The Daily: Lighter raises $68 million, Coinbase launches savings accounts, fraudster jailed after record UK bitcoin seizure, and more
Lighter raised $68M, Coinbase launched UK savings accounts, and a fraudster was jailed after a record UK bitcoin seizure.Summary
The daily crypto news roundup highlights several key developments. Perp DEX infrastructure firm Lighter secured $68 million in funding at a $1.5 billion valuation, signaling renewed VC interest in this sector. In consumer finance news, Coinbase launched regulated savings accounts in the UK, offering 3.75% AER interest with FSCS protection. On the regulatory and legal front, a Chinese national, Zhimin Qian, received an 11-year sentence following the UK's largest crypto seizure, linked to a massive investment fraud scheme where she converted roughly £20 million into Bitcoin. Additionally, Brazil's central bank extended core financial sector regulations to crypto service providers, requiring authorization and adherence to AML standards starting in 2026. Finally, U.S. spot Solana ETFs recorded their tenth consecutive day of net inflows, totaling $342.5 million since launch.
(Source：The Block)