SBI CEO Calls Ripple Stake A ‘Hidden Asset’

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure SBI Holdings CEO Yoshitaka Kitao pushed back on a viral claim that the Japanese financial group holds $10 billion worth of XRP, arguing instead that SBI’s more consequential exposure sits in its equity position in Ripple Labs, a stake he suggested the…

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Russia records $647M in daily crypto transactions, says deputy finance minister

Daily crypto activity in Russia has climbed to about $647 million (50 billion rubles), said Ivan Chebeskov, Russia’s Deputy Finance Minister, at the Alfa Talk conference “Digital Financial Assets: New Market Architecture.” Officials estimate that this equates to more than $129 billion (10 trillion rubles) in yearly turnover, much of which currently operates outside formal…

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Apollo to acquire Up to 90M MORPHO tokens in strategic deal

Apollo Global Management is moving to deepen its involvement in decentralized finance through a long-term collaboration with the Morpho Association. Summary Apollo Global Management will acquire up to 90 million MORPHO tokens over 48 months. The partnership follows institutional integrations with Bitwise, which launched a USDC yield vault, and Flare, which enabled XRP-linked lending. The deal strengthens Morpho’s on-chain…

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PGI CEO Sentenced to 20 Years in $200M Bitcoin Ponzi Scheme

PGI’s CEO spent millions on luxury cars, homes, hotels, designer clothing, jewelry, and watches using investor funds. The US Department of Justice announced that Ramil Ventura Palafox, the CEO of Praetorian Group International (PGI), was sentenced to 20 years in prison. Prosecutors stated that Palafox operated a $200 million Bitcoin-based Ponzi scheme that defrauded…

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Adam Back Opposes BIP-110 Ordinals Fix

Blockstream CEO Adam Back has opposed a proposal aimed at reducing Ordinals-like “spam” on Bitcoin, warning that the fix could do more harm than good to the network’s credibility. Bitcoin Improvement Proposal (BIP-110) was proposed by pseudonymous Bitcoin developer Dathon Ohm in December. Nearly 7.5% of Bitcoin nodes — all of which are Bitcoin Knots…

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Michael Anderson: Coinbase’s actions freeze market momentum, Elizabeth Warren’s amendments undermine legislation, and the impact of credit card interest rate caps

Coinbase’s recent actions led to a significant freeze in market momentum. Despite initial panic, the market is expected to recover. Elizabeth Warren’s proposed amendments undermine the bill’s purpose. Key Takeaways Coinbase’s recent actions led to a significant freeze in market momentum. Despite initial panic, the market is expected to recover. Elizabeth Warren’s proposed amendments undermine…

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prediction markets must shift from betting

Ethereum co-founder Vitalik Buterin warned that prediction markets are sliding toward “unhealthy product market fit” by focusing on short-term cryptocurrency price bets and sports betting. Summary Vitalik warns prediction markets are becoming short-term gambling tools. He urges a pivot toward hedging and real-world risk management uses. Proposes personalized prediction baskets replacing fiat stability. Writing on…

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