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The Block

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Standard Chartered to offer crypto custody services in EU with new Luxembourg license
The bank has set up a new entity in Luxembourg to serve as a regulatory gateway for the EU, aimed at providing services to EU crypto clients....

Coinbase subpoenaed by CFTC in Polymarket investigation, alerted users via email
The CFTC is seeking "general customer information" related to an ongoing probe of Polymarket, according to a source familiar with the matter....

Lummis poised to lead newly created Senate digital assets subcommittee
The Senate Banking Committee is poised to have Sen. Lummis lead its crypto subcommittee, fulfilling a promise made by its incoming chair. ...

Ripple stablecoin exec outlines next steps for listing RLUSD on additional exchanges, including Coinbase
Bitstamp has listed RLUSD after it secured final approval from the NYDFS and launched last month on Ethereum and XRP Ledger....

Sol Strategies is raising $20 million via debt financing from ParaFi Capital to expand Solana staking operations
Sol Strategies (ticker HODL) is raising CAD $27.5 million to buy more SOL tokens and invest further in Solana staking infrastructure....

Gemini onboards three more senior executives amid European regional expansion
The crypto exchange's new hires will help navigate its European expansion amid shifting crypto regulatory frameworks. ...

The Daily: 24-hour crypto liquidations surpass $500 million, Thai police seize 1,000 Bitcoin miners and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Rep. Bryan Steil to lead US House subcommittee on digital assets amid calls for clearer crypto rules
Rep. Bryan Steil has been picked to lead the U.S. House Financial Service Committee's digital asset panel, according to a Thursday statement....

JPMorgan says EU’s MiCA regulation could boost euro stablecoins
The EU's MiCA regulation, now in effect, could increase the adoption of euro-pegged stablecoins, according to JPMorgan analysts....

Securitize nearly doubles yield generated on its bitcoin cash-and-carry trade using BlackRock’s BUIDL fund as collateral
By swapping out stablecoins for BUIDL, Securitize is earning 20.71% returns per annum on its bitcoin basis trade with trading firm QCP....