Circle’s $400 Million Tazapay Deal Is a Bet on the Last Mile
Circle’s stock-funded Tazapay acquisition adds 100+ payout markets, but regulatory approval and a 2027 closing still stand between agreement and control.
CRYPTO MAIN NEWS
Companies
Tether’s $400 Million StableFund Is an Anchor, Not a $3 Billion Fund
Tether and Fasanara launched StableFund with $400 million of sponsor capital and a target of up to $3 billion from institutions. The target is not money already raised.
Block’s Builders Bank Would Custody Bitcoin, Not Take Deposits
Block has applied for an uninsured national trust bank focused on bitcoin and stablecoin custody. It would not accept deposits or make loans.
Unicoin Asks Federal Court to Cancel Uniswap’s UNI Trademark
A New York trademark suit asks a federal court to shield the UNICOIN brand and cancel Uniswap’s UNI registration. No ruling has been made.
Revolut Data Breach Exposed Identity Files and Reportedly Bitcoin Records
Revolut confirmed a customer-data disclosure after fraudulent agency requests. Reports say identity files and Bitcoin histories were among the records involved.
Robinhood Crypto Volume Rebounded 61% in August as Bitstamp Led Activity
Robinhood’s crypto notional volume reached $17.5 billion in August, up 61% from July but down 38% year over year. Bitstamp supplied about 58% of the total.