Summary Ripple invested in African fintech Flutterwave’s new funding round, valuing the company at $3.2 billion. Flutterwave will integrate Ripple’s $RLUSD stablecoin and the $XRP Ledger network into its payments and remittance network. The companies said the partnership could help businesses move money across borders faster and at lower cost. Ripple, the blockchain firm closely
Summary Coinbase plans to introduce tokenized stocks backed one-for-one by underlying U.S. equities, allowing users to own, trade, hold and redeem equities on a blockchain while receiving dividends automatically. CEO Brian Armstrong said the new products differ from many existing tokenized stock offerings by providing direct equity ownership rather than derivative or synthetic exposure. The
Summary State Street has introduced a government money market fund tailored for stablecoin issuers, aiming to manage the reserves that back digital dollars under the $GENIUS Act framework. The move intensifies competition among major asset managers such as BlackRock, Franklin Templeton, Fidelity and JPMorgan to oversee the Treasury bills, cash and money market funds that
The leading cryptocurrency, Bitcoin ($BTC), surged above $66,000 following news of a potential agreement between the US and Iran. While talk of a bottom for $BTC, which has recovered for the second time from $60,000, is increasing, Wintermute notes that it’s still too early to say Bitcoin has hit the bottom. Wintermute, a leading market
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1829.21, down 0.7% (-12.13) since 4 p.m. ET on Monday. Six of 20 assets are trading higher. Leaders: UNI (+12.9%) and XLM (+2.7%). Laggards: ADA (-3.4%) and NEAR (-2.5%).
The preliminary agreement announced over the weekend between the US and Iran has boosted risk appetite in global markets, but the cryptocurrency market has not seen a similarly strong sense of relief. In particular, expectations of a possible reopening of the Strait of Hormuz led to rapid price fluctuations in energy markets. While oil prices
Summary BlackRock’s iShares Bitcoin Premium Income ETF (BITA), designed to provide bitcoin exposure while generating monthly income through a covered call strategy, begins trading on Tuesday. The fund holds spot bitcoin and shares of the iShares Bitcoin Trust (IBIT), selling call options on about 25% to 35% of its portfolio to collect option premiums. BlackRock
Bitcoin’s protocol rewards miners through block subsidies and transaction fees, leaving holders who sit on coins with no claim on the network’s output, no interest, no dividend, no staking reward of any kind. Wall Street is building income products around it anyway, and two events landing within days of each other show how far that
ARO Network, a renowned decentralized AI infrastructure platform, has partnered with Zypher DAO, a popular DAO for an AI-based, Zero-Knowledge-led economy. The partnership merges the strengths of both entities to delve into unique possibilities for user-centric and intuitive blockchain applications. As ARO Network mentioned in its official X announcement, the development underscores a rising shift
Chainlink is a decentralized oracle network that connects blockchain smart contracts to real-world data. Most DeFi users interact with it every single day without knowing it. When you deposit crypto into Aave or borrow against collateral on Compound, Chainlink is the system feeding those protocols the price data they need to work correctly. Why Smart