Category: crypto

Hong Kong completed its largest digital bond sale to date, priced at HK$12 billion. It aimed to bring traditional fixed-income markets onto blockchain-based infrastructure. The issuance reduced settlement time and set a new maturity record. Investor demand exceeded HK$24 billion, with orders from over 100 institutional accounts across Hong Kong and overseas.

Bybit has been named to the Fortune Crypto 100 list, recognizing its role in the global digital asset ecosystem. The company’s inclusion highlights its contribution to digital asset infrastructure and innovation. Bybit aims to expand its presence in crypto trading, payments, tokenized assets, and web3 services while focusing on building trust with users and advancing…

io.net has introduced a new token burn mechanism tied to network revenue to remove up to 12 million IO tokens from circulation in the next year. The company reports increased enterprise demand and record AI inference activity. A stable U.S. dollar value will be used for supplier payouts.

Circle transferred a record $4 billion in USDC to a Coinbase address through HyperEVM, the largest USDC transaction ever according to Arkham. This transfer is connected to Coinbase’s role as Hyperliquid’s official USDC treasury deployer under the AQA framework, aiming to strengthen USDC’s role in onchain capital markets.

BBVA has expanded ChatGPT Enterprise access to all 120,000 employees globally for various services. OpenAI and BBVA have a multi-year agreement to integrate AI across the bank’s operations in 25 countries. The partnership aims to enhance customer service, risk analysis, software development, and internal productivity tools.

Sam Bankman-Fried’s appeal to overturn his 2023 fraud conviction and 25-year prison sentence has been denied, leaving him with limited legal options. The court upheld the verdict tied to the collapse of FTX, rejecting claims of excluded evidence. Bankman-Fried continues to seek a presidential pardon while maintaining his innocence.

Ethena Labs plans to allocate $250 million to Securitize’s tokenized AAA-rated CLO fund as it expands to Solana. The fund invests in U.S. dollar-denominated AAA-rated CLO tranches, supported by BNY as custodian and sub-adviser. Securitize aims to bring traditional financial products onto blockchain networks while improving operational processes and accessibility.

Exodus Movement and Ondo Finance have partnered to launch trading for over 200 tokenized stocks, ETFs, and real-world assets through the Exodus wallet app. This expansion comes as tokenized equities have grown in market value, with regulators worldwide paying closer attention to the sector to ensure investor rights are protected.

Morningstar estimates SpaceX’s fair value at $63 per share, below its $135 IPO price. Despite valuation concerns, some analysts predict the stock could rise to $190. Strong demand has led to speculation in the crypto market, with tokens like SPCX seeing significant activity. Morningstar warns that investor enthusiasm may not reflect the company’s true value…

Solana’s price has increased by 3.38% to $67.73, with weekly gains above 4%. The recent price movement is linked to the launch of SPCX, a tokenized SpaceX product on Solana. Bears have been in control of the market, but bulls are now defending support levels and attempting a trend reversal.