Category: crypto
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Enlivex adds 3B Rain tokens with $21M debt and $20M buyback
Enlivex raised $21 million through a debt financing deal to buy 3 billion RAIN tokens at a discount. The company extended its purchase option for an additional 272.1 billion RAIN tokens through December 2027. The funding came from The Lind Partners, and Enlivex also approved a $20 million share buyback program.
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Ripple expands RLUSD push with Singapore BLOOM test
Ripple is testing RLUSD stablecoin in Singapore with Unloq to automate trade payments on the XRP Ledger through the MAS sandbox BLOOM. The pilot aims to streamline trade finance by automating payment release based on predefined conditions, potentially reducing delays in cross-border trade settlement. Ripple plans to expand its payment infrastructure in Asia and Australia.
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Irish police crack lost Bitcoin wallet tied to drug dealer
Irish authorities accessed a lost Bitcoin wallet linked to convicted drug dealer Clifton Collins with Europol’s help. The wallet contained 500 Bitcoin, part of Collins’ 6,000 Bitcoin stash. Europol provided technical support, and the wallet was believed to have been lost due to a missing recovery phrase. This successful operation allowed authorities to recover funds…
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CoinDCX co-founders get bail in fake platform case
CoinDCX co-founders Sumit Gupta and Niraj Khandelwal were granted bail by a court in Thane, India, after being accused of involvement in a fake platform pretending to be the crypto exchange. The court found no evidence against them and emphasized that another person was behind the cheating scheme. CoinDCX warned users about phishing risks and…
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Pump.fun limits fee wallet edits as revenue and volume fall
Pump.fun has limited token creators to one post-launch change in fee recipient settings to reduce concerns about fee manipulation. This change follows previous efforts to shift rewards from deployers to traders. Despite the update, platform fees and trading volume remain below 2025 levels. Community reactions to the new rule are mixed.
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Bhutan moves more Bitcoin as state wallet outflows rise in March
Bhutan transferred 519.7 BTC from a state-linked wallet, marking the third large sovereign wallet transfer in March. Despite the outflows, Bhutan still holds 4,453 BTC. The country is expanding its mining and reserve plans while developing a broader Bitcoin strategy through mining, infrastructure, and reserve planning.
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ECB sets summer window for digital euro rules ahead of pilot
The European Central Bank plans to announce digital euro standards by summer to help payment firms prepare early. Pilot testing is expected in 2027, with possible issuance readiness in 2029. The digital euro aims to support payments without replacing cash or bank deposits, providing a public payment infrastructure for European companies.
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Morgan Stanley to support tokenized stocks on internal venue by 2026
Morgan Stanley plans to allow clients to trade tokenized versions of U.S. stocks and ETFs on its internal ATS starting in late 2026. This move aligns with SEC pilots at DTCC and Nasdaq for on-chain settlement. The shift towards tokenized securities is part of a broader modernization of Morgan Stanley’s trading and settlement infrastructure.
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Robinhood unveils $1.5B buyback as HOOD drops 39% YTD
Robinhood has approved a $1.5 billion share repurchase program over the next three years. The company aims to return value to shareholders while continuing to build new products. Despite a declining stock price, Robinhood also expanded its credit facility and is focusing on growth in crypto and financial products.
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OpenAI cuts Sora app as wider retreat from video products deepens
OpenAI has started shutting down the Sora app, a consumer video product, and will provide timelines for users soon. The decision to wind down video products was made to shift resources to coding, enterprise tools, robotics, and broader AI goals. The app faced criticism over deepfakes and copyright concerns and did not successfully close a…