Yi He becomes co-CEO of Binance as company focuses on innovation and expansion

Connecticut has issued cease-and-desist orders to Kalshi, Robinhood, and Crypto.com for engaging in illegal sports wagering activities. This enforcement action underscores the state's commitment to regulating online gambling and ensuring compliance among fintech platforms.

Binance has appointed Yi He as co-CEO alongside Richard Teng, a strategic move aimed at strengthening its leadership team as the company navigates a rapidly evolving cryptocurrency landscape. This appointment highlights Yi He's significant role within the company, reflecting her influence in the sector.

Bitcoin has reclaimed the $93,000 level following a significant market rebound, indicating a positive shift in sentiment after weeks of bearish pressure and selloffs. Analysts are cautiously optimistic as new data suggests improvements in market conditions, particularly with the Coinbase premium turning positive after being in the red for several weeks.

Hyperliquid's HIP-3 market has achieved a significant milestone, with trading volume surpassing $5 billion. This surge is attributed to the platform's expansion into custom perpetuals for synthetic assets and technology stocks, enhancing its offerings in the cryptocurrency sector.

BlackRock has identified the rising US national debt as a significant factor that could drive the adoption of cryptocurrency, highlighting fiscal risks as a catalyst for investors seeking alternative assets. This perspective aligns with the company's broader strategy to integrate digital assets into traditional financial frameworks.

Fin, a company founded by former Citadel engineers, has successfully raised $17 million in a Series A funding round to launch its stablecoin payments product on the Solana blockchain, aiming to facilitate fast and cost-effective transactions.

Solana Mobile has announced plans to launch the SKR token in January 2026, with a total supply of 10 billion tokens. The distribution strategy includes allocations for airdrops, growth initiatives, and liquidity support, aiming to enhance the overall ecosystem of Solana Mobile.

Charles Schwab's CEO has expressed openness to acquiring cryptocurrency companies if the pricing is favorable, a move that could significantly alter the brokerage landscape and enhance competition in the sector. This potential shift indicates a growing interest from traditional financial institutions in the cryptocurrency market.