Ubyx, a London-based fintech startup, has secured $10 million in seed funding to tackle one of the stablecoin sector’s most pressing challenges: fragmentation. The round was led by Galaxy Ventures, with strategic backing from firms including Coinbase Ventures, VanEck, Paxos, and the Founders Fund. Solving Stablecoin Fragmentation With a Universal Clearing Layer At the core of Ubyx’s mission is a stablecoin clearing system that will allow multiple stablecoin issuers to redeem tokens at face value directly into bank or fintech accounts. The current model requires each issuer to build its own off-ramp infrastructure — a costly and siloed approach. Ubyx’s…
Author: Blockto Team
Crypto exchange Gemini Trust has publicly accused the U.S. Commodity Futures Trading Commission’s (CFTC) Division of Enforcement of pursuing a “self-serving” lawsuit in 2022 based on a false whistleblower report allegedly filed by a disgruntled ex-employee. Whistleblower Report at Center of Controversy In a letter sent to CFTC Inspector General Christopher Skinner, Gemini alleged that the lawsuit—brought by the CFTC in June 2022—was driven by a “career-advancing agenda” among CFTC litigators. The complaint centered around alleged false or misleading statements Gemini made during the CFTC’s evaluation of its proposed Bitcoin futures contract back in 2017. Gemini claimed that the case…
Decentralized liquid staking platform Meta Pool has suffered a $27 million exploit due to a critical smart contract vulnerability, allowing an attacker to mint unlimited mpETH tokens, according to blockchain security firm PeckShield. Exploit Details: $27M Minted, Only $25K Swapped On Tuesday, a bug in Meta Pool’s staking contract was exploited to mint $27 million worth of mpETH, the protocol’s liquid staking token. However, due to low liquidity on Uniswap, the attacker was only able to convert 10 ETH (roughly $25,000) into usable funds. Prior to the exploit, an Etherscan-flagged account labeled “MEV Frontrunner Yoink” removed 90 ETH in liquidity…
Bitcoin Cash (BCH) is showing signs of a strong bullish reversal against Bitcoin (BTC) after breaking out of a well-defined triangle pattern, signaling a potential rally in the coming sessions. The BCH/BTC ratio, a key metric tracked by traders, has surged past its 200-day simple moving average (SMA) — a long-term trend indicator closely watched by institutional and retail investors alike. Triangle Breakout Signals Momentum Shift A symmetrical triangle pattern formed on the BCH/BTC daily chart—marked by descending highs and ascending lows—has been decisively broken to the upside. These patterns typically precede significant price movements, and BCH’s breakout suggests growing…
Amid heightened global market tensions, XRP has broken through critical resistance, signaling the return of bullish sentiment. The token has risen 3.6% in the last 24 hours, peaking at $2.33 before stabilizing near $2.25. XRP Breaks Resistance and Forms Fresh Support XRP’s recent rally saw it overcome the resistance at $2.21, a level that previously capped upward moves. The new support around $2.29 has held firm through multiple retests, suggesting bullish consolidation rather than a short-term spike. Over the past 24 hours, XRP traded within a 7.5% range between $2.177 and $2.338, with the most significant buying pressure recorded between…
Malaysia has launched its Digital Asset Innovation Hub, a major step toward establishing itself as a regional fintech leader. Announced by Prime Minister Anwar Ibrahim at the Sasana Symposium 2025, the hub will operate as a regulatory sandbox designed to test programmable payments, ringgit-backed stablecoins, and other blockchain-based financial technologies under controlled conditions. A Controlled Space for Fintech Experimentation The new sandbox allows fintech and digital asset firms to trial emerging technologies with the oversight of Bank Negara Malaysia, the country’s central bank. The initiative enables projects like: Prime Minister Ibrahim called the launch the “beginning of a new chapter”…
Bitcoin exchange-traded funds (ETFs) in the United States continue to attract strong institutional interest, adding $412.2 million in net inflows on Monday. This marks the sixth consecutive day of inflows, bringing the total to over $1.8 billion since June 9—a notable trend amid growing geopolitical tensions between Israel and Iran. Six-Day Inflow Streak Tops $1.8 Billion The latest data reveals that Bitcoin ETFs have amassed $46.04 billion in cumulative net inflows, according to figures from SoSoValue. Despite escalating conflict in the Middle East, institutional capital continues to pour into these products. Daily inflow figures highlight sustained investor confidence: Total net…
As global regulatory uncertainty clouds the crypto industry, Coinbase CEO Brian Armstrong is pointing to the United Kingdom as a rising hub for blockchain innovation. During a recent visit to London, Armstrong met with top UK policymakers, advocating for swift and supportive crypto regulation. “Bullish on Britain”: Armstrong Pushes for UK Leadership In a public post shared outside 10 Downing Street, Armstrong declared himself “bullish on Britain,” signaling confidence in the UK’s potential to lead the next era of digital asset adoption. He praised the UK’s proactive stance and encouraged regulators to seize the moment to attract crypto developers, capital,…
In a bold move that caught investor attention, Hong Kong-based investment firm MemeStrategy has made headlines by becoming the first public company in Hong Kong to invest in Solana (SOL). Following the announcement, the company’s shares soared by 28.5%, highlighting growing institutional confidence in blockchain assets beyond Bitcoin and Ethereum. Historic Solana Acquisition The investment involved the purchase of 2,440 Solana tokens, valued at approximately $368,000, conducted via OSL Group, a digital asset platform licensed under Hong Kong’s SFC. The acquisition was made at an average price of $151.70 per token, with MemeStrategy confirming the intent to stake the tokens…
The Blockchain Group, a leading European digital asset firm, has announced a new capital raise of €7.2 million ($8.3 million) as part of its strategic initiative to expand its Bitcoin (BTC) treasury. The move aligns with its larger $342 million at-the-market (ATM) share issuance program, aimed at bolstering its position as a Bitcoin-centric corporation. 1.6 Million New Shares to Be Issued The company plans to issue approximately 1.6 million new ordinary shares at an average price of €4.49 ($5.19) per share. This marks a critical step in its broader effort to accumulate more BTC and strengthen its digital reserve. The…