Category : CryptoNinjas

CryptoNinjas

22 Companies Block OKXICE Tokenized Stocks, Putting 63-Share Crypto Plan Under Pressure

Key Takeaways: A total of twenty-two companies have declined to accept tokenization of their shares on the pending OKXICE. Among the most recent rejecters are Wells Fargo, Arm Holdings and Intuit. The SEC has established an innovation exemption that...

Initia Halts L1 and Rollups After $2.7M Exploit Tied to Unauthorized Token Minting

Key Takeaways: After facing a security incident due to unauthorized token mints, Initia has suspended its Layer 1 and has integrated rollups onto its network. Initial estimates of the attacker’s outflow from the AUSD, ETH and USDC projects hov...

China Sets 2030 Deadline for National Blockchain Network Despite Sweeping Crypto Ban

Key Takeaways: Under the new 5-year digital strategy, China aims to achieve a national blockchain network which will be largely completed by 2030. The plan involves increased blockchain adoption, enhanced technological protocols and deeper integrati...

Ripple Partners With CryptEscrow to Simplify Crypto-Funded U.S. Real Estate Deals

Key Takeaways: Ripple and CryptEscrow to launch regulated foundations for crypto real estate transactions. Sellers and title companies won’t need to take digital coins themselves, but CryptEscrow will manage crypto-to-fiat conversion. It seeks...

Polymarket Fires CMO After Fake-Trade Probe,

Key Takeaways: Polymarket said it has terminated its Chief Marketing Officer, Matthew Modabber, following an internal investigation of several sweeping marketing moments. One episode, a spurious promotion for a ‘fake trade,’ is under scrutiny...

Securitize Brings 12 U.S. Stocks to Solana With 1:1 Backing and U.S. Investor Access

Key Takeaways: Securitize has added 12 U.S. stock tokens to Solana, such as Apple, Nvidia, Tesla, Microsoft and Amazon. The backing shares are not loaned out, and each token is backed 1:1 by an underlying share, Securitize states. After trading, eli...

25 BLOOM Participants Join 3 Asian Central Banks to Advance Cross-Border Digital Money

Key Takeaways: Singapore, Malaysia, and Thailand are working together on cross-border settlement with digital money. Banks and technology companies join large crypto and payments companies like Ripple, Circle, Coinbase, and Visa for BLOOM. The proje...

Reflect Lets Anyone Launch a Solana Stablecoin in Under a Minute With Shared Yield

Key Takeaways: Reflect has released the Create tool, which enables the user to mint stablecoins with a brand on Solana in one go. Creators have discretion over the collateral accepted and the allocation of underlying yields to the creators and token...

SoFi Launches 4.40% APY Tokenized Deposit With FDIC Cover and 24/7 Crypto Access

Key Takeaways: SoFi launched a variable 4.40% APY tokenized bank deposit service named SOFIE. Each SOFIE signifies $1 deposited with SoFi Bank and is eligible for FDIC insurance up to a limit. Users can use SOFIE 1:1 to get SoFiUSD, and then purchas...

Coinbase Ireland Hit With €3.25M Fine Over Fund Safeguarding and Oversight Failures

Key Takeaways: Irish central bank fines Coinbase Ireland $1.19m for customer fund safeguarding and outsourcing failures. The company used too much information from its U.S. parent group, while its local experience with the oversight side lacked, the...

Ripple and Arf Bring $10B PayFi Settlement Liquidity to XRP Ledger With RLUSD

Key Takeaways: For licensed payment companies on the XRP Ledger, Arf is rolling out settlement financing using RLUSD. About $10 billion in settlement volume is processed annually and the financing is usually repaid within 1-5 days. Once necessary ch...

Tesla’s $TSLA Stock Token Lands on Solana Across 10+ Apps via Backpack Securities

Key Takeaways: Tesla’s $TSLA tokenized stock has debuted on the Solana network via Sunrise, while the issuer is listed as Backpack Securities. The token can be accessed via +10 Solana applications: Phantom, Jupiter, Raydium, Kamino. The launch...

Meta Shares Go Onchain: $META Launches on Solana With 24/7 Trading and 1:1 Redemption

Key Takeaways: The Meta Platforms tokenized shares have gone live on Solana under ticker $META. The token is issued by Backpack Securities and brought onto chain by Sunrise, for 24/7 trading. Users who qualify will be able to exchange $META to obtai...

Standard Chartered Buys 100% of Zodia Custody

Key Takeaways: Standard Chartered entered into definitive agreements to acquire 100 per cent of Zodia Custody UK Limited. The five regulated Zodia crypto custody businesses in key markets will be consolidated into the Securities Services segment of...

Tether Backs Peso to Expand USDT Payments Across 4 Major Latin American Markets

Key Takeaways: Tether led the pre-seed investment of Bolivian fintech Peso for the growing USDT payment infrastructure. Today Peso is used to facilitate USDT on QR payments, banking rails, virtual accounts and food delivery. The funds will drive gro...

Dogecoin Labs Unites 3 Major DOGE Teams to Build Payments, Apps and DeFi at Scale

Key Takeaways: Dogecoin Labs is introducing MyDoge, DogeOS and Such App under one independent organization. The group is targeting payment, DeFi, gaming, AI, commerce, and developer solutions for expansion of DOGE. MyDoge currently has over 500,000...

Cardano Pushes Back on EU MiCA Expansion for DeFi, Staking and Crypto Lending

Key Takeaways: The Cardano Foundation advocated against the EU coming up with new rules for DeFi, staking, lending, or protocol-level crypto activities. The group is not interested in the regulation of blockchain, but the regulation based on the eco...

OpenSea Mobile Launches 10% Discount Permanent Fees to 25+ Blockchains

Key Takeaways: Now, OpenSea Mobile is expanding to offer trading and tracking opportunities for your crypto portfolio as well, with its release on iOS and Android. It supports more than 25 different blockchains and more than 12 different wallets, en...

Switzerland Clears First Retail Bitcoin ETF, Unlocking Direct BTC Access Nationwide

Key Takeaways: FINMA issued its first retail ETF based on Switzerland’s first direct investment into Bitcoin. The regulator allowed the exemption from the diversification guidelines due to Bitcoin’s long trading history and liquidity. De...

Circle CPN Wins Money20/20 Bronze With 175+ Financial Institutions Driving Network

Key Takeaways: Circle Payments Network (CPN) has been named Bronze for Payments in the Money20/20 awards. Circle stated over 175 financial institutions assist to scale up CPN into a global payments network. CPN revealed in previous reports that it w...

Metaplanet Wins Approval for 2,100 BTC Deal to Build Nasdaq Bitcoin Treasury Giant

Key Takeaways: All of the proposals related to Metaplanet’s 2,100 BTC investment were approved by Super League shareholders. Following the cierre, about 93.7% of the renamed Superplanet is expected to be held by Metaplanet. The partnership add...

Strive Raises $630M in SATS Nasdaq Debut With 15% Dividend Tied to Bitcoin Strategy

Key Takeaways: Strive successfully closed an IPO of an upsized $630 million, in its perpetual preferred stock. SATS pays 1.5% compounded on a $100 stated value, payable on each business day. Strive received new funds from the offering which could go...

Why Crypto Gaming Still Need Traditional Payment Rails

Cryptocurrency has given online businesses another way to move money. Bitcoin, Ethereum, stablecoins, and other digital assets can support cross-border transactions while appealing to customers who already own crypto. However, even gaming hubs design...

XRP Launches Official X Account, Draws 21,700 Followers in Explosive First Day

Key Takeaways: XRP created an official X account on X handle, @XRP, and shared the message, “hello, world. It’s about time.” This account is operated by both Ripple and the XRP Ledger Foundation. With just one day on the internet, the new profile ga...

Cysic Bridge Exploit Mints 10M CYS, Leaves 2.8M Tokens Frozen on BNB Chain

Key Takeaways: An attacker managed to create 10 million CYS using the Cysic cross-chain bridge on BNB Smart Chain. Cysic blacklisted the recipient address, thereby freezing approximately 2.8 million CYS still in the add. No assets on the mainnet wer...

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