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Institutional crypto liquidity provider B2C2 has appointed the former chairman of Schroders Wealth Management Asia to a senior role. The hire signals the firm's strategic push into the Asia-Pacific region. B2C2 is specifically targeting family offices and asset managers as its primary client base in the region. The move reflects growing institutional interest in crypto across Asian wealth management sectors.
Prediction-market platform Kalshi is in talks with Sequoia and Wellington to raise $750 million in a new funding round. The deal would value the company at approximately $40 billion, nearly double its previous valuation. Kalshi had last raised $1 billion at a $22 billion valuation in May 2025. The new round reflects continued investor appetite for prediction-market platforms amid their growing mainstream prominence.
Swiss online bank Swissquote has revised its full-year revenue and profit guidance downward following a sharp decline in cryptocurrency trading income during the first half of the year. The drop in crypto activity weighed heavily on the bank's overall financial performance. As a result of the reduced outlook, the company's shares fell. The announcement highlights how sensitive fintech-oriented banks remain to fluctuations in digital asset trading volumes.
A South Korean court has handed a 15-year prison sentence to the head of Delio, a centralized finance cryptocurrency lending platform. The executive was convicted of embezzling digital assets belonging to over 1,100 customers. The fraud amounted to approximately $50 million in stolen crypto funds. The case highlights growing legal scrutiny of centralized crypto lending platforms in South Korea.
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