The US SEC has reportedly cleared Evernorth’s filing to raise capital through share sales, potentially allowing the company to expand its XRP holdings. However, the clearance does not confirm that the fundraising has been completed.
BlackRock sees tokenized funds becoming a key part of Wall Street’s financial infrastructure. According to Bloomberg, these funds are gaining traction for use as collateral and enabling 24/7 transfers, potentially making financial markets more efficient and accessible.
Charles Hoskinson Developing a New Programming Language for Cardano
Cardano founder Charles Hoskinson is developing a new programming language designed to support intents and proof-carrying data using Groth16 proofs.
Binance co-founder Changpeng Zhao (CZ) has questioned Solana’s understanding of China’s local policies following the suspension of an event in Shanghai. CZ also pointed to a similar incident in Shenzhen less than a year ago.
The NBA’s official Instagram account was reportedly hacked to promote a https://t.co/l6cL1IwVit memecoin. According to Front Office Sports, the suspicious post appeared on Wednesday and was quickly deleted. The incident raises concerns about social media security.
AI stocks are under pressure, and the impact is spreading across global markets. 📉
With over $800 billion reportedly wiped out from Asian stock markets, concerns over AI returns, Chinese chip competition, and borrowing costs.
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South Korea’s Meritz Securities has partnered with Ripple to explore institutional custody and tokenization services. The deal marks Ripple’s first securities partnership in South Korea and its fourth institutional partnership in the country this year.
Ledger Suspends Reseller Sales Amid Wallet Drain Investigation
Ledger has ordered resellers in Southeast Asia and Hong Kong to pause sales while it investigates reports of wallet drainings.
Ethereum Name Service (ENS) has proposed activating ENSv2 on mainnet, with administrative control managed by the ENS DAO. The plan includes freezing new registrations on ENSv1 and migrating existing names to the upgraded system, marking a major step in ENS’s platform evolution.
Standard Chartered Launches Custody for Ripple’s RLUSD
Standard Chartered has launched institutional custody services for Ripple’s RLUSD stablecoin on the XRP Ledger through its DIFC branch.
DOJ Reviews Binance’s $4.3 Billion Settlement
The U.S. Department of Justice’s criminal division is reviewing whether Binance complied with the $4.3 billion settlement it reached in 2023.
Cantor Fitzgerald Faces Senate Scrutiny Over Tether Ties
U.S. Senator Richard Blumenthal is seeking records on Cantor Fitzgerald’s reported 5% stake in Tether, valued at an estimated $10 billion, and its compliance checks related to alleged Iran-linked activity.
IMF Limits El Salvador’s Further Bitcoin Accumulation
The IMF has limited El Salvador from further accumulating Bitcoin under its $1.4 billion program. The move comes alongside a $138 million disbursement and increased demands for transparency around the government’s Bitcoin act.
OKX Launches Standalone Stablecoin Payments App
Crypto exchange OKX has launched OKX Money, a standalone app focused on stablecoin payments. The app allows users to save, send and spend stablecoins including USDC, USDT and USDG.
Virtuals Protocol Launches iOS App for AI-Powered Trading
Virtuals Protocol has launched an invite-only iOS app that allows AI agents to research assets, monitor markets, and execute trades on behalf of users through dedicated wallets and user-defined limits.
ICBA Sues OCC Over Crypto Bank Charters
The ICBA has sued the OCC, arguing that crypto firms’ trust bank charters could bypass safeguards and requirements faced by traditional banks.
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