Coinpedia

Pyth Network has launched real-time ETF price feeds for over 100 funds from major firms like Blackrock and Vanguard, providing onchain access to over $8 trillion in assets, aiming to improve accuracy in decentralized finance applications.

Aave has launched its decentralized finance protocol on Soneium, an Ethereum layer two by Sony Block Solutions Labs, enhancing consumer access to DeFi and supporting various assets while fostering user participation through a $4 million incentive program.

Chile has dismantled a money laundering operation linked to the Tren de Aragua criminal group, involving the arrest of 52 individuals. The group used cryptocurrency to move over $13.5 million from illegal activities across several countries.

The Brazilian banking system has suffered a major cyberattack, potentially the largest in its history, exploiting vulnerabilities in financial software to steal millions. Attackers quickly converted funds into cryptocurrency using instant payment systems.

Hut 8 Corp's subsidiary, Far North Power Corp, secured five-year capacity contracts with IESO, enhancing revenue stability and positioning for increased electricity demand in Ontario. The agreements cover 310 MW across four power plants, promising long-term financial stability and growth potential.

U.S. and EU regulators are enhancing cooperation on digital asset regulations, focusing on stablecoins and central bank digital currencies. The recent EU-U.S. Joint Financial Regulatory Forum emphasized the need for cohesive oversight to ensure market stability and foster innovation.

Ripple and Openpayd have partnered to enhance global stablecoin payment solutions, integrating fiat services into Ripple Payments. This collaboration allows enterprises to seamlessly convert between fiat and Ripple USD (RLUSD), promoting interoperability and facilitating real-world stablecoin adoption.

Webus International Ltd. announced a conditional agreement for a $100 million equity line of credit to enhance its XRP-driven financial strategy, focusing on crypto payments and global expansion in mobility and loyalty sectors. CEO Nan Zheng emphasized the strategic flexibility and minimal shareholder dilution this funding provides for fostering growth in North America and Asia-Pacific.

Blackrock's Bitcoin ETF is now generating more revenue than its S&P 500 fund, signaling a shift in institutional investment towards crypto. Strong demand and regulatory support have propelled the Ishares Bitcoin Trust to capture over 55% of the market share.

Ripple CEO Brad Garlinghouse clarified the company's non-involvement with Linqto's troubled resale scheme, confirming XRP remains unaffected. He emphasized that Linqto only holds shares acquired from other shareholders, and Ripple has no business ties with Linqto.

The SEC is shifting towards a more innovative regulatory approach for cryptocurrencies, focusing on clarity and market efficiency while maintaining investor protection. Chair Paul Atkins emphasizes supporting tokenization to foster industry growth.

The essay discusses the controversy surrounding Federal Reserve Chair Jerome Powell amid accusations of mismanagement and deception related to a $2.5 billion renovation project. Calls for a Congressional investigation highlight concerns over Powell's testimony and spending, sparking debate over Fed accountability versus its operational independence.