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The UK’s Financial Conduct Authority (FCA) is ramping up its push to police the crypto industry, issuing warnings to unregistered exchanges and seeking legal action against companies serving UK residents or promoting digital assets in the country.The FCA issued hundreds of warnings against unlicensed crypto exchanges in October, including Elite Bit Markets, Nexure Gainbit, Plux Crypto and HTX. On Tuesday, the agency filed a lawsuit against HTX for promoting crypto services to UK residents, a spokesperson for the FCA confirmed to Cointelegraph. The FCA also said:“We have seen crypto firms react positively to our financial promotions rules and regulations; however, where…

As token buybacks gain popularity in crypto, Amir Hajian, head of research at market making firm Keyrock, warns in a new report that every dollar spent repurchasing tokens is a dollar diverted from growth and innovation, underscoring the hidden opportunity cost behind the show of confidence.Token buybacks involve blockchain projects repurchasing their own tokens from the open market, similar to stock buybacks. The strategy sucks out circulating supply from the market, creating scarcity and potentially increasing the token’s value to signal confidence to investors.The rise of token buybacks marks a turning point in how crypto defines maturity, Hajian argues in…

The Berachain community is rolling out a proposal to slash transaction inclusion times from two seconds to about 200 milliseconds, joining a wave of blockchain networks aiming to deliver near-instant transaction feedback. The proposal, “BRIP-0007: Berachain Preconfirmations,” outlines the implementation of an optional “fast lane” for users who want speed without compromising the chain’s core security guarantees. It introduces a mechanism that allows transactions to appear confirmed in under a second, making decentralized finance (DeFi) swaps, onchain gaming interactions and other latency-sensitive applications feel as responsive as traditional Web2 apps. The proposal states that the preconfirmation layer will not alter the network’s existing…

Aave Labs, the firm behind decentralized finance (DeFi) giant Aave, said it acquired Stable Finance, a San Francisco-based startup focused on making onchain savings simple for everyday users. The terms of the deal were not disclosed.The move brings Stable’s founder, Mario Baxter Cabrera, and his engineering team to Aave Labs, where they’ll help build new consumer-facing DeFi products. Cabrera will join as Director of Product.Stable Finance is best known for its mobile app, which lets users deposit dollars or crypto to earn interest through stablecoin yield strategies. The app hid much of the technical complexity of DeFi, giving users a…

Kraken reported $648 million in revenue for the third quarter of 2025, up 114% from a year earlier, which the company described as its strongest financial performance to date.Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to $178.6 million as profit margins widened nine percentage points to 27.6%, Kraken said Wednesday.Total trading volume increased 106% year over year to $561.9 billion, while assets on the platform grew 89% to $59.3 billion. Kraken’s user base also expanded, reaching 5.2 million funded accounts by the end of the quarter.The results follow a series of acquisitions by Kraken in 2025 and…

The San Francisco-based fintech team joins Aave Labs as the company looks to simplify stablecoin savings and improve the user experience.Aave Labs, the team behind the Aave lending protocol, has acquired Stable Finance, a San Francisco-based fintech startup, according to an Oct. 23 press release.The deal brings Stable Finance founder Mario Baxter Cabrera into Aave Labs as Director of Product, along with the company’s full engineering team. Aave currently has more than $38 billion in total value locked (TVL), making it the largest DeFi protocol, per DeFiLlama.The acquisition highlights Aave Labs’ shift beyond core protocol work toward making decentralized finance…

A group of US senators led by Senate Banking Committee Chair Tim Scott, a South Carolina Republican, has introduced legislation to modernize the Bank Secrecy Act, the foundation of the country’s Anti-Money Laundering (AML) framework. The Bank Secrecy Act, passed in 1970, obliges banks, credit unions, and other financial institutions to help federal authorities detect and prevent financial crimes, including money laundering, terrorist financing and related illicit activity. The proposed legislation, known as the STREAMLINE Act, would raise the Bank Secrecy Act’s reporting thresholds for the first time since its creation more than 50 years ago.The bill increases the Currency Transaction Report…

Bitcoin is now more than just something people trade or hold as a store of value; it’s starting to pay interest.But there’s a catch: the coins earning those rewards can’t move for months or years. A growing number of holders are locking their BTC into time-based contracts that promise yield but also freeze supply.However, on the plus side, this tightens the market’s breathing room and opens a pathway to future supply squeeze-enabled price pumps.Timelocked and staked Bitcoin are creating a duration structure in the UTXO set that affects free float, execution costs, and fee reflexes.The change is most visible in…

Crypto-friendly banks Custodia Bank and Vantage Bank have launched a turnkey blockchain solution allowing traditional banks to issue tokenized deposits that will work with stablecoins. The solution enables banks to leverage blockchain’s near-instant, low-cost transactions in an interoperable manner with other banks while being able to retain customer deposits, the two banks said in a statement on Thursday.“The patent-protected framework is designed to provide institutions and their customers with the efficiencies and security of tokenization while safeguarding core deposits from the risk of disintermediation.”Source: Caitlin LongTokenized deposits are digital versions of bank deposits issued on a blockchain, representing real US…

Deliberations over the crypto market structure bill between industry executives and US lawmakers hit a fever pitch on Wednesday in a tense meeting, following a leaked proposal from Democrats to impose permissioned requirements on the decentralized finance (DeFi) sector.Democratic senators accused industry executives of acting as an extension of the Republican Party after a leaked Democratic proposal mandating know-your-customer and anti-money laundering regulations on DeFi caused a public outcry, according to Eleanor Terrett, who cited sources at Wednesday’s meeting.The lawmakers reportedly warned industry representatives that continued public outcry over the bill, or specific provisions in the proposed legislation, would slow…