July 10, 2025 | 00:53New Zealand has introduced strict financial regulations, including a ban on crypto ATMs and a $5,000 limit on outbound cash transfers, to combat money laundering and organized crime. Associate Justice Minister Nicole McKee announced the policy overhaul, emphasizing its focus on criminal activity rather than legitimate businesses. The Financial Intelligence Unit (FIU) will gain expanded powers to monitor suspicious transactions, while two anti-money laundering bills aim to streamline compliance for low-risk entities. The move follows reports of crypto ATMs being exploited for laundering funds, with over 220 such machines currently operating in New Zealand. Similar restrictions have been implemented in Australia, reflecting a broader regulatory trend targeting crypto-related financial crime.
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Injective Integrates XRPL EVM, Unlocking XRP for DeFi
Injective has become the first major network to integrate Peersyst’s XRPL EVM mainnet, allowing XRP to interact with EVM and Cosmos-based DeFi without technical barriers. Users can now bridge XRP from Ethereum, Osmosis, and Injective in real-time, unlocking new use cases like decentralized exchanges and lending protocols. Additionally, BitGo joined as an Injective validator, boosting institutional credibility, while tokenized EUR/GBP pairs and Helix DEX’s mobile launch further expand the ecosystem. This integration highlights Injective’s role as a bridge between major crypto ecosystems, driving infrastructure growth rather than mere speculation.
read moreRipple CEO’s 1000% Commitment Boosts XRP Confidence
Ripple CEO Brad Garlinghouse’s public declaration of ‘1000% commitment’ to XRP, marked by a tattoo commemorating Ripple’s partial legal victory against the SEC, has strengthened investor confidence. The July 2023 court ruling that XRP is not a security in secondary markets, combined with the recent closure of the SEC case, has removed a major uncertainty for XRP. While BitGo’s CEO warns that Ripple’s new stablecoin, RLUSD, could overshadow XRP, market sentiment remains bullish, with XRP’s price rising nearly 9% in a week. Garlinghouse’s $50M investment in crypto education further underscores his long-term vision for digital assets.
read moreHelix DEX Launches Mobile App on Injective
Helix, the flagship decentralized exchange (DEX) on Injective, has launched its mobile app, enabling users to trade crypto anytime, anywhere. Unlike traditional AMM-based DEXs, Helix uses a Central Limit Order Book (CLOB) model for better price accuracy and transparency. The move aligns with Injective’s broader ecosystem growth, including BitGo joining as a validator and Canary Capital exploring an Injective staking ETF. Additionally, Zellic’s validator spotlight and a 0% commission staking rebate further strengthen Injective’s appeal. With INJ’s price rising 11% in a week, Helix’s mobile debut highlights Injective’s focus on accessibility and institutional adoption.
read moreCrypto Boom: BitGo Hits $100B, Polymarket Eyes $1B Valuation
The crypto industry is maturing rapidly, with institutional players and speculative platforms both thriving. BitGo, a leading crypto custodian, has seen its assets under custody grow to $100B, driven by staking services and global expansion. Meanwhile, Polymarket, a decentralized prediction platform, is set to raise $200M at a $1B valuation, fueled by its viral growth and high-risk, high-reward appeal. These developments highlight the sector’s bifurcation: regulated custodians like BitGo attract institutional capital, while DeFi projects like Polymarket draw venture funding. Both trends signal growing confidence in crypto as an asset class and a breeding ground for innovation. BitGo may go public by 2025, and Polymarket is exploring a token launch, further solidifying their market positions.
read moreCrypto Boom: BitGo Hits $100B, Polymarket Eyes $1B Valuation
The crypto industry is maturing rapidly, with institutional players and speculative platforms both thriving. BitGo, a leading crypto custodian, now holds $100B in digital assets, driven by staking services and global expansion. Meanwhile, Polymarket, a decentralized prediction platform, is set to raise $200M at a $1B valuation, fueled by its viral growth during the 2024 U.S. elections. These developments highlight the sector’s bifurcation: regulated custodians attracting institutional capital and DeFi platforms drawing venture funding. BitGo may go public by 2025, while Polymarket explores a token launch. The article also recommends three crypto assets—Snorter Token, Best Wallet Token, and Tron—as potential high-growth opportunities.
read moreVeda Secures $18M to Expand DeFi Yield Infrastructure
Veda, a DeFi vault platform, has successfully raised $18 million in a funding round led by CoinFund, with participation from major players like Coinbase Ventures, Animoca Ventures, and BitGo. The investment will support the expansion of Veda’s infrastructure for yield products, particularly yield-bearing stablecoins. Angel investors included co-founders of Anchorage and Ether.Fi, signaling strong industry backing. This funding round underscores the increasing demand for innovative DeFi solutions and the growing interest from institutional investors in the crypto space.
read moreDeFi Vault Veda Raises $18M to Boost Crosschain Yield
Veda, a DeFi vault platform, has raised $18 million in a funding round led by CoinFund, with contributions from Coinbase Ventures, Animoca Ventures, and other prominent investors. The funds will accelerate the adoption of Veda’s crosschain yield products, including yield-bearing stablecoins. Angel investors include co-founders of Anchorage, Ether.Fi, and Polygon, signaling strong industry backing for the project.
read moreCZ Advocates for Crypto ‘Will Function’ to Secure Digital Inheritance
Binance founder Changpeng Zhao (CZ) has called for crypto platforms to introduce a ‘will function’ to ensure secure inheritance of digital assets. Highlighting the risks of unclaimed crypto due to accidental deaths, CZ emphasized the need for platforms to allow users to designate beneficiaries. Binance has already rolled out an ’emergency contacts and inheritance heir’ feature, enabling users to pre-select heirs for their accounts. Competitors like Coinbase and BitGo use traditional legal processes or multi-signature wallets for estate planning. Additionally, Binance leads in transparency with its monthly Proof of Reserves reports, maintaining reserves above 100%.
read moreLGHL & Eyenovia Adopt HYPE Token for Crypto Treasury Strategies
Lion Group Holding Ltd. (LGHL) and Eyenovia Inc. unveiled separate crypto treasury initiatives centered on Hyperliquid’s HYPE token. LGHL secured a $600 million facility to establish Asia’s largest HYPE treasury, with plans to include Solana (SOL) and Sui (SUI) as secondary reserves, managed by BitGo. The firm is also exploring secondary listings in Tokyo and Singapore. Meanwhile, Eyenovia announced a $50 million private placement to acquire HYPE, positioning itself as the first U.S.-listed company to adopt the token. The move reflects broader corporate adoption of Layer-1 cryptos for diversification and yield. Eyenovia’s deal is set to close by June 20, while LGHL marks its crypto relaunch post-restructuring.
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