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How a crypto startup quietly siphoned 470,000 Binance users to build a $4 billion card empire

Binance-affiliated entities filed a Hong Kong petition against RedotPay's founders, alleging the payment startup used its partnership with Binance to divert more than 470,000 Binance Card customers into its own competing stablecoin card. As Bloomberg News reported, Binance claims $472.8 million in losses, built on an estimated $925 lifetime value per customer, and says RedotPay […]

CryptoSlateCryptoSlateGino Matos6 Aug

BNY and BlackRock funnel billions through one infrastructure provider, exposing the fragile illusion of crypto diversification

BNY's Digital Asset Custody platform plans to provide institutional crypto staking support through Galaxy's infrastructure, the two firms said Aug. 4. BNY touches roughly 20% of the world's investable assets, with $62.6 trillion in assets under custody and administration as of June 30. Galaxy is one of three validator firms approved to stake Ethereum for […]

CryptoSlateCryptoSlateGino Matos6 Aug