Coincheck Group N.V. (Nasdaq: CNCK) returned to profitability in the third quarter, reporting revenue of $915 million, up 17% from $785 million a year earlier. The Netherlands-based holding company of a major Japanese digital asset exchange posted net income of $2.6 million, reversing a $98.5 million net loss recorded in the same quarter of the previous fiscal year. Q3 Financial Results and Trading Activity Despite higher revenue, adjusted EBITDA declined 38% to $9.1 million from $14.7 million, reflecting softer trading conditions. Marketplace trading volume fell 25% year over year to $559 million. Customer assets stood at $6 billion, down 17%…
Author: Blockto Team
The American Bankers Association (ABA) is calling on the Office of the Comptroller of the Currency (OCC) to pause approvals of new national trust bank charters for crypto and stablecoin firms until regulatory clarity improves under pending federal legislation. Banking Industry Raises Concerns Over GENIUS Act Uncertainty In a formal comment letter addressing the OCC’s proposed updates to national bank chartering rules, the ABA argued that applications tied to digital assets and stablecoins should not move forward while oversight responsibilities remain unsettled. The group pointed specifically to the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, noting that…
The Dutch Parliament is preparing to vote on a controversial tax reform that would impose a 36% levy on unrealized capital gains beginning in 2028. The proposal, known as the Box 3 Actual Return Tax Law, would require investors to pay annual taxes on the paper appreciation of assets, even if those holdings have not been sold. Under the plan, assets such as crypto, stocks, and other investment portfolios would be assessed each year based on their market value. If an asset rises in price, the increase would be taxed regardless of whether the investor has realized the gain. Real…
China’s gold reserves surged to an all-time high of 2,306.30 tonnes in the fourth quarter of 2025, up from 2,303.50 tonnes in the previous quarter. This marks the highest level of gold holdings in the country’s modern history. China’s gold reserves have steadily increased over the past 25 years. From an average of 1,258.43 tonnes between 2000 and 2025, the nation has consistently added to its holdings. The lowest recorded level was 395.01 tonnes in the second quarter of 2000, reflecting the country’s strategic accumulation over the years. Strategic Implications The increase in gold reserves underscores China’s long-term approach to…
Bitcoin pushed higher over the past 24 hours even as broader sentiment indicators signaled “extreme fear” across the crypto market. The world’s largest cryptocurrency traded around $68,041, gaining 1.25%, while the broader digital asset index rose 1.18%. The rebound follows a sharp selloff last week that dragged bitcoin close to $60,000. Bitcoin Price Recovery After Record Realized Losses The recent decline triggered $3.2 billion in realized losses, marking the largest capitulation event in bitcoin’s history, surpassing the losses seen during the 2022 Terra collapse. On-chain data shows a rapid exit by low-conviction holders, while derivatives markets reflected a steep drop…
US initial unemployment claims came in at 227,000, slightly above the market forecast of 222,000 but lower than the previous reading of 232,000. The latest figures suggest that while layoffs have eased compared to the prior week, claims remain modestly higher than economists expected. Impact on the US Dollar The marginal increase above forecasts may limit immediate upside momentum for the US dollar. Currency markets typically react to labor data as a signal of economic strength. A reading above expectations can weigh on the dollar, as it may indicate a gradual cooling in the labor market. However, the decline from…
The UK Treasury has selected HSBC’s Orion platform to power its Digital Gilt Instrument (DIGIT) pilot, marking a significant step toward issuing blockchain-based sovereign bonds. Digital Gilt Instrument Pilot to Explore Blockchain in Sovereign Debt The DIGIT initiative will test the use of distributed ledger technology (DLT) in the issuance of UK government bonds. If successful, the program could position the United Kingdom as the first G7 nation to issue tokenized sovereign debt on blockchain infrastructure. The pilot will involve a digitally native, short-dated government instrument issued within the Digital Securities Sandbox. Settlement will occur onchain and operate independently from…
Coinbase shares fell 5.7% after reports revealed CEO Brian Armstrong sold more than $545 million worth of stock over nine months. Armstrong liquidated approximately 1.5 million shares between April 2025 and January 2026, with the largest single-day sale of 336,265 shares at $355.37 on June 25, 2025. The most recent transaction occurred on January 5, 2026, for 40,000 shares at $254.92. COIN closed at $153.20, down from $162.52 the prior day. The stock has traded within a 52-week range of $142.58 to $444.65, peaking at $262 earlier this year. Analysts remain divided: Goldman Sachs upgraded Coinbase to a buy rating…
Securitize is preparing to launch a real-world asset (RWA)–backed stablecoin in collaboration with Hamilton Lane, OKX Ventures and stablecoin infrastructure firm STBL. The initiative aims to connect institutional private credit markets with blockchain-based settlement through a compliant, structured framework. The stablecoin will be issued on OKX’s X Layer network and backed by tokenized exposure to Hamilton Lane’s Senior Credit Opportunities Fund. Access to the fund will be facilitated through a feeder structure managed by Securitize, which currently oversees more than $4 billion in tokenized assets. Dual-Token Model Designed for US Regulatory Compliance A defining feature of the project is its…
Peer-to-peer cryptocurrency exchange Paxful has been ordered to pay a $4 million penalty after admitting it failed to implement effective anti-money laundering controls and facilitated transactions tied to criminal activity, according to US prosecutors. Paxful Admits to AML Failures and Criminal Exposure The Justice Department said Paxful pleaded guilty in December to conspiring to promote illegal prostitution, transmitting funds derived from unlawful activity and violating federal AML requirements. Prosecutors stated that between January 2017 and September 2019, the platform processed more than 26 million trades totaling nearly $3 billion in value, generating approximately $29.7 million in revenue. Authorities alleged that…