Ripple’s global custody network now spans multiple continents, with Absa becoming its first major institutional partner in Africa. Ripple has announced a strategic partnership with South Africa’s Absa Bank. Under the agreement, Absa will integrate Ripple’s custody technology to manage tokenized assets, including cryptocurrencies. With this partnership, Absa gains access to Ripple’s institutional-grade technology,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Cardano and XRP ecosystems could further deepen their ties following the announcement that the Cardano Foundation has joined the MiCA Crypto alliance. Meanwhile, the organization unveiled the MiCA-compliant ADA white paper, providing a bullish outlook for the ecosystem. Cardano and XRP…
Opening arguments in the criminal trial for two brothers allegedly responsible for using maximal extractable value (MEV) bots to perpetuate a multimillion-dollar exploit kicked off on Wednesday. Anton and James Peraire-Bueno appeared in a New York courtroom as US attorneys and defense lawyers presented different narratives around the alleged crypto scheme, which resulted in about…
Key Takeaways Sony Bank, majority-owned by Sony, is seeking a national trust bank charter with the OCC to enable it to issue and manage stablecoins in the US. This move marks Sony Bank’s entry into the US stablecoin and digital asset market via federal regulatory channels. Share this article Sony Bank, a Japanese financial institution…
Ethereum price remains above the $3,700 level as market structure hints at a developing re-accumulation range between $3,700 support and the high time frame resistance near $4,240. Summary Ethereum holds strong above $3,700 with bullish defense of key support. Price action hints at a developing equilibrium range between $3,700 and $4,240. Sustained consolidation could set…
What’s happening with these new XRP ETF applications? Ripple’s chances of having exchange-traded funds tracking the performance of its own token in the US continue to be extremely high, even though the US SEC keeps delaying almost all applications. However, there is a new set of filings that went on the SEC’s desk this…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Conservative activist Laura Loomer and crypto attorney John E. Deaton ignited a fresh wave of controversy around Sam Bankman-Fried’s legal fate, alleging a “massive and well funded” push to secure presidential clemency for the convicted FTX founder. Their claims arrive against the…
What does ETH at $100,000 look like? If ETH hits $100,000, Ethereum will become a multitrillion-dollar economy with outsized knock-on effects. At $100,000 per Ether (ETH), today’s circulating supply of 121.1 million would imply a market value of around $12.1 trillion. That’s about 3.2 times Apple’s market cap and roughly 44% of gold’s estimated total…
Key Takeaways Standard Chartered and OKX are partnering to offer regulated institutional crypto trading in Europe. OKX’s MiCA license enables secure asset custody and collateralized trading for institutional investors in the EU. Share this article Standard Chartered has joined forces with OKX to integrate regulated bank custody with crypto trading infrastructure, giving institutional investors a…
French banking institution ODDO BHF has recently launched a new euro-backed stablecoin, EUROD. The token will be listed on the Madrid crypto platform Bit2Me. Summary French banking giant ODDO BHF has launched its euro-backed stablecoin, EUROD, marking its first move into the crypto market. The launch comes amid a broader push by European banks to…
