Evernorth Holdings purchased roughly 388.7 million XRP at a median value of US$2.44, accumulating roughly 95% of its goal. The corporate goals to supply institutional and retail traders with regulated, liquid XRP publicity. In the meantime, the REX-Osprey XRP ETF (XRPR) launched efficiently with over US$100 million in web inflowsContinue Reading
Trump Media partnered with Crypto.com to launch a reside beta prediction market on its Reality Social platform. The collaboration entails Reality+, Reality.Fi, and Crypto.com, which is able to act because the alternate and clearing companion for the brand new product. The transfer deepens ties between the businesses and locations predictionContinue Reading
Prediction market Kalshi sued the NY State Gaming Fee to dam a cease-and-desist order claiming its contracts are unlicensed sports activities wagering. Kalshi argues it operates as a federally regulated change below the CFTC, whose unique authority over listed derivatives ought to preempt state playing legal guidelines. The case hingesContinue Reading
The US deployed a service group close to Venezuela after indicators from President Trump about doubtlessly authorising strikes on drug cartels, which President Maduro rejected. A confrontation might enhance using stablecoins in Venezuela, which already ranks fourth in LATAM for crypto worth acquired attributable to inflation and sanctions. Each residentsContinue Reading
Citi and Coinbase associate to supply 24/7 digital asset funds for establishments, bridging fiat and crypto via blockchain-based infrastructure. The brand new Citi–Coinbase alliance streamlines on/off-ramps and explores stablecoin payouts to advance international crypto cost entry. Citi groups with Coinbase to simplify institutional crypto funds, merging conventional finance with blockchain-poweredContinue Reading
India’s Madras Excessive Court docket ordered WazirX operator Zanmai Labs to supply an US$11,800 (AU$17,995) financial institution assure in an XRP dispute following a 2024 hack. The court docket recognised cryptocurrency as property and acknowledged person claims beneath belief, reinforcing its authorized standing in India. WazirX’s relaunch, beneath a Singapore-approvedContinue Reading
Bitcoin is trading at US$114,508, up modestly on weekly charts but holding steady daily, 9.8% below its all-time high of US$128,198. Softer CPI data and reduced US-China tensions helped Bitcoin maintain crucial support levels, with analysts noting that holding above US$113,600 is pivotal for confirming a constructive shift. US inflationContinue Reading
Canary Capital is set to launch its Hedera and Litecoin ETFs tomorrow US time, despite the ongoing US government shutdown hampering SEC approvals. Changes to the ETFs’ registration statements allowed them to skirt part of the usual approvals process and automatically become active 20 days after filing. After months ofContinue Reading
Australia’s proposed crypto regulation, which provides “digital asset platform” and “tokenised custody platform” below the Firms Act, has broad business help. Trade suggestions focuses on three points: defining the scope and discretion of regulators, clarifying how native platforms can legally supply offshore liquidity, and offering key mechanics presently deferred toContinue Reading
IBM launched Digital Asset Haven, a brand new platform for custody, transaction routing, and settlement throughout 40+ private and non-private blockchains. The platform targets regulated establishments, together with banks, governments, and huge firms, that require sturdy coverage controls, auditability, and knowledge governance. Digital Asset Haven provides a simplified management airplaneContinue Reading
