Polygon Acquires Coinme to Enter Payments Sector – Move Targets Visa and Stripe Revenue
Polygon Labs is acquiring Coinme to establish a direct presence in the mainstream payments industry and compete with traditional giants like Visa and Stripe. The acquisition aims to capture intermediary revenue and drive the company toward profitability by next year.
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Hedge Funds Turn Net Long on Bitcoin Futures Amid Weak Spot Demand
Hedge funds have shifted to a net long position in Bitcoin futures on the CME. However, US spot demand and overall futures open interest remain subdued.
Coinsbuy Reports $7.9M Crypto Hack, Transfers Temporarily Paused
Coinsbuy reportedly suffered a $7.9 million crypto theft across Ethereum and Tron wallets. The incident comes amid a rising number of hacks in 2026.
USDC and USDT Take 84% of Crypto Card Spending
USDC and USDT together account for 84% of crypto payment card volume. Euro-backed EURe has declined to about 2% as monthly spending reaches 759 million dollars.
European Stock ETFs Return to Inflows as Earnings Lift Markets
European stock ETFs recorded positive net flows in July, ending months of outflows. Strong earnings and record index levels supported renewed investor allocations.
BTCPay Server Exploit Leads to Stolen Funds From LND Users
BTCPay Server confirmed a critical vulnerability that allowed attackers to steal funds from users running outdated versions with LND. Operators are urged to update immediately.
US Sanctions Target Iranian Crypto Exchanges Over IRGC Links
The US Treasury sanctioned Iranian exchanges Shelbit and Aban Tether over alleged crypto transfers linked to the IRGC. The action extends existing financial sector restrictions.
Wirex BaaS Surpasses $2B Annualised Volume in 110 Days
Wirex BaaS has surpassed $2 billion in annualised onchain card spend within 110 days of hitting its first $1 billion milestone. The company reports rising stablecoin settlement and more than 70 partners since launch.
Deutsche Telekom to Operate SphereNet Validator for AI Payments
Deutsche Telekom will run a validator node for SphereNet from testnet through its planned 2027 mainnet launch. The network aims to embed compliance checks into AI-driven blockchain payments.
Bitget Signs Cooperation Deal in Bhutan for Licensed Presence
Bitget has signed a cooperation agreement with the Gelephu Mindfulness City Authority in Bhutan. The exchange plans to apply for a Financial Services Licence under the local regulatory framework.
PEPE Exchange Outflows Reach 2-Year High as Whale Holdings Grow
PEPE recorded its largest exchange outflow since November 2024, with 4.54 trillion tokens withdrawn. Large holders increased their positions over the same period.
Binance-Affiliated Firms Sue RedotPay Founders for $472.8 Million
Binance-affiliated companies are suing RedotPay’s founders for $472.8 million over disputed card top-ups and alleged user diversion. Parallel cases are under way in Hong Kong and Singapore.
Latin America Sees $31.5B in Stablecoin Flows Beyond Banks
BeInCrypto data shows $31.5 billion in annualized stablecoin withdrawals in Latin America in 2026. More than 99% of the withdrawn volume moved again within 30 days.
MoonPay Integrates TRON for Gasless Stablecoin Transactions
MoonPay has integrated the TRON network into its Trade infrastructure, allowing users to transact without holding TRX for gas fees. The update applies across the TRON ecosystem, including SunSwap and JustLend.
Intesa Sanpaolo Cuts IBIT Stake and Raises Ethereum ETF Exposure
Intesa Sanpaolo reduced its BlackRock iShares Bitcoin Trust holding by 93.7% in the second quarter while tripling its stake in the iShares Staked Ethereum Trust ETF.
Bitget to Exit Japan With Phased Account Closures by End of 2026
Bitget will withdraw from Japan, requiring account verification by November 1, 2026 and closing remaining positions by December 31, 2026.
$676M Moved From Iran-Linked Shelbit to Binance
At least $676 million in crypto moved from Dubai-based Shelbit to Binance since May 2024, according to Reuters. Regulators in Dubai have cited anti money laundering and terrorism financing laws.
