Crypto exchange Luno is cutting about 20% of its global workforce as part of a restructuring confirmed on July 28 by Chief Executive James Lanigan. Summary Luno is cutting 20% of its global workforce while expanding institutional and business-to-business services worldwide. Twelve crypto-related companies reported July restructurings, with 894 disclosed jobs affected across six named
Robinhood Markets reported record second-quarter revenue on July 29, as growth in event contracts, options and equities offset another decline in cryptocurrency trading. Summary Robinhood’s Q2 revenue rose 32% to a record $1.31 billion, while net income climbed 48%. Event contract revenue reached $156 million, rising more than 10x and overtaking cryptocurrency transaction revenue. Crypto
Exchanges advertise leverage the way carriers advertise data speeds, as a capability offered for your benefit. The arithmetic says something else. A venue earns on notional, so the slider that multiplies your position multiplies its revenue identically while collapsing your survival odds, and the deleveraging queue ranks you first for forced closure because the venue
Every chain announcement leads with a transaction number. On a network charging $0.0002, 1 million transactions represents $200 of economic activity and a weekend of testing. The metric that headlines every milestone is the one that survives the least scrutiny, and the analytics platforms already know it. Summary Transaction counts are the most-cited blockchain metric
Prediction market guides explain how contracts resolve and pay. Almost none explain what happens when a market never gets that far, because it was voided, suspended by a court, renamed mid-life, or pulled by the exchange. The answers live in rulebooks and incident history, and they differ enough to matter. Summary A prediction market can
A federal judge has rejected the CFTC’s request to stop Wisconsin from enforcing state gambling laws against federally regulated prediction market platforms. Summary Judge William Griesbach denied the CFTC’s request for a preliminary injunction against Wisconsin. The court found sports event contracts may fall within Wisconsin’s commercial gambling laws. Wisconsin is pursuing cases against Kalshi,
Freehand has raised $75 million to expand AI agents that handle invoices, supplier negotiations, payments, and other supply-chain tasks for large companies. Summary Battery Ventures and NewRoad Capital Partners co-led the $75 million funding round. Freehand says its agents are deployed at Meta, Unilever, Pfizer, and Johnson & Johnson. Customers recovered 5% to 10% of
Aviva Investors has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger, moving its Ripple partnership into production. Summary Aviva Investors launched its first tokenized fund structure on the XRP Ledger. The Ireland-domiciled fund received Central Bank of Ireland approval for its new share class. Eligible investors can access
OSL Digital Securities has opened XRP trading to retail investors in Hong Kong, creating a regulated fiat on-ramp as US lawmakers continue debating federal crypto market rules. Summary OSL became Hong Kong’s first SFC-licensed platform to offer direct retail spot access to XRP. Retail users can access XRP/USD through Flash Trade and XRP/USD and XRP/HKD
BNY has expanded its blockchain strategy by bringing the ownership records behind investment funds onchain through a new digital transfer agency platform for institutional clients. Summary BNY has launched a blockchain based transfer agency platform to keep fund ownership records onchain. The service will first support tokenized funds from Baillie Gifford, BlackRock and BNY Dreyfus.
