Ondo expands tokenized equities with onchain shareholder voting

Ondo Finance is adding shareholder voting rights to its tokenized stocks and exchange-traded funds (ETFs) through a partnership with financial infrastructure provider Broadridge, addressing one of the key limitations of blockchain-based securities.  The companies announced Thursday that holders of more than 250 tokenized securities issued through Ondo will be able to participate in proxy voting and access corporate communications, including regulatory filings and other shareholder documents.  The integration uses a Web3-enabled version of Broadridges investor communications platform, allowing users to authenticate with blockchain wallets while accessing governance services typically reserved for shareholders in traditional markets.  The move comes as tokenized equities gain momentum among digital asset companies seeking to bring conventional financial products onchain. While tokenization promises faster settlement and around-the-clock trading, questions have remained over whether investors would receive the governance rights that accompany traditional direct stock ownership.Source: Ondo Finance  Ondo said the governance features will accompany the launch of its first US custodial tokenized securities, including tokenized versions of BlackRocks iShares Core Ss third-party custodial framework for tokenized securities.  Related: Blockchain.com deepens onchain stock offerings as tokenized equities market grows  Competition heats up in tokenized equities  The market for tokenized stocks has expanded rapidly this year, as its total value first surpassed $1 billion in

07-03انڈسٹری

Bitcoin and Ethereum Rise From Recent Lows as Solana Leads Gains Among Major Coins

Major cryptocurrencies are broadly in the green Thursday with Bitcoin, Ethereum, XRP, and other top coins showing gains as crypto liquidations climb—with short positions making up the majority of the carnage.  Bitcoin topped the $62,000 mark Thursday morning for the first time in more than a week, rebounding to $62,078 after falling to a 21-month low under $58,000 earlier in the week. At a recent price of $61,808, Bitcoin is up about 3% on the day and 4% in the last week.  Other major cryptocurrencies are showing similar gains, with Ethereum and Solana both up nearly 5% on the day, hitting recent prices of $1,701 and $81 respectively. Solana is the biggest gainer among the top 10 cryptocurrencies in the last week, rising more than 22% during that span. XRP is up more than 3% on the day at a recent price of $1.09.  Crypto liquidations have surged to $602 million over the last 24 hours, per data from CoinGlass, with Ethereum flipping Bitcoin to become the biggest contributor with $187 million in liquidations compared to $184 million for BTC. Overall, short liquidations make up $400 million of the pile.  The bullish rebound comes following comments Wednesday from Federal Reserve Chair Kevin Warsh, who

07-03انڈسٹری

EToro invests in onchain derivatives platform Extended as brokers race into DeFi

Digital broker eToro (ETOR) is doubling down on decentralized finance (DeFi) as online brokerages race to bring blockchain-based trading to mainstream investors.  The company led a $12.5 million funding round for Extended, an onchain perpetual futures exchange founded by former employees of London-based fintech Revolut. Jump Crypto and Alber Blanc also participated in the round.  The investment builds on eToros $70 million acquisition of self-custody wallet Zengo, announced in April, and offers a clearer picture of the companys onchain strategy.  “We are seeing growing demand from our users for seamless access to DeFi products,” Elad Lavi, eToros executive vice president of corporate development and strategy, told CoinDesk. “Our recent acquisition of Zengo and our investment in Extended are key parts of our strategy to meet this demand and expand our Web3 ecosystem.”  EToro plans to integrate Extendeds perpetual futures engine directly into the Zengo wallet, giving users access to onchain derivatives while retaining custody of their assets.  Over time, the company plans to bring broader DeFi products into the core eToro platform, Lavi said.  The race for onchain trading  The move comes as competition among digital brokerages is shifting toward blockchain-based trading infrastructure. On Wednesday, rival broker Robinhood rolled out its own blockchain, expanded its tokenized stock

07-03

Robinhood CEO says future of crypto is in real-world assets, not memecoins

Quick TakeWhen asked to explain why crypto is struggling this year, Robinhoods Vlad Tenev told CNBC that TradFi and crypto are merging and the future of digital assets is in bringing real-world assets online.Memecoins and “memecoin-like things” dont warrant much attention, he argued.  A day after Robinhood unveiled an expansion of its tokenized equities offering, CEO Vlad Tenev said the growth of the digital assets industry hinges on bringing real-world assets (RWAs) onchain rather than creating tokens without underlying utility.  “The future of crypto is in real-world assets,” Tenev told CNBC on Thursday morning. “If an asset is not tied to an underlying utility, its not a productive asset. Whats the benefit of making a million different memecoins?”  On Wednesday, Robinhood launched Stock Tokens, a service that allows eligible users to trade tokenized equities 24/7, and eventually deploy those assets into lending pools where they can be used as trading collateral across the broader DeFi ecosystem. Robinhood is also working on ways to offer users exposure to privately held companies like OpenAI.  Asked whether the crypto market has entered into an “enduring crypto winter,” Tenev spoke to his belief in the merging of traditional finance and crypto. Robinhood, which started as a popular app

07-03انڈسٹری

XRP Lending Infrastructure Could Unlock New Borrowing Strategy, Analyst Says

$XRP analyst James Dula says new lending infrastructure on the $XRP Ledger could eventually let holders borrow against their $XRP without selling it.   He also believes they could earn yield on unused $XRP to help offset borrowing costs.  In a post on X, Dula linked several recent developments. These include Coinbases $XRP-backed loans, government-backed crypto mortgage structures, and proposed $XRP Ledger lending features. He argued that together they could create a new financial model for long-term $XRP holders.  Borrow Against $XRP Without Selling  According to Dula, $XRP holders can already use their tokens as collateral for crypto-backed loans through Coinbase, which added $XRP as eligible collateral earlier this year.  He used a hypothetical example. An investor holding 10,000 $XRP worth about $1 million, assuming an $XRP price of $100, could pledge 2,500 $XRP valued at around $250,000. With a loan-to-value ratio of roughly 49%, the investor could borrow about $120,000 in USDC without selling their $XRP.  Dula said the transaction would be treated as a loan rather than a sale. That means it would not trigger a taxable capital gains event while allowing the investor to keep exposure to potential future $XRP price gains.  Crypto-Backed Mortgages Show Where the Market Is Heading  Dula also pointed to a

07-03

Humanity Protocol repositions toward enterprise AI after $36 million hack, founder says

Quick TakeIn his first interview since the hack, Humanity Protocols Terence Kwok said the project is advancing with a month-long repositioning move toward enterprise AI products, stepping back from its identity-and-blockchain framing after a $36 million exploit.Kwok conceded the odds of recovering the stolen funds are low, pointing to Bybits struggle to claw back its own far larger $1.5 billion theft last year.  Humanity Protocol founder Terence Kwok said the project is repositioning toward enterprise AI products, moving away from its identity-and-blockchain roots weeks after a $36 million exploit drained its treasury and collapsed the H token.  Speaking on The Blocks daily show, The Starting Block, in his first interview since the June attack, Kwok said the team had spent the past six to nine months quietly rethinking its direction and that the hack accelerated a shift already underway.  How the breach unfolded  The exploit stemmed from a compromised developer laptop rather than a smart-contract flaw.  A phishing email reached several members of Kwoks team, and although no one clicked it, the attackers eventually gained access to private keys associated with a member of the Humanity Foundation.  At the time, estimates from onchain analysts gathered that wallets linked to the project were drained for more than

07-02انڈسٹری

Standard Chartered partners with Circle to launch direct USDC minting

Standard Chartered has become the first globally systemically important bank to offer direct $USDC minting and redemption.   The bank announced Thursday it has partnered with Circle to allow institutional clients to mint and redeem $USDC, without needing direct Circle accounts.  Circle ???? Standard Chartered@StanChart has launched institutional $USDC minting and redemption through DIFC, becoming the first G-SIB to offer institutional access to $USDC through a regulated banking channel.  A major milestone for institutional stablecoin adoption.… pic.twitter.com/SufjFOqjyk  — Circle (@circle) July 2, 2026  The service launches first for Standard Chartereds clients in Dubai, and will expand to other regions “subject to regulatory approvals and market readiness.”  Circle said the service allows for institutional use cases such as on-chain settlement, treasury, and liquidity management, with support for payment-related functions in the future.  Digital assets are becoming an increasingly important component of global financial infrastructure, and institutional clients are seeking the same levels of trust and governance that underpin traditional markets.  With this launch, we are extending those standards into a rapidly evolving segment of the financial system, said Standard Chartereds CEO, Roberto Hoornweg.  Standard Chartered joins 140 other giants to launch OUSD stablecoin  The timing comes as more TradFi giants are increasingly dabbling in the stablecoin market amid growing institutional demand.

07-02

Tether CEO Says MiCA Rules Are Too Risky for USDT Reserves

Tether CEO Paolo Ardoino has explained why the company chose not to apply for a license under the European Unions Markets in Crypto-Assets (MiCA) framework. According to Ardoino, the regulation creates unnecessary risks for stablecoin issuers instead of making the market safer.  He said MiCA requires issuers to keep 60% of their reserves as uninsured cash deposits in European banks. Ardoino argued that such a rule could expose stablecoin issuers to banking risks during periods of heavy redemptions.  Tethers decision means $USDT, now valued at roughly $186 billion, has no MiCA authorization and can no longer trade on regulated crypto exchanges across the European Union.  Ardoino Points to Reserve Requirements  Ardoino‘s biggest criticism focuses on MiCA’s reserve rules. He said a stablecoin issuer managing €10 billion ($11.38 billion) in reserves would have to place €6 billion ($6.83 billion) in uninsured bank deposits across European banks. According to him, many large banks are unwilling to work with stablecoin issuers, leaving smaller banks to hold those funds.  He argued that these banks operate on fractional reserve banking, meaning only part of customer deposits remains available as cash.  In his example, if users redeemed 20% of a €10 billion stablecoin supply, equal to €2 billion ($2.27 billion), banks might

07-02

FBI Director Patel's Undisclosed Investment in Strategy Is Down as Much as $110K

In briefFBI Director Kash Patel disclosed months late that he bought a significant amount of Strategy stock last November.Strategy shares have since fallen about 44%, leaving Patels investment deep underwater if he still holds it.Patel said the purchase was “inadvertently omitted” from required financial disclosures.  FBI Director Kash Patel has seen his stake in Strategy collapse since making a sizable, previously undisclosed investment in the Bitcoin treasury firm last November.  Patel bought between $100,000 and $250,000 worth of stock in the Michael Saylor-founded company on November 21, according to new government filings. MSTR was trading around $181 at the time. The stock has since collapsed over 44%, to $100.55 at writing.  The FBI director did not initially disclose his investment in Strategy. He amended a required disclosure form in late May to include the Strategy buy, which he claimed were “inadvertently omitted,” according to filings obtained by NOTUS.  The stock buy should have been noted in a financial disclosure signed by Patel in early December. Under federal law, certain government employees, the FBI director included, must report securities transactions above $1,000 within 45 days.  In the intervening months, assuming he hasn‘t sold the position, Patel’s investment in Strategy has lost him anywhere between $44,000 and

07-02انڈسٹری

Bitcoin's long-term holders have returned to accumulation

SummaryLong-term holders, defined as wallets that have held coins for at least 155 days, have shifted from net distribution to net accumulation, signaling renewed demand for the cryptocurrency, according to Glassnode data.Smaller and mid-sized wallets are leading broad-based dip-buying while the largest whale wallets remain mostly neutral, prompting analysts to say it is still too early to call this a full accumulation regime.  Bitcoins price is back above $60,000, recovering from 21-month lows set early this week – and why not.  According to analysis of blockchain data by Glassnode, positive undercurrents are forming beneath the surface, contradicting the bearish sentiment following Junes 20% drop.  The most notable of those undercurrents is the long-term holder net position change, which has flipped back into positive territory after an extended period of distribution. The indicator tracks the 30-day net change in supply held by wallets that have held coins for at least 155 days (nearly six months), qualifying them as long-term holders in Glassnodes framework.  The current accumulation appears to be running in the range of roughly 50,000 to 100,000 BTC on a net basis, based on Glassnodes chart. Thats a notable positive behavioral change, though the pace of accumulation remains modest compared to the waves of

07-02انڈسٹری
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