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NewsDesk
The wire: crypto and markets news from other outlets, newest first.
AI summaryStories from the outlets we follow, summarised by AI and linked to the original. A story whose AI summary is not ready is held for an editor; older items may still show the outlet’s own summary, quoted and labelled. Bullish, Bearish and Neutral are an AI reading of a story’s tone, not investment advice.6 publishers846 storiesWhere AI is used
OKX freezes deposits from MEXC after FinCEN cuts exchange off from US system
OKX has restricted direct transfers from MEXC and frozen some user funds after FinCEN accused MEXC of processing more than $16bn for sanctioned actors in Iran, Russia and North Korea.
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On the Wire
Stories from our sources, newest first, each credited to the publisher and linked to the original.
Evernorth appoints former Coinbase executive to run 473m XRP treasury
Evernorth Holdings has named Hugo Jeandesboz, formerly of Coinbase Asset Management, as chief investment officer of a treasury holding about 473 million XRP.
Ripple brings Stripe-owned Privy wallets to XRP Ledger
Ripple and Stripe-owned Privy are letting developers embed XRP Ledger wallets in payment apps, as agent payments on the network pass 14 million transactions.
Strive to raise $500m via new preferred shares for Bitcoin buys
Bitcoin treasury company Strive is selling 5 million shares of a new perpetual preferred stock, SATS, at $100 each to fund further Bitcoin purchases.
Character.AI files for Chapter 11 with Disney as $20m opening bidder
The chatbot startup has entered a court-supervised sale in Delaware, with Disney offering $20m for a non-exclusive licence to some of its intellectual property.
Tokenized stock trading on Solana and BNB Chain shifts outside US market hours
Most tokenised equity trading on Solana, BNB Chain and Base now happens outside the regular US session, as the sector's value nears $3.3bn and the SEC opens a route for onchain US stocks.
BNY and Citadel Securities complete tokenised Treasury collateral trade
BNY and Citadel Securities said they completed a transaction using tokenised US Treasuries, showing how blockchain could speed collateral movement between settlement and financing.