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Founded in 2016, Crypto.com serves more than 50 million customers and is one of the world's fastest-growing global cryptocurrency platforms. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to create a fairer and more equitable digital ecosystem.
Robinhood Partners with Crypto.com on Prediction Market Deal
Odaily News: Robinhood has reached an agreement with Crypto.com to further expand its prediction market business. Under the agreement, Robinhood will list event contracts provided by OG.com, Crypto.com's prediction market platform, and will take a minority stake in both Crypto.com and OG.com.Following an investment from Citadel Securities in July this year, OG.com's valuation has reached approximately $5 billion. (WSJ)
Bitcoin long-term holders undergo rare position reduction as over 130,000 BTC shifts within two days, sparking safe-haven speculation
Odaily News Crypto analyst Murphy stated on X that on-chain data reveals a rare large-scale movement of coins by Bitcoin long-term holders (LTH) recently. Over the past two days, more than 65,000 BTC have moved on-chain each day (excluding internal transfers within the same entity), leading to a notable decline in LTH net positions.Data shows that LTH net positions had begun to deviate from their previous continuous growth trend since May this year, entering a plateau in July, with the recent large-scale transfers being relatively uncommon over the past year. Among these, approximately 14,000 BTC flowed into exchanges. Some of the funds include a transaction where a company under Trump's umbrella transferred 2,628 BTC to Crypto.com.Currently, aside from the portion flowing into exchanges, the destination and purpose of the remaining coins reduced by long-term holders remain unclear. Murphy stated that potential risks currently affecting the BTC market include: 1) Shifts in Fed monetary policy and rising rate hike expectations; 2) Inflationary pressure from Middle East tensions and oil price changes; 3) Valuation concentration in the AI sector and financing risks behind high capital expenditures; 4) Re-crowding of yen carry trade positions.
Crypto.com Custody will provide institutional-grade custody and liquidity services for XYO and XL1
Crypto.com Custody has announced it will provide institutional-grade custody and liquidity services for XYO and XL1. This marks the first listing on a major trading platform for XL1 following its token sale, allowing qualified institutions and high-net-worth clients to store, manage, and exchange both tokens through a regulated pathway. Related assets will be held in client-segregated MPC wallets and held by bankruptcy-remote entities. Private keys are protected by multi-party computation running within a trusted execution environment. Clients have access to cold storage, audit trails, and Crypto.com’s institutional liquidity services. Eric Anziani, President and Chief Operating Officer of Crypto.com, stated that digital asset organizations require custody solutions that offer both security and liquidity. Markus Levin, co-founder of XYO, noted that after XYO was initially listed on the Crypto.com trading platform, the relationship between the two parties has continued to expand. In July 2026, Citadel Securities invested $400 million in Crypto.com at a valuation of $20 billion. In February 2026, the U.S. Office of the Comptroller of the Currency (OCC) conditionally approved Crypto.com to establish Crypto.com National Trust Bank.
Citadel Securities invests $400 million in Crypto.com, valuation reaches $20 billion
According to PR Newswire, Crypto.com announced it has received a $400 million strategic investment from Citadel Securities. This financing round values the company at $20 billion and marks the first institutional capital injection in Crypto.com's ten-year history. Jim Esposito, President of Citadel Securities, stated that Crypto.com has laid a solid foundation for the continued institutionalization of the digital asset market. Kris Marszalek, Co-founder and CEO of Crypto.com, stated that this financing will accelerate the company's expansion into all asset classes such as tokenized securities and derivatives, promote the integration of cryptocurrency with traditional financial markets, and build a more efficient 24/7 financial ecosystem.
Crypto.com Secures $400 Million Investment from Citadel Securities, Valuation Reaches $20 Billion
Odaily News: Crypto trading platform Crypto.com has secured a $400 million investment from Citadel Securities, bringing its company valuation to $20 billion. This deal marks Crypto.com's first institutional funding round since its establishment in 2016. Crypto.com stated that it will use the funds to expand its business in tokenized securities, derivatives, and other asset classes.
Robinhood Invests in Crypto.com and OG.com Enters Prediction Markets
Robinhood has partnered with Crypto.com and acquired stakes in OG.com and other entities, aiming to leverage regulated infrastructure to facilitate prediction market trading for U.S. customers.
The Ninth Circuit ruled that Kalshi sports event contracts are not swaps, New Jersey has until September 3 to seek Supreme Court review
Odaily News - The U.S. Court of Appeals for the Ninth Circuit ruled 3-0 on August 28 that sports event contracts offered by Kalshi are not swaps, and that the Commodity Exchange Act does not preclude Nevada from applying gambling regulations to the relevant contracts. The court also vacated a prior injunction that allowed Kalshi to continue offering the contracts, and denied injunction requests from Crypto.com and Robinhood.The U.S. Court of Appeals for the Third Circuit ruled in April of this year that Kalshi's related contracts were likely swaps and protected by federal law from state regulation. The two federal appellate courts are now split on the issue, and New Jersey has a September 3 deadline to petition the U.S. Supreme Court for review.Kalshi said it will seek further review and believes current U.S. Commodity Futures Trading Commission (CFTC) rules do not prohibit sports event contracts. Robinhood said it plans to appeal; the CFTC, meanwhile, noted that derivatives structured as swaps qualify as swaps, and except for onions and movie box office revenue, the law provides no related exemptions. (Bitcoin.com News)
Tennessee Regulator Sends Cease-and-Desist Letters to Kalshi and Two Other Platforms, Demanding a Halt to Sports Prediction Markets
Odaily News: The Tennessee Sports Wagering Council issued cease-and-desist letters on January 9 to prediction market platforms Kalshi, Polymarket, and Crypto.com, demanding they stop offering sports-related prediction market products to Tennessee residents, void unsettled contracts, and return customer funds. The Council considers these products to constitute sports betting, requiring platforms to comply with state licensing, taxation, age restrictions, and consumer protection requirements.Kalshi stated that its event contracts are financial instruments regulated by the Commodity Futures Trading Commission (CFTC) and are not subject to state sports betting regulations. Users buy and sell contracts, with contract prices reflecting the market's implied probability; when an event occurs, winning contracts settle at $1, while others settle at zero.Traditional betting companies typically accept user wagers and manage risk by setting odds, whereas Kalshi facilitates trading between users, with the platform acting as a matchmaker and prices formed by buyers and sellers. This dispute centers on whether sports prediction markets should be subject to a unified federal regulatory framework or individual state betting licensing regimes. (Bitcoin.com News)
Dubai Duty Free Launches Crypto.com Pay, Covering Dubai Airport Retail and Online Store
Odaily News: Airport retailer Dubai Duty Free launched Crypto.com Pay on August 5, 2026, available to eligible UAE residents, covering Dubai International Airport, Al Maktoum International Airport, and its online store. Customers can select Crypto.com Pay in-store, scan a QR code displaying the amount in UAE dirhams, and authorize the transaction through the Crypto.com App; online customers can choose this method at checkout and confirm payment. Dubai Duty Free settles transactions in UAE dirhams through regulated payment infrastructure. The payment service operates under the regulatory framework of the Central Bank of the UAE's (CBUAE) stored value facility. Crypto.com previously obtained a CBUAE stored value facility license, enabling it to provide regulated payment services in the UAE.
Bitcoin long-term holders undergo rare position reduction as over 130,000 BTC shifts within two days, sparking safe-haven speculation
Odaily News Crypto analyst Murphy stated on X that on-chain data reveals a rare large-scale movement of coins by Bitcoin long-term holders (LTH) recently. Over the past two days, more than 65,000 BTC have moved on-chain each day (excluding internal transfers within the same entity), leading to a notable decline in LTH net positions.Data shows that LTH net positions had begun to deviate from their previous continuous growth trend since May this year, entering a plateau in July, with the recent large-scale transfers being relatively uncommon over the past year. Among these, approximately 14,000 BTC flowed into exchanges. Some of the funds include a transaction where a company under Trump's umbrella transferred 2,628 BTC to Crypto.com.Currently, aside from the portion flowing into exchanges, the destination and purpose of the remaining coins reduced by long-term holders remain unclear. Murphy stated that potential risks currently affecting the BTC market include: 1) Shifts in Fed monetary policy and rising rate hike expectations; 2) Inflationary pressure from Middle East tensions and oil price changes; 3) Valuation concentration in the AI sector and financing risks behind high capital expenditures; 4) Re-crowding of yen carry trade positions.
美国联邦法院驳回 CFTC禁令申请，威斯康星州赌博法对预测市场的执法权获维持
据美国威斯康星州东区联邦地区法院 7月 28 日裁决，法院驳回了 CFTC 要求禁止威斯康星州对 Kalshi、Coinbase、Robinhood、Polymarket及 Crypto.com 等平台的体育相关事件合约执法的初步禁令申请。法院认为，CFTC 未能证明其主张——即《商品交易法》（CEA）对"掉期"的定义涵盖体育事件合约——具有胜诉可能性，且赌博监管属于州传统警察权范畴，联邦法律并未明确表示意图取代州法。此外，法院同时驳回了 Kalshi、Crypto.com 衍生品北美公司（CDNA）的介入申请及美国博彩协会（AGA）的被告介入申请。目前，CFTC 与威斯康星州的实质性诉讼仍将继续推进。
Tectonic hit by oracle manipulation attack, $120.4 million in assets stolen
According to the post-incident report released by Tectonic, the Cronos blockchain lending protocol Tectonic suffered an oracle manipulation attack at 12:49 UTC on August 30, 2026. By repeatedly borrowing and re-collateralizing TONIC tokens 98 times within a single transaction, the attacker drove up the TONIC collateral price by approximately 195 times. Leveraging this artificially inflated value, they subsequently extracted assets with a nominal value of $120.4 million from nine lending markets, spanning USDC, USDT, WBTC, WETH, and other assets. The attacker then bridged the stablecoins to Ethereum and converted them to ETH, while selling the remaining assets for CRO on the Cronos chain before withdrawing them. Approximately $9.19 million in total successfully escaped before the network halt. At 14:32 UTC, Cronos validators emergency-paused the network, rolling back the on-chain state to pre-attack conditions and restoring assets still held on Cronos. Currently, Tectonic's supply and borrowing functions remain suspended, while withdrawal and repayment capabilities continue normally. Tracing efforts for the stolen funds are being coordinated by blockchain forensics firms, law enforcement agencies, and stablecoin issuers, with freeze requests already filed with the relevant issuers.
A whale lost approximately $20.17 million shorting the market over 20 days.
According to Onchain Lens, a whale deposited $10.2 million into Hyperliquid from Crypto.com and Binance two days ago, followed by an additional deposit of 4.5 million USDC. Over the past 20 days, the trader has lost approximately $20.17 million and currently holds an unrealized loss of about $19.62 million on short positions totaling $106.6 million.
Trump Media Transfers $165 Million in BTC, Remaining Holdings May Only Be Collateral for Notes
According to CoinDesk, a wallet associated with Trump Media recently transferred 2,628 Bitcoin to Crypto.com, valued at approximately $165 million at the time. Following the transfer, approximately 4,261 Bitcoin remained in the on-chain traceable wallet, an amount basically consistent with the scale of Bitcoin pledged as collateral for convertible notes previously disclosed by the company.
Trump Media Moves $165 Million in Bitcoin, Remaining Holdings Approach Collateral Amount for Loan
Odaily News: Trump Media has transferred 2,628 Bitcoin to Crypto.com, valued at approximately $165 million. The flagged wallet now holds roughly 4,261 Bitcoin, approaching the amount of collateral pledged for its convertible note. Trump Media previously purchased 11,542 Bitcoin for approximately $1.37 billion, with the buy price near the market peak. Since then, 7,281 Bitcoin have been transferred out. On-chain analysts estimate the company has realized losses of roughly $318 million, with an additional unrealized loss of approximately $237 million. Trump Media reported first-quarter revenue of $871,200 and a net loss of $405.9 million. The company has not yet clarified whether the latest transfer constitutes a sale or a custodial move, and the distinction will be disclosed in its second-quarter 10-Q filing.
Bitcoin long-term holders undergo rare position reduction as over 130,000 BTC shifts within two days, sparking safe-haven speculation
Odaily News Crypto analyst Murphy stated on X that on-chain data reveals a rare large-scale movement of coins by Bitcoin long-term holders (LTH) recently. Over the past two days, more than 65,000 BTC have moved on-chain each day (excluding internal transfers within the same entity), leading to a notable decline in LTH net positions.Data shows that LTH net positions had begun to deviate from their previous continuous growth trend since May this year, entering a plateau in July, with the recent large-scale transfers being relatively uncommon over the past year. Among these, approximately 14,000 BTC flowed into exchanges. Some of the funds include a transaction where a company under Trump's umbrella transferred 2,628 BTC to Crypto.com.Currently, aside from the portion flowing into exchanges, the destination and purpose of the remaining coins reduced by long-term holders remain unclear. Murphy stated that potential risks currently affecting the BTC market include: 1) Shifts in Fed monetary policy and rising rate hike expectations; 2) Inflationary pressure from Middle East tensions and oil price changes; 3) Valuation concentration in the AI sector and financing risks behind high capital expenditures; 4) Re-crowding of yen carry trade positions.
Loss of $555 Million: Trump Media Transfers 2,628 BTC to Crypto.com
Odaily News: According to on-chain analyst Yu Jin's monitoring, Trump Media transferred 2,628 BTC to the Crypto.com exchange 6 hours ago. The company currently faces a total loss of up to $555 million on its Bitcoin holdings. Between July and August last year, Trump Media raised funds by selling company stock and convertible bonds, then purchased 11,542 BTC at a total cost of $1.368 billion, with an average price of $118,529 per BTC. Since the beginning of this year, the company has gradually sold 7,281 BTC for $545 million, at an average price of approximately $74,860 per BTC, realizing a loss of $318 million. It currently still holds 4,261 BTC, valued at $268 million, with an unrealized loss of $237 million.
Robinhood Partners with Crypto.com on Prediction Market Deal
Odaily News: Robinhood has reached an agreement with Crypto.com to further expand its prediction market business. Under the agreement, Robinhood will list event contracts provided by OG.com, Crypto.com's prediction market platform, and will take a minority stake in both Crypto.com and OG.com.Following an investment from Citadel Securities in July this year, OG.com's valuation has reached approximately $5 billion. (WSJ)
Cronos applications will go live in 10 days, and in the future, all application revenue is planned to be used to buy back and burn CRO
Odaily News: Cronos CEO Ryan Wyatt posted on X platform that this week the team will announce the eligibility rules for its network token launch platform projects to land on Crypto.com; Cronos applications will go live in 10 days, and the tokenomics proposal plans to use 100% of application revenue to buy back and burn CRO.
Tectonic hit by oracle manipulation attack, $120.4 million in assets stolen
According to the post-incident report released by Tectonic, the Cronos blockchain lending protocol Tectonic suffered an oracle manipulation attack at 12:49 UTC on August 30, 2026. By repeatedly borrowing and re-collateralizing TONIC tokens 98 times within a single transaction, the attacker drove up the TONIC collateral price by approximately 195 times. Leveraging this artificially inflated value, they subsequently extracted assets with a nominal value of $120.4 million from nine lending markets, spanning USDC, USDT, WBTC, WETH, and other assets. The attacker then bridged the stablecoins to Ethereum and converted them to ETH, while selling the remaining assets for CRO on the Cronos chain before withdrawing them. Approximately $9.19 million in total successfully escaped before the network halt. At 14:32 UTC, Cronos validators emergency-paused the network, rolling back the on-chain state to pre-attack conditions and restoring assets still held on Cronos. Currently, Tectonic's supply and borrowing functions remain suspended, while withdrawal and repayment capabilities continue normally. Tracing efforts for the stolen funds are being coordinated by blockchain forensics firms, law enforcement agencies, and stablecoin issuers, with freeze requests already filed with the relevant issuers.
Crypto.com launches tokenized stock derivatives covering 1,500 US stocks and ETFs
Odaily News: Cryptocurrency exchange Crypto.com has begun offering tokenized derivatives tracking 1,500 US stocks and ETFs, including Apple, Tesla, and Nvidia. These products provide synthetic exposure to the price of the underlying stocks, with investors not holding the underlying shares and having no voting or other shareholder rights. The launch comes as multiple cryptocurrency exchanges enter the equities market, amid ongoing discussions over what rights tokenized stocks should represent. (CoinDesk)
Crypto.com Launches Tokenized Derivatives for US Stocks and ETFs, Expanding Presence in Traditional Financial Markets
According to CoinDesk, Crypto.com announced the launch of tokenized derivatives tracking approximately 1,500 US stocks and ETFs for eligible users in the European Economic Area and other approved markets, covering individual stocks such as Apple, Nvidia, and Tesla, as well as ETFs related to gold and silver. The product can be traded from a minimum of $1 and supports 24/7 trading.
Trump Media Terminates CRO Treasury Company Plan, Abandons Direct Prediction Market Integration
Odaily News: Trump Media & Technology Group, the media company owned by U.S. President Donald Trump, has terminated the CRO treasury company initiative backed by Crypto.com and abandoned its broader digital asset partnership with Crypto.com. Trump Media, Crypto.com, and Yorkville Acquisition Corp. have agreed to terminate the related service agreements and digital asset product plans. The three companies stated that the decision was driven by the current market environment, as well as shifts in business and stakeholder priorities. The existing Truth Social Funds ETF will remain unchanged, and Trump Media will also abandon the direct integration of prediction markets into Truth Social, instead promoting Crypto.com's prediction market products to users through marketing partnerships. Trump Media interim CEO Kevin McGurn stated that the digital asset treasury company market has become increasingly competitive over the past year, and the prediction market business has likewise grown crowded. As a result, the company will scale back its related initiatives and pivot toward a distribution and data partner role.
Related news
Robinhood Invests in Crypto.com and OG.com Enters Prediction Markets
Robinhood has partnered with Crypto.com and acquired stakes in OG.com and other entities, aiming to leverage regulated infrastructure to facilitate prediction market trading for U.S. customers.
Robinhood Partners with Crypto.com on Prediction Market Deal
Odaily News: Robinhood has reached an agreement with Crypto.com to further expand its prediction market business. Under the agreement, Robinhood will list event contracts provided by OG.com, Crypto.com's prediction market platform, and will take a minority stake in both Crypto.com and OG.com.Following an investment from Citadel Securities in July this year, OG.com's valuation has reached approximately $5 billion. (WSJ)
Cronos applications will go live in 10 days, and in the future, all application revenue is planned to be used to buy back and burn CRO
Odaily News: Cronos CEO Ryan Wyatt posted on X platform that this week the team will announce the eligibility rules for its network token launch platform projects to land on Crypto.com; Cronos applications will go live in 10 days, and the tokenomics proposal plans to use 100% of application revenue to buy back and burn CRO.
Tectonic hit by oracle manipulation attack, $120.4 million in assets stolen
According to the post-incident report released by Tectonic, the Cronos blockchain lending protocol Tectonic suffered an oracle manipulation attack at 12:49 UTC on August 30, 2026. By repeatedly borrowing and re-collateralizing TONIC tokens 98 times within a single transaction, the attacker drove up the TONIC collateral price by approximately 195 times. Leveraging this artificially inflated value, they subsequently extracted assets with a nominal value of $120.4 million from nine lending markets, spanning USDC, USDT, WBTC, WETH, and other assets. The attacker then bridged the stablecoins to Ethereum and converted them to ETH, while selling the remaining assets for CRO on the Cronos chain before withdrawing them. Approximately $9.19 million in total successfully escaped before the network halt. At 14:32 UTC, Cronos validators emergency-paused the network, rolling back the on-chain state to pre-attack conditions and restoring assets still held on Cronos. Currently, Tectonic's supply and borrowing functions remain suspended, while withdrawal and repayment capabilities continue normally. Tracing efforts for the stolen funds are being coordinated by blockchain forensics firms, law enforcement agencies, and stablecoin issuers, with freeze requests already filed with the relevant issuers.
A whale lost approximately $20.17 million shorting the market over 20 days.
According to Onchain Lens, a whale deposited $10.2 million into Hyperliquid from Crypto.com and Binance two days ago, followed by an additional deposit of 4.5 million USDC. Over the past 20 days, the trader has lost approximately $20.17 million and currently holds an unrealized loss of about $19.62 million on short positions totaling $106.6 million.
The Ninth Circuit ruled that Kalshi sports event contracts are not swaps, New Jersey has until September 3 to seek Supreme Court review
Odaily News - The U.S. Court of Appeals for the Ninth Circuit ruled 3-0 on August 28 that sports event contracts offered by Kalshi are not swaps, and that the Commodity Exchange Act does not preclude Nevada from applying gambling regulations to the relevant contracts. The court also vacated a prior injunction that allowed Kalshi to continue offering the contracts, and denied injunction requests from Crypto.com and Robinhood.The U.S. Court of Appeals for the Third Circuit ruled in April of this year that Kalshi's related contracts were likely swaps and protected by federal law from state regulation. The two federal appellate courts are now split on the issue, and New Jersey has a September 3 deadline to petition the U.S. Supreme Court for review.Kalshi said it will seek further review and believes current U.S. Commodity Futures Trading Commission (CFTC) rules do not prohibit sports event contracts. Robinhood said it plans to appeal; the CFTC, meanwhile, noted that derivatives structured as swaps qualify as swaps, and except for onions and movie box office revenue, the law provides no related exemptions. (Bitcoin.com News)