Saudi Arabia has left mBridge, a cross-border CBDC platform that has drawn scrutiny from US policymakers, according to the Financial Times.
Ondo lets institutions convert stocks directly into tokenized shares
Ondo’s new in-kind conversion system allows approved institutions to mint and redeem tokenized stocks and ETFs using the underlying securities instead of cash.
Crypto PAC to spend $30M opposing Sherrod Brown in Ohio, again
The digital asset-aligned PAC joined other groups to spend more than a combined $300 million in the 2024 Ohio Senate race, resulting in Sherrod Brown’s loss to Bernie Moreno.
Circle launches Bitcoin-backed USDC borrowing for institutional clients
Circle is bringing Bitcoin-backed borrowing to institutional clients, allowing them to tap BTC holdings for USDC liquidity without selling their Bitcoin.
Bitcoin price tags $86K as analysis sees crypto in ‘new bull market’
Bitcoin crossed the $86,000 mark for the first time since late January as falling oil prices and concerns over supply lifted US stocks.
Crypto Biz: CLARITY Act setback puts Coinbase in the spotlight
Coinbase draws scrutiny after the CLARITY Act stalls, while the SEC moves ahead with tokenized stocks and crypto firms push deeper into payments.
Kyle Samani predicts SOL flippening, claims ‘no one’ uses ETH
Multicoin Capital co-founder Samani expects SOL to surpass Ether’s market capitalization “this market cycle” and argues that “today, no one really uses Ethereum.”
Strategy buys 950 Bitcoin for $76M, repurchases $174M in STRC
Strategy bought 950 Bitcoin for $75.7 million after a two-week pause and spent another $174 million repurchasing its STRC preferred stock.
ECB launches Pontes to settle tokenized assets without stablecoins
Pontes will expand its services and operating hours gradually, with full implementation expected by 2028 and more participants set to join.
NEAR jumps nearly 80% in a week as Intents volume nears $30B
Near expanded privacy features for traders as NEAR Intents recorded $29.3 billion in cumulative volume, including swaps involving Zcash.