Category: crypto

A coalition including the Solana Policy Institute, Orca, and Superstate has filed a request with the SEC to launch a pilot program for issuing and trading securities on public blockchains. The Project Open initiative aims to create transparent and compliant markets for traditional securities by utilizing blockchain technology. The SEC has not yet responded.

Ripple proposed a takeover of Circle for $4-5 billion, but Circle rejected the bid as too low. Ripple may submit another offer, but Circle is focused on its IPO strategy. The attempted acquisition reflects increasing M&A activity in the crypto sector, with both companies playing key roles in stablecoin issuance.

Ethereum co-founder Vitalik Buterin announced ambitious goals for Ethereum’s future development, focusing on faster transactions, stateless client architecture, enhanced privacy, and decentralization. The network reached a record high in active users, with plans for single-slot finality and stateless clients to improve scalability and privacy. Buterin also emphasized broader ecosystem support and trusted information exchange systems.

DWF Labs, a Web3 investor and market maker, has announced a collaboration with the JUST Foundation to provide liquidity support for JST, the governance token of the JUST ecosystem on the TRON blockchain. This aims to enhance the DeFi ecosystem and support platforms like JustLend, JustStable, and USDD stablecoin system.

BlackRock, the world’s largest asset manager, is seeking approval to introduce blockchain-enabled shares called “DLT Shares” tied to its $150 billion money market fund. The Bank of New York Mellon will manage the sale and maintain ownership records using blockchain. This move reflects BlackRock’s growing interest in blockchain technology and asset tokenization.

The US Q1 GDP came in below estimates, contracting by 0.3%. Forecasts show a divide, with some models predicting contraction and others growth. The trade deficit is a common feature across estimates, with some attributing negative contribution to it. Bitcoin’s market setup diverges from the traditional macro picture, with inflows continuing despite price pullback. Inflation,…

The TON Foundation has partnered with Libre to launch a $500 million tokenized bond fund tied to Telegram, called the Telegram Bond Fund (TBF). This fund brings a portion of Telegram’s outstanding bonds to the TON blockchain, enabling institutional investors to access traditional financial products in a decentralized format. Libre plans to introduce a Gateway…

FIFA is moving its NFT collection platform, FIFA Collect, from the Algorand network to a new blockchain compatible with Ethereum Virtual Machine (EVM). This change aims to enhance user experience and increase cross-network flexibility. The migration is tentatively set for after May 20, offering faster performance and improved functionality.

Trump Media and Technology Group, behind Truth Social, plans to launch a utility token and digital wallet for its video streaming platform, Truth+. This move is part of a broader strategy to create a blockchain-integrated platform. Additionally, they are launching a financial services arm, Truth.Fi, focusing on conservative values in fintech solutions.

The U.S. Securities and Exchange Commission has ended its inquiry into PayPal’s dollar-backed stablecoin, PYUSD, without pursuing enforcement action. This decision follows a subpoena in November 2023 and signals a measured regulatory approach to stablecoins. PayPal’s PYUSD is exempt from further investigation, potentially impacting stablecoin legislation.