Category: crypto
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Tokenized Deposits vs Stablecoins on Canton
HSBC, Lloyds, and JPMorgan are committing to tokenized deposits on the Canton Network. Tokenized deposits have the same legal status as bank deposits, unlike stablecoins. Canton’s architecture eliminates bridge risk, allowing for true Delivery versus Payment settlement. Tokenized deposits and stablecoins are complementary, not competing, with Canton offering interoperability.
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Chainlink Earns Deloitte SOC 2 Type 2 Certification
Deloitte completed a SOC 2 Type 2 examination for Chainlink’s CCIP and Data Feeds, making Chainlink the only blockchain platform with SOC 2 Type 2, SOC 2 Type 1, and ISO/IEC 27001:2022 certifications. This certification allows for institutional deployment as it meets the security requirements of traditional financial institutions. Despite this, Chainlink’s token price has…
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Ethereum Bounces Above $2,300 on Bitcoin Rally
Ethereum opened at $2,375.12 on April 23, 2026, up 2% from the previous day, following Bitcoin’s rally above $78,000. However, ETH retreated to $2,316.88 due to caution over Iran peace talks and US naval activity. Institutional support and geopolitical factors continue to influence Ethereum’s price movement.
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GraniteShares 3x XRP ETF Delayed to May 7
GraniteShares has delayed the launch of its 3x Long and 3x Short XRP Daily ETFs from April 23 to May 7, marking the fifth postponement in three weeks. This raises questions about whether the SEC will approve 3x leveraged crypto products under the same framework it used to reject similar products from ProShares in December…
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OKX taps BitGo custody in major US institutional trading push
OKX has integrated BitGo’s Off-Exchange Settlement platform for institutional clients in the United States, allowing firms to trade on OKX while keeping their assets in BitGo’s cold custody. This move aims to enhance capital efficiency for traders and institutions, reduce the need for pre-funding exchange accounts, and provide custody options outside the exchange. The integration…
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FTX’s $200K Cursor sale turns into $3B missed fortune
FTX bankruptcy estate sold a 5% stake in Cursor for $200,000 in April 2023. This sale now seems undervalued as Cursor’s valuation has risen to $60 billion, making the stake potentially worth $3 billion. The sale has raised questions about FTX estate asset sales and potential missed gains for creditors.
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Lido joins DeFi relief push after $292M Kelp exploit
Lido Labs requested the Lido DAO to approve the use of 2,500 stETH, valued at $5.8 million, to address the rsETH shortfall caused by the recent Kelp exploit. The exploit led to bad debt concerns in DeFi platforms, prompting recovery efforts from various projects like EtherFi and Aave. The proposal aims to contribute to a…
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Jane Street asks court to dismiss Terra collapse lawsuit with prejudice
Jane Street is asking a U.S. court to dismiss a lawsuit accusing it of insider trading related to the TerraUSD collapse. The lawsuit alleges that Jane Street used non-public information to trade before UST lost its dollar peg in May 2022. Jane Street argues that trading decisions were based on public information and that the…
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Paradigm-backed Succinct launches ZCAM iPhone app to verify real media
Succinct Labs launched ZCAM, an iPhone camera app that verifies photos and videos at the moment of capture by creating cryptographic fingerprints. The app targets AI-generated fake media risks and aims to provide proof of origin. The company raised $55 million in funding and offers other crypto tools like SP1.
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Aave leads $101M DeFi rescue effort to restore rsETH backing after Kelp hack
Decentralized finance protocols have pledged over $101 million in Ether to stabilize rsETH after a $293 million exploit. Aave’s “DeFi United” relief effort has gathered commitments exceeding 43,500 Ether. Various organizations, including Mantle and EtherFi Foundation, have committed funds to help restore the backing of rsETH. Recovery efforts are ongoing, with freeze measures in place…