HONG KONG, July 11, 2025 /PRNewswire/ — Alchemy Pay, the world-leading fiat-crypto payment gateway, today announced that it has been granted a Money Transmitter License (MTL) in the state of South Carolina, marking a significant addition to its growing portfolio of regulatory approvals in the United States.

With the inclusion of South Carolina, Alchemy Pay now holds MTLs in ten U.S. states, including Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, Wyoming, and Arizona. This milestone reflects Alchemy Pay’s sustained commitment to regulatory compliance and its strategic expansion within the U.S. financial landscape.

The Money Transmitter License, issued under the authority of the South Carolina Attorney General in accordance with the South Carolina Anti-Money Laundering Act, authorizes Alchemy Pay to conduct a wide range of regulated financial activities. These include electronic money transmission, issuing and selling stored value instruments, processing payments and remittances, foreign currency exchange, and other licensed money services. The license enables Alchemy Pay to lawfully offer its suite of fiat-crypto on-ramps and off-ramps within South Carolina’s jurisdiction.

This regulatory advancement comes at a time of accelerating clarity and progress in U.S. digital asset legislation. The recent passage of the GENIUS Act by the U.S. Senate, alongside increased institutional interest in real-world assets (RWA), marks a pivotal moment for the blockchain and fintech sectors. In this context, Alchemy Pay’s newly secured license is well-positioned to support its continued role as an on and off-ramp infrastructure provider and a key enabler of the emerging RWA ecosystem.

The South Carolina license represents another step in Alchemy Pay’s broader regulatory strategy, laying the groundwork for future initiatives such as its fiat-accessible RWA platform, which is expected to go live in August with the first batch of 60 tokenized stocks and ETFs in collaboration with Backed and xStocks. As Alchemy Pay continues to expand its global compliance footprint, these foundational licenses will support the seamless integration of innovative products that bridge traditional finance and Web3, ultimately enhancing accessibility to tokenized assets via familiar fiat payment methods.

Additionally, as Alchemy Pay moves to expand its payment service offerings, the growing regulatory coverage across the globe will support the company’s long-term goals, including the development of its native stablecoin and the launch of Alchemy Chain, a stablecoin-based layer-1 blockchain designed to power global payment applications.

Beyond its footprint in the U.S., Alchemy Pay continues to make notable progress in key jurisdictions worldwide. The company holds an Authorised Payment Institution (API) License in the United Kingdom, is registered as a Digital Currency Exchange Provider under AUSTRAC in Australia, and has obtained membership in Switzerland’s VQF, a FINMA-recognized Self-Regulatory Organisation (SRO). It also holds an MSB (Money Services Business) registration in Canada and maintains formal registration for electronic financial services in South Korea.

In addition, Alchemy Pay is actively pursuing compliance under Europe’s Markets in Crypto-Assets (MiCA) regulation and seeking key regulatory licenses in Hong Kong, further solidifying its global regulatory posture in anticipation of the next wave of Web3 financial infrastructure.

About Alchemy Pay

Founded in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off-Ramp, Web3 Digital Bank, NFT Checkout and its newly launched RWA platform, Alchemy Pay supports fiat payments in 173 countries.

The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The RWA platform allows global users to invest in tokenized real-world assets using local fiat currencies, lowering entry barriers and democratizing access to traditional financial instruments. Our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. Additionally, the NFT Checkout enables direct purchases of NFTs using fiat payment methods. ACH is the Alchemy Pay network token on the Ethereum blockchain.

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PANAMA CITY, July 10, 2025 /PRNewswire/ — BingX, a leading cryptocurrency exchange and Web3 AI company, has become one of the first platforms to fully support the trading of $PUMP token, the native token of the viral Solana-based memecoin platform Pump.fun. Starting at 03:30 UTC on July 10, 2025, BingX users can trade $PUMP tokens via pre-TGE listing, with pre-launch futures trading launching at 06:20 UTC the same day. Additional trading features will be rolled out as market momentum continues to grow.

By offering pre-launch futures, BingX enables users to secure early access to $PUMP and leverage potential profits before the token’s official launch. Meanwhile, BingX launches pre-listing spot trading for $PUMP ahead of its Token Generation Event. Once $PUMP is officially listed, pre-TGE trades will seamlessly transition into standard spot trading.

Pump.fun has rapidly gained attraction as a cutting-edge launchpad for memecoins, allowing users to instantly create and trade tokens on the Solana blockchain without providing initial liquidity. Launched in 2024, Pump.fun has emerged as one of the most talked-about platforms in the digital asset space, praised for its ease of use, low barrier of entry, and viral appeal.

To mark the launch, BingX is introducing a special campaign running from July 10 to July 24, rewarding users with a total prize pool equivalent to 210,000 USDT for deposits and trades. This follows the success of BingX’s Pump.fun Xpool campaign in February, where users earned PUMPFUN points by depositing USDT, providing them early access to $PUMP tokens.

About BingX 

Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship.

For more information, please visit: https://bingx.com/ 

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CASTRIES, Saint Lucia, July 10, 2025 /PRNewswire/ — PrimeXBT, a leading multi-asset broker, has launched its MT5 PRO account, a new offering tailored to traders who demand the most competitive trading conditions in the market. Built specifically for high-volume, strategy-driven trading, the PRO account unlocks tighter pricing, higher leverage, and greater flexibility across the 68 most liquid global instruments.

The MT5 PRO account features spreads as low as 0.5 pips on EUR/USD, 15 to 16 pips on Gold (XAU/USD), and approximately 20 USD on Bitcoin (BTC/USD). Crypto pairs are commission-free, and the margin stop-out level is set at 0%, offering traders significantly more room to operate in volatile markets. Leverage is available up to 1:2000, and there is a swap-free option for Islamic traders. Cashback is streamlined to 5% of spread costs, aligning the structure with the priorities of active traders.

According to PrimeXBT, it continues to push the boundaries of what’s possible for retail and professional traders alike. The broker highlighted that the MT5 PRO account reflects its commitment to performance, providing clients with access to trading conditions that were once reserved for institutional desks, without compromising control, transparency, or execution quality.

The PRO account is offered alongside PrimeXBT’s Standard MT5 account, which is ideal for everyday traders and includes variable spreads, up to 1:1000 leverage, a 50% margin stop-out level, cashback of up to 20%, and access to a wider range of instruments. This account structure ensures flexibility for traders of all levels and styles.

As PrimeXBT continues to evolve its trading ecosystem, the launch of the MT5 PRO account marks another step forward in delivering best-in-class conditions and greater choice to traders worldwide.

To learn more, users can visit the PrimeXBT website.

About PrimeXBT

PrimeXBT is a global multi-asset broker trusted by over 1,000,000 traders in 150+ countries, offering a next-generation trading experience that bridges traditional and digital finance. Clients can trade CFDs on Stocks, Indices, Commodities and Crypto, as well as Crypto Futures and Forex. PrimeXBT also enables clients to buy and sell cryptocurrencies, store them in secure built-in wallets, and instantly exchange crypto to crypto or fiat to crypto, all within one integrated environment. Since 2018, PrimeXBT has made investing more accessible by lowering barriers to entry and providing secure, easy access to financial markets. This accessibility extends across its native web and mobile platforms, MetaTrader 5, and a variety of funding options in crypto, fiat, and local payment methods. Committed to putting clients first, PrimeXBT empowers traders of all levels with innovative tools and industry-leading conditions, delivering a better way to trade.

Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The Company does not accept clients from the Restricted Jurisdictions as indicated on its website / T&Cs. Some services or products may not be available in your jurisdiction. Some products and services, including MT5, may not be available in your jurisdiction. The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.

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PrimeXBT
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Cathie Wood sees the Circle IPO as a turning point for crypto. Here’s why institutional investors are finally paying attention to stablecoins.

Few figures in finance command attention like Cathie Wood, CEO of ARK Invest. Known for spotting trends early—from Tesla to Bitcoin—Wood is once again turning heads. This time, she’s calling the Circle IPO the “ChatGPT moment” for crypto. Her statement is more than hype—it highlights a major shift happening right now in digital assets.

What Is Circle and Why Is It Important?

Circle (NASDAQ:CRCL) is best known as the issuer of USDC, a stablecoin designed to maintain a 1:1 value with the U.S. dollar. Unlike Bitcoin or Ethereum, stablecoins aim to reduce volatility and serve as a reliable bridge between traditional finance and decentralized networks.

Since going public on June 5, 2025, Circle has become one of the hottest names in the market. The CRCL stock has skyrocketed up to 600%, with the company now commanding widespread attention from both Wall Street and Silicon Valley.

With a $61.67 billion market cap, USDC is the second-largest stablecoin globally, representing nearly 25% of the total stablecoin market, according to DeFiLlama.

Cathie Wood: From Buyer to Seller—but Still Bullish

Despite her enthusiasm, Cathie Wood’s ARK Invest recently sold $146 million worth of Circle shares as the stock surged over 248% since its IPO. Some critics saw this as a bearish sign. But Wood made it clear: this was a strategic move, not a loss of faith.

Even after the sale, ARK remains Circle’s eighth-largest shareholder, holding $750 million in CRCL stock across its various funds. In Wood’s words, the Circle IPO has prompted “a shift in how institutional investors approach crypto.”

A New Era for Crypto Adoption

During a recent appearance on BanklessHQ, Wood emphasized that institutions are studying crypto seriously for the first time. “They can’t miss out,” she said, likening the convergence of AI and crypto to the rise of artificial intelligence itself. In this analogy, the Circle IPO becomes a historic marker—akin to ChatGPT launching AI into the mainstream.

According to Wood, even before Circle’s IPO, the launch of Bitcoin ETFs in January 2024 had already laid the groundwork for more institutional interest. However, the SEC’s previous hostility toward crypto made widespread adoption difficult. With the new U.S. administration and a friendlier regulatory environment, the tide is turning.

Stablecoins: The Infrastructure Layer of Web3

Wood believes stablecoins like USDC are becoming the plumbing of a new financial world. Unlike speculative cryptocurrencies, stablecoins provide stability, trust, and utility—essential for the development of decentralized finance (DeFi) platforms and tokenized financial instruments.

Another company getting Wood’s praise is Robinhood (NASDAQ:HOOD), which is diving deeper into crypto. The popular trading platform recently introduced tokenized stocks, layer-2 blockchain support, staking, and perpetual futures—showing that even traditional fintech is pivoting fast.

What’s Next for Circle and Crypto Investors?

The success of the Circle IPO is accelerating discussions around mainstream adoption of crypto assets. More importantly, it signals that stablecoins are no longer a side note in the digital economy. They’re becoming central to how institutions think about money, innovation, and value storage.

As regulatory clarity improves and financial giants take stablecoins seriously, the implications go far beyond just one stock. The Circle IPO could be remembered as the spark that ignited a new chapter for both Wall Street and Web3.

With stablecoin infrastructure gaining traction and regulatory sentiment shifting, the Circle IPO could pave the way for broader crypto adoption, bridging traditional finance and blockchain innovation in 2025 and beyond.

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U.S. authorities have charged two individuals in a massive crypto investment scam involving OmegaPro, a fraudulent global scheme that lured investors with promises of high returns and secure trading strategies. According to the Department of Justice, the scheme raised over $650 million in cryptocurrencies from investors around the world before allegedly funneling those funds into wallets controlled by insiders.

This high-profile case highlights the growing risks in the digital asset space, especially when it comes to unregulated crypto investment platforms that rely on social media hype and multi-level marketing tactics.

The Mechanics Behind the OmegaPro Crypto Scam

Founded in early 2019, OmegaPro was presented to the public as a legitimate crypto trading and investment platform offering access to exclusive, high-performance trading strategies. The operation also used a multi-level marketing (MLM) structure to recruit new investors, incentivizing top promoters to grow the scheme further.

What made OmegaPro appealing to unsuspecting investors was its slick marketing—featuring lavish events, high-end branding, and a promise of life-changing profits. However, U.S. prosecutors say the entire premise was built on lies. The so-called trading strategies were never verified, and investors were not told the truth about where their funds were going.

Instead of being invested, the money was allegedly misappropriated. According to the indictment, Michael Shannon Sims, identified as OmegaPro’s founder, and Juan Carlos Reynoso, said to be head of Latin American operations, directed investor funds into private wallets for their own use and to reward top-level promoters.

U.S. and International Agencies Take Action

The charges—conspiracy to commit wire fraud and conspiracy to commit money laundering—were announced by the U.S. Attorney for the District of Puerto Rico, Stephen Muldrow. “As alleged in the indictment, the defendants operated a global fraud scheme through OmegaPro that deceived investors with false promises of extraordinary returns, only to misappropriate hundreds of millions of victim funds,” Muldrow stated.

The Federal Bureau of Investigation (FBI), U.S. Homeland Security Investigations, and the Joint Chiefs of Global Tax Enforcement — a coalition of tax authorities from the U.S., Canada, the U.K., Australia, and the Netherlands — are jointly leading the investigation. The cross-border nature of the operation and the size of the fraud triggered international cooperation rarely seen in white-collar crypto cases.

What This Means for Crypto Investors

The OmegaPro case is the latest in a string of crypto investment scams that have exposed how easily bad actors can exploit investor greed, technological confusion, and regulatory loopholes. While cryptocurrencies like Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) have legitimate investment appeal, the absence of oversight in many corners of the digital asset market leaves room for fraudsters to operate unchecked.

This case serves as a reminder that investors must exercise caution—especially when platforms promise guaranteed returns, rely heavily on referral-based recruiting, or lack transparency regarding how funds are used. Due diligence remains critical in a market where innovation often outpaces regulation.

Lessons From the $650 Million Scam

Although the defendants have not yet been convicted and are presumed innocent until proven guilty, the scope and method of the alleged fraud offer several takeaways for everyday investors:

• Avoid platforms with unclear business models

• Be wary of high-return promises with low risk

• Check for registration or regulatory oversight

• Don’t rely solely on social media hype or influencer endorsements

As law enforcement catches up with crypto crime, more crackdowns like the OmegaPro case may be on the horizon. Until then, the best protection for investors is knowledge—and skepticism.

As the crypto industry matures, cases like OmegaPro underline the urgent need for stronger oversight and investor education. While blockchain technology holds immense promise, it also attracts bad actors. Staying informed, asking tough questions, and avoiding “too good to be true” offers remain the best defense against future crypto investment scams.

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