FinovoHub

The opportunity has drawn growing interest across Wall Street. Citi projected that tokenized securities could reach $5.5 trillion by 2030, while Boston Consulting Group and Ripple estimated the market could grow to $18.9 trillion by 2033. “We have long said that public equities are moving onchain, and there is no stronger validation of that belief than tokenizing our own public stock on day one,”…

DeFi lending protocol Edel disclosed a $403,000 exploit that hit the layer where tokenized stocks are trying to become DeFi collateral. Edel said no depositor would bear losses, and the team would absorb the bad debt, restore affected balances one-to-one, and rebuild the protocol’s oracle architecture for a version two release. The attack manipulated the exchange rate between wGOOGLx, a wrapped…

The International Monetary Fund (IMF) says tokenization could fundamentally reshape how financial markets operate, marking one of the strongest acknowledgments yet from a global policymaker that blockchain-based infrastructure is moving into the financial mainstream. In a blog published Thursday, Tobias Adrian, the IMF’s financial counselor and director of its Monetary and Capital Markets…

For readers tracking where the market is actually changing, this is the part that matters. Crypto ETF Inflow Split: Ether and Solana Products Gain While Bitcoin Outflows Exceed $290M gives NewsBTC readers a clean angle on ETF at a point where the market is trying to separate durable signals from short-lived noise. According to the source material reviewed for this report, the story turns on a few…

France’s crypto security problem is expanding beyond private keys to include the people whom attackers can identify, threaten, and force to authorize transfers. Interior Minister Laurent Nuñez said French authorities have recorded 77 cases this year involving unlawful confinement, abduction, extortion, or attempted extortion tied to crypto-sector actors, according to BFM TV. Le Parisien, in a…

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) added 134 crypto wallet addresses to its ISIS-Khorasan (ISIS-K) sanctions entry on Wednesday, including 131 Tron addresses and 3 Monero addresses. The TRON wallets received more than $1.4 million since 2023 and sent more than $880,000, according to Chainalysis. Tether froze balances on all 131 Tron addresses. ISIS-K, the Islamic State…

Strategy has become one of the largest corporate holders and buyers of bitcoin, with 847,363 BTC on its balance sheet. Its aggressive accumulation strategy has made the company a major source of demand for the cryptocurrency, meaning any shift toward selling the digital asset, even occasionally, could influence market liquidity, price dynamics and investor sentiment by introducing a new source of…

U.S. jobs growth disappointed last month, with the data likely to set back market expectations of a Federal Reserve rate hike as soon as this summer or early Fall. The U.S. added 57,000 jobs in June, according to the government’s Nonfarm Payrolls Report released Thursday morning. That’s lower than the 110,000 forecasted by economists and significantly below May’s 129,000 gain (revised from an…

Robinhood is pushing deeper into crypto infrastructure with the launch of its own blockchain network, tokenized stocks and decentralized lending products, even as one of its fastest-growing revenue opportunities may be forming outside crypto. On July 1, the brokerage launched the public mainnet for Robinhood Chain at a London event, marking its most direct move yet into onchain financial…

K Wave Media has become a new case study for corporate Bitcoin trade stress. In a June 30 Form F-3, the Nasdaq-listed company disclosed that it sold all of its Bitcoin holdings on May 6 and said the sale generated aggregate proceeds of $64.2 million. The filing also said K Wave had liquidated 88 Bitcoins under an April 29 amendment to its securities purchase agreement with Anson Funds and used…

The stablecoin market has long rewarded the companies that issue digital dollars. They take in customer cash, hold reserves in short-term government securities, and earn the yield. Now, the companies that distribute those tokens want more of the economics. That tension is at the center of Open USD (OUSD), a planned stablecoin backed by more than 140 financial, technology, and crypto firms,…

OpenAI, the company behind ChatGPT, has reportedly discussed giving the US government a 5% equity stake as artificial intelligence oversight in Washington intensifies. The company raised the idea in early discussions with the Trump administration as it seeks to navigate a tougher political environment ahead of a potential public listing, the Financial Times reported on Thursday, citing people…

New wallet creation hit a three-month high and large-holder activity strengthened, but XRP still needs to reclaim $1.10 before the recovery looks convincing. Source link

The company behind the dYdX decentralized exchange (DEX) has partnered with Robinhood to rebrand and launch the protocol as Arcus on the Robinhood Chain. An X account for Arcus posted on Wednesday that “dYdX is now Arcus” and would launch on the Robinhood Chain, Robinhood’s Arbitrum-based layer 2 blockchain that went live the same day. The dYdX Foundation said that dYdX Labs created Arcus “in…

Key takeaways: Persistent spot Bitcoin ETF outflows and US dollar strength reduce the odds of a quick bounce to $65,000. Strong AI sector earnings momentum and higher fixed-income returns pull capital from Bitcoin and gold. Bitcoin (BTC) reacted positively to US Federal Reserve Chair Kevin Warsh’s remarks on stubborn inflation. Despite the gains on Wednesday, traders fear that incentives for…

Circle CEO Jeremy Allaire used Open USD’s launch to draw a harder line around USDC’s moat: a partner-owned stablecoin can challenge Circle only if its distribution becomes live, regulated transaction flow. His July 1 response followed Open Standard’s June 30 announcement of Open USD. The launch post said more than 140 businesses had signed up to use the token, including Visa, Stripe, Mastercard,…

Its launch comes as Ethereum’s support ecosystem undergoes a broader evolution, following the debut of EthLabs and amid ongoing efforts by the Ethereum Foundation to respond to community criticism over transparency, communication and its role within the ecosystem by encouraging more independent organizations to take the lead on adoption and ecosystem growth. Vivek Raman, CEO of Etherealize, said…