Ripple Begins Testing Its Stablecoin on Ethereum and XRP Ledger
The company said it will use both Ripple USD (RLUSD) and XRP for cross-border payments services.
Finance
Bitcoin Miner With Celsius Assets Delays IPO After Losing CEO and Auditor
Ionic Digital’s CEO Matt Prusak will step down this month, recently appointed CFO John Penver will take the helm in the interim.
Medical Data Company OneMedNet Latest to Pursue Bitcoin Treasury Strategy After Capital Raise
OneMedNet (ONMD) late last month raised $4.6 million in a private placement and used $1.8 million of the proceeds to purchase bitcoin, according to a press release. Among the investors was Off The Chain Capital, a crypto investment fund.
JPMorgan Remains Cautious on Bitcoin as Positive Catalysts Mostly Priced-In
Retail investors seems to have played large role in recent crypto selloff that saw sharpest correction since FTX, the bank said.
Crypto for Advisors: Bitcoin and Lending
Bitcoin’s emergence in collateral structures has the potential to revolutionize the lending landscape. Its ability to mitigate credit risk amid escalating uncertainties highlights its transformative power.
Gyroscope Rolls Out Yield-Bearing Version of Stablecoin Targeting Over 10% Yield
The Galaxy-backed stablecoin project aims to attract DAO treasuries to allocate in their new stablecoin.
Crypto Asset Manager Algoz Taps Standard Chartered-Backed Zodia Custody for Safer Investing
Algoz will use Zodia’s Interchange service to offer off-venue settlement and mitigate risks around liquidity and insolvency.
Wallet Linked to Nomad Bridge Hack Transfers $36M of Ether to Tornado Cash
A wallet linked to the $200 million hack of the Nomad bridge in 2022 transferred 14,500 ETH to sanctioned coin-mixing service Tornado Cash, according to blockchain security firm PeckShield.
Metaplanet Arranges Loan to Buy $6.8M of BTC
The Japanese company announced its plan to adopt bitcoin as a reserve asset to hedge against the volatility of the yen in May.
Hong Kong Digital Bank Mox Adds Crypto ETFs, Plans Direct Crypto Investing
Mox, a virtual bank subsidiary of Standard Chartered, has started offering bitcoin and ether exchange-traded funds to its clients shortly after launching an investment platform in Hong Kong.