IMF warns tokenized markets could amplify financial risks
The global financial institution found tokenized equity markets less liquid and more volatile than traditional markets, despite growing demand for 24/7 trading.
‘No going back’ for institutions moving toward tokenized onchain future, says Fidelity
Tokenization offers structural advantages to financial institutions and helps asset managers reach new markets, according to Fidelity’s head of digital asset strategists.
Circle brings USDC, EURC payments to SAP customers through Tereina
The partnership with SAP-backed Tereina will let businesses send and receive Circle’s stablecoins from within the financial software they already use.
Coinbase brings global crypto derivatives liquidity to US with Deribit integration
US institutions will gain access to Deribit’s options and perpetual futures through Coinbase, with US retail options expected later this year.
Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses
Igloo CEO Luca Netz said the company funded Abstract for 18 months but still failed to find product-market fit despite attracting major brands and a community of millions.
Ripple expands Brevan Howard deal with prime brokerage services
Ripple Prime will provide prime brokerage, clearing and financing services to funds managed by the $35 billion alternative investment manager.
Chinese crime network laundered over $1B for Lazarus: ZachXBT
ZachXBT says he infiltrated the network by posing as a customer, gaining information that helped trace funds from the $1.5 billion Bybit hack.
Vivek Ramaswamy’s gubernatorial run lacks the crypto rhetoric of his presidential bid
The Ohio Republican candidate holds a stake in a digital asset manager and received donations from many in the industry, but has avoided making crypto a central campaign issue.
Safe investor asks Swiss watchdog to intervene in governance dispute
Greenfield Capital said it sought changes to Safe Ecosystem Foundation’s board for months before turning to the Swiss regulator.
Japan adds Garantex to list of Russia sanctions over Ukraine war
Garantex was previously sanctioned by the US, the EU and other jurisdictions for helping Russian entities evade financial restrictions.