According to Bloomberg, Hong Kong-based stablecoin payments company RedotPay is considering a confidential U.S. IPO filing by the end of 2026, two months after reports it had delayed its listing amid regulatory and legal hurdles. It is also in talks with investors on a pre-IPO funding round that could value the company at $4 billion to $5 billion, and says it has more than 8 million users. Paymentscan data show $410.5 million in 30-day stablecoin card transaction volume. In February, the company was reportedly exploring a New York listing that could raise more than $1 billion, and Bloomberg reported in August that the plans were delayed amid regulatory hurdles and disputes involving Binance, which RedotPay disputed. Also in August, Binance-affiliated companies sued RedotPay's founders for nearly $473 million, and the company denies the allegations.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Cointelegraph ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- Binance helps disrupt West African scam centres in international operation
Binance has joined international law enforcement agencies and global technology companies in a coordinated crackdown on scam networks operating from West Africa. The operation, known as Joint Disruption Week, led to 28 arrests across Ghana and Nigeria.
- Agents can trade 24/7 — but Yat Siu warns you could lose access at any time
Animoca Brands chairman Yat Siu says AI agents can monitor markets and trade crypto for users around the clock, but warns users could lose access if the company running the service suspends their account. He notes that a single agent can become confused when handling many different tasks, so specialized agents work better, and that many people asking AI about the same trade may receive similar answers. The Bank of England's Financial Policy Committee warned in April 2025 that similar models could amplify market shocks. Coinbase (Agentic Wallets, in February) and Binance (AI Agent Skills, in March) already let agents spend, trade and place orders, while Siu advises users to think carefully about the personal information they share with AI and to ensure they can at least download their data to move it elsewhere.
- Crypto exchanges Binance, Coinbase join West Africa scam sweep that flagged $11 million
Authorities in Ghana and Nigeria arrested 28 people in a crackdown on West African scam networks, including cryptocurrency investment fraud, according to the U.S. Department of Justice. Private-sector partners flagged $11 million in funds that could be frozen, a figure not yet confirmed as recovered, while some crypto seizures were reported without values. Coinbase and Binance joined blockchain analytics firms Chainalysis, Elliptic and TRM Labs, and Coinbase said it prevented more than $415,000 in potential losses. Meta removed more than 3.7 million Facebook and Instagram accounts, pages and groups, and participants provided leads on more than 30 suspected scam centers. The operation, hosted by the UK's National Crime Agency, was the first joint effort focused on West Africa, and 117 trafficking victims in Ghana were awaiting repatriation to Nigeria.
- Bitcoin ( BTC ) Falls to $80 , 300 With Binance Funding Rate Below Zero
CryptoQuant analyst Darkfost said Binance's Bitcoin funding rate turned negative at -0.0073% while BTC traded near $80,300, marking a shift in derivatives trading. A negative funding rate means short traders pay long holders, and Darkfost noted the last such reading came in June, when Bitcoin was near $62,000. He also pointed to hotter U.S. consumer and producer price data as part of a bearish backdrop. The BLS reported that CPI rose 3.7% over the 12 months through September, up from 3.4% through August, with the next CPI release scheduled for Nov. 10.
- Crypto News Today : AlphaPepe Presale To Announce 5th CEX Partner as Bitcoin Price Prediction Reaches $175 , 000
According to this GlobeNewswire press release, the AlphaPepe ($ALPE) presale is nearing an announcement of its fifth centralized exchange (CEX) partner, following four existing partnerships, and online discussion centers on whether Binance could be next. The presale has raised over $3.01 million and has more than 12,500 holders, with its current price at $0.03368 and listing price starting from $0.08. The release also highlights AlphaSwap, its AI DEX, which is live in Early Access, and says buyers receive tokens immediately after purchase. Separately, it reports Bitcoin rebounding toward $82,000 after briefly falling below $80,000, and cites a Siebert Financial analyst's view that BTC could move above $175,000 over the coming quarters.
- Binance Wallet users can now trade crypto perpetuals on EVEDEX at up to 200x leverage
EVEDEX, a hybrid decentralised exchange, has integrated with Binance Wallet so users can open an account through their self-custodial wallet and trade crypto perpetual futures at up to 200x leverage with gasless execution. Matching runs on an off-chain order book while trades settle on-chain on Arbitrum, and the exchange reports more than 74,000 registered traders and monthly volume above $15B. Maker fees are 0.015% and taker fees 0.045%. Deposits go through the Rhino.fi bridge, and planned additions include forex and index perpetual contracts and copy trading.
Related markets
Latest news
- Rushed to market without full testing, Chinese cars are reined in by regulators
China's regulator has issued a draft tightening control over innovative vehicle design and test validation, after some automakers rushed out new products with incomplete testing. Hà Chí Kỳ, executive deputy general manager of BYD, said the domestic market received 542 new models in the first five months of 2026, an average of 3.6 per day. The draft requires reliability testing of at least 30,000 km and environmental adaptation cycles of no less than one year covering two winters and a summer, and bans fully hidden door handles, foldable and flexible screens, and seats that convert to beds while the car is moving. Products that are not declared as required or are insufficiently validated will not be approved. Public comments are open until 10 November 2026, with the rules expected to take effect on 1 January 2027 for new products, while existing models in the catalogue must submit supplementary filings before 1 July 2027.
- Bristol Myers Squibb's Cancer Drug Just Doubled Survival Time Without Progression — Here's Why It Matters
Bristol Myers Squibb reported positive Phase 3 head-to-head results showing izalontamab brengitecan (iza-bren) significantly prolonged progression-free survival versus platinum-based chemotherapy in patients with non-small cell lung cancer previously treated with an EGFR TKI. Median progression-free survival was 11.1 months with iza-bren versus 5.7 months in the chemotherapy arm, and the drug showed a manageable safety profile. The study was run in mainland China by Sichuan Biokin Pharmaceutical, parent of developer SystImmune, and the licensing deal includes an $800 million upfront payment and up to $7.1 billion in milestone payments. The author argues the muted stock reaction reflects China-only data, immature overall survival data, and competitors such as Johnson & Johnson developing similar drugs.
- Dr. Cấn Văn Lực: HCMC needs to mobilise about 1.7 million billion VND a year for growth
Dr. Cấn Văn Lực says HCMC needs to mobilise about 1.7 million billion VND in total social investment each year over 2026–2030, equal to 22% of the national requirement. To sustain double-digit growth, total investment would need to stay at 35%–40% of GDP, while the state budget covers only about 20%–22% of the need, with the rest coming from the private sector. Bank credit currently carries 51% of total capital, while the capital market meets only about 13%–14%, and household savings are expected to fall to about 33% of GDP by 2026. He therefore proposes tapping seven additional sources of funding, including green finance, a stock market upgrade, digital assets and carbon credits.
- TPBank Biz launches new interface: customised experience for each type of business
TPBank has launched a new interface for TPBank Biz, its digital banking platform for business customers, with dedicated designs by business size: a youthful, streamlined look for household businesses and micro-enterprises, and a luxurious style with gold accents for small, medium and large companies. Users can customise up to six sections of the home screen by role, such as accounting staff prioritising invoice-based payments while business owners place financial reports at the centre. The home screen also includes a smart reminder area for compliance alerts and pending transactions, along with real-time cash-flow data. TPBank says the update is part of its digital transformation journey, aiming for a bank that operates at the pace of businesses.
- Agile Robots Launches Agile ONE SN Humanoid at NVIDIA GTC Berlin and Pilots Humanoids with Audi
Agile Robots and NVIDIA launched the research humanoid Agile ONE SN at NVIDIA GTC Berlin, a 1.4-metre, 43-kilogram platform with 71 degrees of freedom, two tactile five-finger hands, NVIDIA Jetson Thor and the GR00T 1.7 open VLA model, with availability planned for early 2027. The company also released the Diana 7 and Diana 3 arms, both of which support the Franka Control Interface, and Diana 7 offers a 7 kg payload and 923 mm reach. Agile Robots, AUDI AG, Dassault Systèmes and NVIDIA are piloting mobile humanoids at Audi's Ingolstadt plant, where they pick parts from containers and sequence them for final assembly, a task performed around one million times a day. The workcell is first tested in a DELMIA virtual twin accelerated by NVIDIA Omniverse libraries.
- Zcash co-founder proposes ending grants funding, citing $125 million treasury
Zcash co-founder Sean Bowe proposed ending the automatic allocation of 8% of newly created ZEC to the Zcash Community Grants (ZCG) program and redirecting it to a reserve for future mining rewards. He estimates ZCG has about $125 million available after existing commitments, enough to cover years of spending, while the program's expenses were just over $1.5 million in the first quarter, about $6 million annualized, versus roughly $68 million a year in inflows. The proposal comes amid criticism of ZECsy, a team that demonstrated private payments at an adult-industry convention; it requested $550,000, and the committee approved about $461,500 for startup funding and the first nine milestones. Bowe's draft does not cite that grant, has no activation date, and would require a change to Zcash's network rules.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.