Crypto World
Vietnam Targets Binance and OKX Users With $1,900 Fines; Coinbase Faces Scrutiny in China
Vietnam is moving to tighten oversight of crypto trading by cracking down on retail users who access overseas platforms not licensed in the country. At the same time, lawmakers and regulators across Asia are continuing to reshape how digital assets fit into financial law—through new classifications, asset-management rules, and enforcement actions.
Below is a regional roundup of the most consequential policy and compliance developments highlighted across Vietnam, Malaysia, Japan, South Korea, China and Hong Kong, and Indonesia.
Key takeaways
- Vietnam plans penalties of up to $1,900 for retail crypto trading on unlicensed offshore exchanges such as Binance, OKX, and Bybit, ahead of a regulated market rollout that is scheduled to begin on September 1.
- Japan’s parliament has passed revisions that reclassify cryptocurrencies as financial assets, shifting oversight away from the Payment Services Act and introducing new compliance requirements.
- South Korea is seeking to include crypto within the country’s “national assets” framework by rewriting the State Property Act as a National Asset Basic Act.
- In South Korea, regulators have begun sanction procedures against Upbit operator Dunamu following a $30 million hack, while broader legislative gaps around digital asset failures remain under review.
- Malaysia’s immigration and local authorities are investigating an Israeli citizenship controversy tied to Network School in Forest City, amid claims that the venue has been used through second passports.
Vietnam sets penalties for retail trading on offshore exchanges
Vietnam’s Finance Ministry has outlined fines targeting retail users who trade crypto on unlicensed overseas platforms rather than using locally licensed exchanges. The proposed penalties can reach up to $1,900 for retail participants, depending on the specifics of the activity and the platform involved.
The enforcement focus extends beyond individual traders. Domestic investors who trade crypto assets designated exclusively for foreign investors can face fines up to $3,800. Meanwhile, crypto companies that provide or advertise services without a license—or fail to properly identify customers—or unlawfully handle crypto account data can be fined up to $7,600.
The policy is scheduled to take effect alongside a regulated digital asset market framework due to start on September 1. However, the sticking point is that Vietnam’s regulator has not yet issued exchange licenses for the regulated market, even though five exchanges have reportedly been approved “in principle.”
For investors and traders, this gap matters: penalties are aimed at use of unlicensed offshore venues, but the local licensing pipeline is still not operational. Market participants should watch closely for when Vietnam’s first regulated exchange licenses are formally issued and which products and investor categories each approved platform will be allowed to support.
Malaysia investigation highlights passport and visa compliance risk
Malaysia’s immigration authorities are investigating claims that Network School in Forest City—founded by Balaji Srinivasan and designed around the idea of “network states”—has been hosting Israeli citizens via second passports.
According to reporting linked in the source coverage, the allegations trace back to an activist group, Malaysia Protest 4 Palestine, which accused the school of operating as a “gathering place for Israeli entrepreneurs.” In response to the controversy, Srinivasan had threatened to remove the Network School and its associated investments from Malaysia, according to earlier international headlines mentioned in the source.
The Immigration Department said its investigation found that 266 foreigners have valid documents. Separately, the Johor state government is continuing its probe to ensure compliance with local rules, including business licenses, building usage, and commercial operations.
From a policy perspective, the episode underscores how quickly immigration, licensing, and nationality rules can collide with crypto-adjacent narratives and cross-border talent flows. While dual nationals holding Israeli passports are reported to be allowed “for now,” the controversy suggests scrutiny could intensify, potentially closing loopholes that make certain residency or entry routes easier than regulators intend.
Japan reclassifies crypto as financial assets
Japan has moved to tighten the legal framework around digital assets by passing revisions to the Financial Instruments and Exchange Act that reclassify cryptocurrencies as financial assets.
As described in the source coverage, this change takes crypto regulations out of the Payment Services Act. The shift is framed as a mixed outcome for market participants: it brings regulatory expectations closer to traditional finance (TradFi), including stricter enforcement and compliance burdens, while also changing the tax profile for holders.
One of the most immediate implications is enforcement. The source notes that unlicensed crypto platforms could face penalties of 10 million yen or up to 10 years in jail. A new ban on insider trading in crypto is also included, to be policed by the Securities and Exchange Surveillance Commission.
On the tax side, current crypto tax rates—reported as up to 55%—are expected to be reduced to approximately 20%, with a three-year carry forward for losses. However, the revised tax rules do not take effect until 2028.
This timing gap creates uncertainty for investors trying to plan around a trading and tax strategy that spans the transition. Market participants should consider how current tax treatment applies until the 2028 effective date, and whether future guidance clarifies how trading activity should be recorded across the regulatory transition.
South Korea proposes crypto inclusion in national asset management
South Korea is looking to formally expand the scope of state asset management to include both crypto and intellectual property. The Ministry of Economy and Finance announced it is rewriting the 1950 State Property Act into a National Asset Basic Act, which would define “national assets” in a way that explicitly embeds cryptocurrency.
The source coverage emphasizes that the older framework was developed during an economy centered largely on real estate, and that the update would shift emphasis from merely managing assets to generating value from them. The practical implications for the industry are straightforward: if crypto is treated as a category of national assets, it could influence how the state approaches custody, risk management expectations, and the boundaries of public participation or oversight.
Regulatory enforcement and legislative follow-through
South Korea’s broader regulatory direction also includes enforcement actions. The source notes that the Financial Supervisory Service (FSS) has started sanction procedures against Upbit operator Dunamu after the platform was hacked for about $30 million in November. The FSS is reportedly determining whether the incident violated the Virtual Asset User Protection Act, while the source highlights that the law may not provide sanctions specifically for hacks or IT failures.
The coverage further states that legislators are expected to address that oversight in a forthcoming Digital Asset Basic Act, with talks reportedly restarted after a four-month pause.
Alongside enforcement and legislation, the source includes other ongoing developments, such as extensions of victim compensation schemes to cover crypto scams and a proposal by tax authorities to establish clearer procedures for seizing self-custodied crypto wallets during investigations.
Coinbase verification shift for mainland China users
Separately, Wu Blockchain reports that Coinbase has opened up user verification for accounts solely based in China. Previously, Chinese users reportedly needed to provide a Hong Kong address; the source claims they can now verify using only a Chinese ID card and a Chinese address.
However, the report also states that China does not currently appear in Coinbase’s list of supported countries on its help documentation. That mismatch suggests either a narrow operational change or a staged rollout of verification capabilities that does not equate to full country support for services.
For users, the practical takeaway is to confirm eligibility directly during onboarding and to treat verification availability as distinct from whether all account features are accessible in a given jurisdiction.
Other regional updates: Hong Kong tokenized funds and Bybit’s Indonesia platform
In Hong Kong, the source notes that the territory approved its first crypto-native tokenized fund from Baillie Gifford, allowing professional investors to have direct blockchain-based ownership of underlying assets.
Meanwhile in Indonesia, the coverage says Bybit is launching a regulated platform following its acquisition of the local NOBI exchange. Bybit is reportedly retaining NOBI’s senior management team to run the Bybit Indonesia operation, signaling continuity on the operating side while shifting regulatory posture under the new ownership structure.
Across the region, the common theme is that regulation is tightening while timelines and operational gaps remain: Vietnam’s licensing is still pending even as penalties loom, Japan’s tax relief arrives years after the legal reclassification, and South Korea’s state-asset framework is taking shape alongside enforcement for platform security. The next signal to watch is how quickly regulators turn policy announcements into functioning compliance infrastructure—especially licenses, tax guidance, and enforcement standards that affect day-to-day trading and custody decisions.
Ripple’s native token pushed back toward $1.13 on Tuesday as buyers defended the $1.08-$1.10 area and tried to turn a short-term recovery into a breakout.
Summary
- XRP reclaimed $1.13 as short-term momentum improved, though its broader descending channel remains firmly intact.
- Spot XRP ETFs added $2.49 million, extending institutional demand despite persistent weakness in the token.
- Analysts see $1.35 upside after breakout confirmation, while longer-term resistance keeps downside risks clearly active.
At press time, crypto.news market data showed XRP near $1.13, up about 4.1% over 24 hours.
The rebound has improved short-term momentum, but the larger structure remains weaker. The token still trades inside a descending channel that has limited rallies, leaving the market with two different signals: a possible near-term breakout and a broader trend that has not yet turned bullish.
XRP tests $1.13 as traders watch $1.35
Crypto analyst Ali Martinez said XRP’s monthly chart had produced a TD Sequential buy signal, while the hourly chart showed price compressing inside a symmetrical triangle. He said a sustained move above $1.13 could open a roughly 20% rally toward $1.35. The setup gained attention as the token climbed from the lower end of its recent range.
However, $1.13 is only the first test. A recent crypto.news analysis placed resistance near $1.17, followed by about $1.27 and $1.37 if buyers continue to gain control. The supplied daily chart also shows XRP above the middle Bollinger Band near $1.11 but below the upper band around $1.16. A close above $1.16 would strengthen the recovery, while a drop below $1.11 would weaken momentum.
The Balance of Power indicator near 0.86 points to strong buying pressure on the latest candle. Still, one strong reading does not confirm a trend reversal. XRP has produced several relief rallies during its wider decline, so buyers still need to hold reclaimed levels and build volume above resistance.
ETF inflows support the rebound
U.S.-listed spot XRP ETFs recorded $2.49 million in net inflows on July 20, according to SoSoValue data. Bitwise’s fund was the only product to record net buying for the session, lifting its cumulative inflows to about $501 million. Total XRP ETF assets stood near $1.017 billion, while cumulative net inflows remained around $1.489 billion.
That demand continues a pattern seen through much of 2026. XRP ETFs have absorbed close to one billion tokens while exchange reserves have fallen to multi-year lows. Yet the tighter available supply has not produced a sustained rally. XRP has remained far below its July 2025 peak despite steady ETF demand.
U.S. spot XRP ETFs attracted $6.78 million last week while the listed products held about 971 million XRP. That steady demand provides support, but price still needs a clear technical break before traders can treat the current move as more than another rebound inside a larger decline.
Analysts split over the larger trend
The latest bounce has produced sharply different long-term forecasts. EGRAG CRYPTO said XRP may be forming a third macro bottom around the $0.90-$1.00 area, supported by long-term exponential moving averages. His roadmap places $1.23 as an initial reclaim level and $1.56 as a stronger confirmation before much higher long-term targets.
Those projections remain speculative. EGRAG said the third bottom has not yet been fully confirmed, while his targets of $9, $15 and $31 rely on Fibonacci extensions and a future macro breakout.
Chart analyst ChartNerd has taken a more cautious view, arguing that XRP remains in a long-term downtrend after a bearish 20-week and 50-week EMA crossover formed earlier in 2026.
ChartNerd said rallies toward roughly $1.29 or even $1.60 could still face heavy resistance unless XRP breaks above its larger descending structure. The broader technical picture also remains cautious, with recent analysis placing XRP beneath descending resistance despite improving short-term price action.
A move toward $1.35 would confirm the short-term triangle breakout described by Martinez, but XRP would still need to reclaim higher weekly resistance before the larger trend changes. The divide between improving momentum and continued long-term weakness remains central to the current setup.
XRP bulls need to clear $1.16
The clearest short-term levels sit close to the current price. The $1.11 area, which aligns with the middle Bollinger Band, acts as the first support. The $1.16 area marks the upper band and a nearby resistance zone. A sustained move through that level would strengthen the case for a push toward $1.20, $1.27 and eventually $1.35.
On the downside, losing $1.11 would weaken the latest recovery and put the $1.08-$1.10 area back in focus. A deeper breakdown could return attention to the $1.05-$1.00 zone, where buyers have recently defended the market.
Meanwhile, institutional demand remains a supporting factor rather than a confirmed breakout driver.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Bitcoin is trading at just a nod above $66,000 after a 3% rally since yesterday morning, with price prediction pointing at a $70K target. That may not look dramatic at first glance, yet the weekly trend tells a stronger story. Bitcoin has added 6% over the past seven days, while improving on-chain positioning and whale accumulation continue supporting the bullish case. Unsurprisingly, $70,000 is becoming the next target.
Meanwhile, the total crypto market cap has climbed to around $2.25 trillion, recovering ground lost earlier this month. A decisive move above June’s local high could open the door to another leg higher. Cardano led the major gainers after the Van Rossem hard fork went live on the mainnet. This was a meaningful network upgrade that reduced the cost of executing Plutus smart contracts.
Elsewhere, FTX’s fifth creditor payout remains scheduled for July 31, releasing roughly $900 million to eligible users. That will bring total distributions to about $10 billion. Some recipients could lock in profits, while others may redeploy capital into crypto. Either way, the payout is one event traders will keep on their radar.
Even so, the macro backdrop still deserves attention. Stablecoin outflows from Binance and Bybit reached roughly $2.3 billion over the past month, leaving less sidelined capital available for fresh buying. That partly explains why Bitcoin has struggled to clear resistance despite improving sentiment. Still, the longer-term bullish structure remains intact. Sometimes the market prefers a short breather before making its next move.
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Bitcoin Price Prediction: $70K This Week?
Bitcoin is pressing against the $66K to $68K zone, a former support area that flipped into resistance after the recent breakdown. The 61.8% Fibonacci retracement of the May to June decline sits near the upper end of that range. Price action has remained steady rather than explosive, which often hints at accumulation rather than a panic-fueled squeeze.
Meanwhile, options positioning still favors the bulls. Call buying around the $70K to $75K strikes has increased, suggesting traders are paying for upside exposure instead of downside protection. Large whale wallets have continued accumulating for weeks, while mid-sized holders have trimmed positions. Sometimes the big fish really do eat first.
If Bitcoin pushes above $68K and turns that level into support, momentum could carry it toward $70K. That level has become the next obvious magnet for traders. However, bulls still need a convincing close above resistance before popping the champagne.
The base case remains a period of consolidation between $64K and $68K as liquidity rebuilds. Markets rarely move in straight lines, no matter how much traders wish they would. If that range holds, the eventual breakout could simply arrive a little later than expected.
On the flip side, a firm rejection from the $66K to $68K resistance zone could drag Bitcoin back toward the $61K to $62K support area. A break below $60K would weaken the current market structure and force traders to reassess the trend. Spot ETF flows and macroeconomic data remain the key swing factors.
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Bitcoin Hyper Targets Early Mover Upside as Bitcoin Tests Key Levels
Bitcoin at $66K is a meaningful recovery, but at its market cap, the math on percentage gains is unavoidably different from what early BTC holders experienced. Traders who want Bitcoin-correlated exposure with asymmetric upside potential are increasingly looking at infrastructure projects built on top of Bitcoin itself, where the upside multiples are structurally larger.
Bitcoin Hyper ($HYPER) is one project drawing serious attention in that category. It positions itself as the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration. The argument being that it can deliver faster transaction performance than Solana while inheriting Bitcoin’s security model.
Hyper boasts a sub-second finality and low-cost smart contract execution on a Bitcoin-secured network, addressing three of Bitcoin’s persistent limitations simultaneously: slow throughput, high fees, and limited programmability.
The presale has raised $32,97 million at a current token price of $0.0136834, with staking available for early participants. It’s a no-brainer of an investment at the current Bitcoin price prediction.
For traders wanting to research the thesis: explore Bitcoin Hyper’s presale details here.
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The post Bitcoin Price Prediction: Now, $70K is the Target appeared first on Cryptonews.
An Argentine federal judge ordered the identification and freezing of 25 cryptocurrency wallets tied to the LIBRA memecoin case, targeting accounts routed through exchanges including Binance, Bybit, OKX and Bitfinex, according to a court document reviewed by Clarín. Judge Marcelo Martínez de Giorgi… Read the full story at The Defiant
Ant International has completed a roughly $1.2 billion Series A funding round, securing backing from Ant Group, Alibaba, existing shareholders, and global investment firms to expand its international fintech business and AI capabilities.
Summary
- Ant International has completed a roughly $1.2 billion Series A funding round backed by Ant Group, Alibaba, existing shareholders, and global investors.
- The company said the capital will expand its international business, increase AI investment, and strengthen cross border payment and global account services.
- The financing comes as Ant International continues building its blockchain payments network and advances stablecoin licensing plans across multiple markets.
Chinese media outlet Yicai reported on Tuesday that the financing will support Ant International’s global expansion, increase investment in artificial intelligence, and extend services including cross-border payments and global accounts. The company said the capital will also help merchants grow through its international financial technology offerings.
The financing follows months of investor interest in Ant International as the Singapore-based unit continued expanding outside mainland China. In June, Bloomberg reported that the company had been exploring a fundraising round of about $1 billion at a valuation of at least $10 billion after recording eight consecutive quarters of profitability, citing people familiar with the matter.
Funding backs AI and international payments strategy
The newly completed Series A round included participation from Ant Group, several existing shareholders including Alibaba, and multiple international investment institutions, according to Yicai. The company did not identify the outside investors participating in the financing.
According to the report, the fresh capital will be directed toward growing Ant International’s presence across overseas markets while increasing spending on AI technologies. The company also plans to expand inclusive fintech products focused on cross-border payments and global account services for businesses operating internationally.
Ant International has become the centerpiece of Ant Group’s overseas business after the parent company reorganized several units into independently governed businesses. On March 19, 2024, Ant Group Chairman Eric Jing announced that Ant International, OceanBase, and Ant Digital had each established separate boards of directors to operate independently in the market.
The current leadership team includes Jing as chairman, Yang Peng as chief executive officer, and Douglas Feagin as president, according to the local report.
Operating from Singapore, Ant International now serves markets across Asia, Europe, the Middle East, and Latin America. The company says its network connects more than 150 million merchants with over 2 billion consumer accounts through innovation, settlement, and operational centers in Shanghai, Hong Kong, Singapore, and Malaysia.
Its business is organized into four operating units: Alipay+, merchant payments platform Antom, cross-border financial services provider WorldFirst, and Bettr, which develops AI-powered treasury management and fintech products for businesses.
Global expansion builds on blockchain and stablecoin plans
The latest financing comes as Ant International continues expanding its blockchain-powered payments infrastructure and regulated digital asset initiatives.
Bloomberg reported in June that Ant International generated an estimated $3.7 billion in revenue during 2025, an increase of about 25% from the previous year. Although the business accounted for roughly one-tenth of Ant Group’s total revenue, Bloomberg said its international operations had been growing faster than several of the company’s domestic businesses.
A large part of that international strategy centers on cross-border payments. Ant International previously said its Alipay+ network operates in more than 100 markets, allowing consumers to pay with their existing digital wallets while merchants receive settlements through local payment systems.
Supporting that network is Whale, the company’s blockchain platform. According to previous company figures cited by Bloomberg, Ant International processed more than $1 trillion in global transactions during 2024, with about one-third of those payments settled through blockchain infrastructure.
The company has also been extending the platform into enterprise treasury management. Previous collaborations with Standard Chartered included blockchain-based liquidity transfers denominated in Singapore dollars after earlier Hong Kong dollar settlement trials under the Hong Kong Monetary Authority’s Ensemble Sandbox initiative for tokenization.
At the same time, Ant International has been incorporating regulated digital assets into its payment infrastructure. Earlier this year, the company integrated Circle’s USDC stablecoin into parts of its cross-border settlement network, allowing selected transactions to settle over blockchain rails instead of relying entirely on traditional correspondent banking systems.
Regulated stablecoins are expected to become another part of Ant International’s international strategy. Bloomberg reported in June 2025 that the company planned to apply for stablecoin issuer licenses in Hong Kong, Singapore, and Luxembourg. A company spokesperson confirmed at the time that it would seek a fiat-referenced stablecoin issuer license in Hong Kong after the city’s Stablecoins Ordinance took effect, with applications in Singapore and Luxembourg expected to follow.
Speaking previously at the Singapore FinTech Festival, Ant Group Chairman Eric Jing said artificial intelligence and tokenized settlement technologies could make financial services more accessible, underscoring the technologies the company continues to prioritize as it expands its international business.
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United Stables has adopted Chainlink as the official oracle and cross-chain infrastructure for its U stablecoin after the asset surpassed $1 billion in circulating supply and more than $2.5 billion in daily trading volume.
Summary
- United Stables has adopted Chainlink as the official oracle and cross chain infrastructure for its U stablecoin after the asset surpassed $1 billion in supply.
- Chainlink Data Feeds and Proof of Reserve are now live, while CCIP will support future cross chain transfers of U.
- The integration builds on Chainlink’s expanding institutional presence as more stablecoin and DeFi projects adopt its interoperability and data services.
According to an announcement from United Stables, the company has integrated Chainlink’s data and interoperability products to strengthen pricing, reserve verification, and future cross-chain transfers for U, its dollar-pegged stablecoin launched on BNB Chain and Ethereum in December 2025.
The rollout includes Chainlink Data Feeds and Proof of Reserve, both of which are now live. United Stables said it also plans to integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to support secure transfers of U between blockchain networks as the stablecoin expands across the multi-chain ecosystem.
The company said the decision followed a review of security standards across the industry after recent incidents exposed weaknesses in legacy oracle and bridge infrastructure. According to United Stables, fragmented liquidity, unverified pricing, and vulnerabilities in cross-chain transfers were among the issues it sought to address by adopting Chainlink’s infrastructure.
Data feeds, reserve verification go live
Under the integration, Chainlink Data Feeds now provide decentralized pricing data that United Stables said supports more than 20 lending protocols. At the same time, Chainlink Proof of Reserve allows users and protocols to verify the collateral backing U through on-chain cryptographic checks.
United Stables launched U in December 2025 as a fully backed stablecoin designed for trading, payments, decentralized finance, institutional settlement, and AI-driven applications. At launch, the company said U was backed one-to-one by cash and audited stablecoins including USDC, USDT, and USD1, with reserves held in segregated accounts and verified through on-chain Proof of Reserve alongside quarterly independent audits.
Athena, chief executive officer of United Stables, said the Chainlink integration allows users, institutional partners, and decentralized finance protocols to access verified pricing data, independently confirm U’s collateral around the clock, and eventually transfer the stablecoin securely across multiple blockchain networks.
She added that the company views cryptographic verification as a core requirement for building trust as U expands beyond its initial deployments.
Johann Eid, chief business officer at Chainlink Labs, said the infrastructure would allow United Stables to extend U across decentralized finance while relying on Chainlink’s decentralized oracle and interoperability network. According to Eid, the platform is designed to support institutional-scale stablecoin activity across multiple blockchains.
CCIP planned for future multi-chain transfers
Beyond the services already deployed, United Stables said it intends to adopt Chainlink CCIP to power cross-chain transfers of U. According to the company, the protocol is expected to reduce friction when liquidity moves between supported blockchain networks while providing an additional security layer for interoperability.
For United Stables, the announcement builds on the roadmap introduced when U launched late last year. Alongside decentralized finance integrations with platforms including PancakeSwap, ListaDAO, Aster, and Four.meme, the company said it plans to add confidential balances and AI-focused payment capabilities through technologies such as EIP-3009 and delegated transaction execution.
According to United Stables, combining its liquidity infrastructure with Chainlink’s oracle, reserve verification, and interoperability products is intended to provide transparent collateral verification, secure pricing data, and future cross-chain functionality as U continues expanding across BNB Chain, Ethereum, TRON, and other supported blockchain networks.
CCIP has become one of Chainlink’s main products for blockchain interoperability over the past year. Earlier this month, Aave expanded its use of the protocol by making CCIP the default cross-chain infrastructure across the Aave App and Stable Vaults. According to Aave, the same infrastructure now handles token transfers, vault rebalancing, governance execution, deposits, withdrawals, and yield optimization instead of relying on separate systems for different cross-chain functions.
Aave also said CCIP already powers transfers of its GHO stablecoin across supported networks through Chainlink’s Cross-Chain Token standard. Cross-chain governance proposals are also executed through the Aave Delivery Infrastructure, which uses CCIP to relay approved governance actions from Ethereum to other blockchain networks where Aave operates.
Security has remained a key part of CCIP’s design. According to Aave, every bridge lane is secured by at least 16 independent node operators distributed across different organizations and regions, while built-in rate limits restrict the amount of value that can move during abnormal conditions.
Chainlink continues institutional expansion
The latest integration adds to Chainlink’s growing presence across both decentralized finance and institutional financial infrastructure.
In June, Chainlink joined Project Pangea, a bank-backed initiative focused on testing stablecoin-based foreign exchange settlement between Europe and South Korea. According to Chainlink, the project includes FairSquareLab, UniKA, and Qivalis, representing more than 50 banks with over $10 trillion in assets under management. The initiative uses Chainlink infrastructure alongside ISO 20022 messaging and existing SWIFT systems to test atomic payment-versus-payment settlement using compliant euro and South Korean won stablecoins.
Chainlink has also expanded into traditional market infrastructure. In January, BitMEX said it would use Chainlink Data Streams to provide pricing for its planned Equity Perpetuals, allowing the exchange to support perpetual contracts linked to stocks and exchange-traded funds using continuous market data from multiple sources.
The Depository Trust & Clearing Corporation, the market infrastructure that clears and settles most U.S. securities trades, began running live production trades of tokenized stocks and Treasurys on Wednesday, moving its tokenization effort out of testing and into a live environment. More than two… Read the full story at The Defiant
CoinShares has entered Europe’s €26.3 trillion UCITS fund market with the launch of a regulated Bitcoin mining ETF, opening its digital asset strategies to institutional investors whose mandates previously restricted access to its products.
Summary
- CoinShares has launched a UCITS platform with a Bitcoin mining ETF listed on Deutsche Börse Xetra.
- The new structure opens access to pension funds, insurers, and private banks restricted by existing investment mandates.
- CoinShares said it plans to use the UCITS platform to launch more regulated digital asset investment funds.
Digital asset investment firm CoinShares announced on Tuesday that it has launched a UCITS platform alongside the debut of the CoinShares Bitcoin Mining UCITS ETF, a move that allows the company to offer regulated investment funds under one of Europe’s most widely used fund structures.
The first product under the platform, the CoinShares Bitcoin Mining UCITS ETF, began trading on Deutsche Börse Xetra on Tuesday. The company said the launch is intended to make its investment strategies available to institutional investors across Europe, including pension funds, insurance companies, and private banks that generally invest through UCITS-compliant vehicles.
For CoinShares, the change is less about introducing a new investment strategy than removing a structural barrier that limited access to existing ones. The company said many institutional mandates prohibit investments in debt securities, including exchange-traded products backed by physical digital assets, preventing a large pool of investors from allocating capital despite growing interest in the sector.
By using the UCITS framework, CoinShares said those investors can now access regulated digital asset investment products through a structure already accepted under their internal investment rules.
“This is not simply the launch of another investment product. It marks our entry into the UCITS market with a platform that allows us to develop and launch regulated investment funds under one of the world’s most widely recognised fund frameworks,” said CoinShares co-founder, president and CEO Jean-Marie Mognetti.
The company added that the platform operates on a largely fixed cost base and is designed to generate operating leverage as additional funds are introduced. It also said the UCITS structure will support future launches covering both digital asset products and thematic investment strategies.
Platform targets regulated institutional capital
UCITS, short for Undertakings for the Collective Investment in Transferable Securities, is the European regulatory framework governing investment funds that can be marketed across member states. Because many institutional investors already allocate capital through UCITS funds, the structure has become one of the region’s standard formats for cross-border investment products.
CoinShares said adopting the framework allows it to reach investors that previously could not participate because of mandate restrictions rather than a lack of interest in digital assets.
The company’s latest annual report also points to a period of financial expansion. CoinShares generated more than $165.7 million in revenue during 2025, its first full year after listing in the United States earlier this year. Shares of the Nasdaq-listed company closed 2.1% lower at $4.11 on Monday before the announcement.
Against that backdrop, the UCITS platform gives CoinShares a regulated framework that aligns with existing investment mandates instead of requiring institutions to modify internal policies before gaining exposure to digital asset strategies.
The company said it intends to build on that foundation by introducing additional regulated funds over time as institutional demand for digital asset investment products continues to develop.
The launch also follows several initiatives by CoinShares to deepen its presence in institutional markets beyond exchange-traded crypto products.
Earlier this year, the company published research showing that many traditional wealth managers still struggle to incorporate clients’ digital asset exposure into portfolio management because of internal compliance rules.
A June survey conducted by CoinShares among 261 wealth management professionals across Europe found that 52% of UK financial advisers said most of their clients’ cryptocurrency holdings remained outside their visibility. Across France, Germany, Italy and Switzerland, the figure fell to 25%.
The same survey found that 61% of respondents worked at firms that either restricted digital assets or had no formal policy governing them.
At the time, Mognetti argued that internal firm policies, rather than adviser knowledge or client demand, had become the primary obstacle. According to him, many advisers cannot account for crypto holdings when managing portfolios because company rules prevent them from discussing or supervising those assets, leaving them without a complete view of client wealth.
CoinShares said such restrictions create operational challenges because advisers are expected to manage portfolios while lacking visibility into part of their clients’ investments.
Institutional adoption continues to evolve
Institutional participation in digital assets has remained uneven over the past several months as investment flows responded to changing market conditions.
In a June research report based on U.S. Securities and Exchange Commission 13F filings, CoinShares said hedge funds reduced their exposure to U.S. spot Bitcoin exchange-traded funds by 39% during the first quarter. The report showed professional investors lowered combined holdings from approximately 313,000 BTC to 261,000 BTC after Bitcoin declined sharply during the period.
According to CoinShares digital asset analyst Matt Kimmell, the reduction resembled previous Bitcoin downturns, when leveraged and tactical investors typically trimmed positions as prices weakened.
The same report also showed different behavior across institutional groups. While hedge funds and brokerages reduced exposure significantly, banks increased their Bitcoin ETF holdings during the quarter, suggesting not all professional investors responded to market volatility in the same way.
Alongside market developments, European regulation has continued to shape how investment firms package crypto-related products for institutional clients.
Ostium, an Arbitrum-based perpetuals exchange for trading real-world assets that raised about $27.8 million from backers including General Catalyst and Jump Crypto, halted all trading Wednesday after an attacker manipulated its oracle system to drain as much as $18 million in USDC from its… Read the full story at The Defiant
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