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New Fire Group's asset management scale exceeds 2 billion Hong Kong dollars, Amber's Q2 revenue increased by 38.8% quarter-on-quarter

According to BBX data, global listed companies and leading financial institutions have disclosed the latest developments in digital asset management scale, quarterly earnings performance, and crypto clearing infrastructure in recent days. The core information is as follows:New Fire Group (01611.HK) asset management and trading volume hit a record high, AUM surpassed 2 billion HKD: Hong Kong-listed company New Fire Group disclosed its operating data for August. The group's private banking-level digital asset custodian Bitfire Premium successfully surpassed 200 million USD in asset management scale (AUM), a month-on-month increase of about 30%. The total asset management scale of New Fire Group's global market (including the Japanese site BitTrade) has officially surpassed 2 billion HKD. In addition, the platform's trading volume has exceeded 100 million USD for the second consecutive month, and the over-the-counter (OTC) business continues to expand, currently ranking among the major OTC digital asset trading platforms in Hong Kong.Amber (NASDAQ: AMBR) Q2 revenue 13.9 million USD, turning a profit: Nasdaq-listed company Amber announced its unaudited financial performance for the second quarter of 2026. The company's total revenue for Q2 reached 13.9 million USD, a significant month-on-month increase of 38.8%, with gross margin significantly improved to 79.5%. As a result, its operating income and adjusted EBITDA both turned positive, completely reversing the loss situation of the previous quarter.Digital bank SoFi partners with Kraken to enable 24/7 USD settlement and liquidity: Digital bank SoFi has reached a strategic cooperation with the well-known crypto exchange Kraken. Kraken's parent company Payward will officially join SoFi's USD settlement network "SEN," allowing its institutional clients to break the limitations of traditional bank operating hours, transferring USD and managing liquidity around the clock; at the same time, Kraken will launch the stablecoin SoFi USD issued by SoFi, while SoFi will introduce Kraken Prime as an additional underlying liquidity source for its clients' cryptocurrency trading.Bank-led digital currency network Cari completes 32.5 million USD financing: The digital currency network Cari, designed specifically for the banking industry, announced the completion of a 32.5 million USD first round of external financing. This round of funding comes entirely from traditional banking institutions, including First Horizon Bank, Huntington Bank, Key Bank, M&T Bank, Old National Bank, SouthState Bank, and Glacier Bank. Cari aims to help regional, mid-sized, and community banks fully participate in and establish compliant digital currency infrastructure.

Truth Social ETF manager Yorkville plans to launch more than ten ETFs covering themes such as the digital economy and macro strategies

According to Reuters, Yorkville America, the asset management company responsible for managing the Truth Social brand ETF under Trump, is nearing the completion of an acquisition deal aimed at further expanding its product line by acquiring an institutional asset management company. The deal is expected to be completed in September.Yorkville CEO Steve Neamtz stated that this acquisition will be an important step in the company's strategic expansion, pushing its business from the current product line focused on "America First" themed ETFs into a broader digital asset management field. Neamtz added that this marks Yorkville's first entry into the digital assets and cryptocurrency products sector, and the company has already submitted applications to launch approximately 12 additional ETFs in the coming weeks to months, covering various themes such as the digital economy and macro strategies.Meanwhile, Yorkville also announced the launch of the MANGOS Plus Index ETF, which will be listed on the New York Stock Exchange (NYSE) and NYSE Texas. This is Yorkville's first ETF not managed under the Truth Social brand, primarily betting on popular companies in the AI industry chain. The index tracked by this ETF includes companies such as Meta, Anthropic, NVIDIA, Alphabet, OpenAI, and SpaceX, while also incorporating AI concept stocks like Micron and SanDisk.

first_img The BIS general manager stated that stablecoins lack credibility in large-scale payments

Pablo Hernández de Cos, General Manager of the Bank for International Settlements (BIS), stated that stablecoins lack credibility in large-scale payment scenarios, making it difficult to use them as everyday currency. He believes that tokenized bank deposits are a better alternative, capable of achieving the advantages of tokenization while retaining the foundation of the monetary system. This statement comes against the backdrop of regulatory agencies in various countries establishing a regulatory framework for stablecoins.Hernández de Cos also acknowledged that stablecoins could lower government borrowing costs but might also increase bank financing costs, which would then be passed on to household and business loan rates. He pointed out that the interoperability between stablecoin platforms is limited, anti-money laundering controls are inconsistently enforced, and the widespread use of dollar-pegged stablecoins overseas could undermine the monetary sovereignty of other countries and the effectiveness of domestic monetary policy.On the same day, the Financial Stability Institute (FSI) under BIS released a research report comparing the stablecoin regulatory rules of the United States, European Union, United Kingdom, Hong Kong, and Singapore, finding significant differences in the qualifications of issuing entities and the scope of business they can conduct across jurisdictions. The United States and Singapore impose stricter restrictions on non-bank issuing entities, while Hong Kong, the United Kingdom, and the European Union allow certain additional businesses under separate authorization or licensing.

Report: The concentration of the DeFi treasury market is significant, with the top 5 managers controlling 69% of the funds

Vaults.fyi released the report "2026 DeFi Custody Market Status," covering 856 vaults, 131 custodians, and 18 protocols, with a total locked value of approximately $11.29 billion. Over the past year, the TVL on the supply side of DeFi decreased by 41.8%, while the TVL of custody vaults grew by 39%, increasing market share from 5.24% to 12.51%. The top 5 custodians manage 69% of the funds, and the top 10 account for 79.1%. The leading landscape has changed dramatically, with Sentora and Concrete not making the list a year ago, now ranking second and fourth, respectively, while Usual dropped from fourth to thirty-fourth.Morpho ranks first among protocols with a custody TVL of 46.2%, with the remaining 53.8% distributed across the other 17 protocols. Bitcoin collateral accounts for 54.1% of Morpho's top 25 stablecoin vaults (approximately $3.71 billion). In terms of address concentration, weighted by TVL, a single address holds an average of 47% of vault shares, with the top ten addresses collectively controlling 74%. About 33% of the custody funds require a multi-step redemption process, with a 7-day annualized yield median of 4.82%, which is 98 basis points higher than instant redemption vaults.The report also points out that traditional financial institutions such as Société Générale, Apollo, and JPMorgan have begun to deploy custody vault strategies.

first_img Towns transfers operational management to the Swiss Foundation, with some co-founders stepping back

Towns co-founders Ben and Pat announced that after five years of collaboration with Brian, they have completed the transfer of protocol operations to the Towns Foundation located in Switzerland. The new experienced leadership team will continue to manage the protocol, drive the next phase of growth, and will gradually appear through official channels. The protocol will continue to operate as a decentralized communication protocol, supporting on-chain community ownership, end-to-end encrypted messaging, programmable identities, and native value transfer.According to reports, Towns has accumulated over 1.6 million users and over 400,000 communities, with users expected to earn over $40 million through the protocol by 2025, and has completed listings on multiple mainstream exchanges. The protocol also supports real-time messaging, payments, governance, and $TOWNS network incentives. The team pointed out that building a sustainable company and building a protocol are different challenges, and in response to changes in the market environment, they chose to hand over the protocol to the appropriate team for continuation rather than shutting it down.Both parties expressed their anticipation for the foundation to promote the development of Towns in the intersection of decentralized communication and AI. Pat and Ben will engage in new ventures while continuing to support the transition part-time, thanking the team, investors, node operators, exchange partners, developers, $TOWNS holders, and community members.

KuCoin has obtained ISO/IEC 42001 Artificial Intelligence Management System certification

KuCoin today announced that its Artificial Intelligence Management System (AIMS) has officially obtained the ISO/IEC 42001:2023 international certification, further strengthening the company's systematic capabilities in the responsible deployment, governance, and continuous improvement of artificial intelligence.This certification is the world's first international standard for artificial intelligence management systems, providing an internationally recognized management framework for enterprises to establish, implement, maintain, and continuously improve their artificial intelligence management systems. This certification covers KuCoin's artificial intelligence management system and related support functions, further promoting the transparent, secure, and responsible application of AI in platform operations.As AI increasingly penetrates digital financial scenarios such as risk control, anti-money laundering, fraud detection, market monitoring, intelligent customer service, and platform operations, KuCoin continues to advance AI innovation alongside trustworthy governance. This certification further enhances KuCoin's trust framework, building a reliable infrastructure that covers information security, operational reliability, business continuity, and artificial intelligence governance, alongside ISO/IEC 27001, SOC 2 Type II, and ISO 22301.
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