Jane Street suffered roughly $15 billion of losses in July after its investment in AI-focused hedge fund Situational Awareness fell sharply alongside positions exposed to the broader technology selloff. The month became Jane Street's first negative trading-revenue period since 2016 and its worst monthly loss on record. The trading firm has still generated more than $40 billion of revenue this year, already exceeding the $39.6 billion produced across all of 2025. Jane Street executives linked part of the drawdown to…
Backpack EU Secures MiCA And Payment Licenses From Bank Of Latvia
Backpack EU has secured a MiCA crypto-asset services license and a payment institution license from Latvijas Banka, giving the exchange group a broader regulated setup for European crypto, payments and investment services.
The Bank of Latvia approved both licenses for Trek Technologies SIA on May 27. Backpack later framed the approval as part of a tri-license structure, combining the Latvian MiCA and payment permissions with its existing MiFID II authorization through Trek Labs Europe Ltd in Cyprus.
The structure gives Backpack EU three separate regulatory tracks. MiCA covers crypto-asset services. The payment institution license covers payment execution, including transfers to payment accounts. MiFID II covers investment services and forms the basis for Backpack EU’s regulated derivatives and brokerage activity.
The announcement arrives as Europe’s exchange market is splitting between firms with MiCA authorization and firms still trying to preserve access after the transition deadline. WhiteBIT EU recently secured an Austrian MiCA license, while Binance entered July without a confirmed EU-wide MiCA route.
MiCA License Covers Core Crypto Services
The Latvian MiCA license authorizes Trek Technologies SIA to provide custody and administration of crypto-assets, exchange crypto-assets for funds, exchange crypto-assets for other crypto-assets, execute orders for crypto-assets on behalf of clients and provide crypto-asset transfer services.
Those permissions cover the core exchange and custody functions needed for a regulated crypto platform inside the EU framework. MiCA replaced the patchwork of older national registrations with a single crypto-asset service provider regime, where a company licensed in one member state can pursue cross-border activity through the EU notification process.
The payment institution license adds a separate fiat layer. Latvijas Banka said the license allows Trek Technologies SIA to execute payments, including transfers to payment accounts. That permission can support on-ramps, off-ramps and account-linked payment flows, depending on product rollout, user eligibility and local requirements.
Backpack EU’s existing MiFID II setup remains separate. Trek Labs Europe Ltd holds a Cyprus Investment Firm license from CySEC under license number 273/15, covering reception and transmission of orders, execution of orders, dealing on own account and safekeeping or administration of financial instruments.
MiCA Deadline Reshapes Exchange Access
The approval gives Backpack EU a stronger position as the MiCA transition reaches its cutoff point. ESMA has told unauthorized providers to stop onboarding EU clients, stop marketing and limit activity to orderly wind-down steps where they lack authorization.
That pressure is already changing user access across the bloc. Binance recently reassured affected EU users that assets remained safe and withdrawals stayed available after it missed the July 1 deadline without a confirmed MiCA license.
Backpack’s tri-license structure puts the exchange on the other side of that divide. The company can point to regulated crypto-asset services, payment permissions and investment-services authorization rather than relying only on older local registrations or offshore access.
price
price change
Product availability will still depend on onboarding, country eligibility, service scope and the legal entity serving each product. Backpack EU’s current European framework now includes MiCA and payment licenses issued by Latvijas Banka on May 27, plus a MiFID II investment-firm license issued by CySEC.
Circle’s Arc Joins Chainlink Scale To Add CCIP And Data Infrastructure
BlackRock Bitcoin Flows Draw Scrutiny After $5.28B BTC Movement Claim
Written by
Gianluca Longinotti
@Gianluca
Born in Italy, Gianluca is a finance and data specialist, coming from an academic education at Sorbonne University in Paris and a career as Senior Advisor at Ernst & Young in the Banking and Blockchain sector.
VIEW AUTHORMore author posts
Best Prediction Markets Alternatives: Outpoll, Limitless, Myriad, Manifold
Polymarket and Kalshi helped turn prediction markets into a mainstream trading category, but neither platform fits every trader. Access varies by country, market selection can lean heavily toward certain topics, and the tools available for entering, managing, and automating positions differ sharply across platforms. The strongest alternatives are not identical copies. Some emerging prediction markets platforms focus on professional order controls, some concentrate on fast crypto and financial markets, and others use onchain infrastructure or play-money forecasting. Users unfamiliar with…
3 days ago
Crypto Whale Drained Of $25.6M In Second Major Phishing Attack
An Ethereum whale has lost approximately $25.6 million in a phishing attack, marking the second major drain from the same wallet in less than three years. The victim lost WBTC, cbBTC, LDO, USDS and CRV before the stolen assets were converted into DAI and ETH. Onchain investigator Specter traced the theft to attacker address 0x8fEB...F95Ae. The same whale was drained of roughly $24.2 million in September 2023 after signing a malicious token approval, although about 90% of those funds were…
3 days ago
CFTC Orders Kalshi To Keep Operating As New York Seeks Nationwide Ban
The Commodity Futures Trading Commission has ordered KalshiEX to continue operating normally after New York sought to block the federally regulated prediction market from offering event contracts nationwide. The August 11 emergency order directs Kalshi to continue performing its functions as a designated contract market under the Commodity Exchange Act. Kalshi notified the regulator of a market emergency on August 1, one day after New York Attorney General Letitia James filed a sweeping enforcement action against the company. New York…
4 days ago
Hyperliquid Adds xStocks Spot Markets For Nvidia, SPY, QQQ And Chip Stocks
Hyperliquid has added five xStocks tokenized equity and ETF markets to HyperCore, expanding beyond stock-linked perpetuals into spot assets that users can hold, transfer and move into DeFi. The August 10 rollout opened USDC markets for Nvidia’s NVDAx, SPYx tracking the S&P 500 ETF, QQQx tracking the Nasdaq-100 ETF, SK Hynix’s SKHYx and Micron’s MUx. All five trade through HyperCore’s onchain order books. Further xStocks deployments are planned over the coming weeks as the integration expands across Hyperliquid. xStocks Bring…
5 days ago
Three Missouri Men Charged In $245M Bitcoin Robbery Plot Targeting Danbury Family
Three Missouri men have been charged over an alleged plan to invade a Connecticut home and force the occupants to transfer Bitcoin connected to one of the largest U.S. crypto theft cases. Sedric Louis, 32, John Davis, 34, and Martel Williams, 27, all from St. Louis, were added to the case through a second superseding indictment returned on May 22. Each faces conspiracy to interfere with commerce by robbery, known as Hobbs Act robbery, carrying a maximum sentence of 20…
6 days ago
Top Mobile Tokenized Perps Platforms In 2026
Tokenized stock and real-world-asset perpetuals have moved beyond desktop-only crypto terminals. Traders can now open long or short positions on Nvidia, Tesla, the S&P 500, gold, oil, foreign-exchange pairs, and selected private-company references from a phone. These products provide synthetic price exposure rather than ownership of the underlying share, so they do not carry voting rights, dividends, or normal brokerage protections. Mobile access changes the way these positions are managed. Equity-linked perps trade beyond normal exchange hours, funding can accumulate…
2 weeks ago
Publish your own article
Guest post article. Guaranteed publishing with just a few clicks
START PUBLISHING ADVERTISE WITH USBrowse categories
Explore trending topics in the crypto community right now.
Bitcoin
Bitcoin Red Team Flags 7,958 Security Issues Across 501 Projects
The Bitcoin Red Team has scanned 501 open-source Bitcoin projects and produced 7,958 security findings, including 1,280 rated high or critical severity, as AI dramatically accelerates code review across wallets, Lightning software and Bitcoin infrastructure. Twenty-five developers worked on the coordinated review for 108 hours, combining human analysis with automated harnesses and AI models. The project has relied heavily on Moonshot AI’s Kimi K3 alongside other models, with OpenSats funding the compute costs through its dedicated Bitcoin Red Team programme....
2 days ago 28 views
Bitcoin Holds Near $63,900 As Spot Volume Falls To Lowest Since 2019
Bitcoin is trading near $63,900 after another failed move through the mid-$60,000 range, leaving the market compressed around onchain cost-basis levels while spot participation falls to its weakest point in years. BTC was recently at $63,859, with an intraday range between $63,267 and $64,298. The price remains roughly 49% below its October 2025 record above $126,000 and only about 9% above the June 30 low near $58,535. Bitcoin Trades Between $63K And $68.7K Cost Bases Bitcoin is now sitting almost...
3 days ago 45 views
Strategy Sells Another 1,690 BTC As USD Reserve Climbs To $4.65B
Strategy sold another 1,690 BTC for $108.6 million between August 3 and August 9, extending its Bitcoin sales into a second consecutive week and reducing its treasury to 840,447 BTC. The 1,690 BTC were sold at an average price of $64,262, net of fees and expenses. Strategy’s remaining Bitcoin carries an aggregate purchase cost of $63.36 billion and an average acquisition price of $75,385. Bitcoin Sale Funds Another $108.6M STRC Buyback Strategy used the entire Bitcoin sale proceeds to repurchase...
5 days ago 70 views
H100 Triples Bitcoin Holdings To 3,506 BTC In No-Cash NSD Acquisition
H100 Group has nearly tripled its Bitcoin holdings to 3,506.4 BTC after completing its acquisition of Norwegian company NSD AS through an all-share transaction requiring no cash consideration. The August 10 acquisition brought 2,455.37 BTC into H100 through NSD’s direct and indirect ownership of Moonshot AS and PDI AS. H100 entered the transaction holding approximately 1,051 BTC. The enlarged treasury positions H100 among Europe’s largest publicly listed Bitcoin holders and creates what the company describes as the first Bitcoin-for-Bitcoin public-market...
6 days ago 30 views
Ethereum
Triple-A-Linked Wallets Drained Of More Than $9.7M Across Four Chains
Wallets attributed to stablecoin payments firm Triple-A were drained of more than $9.7 million across TRON, Ethereum, Polygon and Arbitrum before the assets were routed to Ethereum. Onchain analyst Specter traced the multichain outflows and linked the affected wallets to Triple-A. The stolen assets were moved through cross-chain bridges and consolidated into 5,227 ETH at an Ethereum address beginning with 0x01F8 and ending with 53b1. The transfers converged on the address after funds moved out of wallets on all four...
3 weeks ago 80 views
Arthur Hayes Wallet Adds $2.53 Million In Ether As Recent Buying Tops $5 Million
A wallet tracked as belonging to BitMEX co-founder Arthur Hayes purchased 1,332.5 ETH worth about $2.53 million early Tuesday, extending a fresh accumulation run as ether traded near $1,900. Lookonchain flagged the purchase roughly three hours after the transaction. The implied acquisition price was about $1,899 per ETH. Hayes had not publicly confirmed the trade at publication. The same tracker recorded a 1,293 ETH purchase worth $2.48 million on July 15. The two transactions added 2,625.5 ETH for approximately $5.01...
4 weeks ago 99 views
BitMine Repurchases 5.5 Million Shares As Weekly ETH Buying Slows
BitMine Immersion Technologies repurchased approximately 5.5 million common shares over the past week as the company shifted capital away from its usual pace of Ethereum accumulation. The shares were acquired at an average price of $15.6156, implying a total outlay of roughly $85.9 million. The purchases were completed under BitMine’s previously authorized $4 billion share-repurchase program. Chairman Tom Lee called the repurchases accretive to shareholder value. BMNR traded near $15.97 on Monday, slightly above the average price paid by the...
4 weeks ago 107 views
BitMine Buys 27,801 ETH As Holdings Reach 5.77M
BitMine Immersion Technologies acquired 27,801 ETH over the past week, lifting its total holdings to 5,770,038 ETH as of July 12. The position represents about 4.8% of Ethereum’s 120.7 million circulating supply, placing the company 96% of the way toward its stated goal of controlling 5% of all ETH. The latest treasury update valued the ETH position at roughly $10.5 billion using a reference price of $1,820. BitMine also held 206 BTC, $482 million in cash and marketable securities, a...
1 month ago 116 views
Trading
Best Prediction Markets Alternatives: Outpoll, Limitless, Myriad, Manifold
Polymarket and Kalshi helped turn prediction markets into a mainstream trading category, but neither platform fits every trader. Access varies by country, market selection can lean heavily toward certain topics, and the tools available for entering, managing, and automating positions differ sharply across platforms. The strongest alternatives are not identical copies. Some emerging prediction markets platforms focus on professional order controls, some concentrate on fast crypto and financial markets, and others use onchain infrastructure or play-money forecasting. Users unfamiliar with...
3 days ago 21 views
How to Get a Funded Crypto Trading Account in 2026 Step by Step
A funded crypto trading account gives a trader access to more notional capital after they prove they can follow a firm’s risk rules. The usual route starts with a paid crypto prop firm challenge that requires a profit target without breaching daily or overall loss limits. Passing is not only about making money. Drawdown control, minimum trading days and rule compliance determine whether the account survives. The evaluation fee can be lost, and crypto prop firms use different account models,...
3 weeks ago 119 views
How To Trade Tokenized Stock Perps: Leverage, Funding And Risks
Tokenized stock perps allow traders to take long or short exposure to companies, ETFs and equity indexes through crypto-native derivatives markets. Positions can use stablecoin collateral, remain open without an expiry date and continue trading when the main stock exchange is closed. The trader receives price exposure, not ownership of the referenced shares. The interface often looks identical to a crypto perpetual futures market. The risk does not. A stock-linked contract can remain active overnight, through weekends and during holidays...
4 weeks ago 136 views
What Is Agentic Trading? AI Trading Agents, Crypto Automation And Risk Controls
Agentic trading is a form of market automation where an AI agent can analyze data, reason through a goal, use tools, prepare trades, and sometimes execute orders through an exchange API, wallet, smart account, broker connection, or onchain protocol. It moves the conversation beyond simple trading bots because the agent is not only following a fixed trigger. It can combine market data, user instructions, portfolio context, and approved tools before deciding what action fits the rules it has been given....
1 month ago 199 views
Tech
Jane Street Takes $15B July Hit As Situational Awareness AI Bets Unwind
Jane Street suffered roughly $15 billion of losses in July after its investment in AI-focused hedge fund Situational Awareness fell sharply alongside positions exposed to the broader technology selloff. The month became Jane Street's first negative trading-revenue period since 2016 and its worst monthly loss on record. The trading firm has still generated more than $40 billion of revenue this year, already exceeding the $39.6 billion produced across all of 2025. Jane Street executives linked part of the drawdown to...
18 hours ago 23 views
Trezor Says 13,689 Customers Exposed In ShipMonk Data Breach
Personal data belonging to 13,689 Trezor customers was exposed in a breach at ShipMonk, the third-party fulfillment company responsible for shipping Trezor Shop orders across several markets. The August 13 disclosure covers customers who received orders in the U.S., U.K., Sweden, Colombia, Brazil, Italy or Portugal during the 90 days before August 8. ShipMonk notified Trezor of unauthorized access to systems containing customer information on August 10. Names, Addresses And Phone Numbers Exposed Full names, shipping addresses, phone numbers and...
2 days ago 35 views
Riot Lands $9.1B AI Lease As Anthropic Emerges As Rockdale Tenant
Riot Platforms has signed a 20-year agreement to provide 191 megawatts of critical IT capacity at its Rockdale, Texas campus, creating a $9.1 billion contracted revenue stream as the Bitcoin miner accelerates its expansion into artificial intelligence infrastructure. The August 10 agreement runs through June 2048 and includes two additional five-year options that could lift total contract revenue to approximately $16.1 billion. Riot identified the customer only as a leading frontier AI lab in its public disclosure. Anthropic is the...
5 days ago 33 views
Binance Affiliates Sue RedotPay Founders For $472.8M Over Alleged User Diversion
Three Binance-affiliated companies have sued RedotPay’s co-founders in Hong Kong, seeking $472.8 million over allegations that the payments firm diverted more than 470,000 Binance users to its competing stablecoin card network. Nest Trading Ltd., DistributedTechnologies Ltd. and Chaintecs Consulting Singapore Pte named Gao Zhangpeng, Chan Wa Choi and Yao Chao as defendants. The claims remain allegations and have not been tested in court. Lawsuit Targets RedotPay Card Top-Ups The Hong Kong petition alleges that the founders breached a commercial agreement...
1 week ago 63 views



