S&P Global (SPGI) said Thursday it has agreed to buy OpenZeppelin, a smart-contract security firm whose open-source code library is used across much of the stablecoin and tokenized-fund market. S&P said contracts built with the library have moved more than $37 trillion over time. Terms… Read More
The Clarity Act needs 60 votes when the Senate returns from its recess next week. Republicans circulated a fresh draft on Thursday ahead of the vote.
The digital credit market suffered one of its sharpest selloffs to date on Thursday, with Strive Asset Management CEO Matt Cole describing the move as a leverage-driven liquidation rather than a sign of weakening credit fundamentals. Cole said it was “the most difficult day in… Read More
Blockchain-based lending protocol Morpho said it raised $175 million in a funding round co-led by Paradigm, a16z crypto and Ribbit Capital, as investors bet that credit markets will increasingly move onchain. The round also included Apollo Funds, Circle Ventures, VanEck and Ledger Cathay, according to… Read More
Crypto company Gemini reported a 42% year-over-year increase in revenue in Q1 2026 as it continued its growth from a pure crypto exchange to a financial services company. Total revenue for the Winklevoss twins’ company grew 42% year over year to $50.3 million in the… Read More
Hut 8 (HUT), a bitcoin miner turned energy and AI compute company, has refinanced its bitcoin-backed credit facility, replacing its existing Coinbase Credit arrangement with a new $200 million facility with FalconX. With the new deal, Hut 8 cut its fixed interest rate to 7%… Read More
