the cryptocurrencies included in the delisting efforts have posted daily losses, yet Binance doesn’t seem to be the main culprit behind the decline. Perhaps the main factor is the overall market correction, caused by the CLARITY Act failure.

Binance remains a behemoth in the industry and can trigger a major crash, but that typically happens when it terminates all trading services for certain tokens, not just trading pairs. Such was the case in August this year when it said goodbye to Across Protocol (ACX), Hashflow (HFT), PIVX (PIVX), Vulcan Forged PYR (PYR), Vanar (VANRY), and Viction (VIC). All affected coins plunged by double digits after the news.

On the other hand, Binance support can drive a substantial price pump. Just a few weeks ago, the exchange added PONS to its Binance Alpha section, thus contributing to the token’s rally and its brief entry among the top 100 cryptocurrencies.

The Scam Warning

In addition to updating its platform, Binance recently issued a critical scam alert about phishing attacks targeting crypto investors. The team disclosed that attackers send fake text messages that seem official, such as “Your account settings were changed: or “Suspicious login detected,” to trick users into clicking malicious links that could result in painful losses.

“Remember: Binance will never ask you to tap a link in a text message to “verify” or “secure” your account,” the company emphasized.

It also outlined steps that could improve protection. People should never click on unfamiliar links, turn on Withdrawal Address Whitelist in the security settings, and enable Anti-Phishing Code.

The post Binance Unveils Multiple Delistings: Check Out the Affected Cryptocurrencies appeared first on CryptoPotato.

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Zoomex’s TradFi Zone includes a set of ETF-linked perpetual contracts alongside its single-stock and commodity lineup, giving users USDT-margined exposure to broad index, sector, and leveraged ETF products through the same interface used for crypto derivatives.

What an ETF perpetual is

A traditional ETF gives investors diversified exposure to an index or sector without picking individual stocks. It trades on an exchange during market hours, settles in fiat, and is bought and sold as a share.

An ETF perpetual contract references the same underlying product but works differently in three respects. It has no expiry, so a position can be held as long as margin requirements are met. It is margined and settled in USDT rather than fiat, which means no currency conversion and no separate brokerage account. And it trades continuously rather than during exchange hours.

That last difference is the practical one. A traditional ETF position cannot be adjusted when the underlying market is closed, which covers roughly two-thirds of every week once evenings and weekends are counted. A perpetual contract referencing the same ETF can be opened, adjusted, or closed at any point.

The trade-off is that a perpetual contract is a derivative, not ownership of the underlying fund. It carries funding payments, margin requirements, and liquidation risk that a spot ETF holding does not.

The contracts available

Zoomex’s ETF perpetual lineup covers several distinct types of exposure.

Broad market index. SPYUSDT references the SPDR S&P 500 ETF Trust, the most widely held ETF tracking the S&P 500, and gives exposure to the broad US large-cap market in a single contract. QQQUSDT references the Invesco QQQ Trust, which tracks the Nasdaq 100 and carries a heavier weighting toward technology than the S&P 500.

Small-cap exposure. IWMUSDT references the iShares Russell 2000 ETF, tracking US small-cap equities. Small caps historically behave differently from large caps across the economic cycle, which is why the contract sits in the lineup as separate exposure rather than as a variation on SPY.

Sector-specific. XLFUSDT references the Financial Select Sector SPDR Fund, covering banks, insurers, and other financial companies. XLKUSDT references the Technology Select Sector SPDR Fund, covering the technology names within the S&P 500. Sector contracts let users take a position on a specific part of the market rather than the index as a whole.

Leveraged. TQQQUSDT references ProShares UltraPro QQQ, a 3x leveraged product tracking the Nasdaq 100. Because the underlying ETF is already leveraged, price movement in this contract is amplified relative to QQQ before any additional leverage a user applies on the platform. It is the highest-risk instrument in the group and behaves differently over multi-day holding periods than an unleveraged product, due to the compounding effects inherent to leveraged ETFs.

How the contracts work on Zoomex

All ETF perpetuals run on the same infrastructure as Zoomex’s crypto perpetuals. There is no separate account, no different interface, and no distinct onboarding flow. Users search the ticker under the TradFi category and open a position the same way they would on any crypto pair.

Contracts are USDT-margined and support both cross and isolated margin modes. Published contract specifications cover leverage caps, tick size, funding rate schedule, and margin requirements, each visible before a position is opened rather than disclosed afterward.

Funding is exchanged at fixed intervals, following the same mechanics that apply to the platform’s crypto perpetuals. Because these contracts track assets that trade on traditional exchanges during limited hours, pricing outside those hours reflects the market’s ongoing assessment rather than a quoted exchange price, which is worth understanding before holding a position across a weekend.

Positions can be opened long or short. The ability to take a short position without a margin account at a traditional broker is one of the structural differences between an ETF perpetual and a conventional ETF holding.

Risk considerations

ETF perpetuals carry the risks common to all leveraged derivatives. Positions can be liquidated if margin requirements are not met, and losses can exceed initial expectations in fast-moving conditions. Funding payments accrue over time and affect the cost of holding a position.

Leveraged ETF products such as TQQQ carry additional considerations. A 3x leveraged ETF is designed to deliver three times the daily return of its index, not three times the return over longer periods. Over multi-day holding periods, compounding means the realised return can diverge meaningfully from three times the index’s move over the same window, particularly in volatile or range-bound conditions. Users considering positions in leveraged ETF perpetuals should understand this behaviour before holding across multiple sessions.

Zoomex publishes contract parameters, funding schedules, and liquidation mechanics for every contract in the TradFi Zone. Users should review these before opening a position, and treat position sizing as a function of account balance rather than of available leverage.

Why ETF perpetuals fit the Zoomex model

ETF perpetuals extend the same logic that underpins the rest of Zoomex’s TradFi Zone. The exchange has not pivoted away from crypto derivatives to chase traditional markets; it has extended the same derivatives engine, matching logic, and risk controls that already serve its crypto perpetuals to a wider set of underlying assets.

For users, that consistency is the point. The same margin mechanics, the same order types, the same risk tools, and the same published rules apply whether a position references Bitcoin or the S&P 500. A user who already understands how a crypto perpetual behaves on the platform does not need to learn a second system to take a position on an index.

Access follows the same Fair Access & Rule-Based Execution framework applied across the product suite. Contracts are not gated behind separate onboarding or tiered eligibility, and execution logic applies identically regardless of position size.

About Zoomex

Founded in 2021, Zoomex is a global cryptocurrency trading platform focused on derivatives trading. The platform serves over 3 million users across 35+ countries and regions, offering access to 700+ trading pairs. Built around ease of use, transparency, fairness, and speed, Zoomex provides a clear and efficient trading experience for users worldwide.

Through its high-performance matching engine, clear asset and order displays, and transparent fee and rule mechanisms, Zoomex helps users better understand their account status, order execution, trading costs, and results. Zoomex maintains registrations, licenses, and regulatory statuses across multiple jurisdictions, including the U.S. MSB, Canada MSB, U.S. NFA, and Australia AUSTRAC, and has completed security audits conducted by blockchain security firm Hacken. The platform also continues to strengthen its trust framework through Proof of Reserves, Security & Transparency, Compliance Information, and Fees / Rules Transparency initiatives.

Beyond trading, Zoomex builds a refined brand experience through elite sports partnerships, including the TGR Haas F1 Team, World Cup-winning goalkeeper Emiliano Martínez, and world-class tennis events such as Wimbledon. The values of speed, precision, discipline, fair play, and rule-based execution are closely aligned with Zoomex’s approach to derivatives trading.

At Zoomex: Easy to Use. Transparent balance. Fair access to your earnings.

The post Zoomex TradFi Zone: How ETF Perpetual Contracts Work appeared first on BeInCrypto.

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Italy is probing the Revolut-linked breach after its cyber agency reported more than 650 cases involving abused or illicit certified email accounts.

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The Federal Reserve raised interest rates by a quarter point on Wednesday, lifting the target range to 3.75% to 4.00%. All 12 voting officials backed the move, the first increase since 2023.

Forecasts released alongside the decision went further than the hike itself. A total of 16 of 18 policymakers now expect at least one more increase before the year ends.

The Statement Dropped Its Explanation for Inflation

The wording moved further than the rate did. In July, the Fed pinned part of high inflation on supply shocks in sectors including energy. That line is gone.

One claim replaced it. Wednesday’s increase will support a “timelier” return to the 2% goal. The closing promise survived intact, that the committee will deliver price stability.

Officials also raised their assessment of business investment and swapped a reference to the Middle East conflict for broader geopolitical developments.

Projections Show 16 Officials Want Another Hike

The dot plot, a chart where each of 18 policymakers marks where they think rates should sit, turned sharply hawkish.

Officials put core Personal Consumption Expenditures (PCE) inflation, the Fed’s preferred price gauge, at 3.4% in December 2026 and 2.5% a year later. They cut the unemployment forecast to 4.1% for both years, from 4.3%.

BeInCrypto reported in June that nine officials had broken ranks. That count has now nearly doubled.

Bitcoin Climbed While Gold Gave Up Gains

Bitcoin traded near $76,152 after the release, up 0.7% over 24 hours. Prices jumped from roughly $75,350 to above $76,100 within minutes of the announcement.

Gold went the other way. Spot prices spiked toward $4,368, then sold off hard and settled near $4,333.

The hike landed in a week already going badly for crypto. Bitcoin and XRP slid after the CLARITY Act’s failure in the Senate, a bill that would have set out which US regulator oversees digital assets, wiping out more than $300 million in leveraged bets.

White House adviser Christopher Phelan warned against a hike this week, citing falling inflation data. Chair Kevin Warsh has delivered zero cuts since Powell left.

Traders are keeping their bets on another increase this year. Warsh’s press conference decides whether that holds.

The post Fed Hikes to 4%: Why Are 16 Officials Still Not Done? appeared first on BeInCrypto.

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