Samsung SDS to build South Korea’s tokenized securities system

Samsung SDS has reportedly won a contract to build and operate a token securities platform for the Korea Securities Depository. Samsung SDS will turn KSDs token securities testbed into a production-ready blockchain platform by 2027.South Koreas new rules will recognize distributed ledgers as legal securities registries under KSD oversight.The project aligns Samsung‘s blockchain infrastructure role with Korea’s tokenized asset market launch timeline ahead.  The project brings South Korea closer to running blockchain-based securities infrastructure before new rules take effect in 2027.  The platform is expected to be completed by February 2027. It will move KSDs earlier testbed into a formal system built for transaction processing and stable service operations.  KSD plans to connect its existing electronic securities account system with blockchain-based distributed ledger data. The system will support tokenized securities issuance, circulation checks, and rights management.  Samsung SDS will also build a volume management system. The system is expected to track token securities issuance and circulation in real time.  Samsung SDS builds on earlier KSD work  Samsung SDS has already worked on KSDs token securities program. The company carried out function-analysis consulting in 2024 and built a testbed platform in 2025.  The new deal expands that earlier work into a full operating system. It also puts Samsung

05-07

Ondo Finance Clears First XRP Ledger Treasury Redemption Into Singapore Bank

Tech  Ondo Finance Clears First XRP Ledger Treasury Redemption Into Singapore Bank  Ondo Finance, a leader in the tokenized asset space, announced May 6 the successful completion of the first near-real-time, cross-border redemption of a tokenized U.S. Treasury fund. The pilot program, conducted in collaboration with J.P. Morgans Kinexys, Mastercard, and Ripple, is seen as a significant milestone in bridging the gap between public blockchain infrastructure and global banking systems.  The transaction involved Ripple redeeming a portion of its holdings in the Ondo Short-Term U.S. Government Treasuries (OUSG) fund. The redemption was executed on the XRP Ledger and triggered a fiat settlement through the Mastercard Multi-Token Network (MTN).  Ripple characterized the successful test as a foundational shift for the industry.  “This is a meaningful step toward 24/7 global financial markets,” Ripple said in a statement. “By combining the XRP Ledger with global banking infrastructure, this pilot shows how institutions can execute cross-border transactions in a single integrated flow.”  The settlement process used J.P. Morgan‘s Kinexys blockchain infrastructure to initiate the fiat payment. The funds were then routed through the bank’s correspondent network to be delivered to Ripples bank account in Singapore. This workflow demonstrates that tokenized assets can be liquidated and settled across international borders and

05-07

JPMorgan, Mastercard and Ripple test tokenized Treasury settlement on XRPL

JPMorgan, Mastercard, Ripple, and Ondo Finance have completed a cross-border, cross-bank redemption of a tokenized U.S. Treasury fund using the XRP Ledger and traditional banking rails.JPMorgan, Mastercard, Ripple, and Ondo tested tokenized Treasury redemption across XRPL and banking rails together.OUSG moved through XRPL while Kinexys delivered dollars to Ripples Singapore bank account in pilot.The pilot adds momentum to tokenized Treasuries as Wall Street waits for clearer rules globally.  The pilot involved Ondo Finance‘s OUSG fund, a tokenized short-term U.S. government Treasury product. Ripple redeemed part of its OUSG holdings on the XRP Ledger, while Mastercard’s Multi-Token Network sent settlement instructions to Kinexys by J.P. Morgan.  JPMorgan then moved U.S. dollar proceeds to Ripple‘s bank account in Singapore through its correspondent banking network. The asset leg on the XRP Ledger was processed in under five seconds, according to Ondo’s announcement.  Ondo Finance President Ian De Bode said, “This milestone represents the first time tokenized U.S. Treasuries have settled across borders and banks in near real time and outside traditional banking windows.”  Tokenized funds move beyond test cases  The transaction shows how tokenized assets can connect with banking systems without replacing them. One part of the transaction happened on a public blockchain, while the fiat side moved

05-07

UN: Ad spending tops $1T but AI risk fueling misinformation

Tech  UN: Ad spending tops $1T but AI risk fueling misinformation  Global advertising spending topped $1 trillion annually, according to the United Nations (UN), but the untapped power of major brands to shape the future of artificial intelligence (AI) could fail to act and deepen global information integrity.  In a new brief, the UN, together with the Department of Global Communications and the Conscious Advertising Network, reiterated that unchecked AI adoption in advertising can accelerate risks across the whole digital information ecosystem.  The brief, titled “Strengthening Information Integrity: Advertising, Artificial Intelligence and the Global Crisis,” noted that the advertising sector plays a significant role in how information flows online, with its “spending decisions influencing which content is produced, amplified and monetised.” As AI tools become more popular and embedded in content generation and media buying, the risk of spreading false information may increase.  “People are increasingly relying on AI to make decisions and shape their understanding of the world without the literacy or information needed to assess its safety and reliability. These dynamics are compounded by the use of AI to create and distribute false and hateful content at scale, contributing to a broader erosion of trust in information sources,” the UN warned. “Advertising may

05-07

Token Terminal And Aether Network Partner To Accelerate DeFi Utilities With Scalable Cross-Chain Analytics

As part of efforts to advance the way users access on-chain information with improved availability, scalability, and stability of decentralized applications, Token Terminal, a crypto data analytics platform, today entered into a strategic partnership with Aether Network, a modular blockchain platform that has expertise in easing the processing of decentralized applications. The collaboration enabled Token Terminal to integrate Aether Networks modular blockchain infrastructure to provide its crypto analytics platform with better executions, secure communication, and strong multichain transaction capabilities.  Token Terminal is an established cryptocurrency analytics platform that has expertise in converting raw blockchain data into on-chain intelligence, providing investors and traders with knowledge and insights about the crypto and DeFi markets.  Together, were building a stronger and more connected Web3 ecosystem.  Aether Network x @tokenterminals — powering the next generation of decentralized innovation.#AetherNetwork #Partnership #Web3 #Blockchain pic.twitter.com/cYi1sBOAu6  — Aether Network (@NetworkAethers) May 6, 2026  Token Terminal Expanding DeFi Capabilities With Aether Network  The partnership above enabled Token Terminal to integrate Aether Network‘s modular blockchain infrastructure to enhance cross-chain functionality for its crypto platform’s on-chain analytics services. Aether Network is an innovative modular blockchain platform that has a special capability in improving the efficiency and scalability of decentralized applications. Its modular blockchain infrastructure allows decentralized applications

05-07

AUD/JPY Price Forecast: Grinds higher above 113.00, bullish trend holds above key average

In the daily chart, AUD/JPY holds a constructive bullish bias as it sits above the 100-day Exponential Moving Average (EMA), keeping the broader uptrend intact. The Relative Strength Index (14) around 53 suggests moderate, non-stretched momentum, hinting that bulls still retain control but lack a strong overbought impulse for an immediate breakout.  On the topside, initial resistance is aligned at the Bollinger 20-day middle band near 113.60. The next upside barrier emerges at the May 6 high of 114.32, with the upper band coming in higher at 114.82 as the next hurdle if buyers extend the advance. On the downside, first support is seen at the lower Bollinger band at 112.40, ahead of the April 30 low of 111.33. The key contention level is seen at the 100-day EMA of 109.60, where a deeper pullback would be expected to attract dip-buying interest while the broader bullish structure persists.

05-07

Hut 8 Stock Soars 35% Despite Massive $253M Quarterly Loss

Tech  Hut 8 Stock Soars 35% Despite Massive $253M Quarterly Loss  Quarterly revenue fell to $71 million, below analyst expectations, but sentiment improved after Hut 8 announced a $9.8 billion, 15-year AI infrastructure deal involving 352 megawatts of leased power capacity.  Hut 8 Defies Earnings Loss  Shares of on Wednesday despite the company reporting a net loss of over $253 million for the first quarter of 2026. Investors appeared to focus more on the firms long-term expansion plans and exposure to artificial intelligence infrastructure rather than the quarterly loss itself.  According to the company‘s , the loss was largely tied to a decline in the market value of its . Bitcoin experienced a lot of volatility over the period, and dropped from highs above $126,000 in October to lows near $60,000 in February. This decline negatively impacted the value of Hut 8’s reserves and weighed heavily on its financial results.  The company generated more than $71 million in revenue during the quarter, which was a decline of around 22% compared to the previous quarters $88.4 million. The figure also came in below analyst expectations, as FactSet forecasts estimated quarterly revenue closer to $78.5 million.  Despite the weaker earnings performance, market sentiment improved after Hut 8 a major

05-07

WTI consolidates above $93.00 as traders weigh US-Iran peace hopes

Finance  WTI consolidates above $93.00 as traders weigh US-Iran peace hopes  West Texas Intermediate (WTI) – the benchmark US Crude Oil price – oscillates in a range during the Asian session on Thursday and, for now, seems to have stalled the previous days modest bounce from sub-$87.00 levels, or over a two-week low. The black liquid currently trades just above mid-$92.00s, down nearly 0.65% for the day, amid mixed cues.  Investors turned optimistic over a potential agreement to end the Iran war and reopen the Strait of Hormuz after US President Donald Trump said that a deal with Iran was very possible. This, in turn, is seen as a key factor undermining Crude Oil prices, though the downside remains cushioned as investors reassess the likelihood of a peace deal. Adding to this, a broadly weaker US Dollar (USD), which tends to benefit the USD-denominated commodity, contributes to limiting losses for the black liquid.  Iran‘s state-linked media pushed back against claims of a broader agreement, while the Iranian Students’ News Agency said that the US proposal includes provisions that Tehran has already rejected in recent days. Furthermore, the BBC reported that Iran is still reviewing the US proposal to end the conflict and lift the

05-07

Solana Sees Rising Social Hype, Yet Network Activity Is Falling

Tech  Solana Sees Rising Social Hype, Yet Network Activity Is Falling  Data shows social media sentiment around Solana has been rising recently, but network utility has actually followed the opposite path.  Solana Active Addresses Have Been On The Decline  In a new post on X, analytics firm Santiment has talked about how a couple of key metrics related to Solana have changed recently. The indicators in question are the Positive/Negative Sentiment and Daily Active Addresses.  First, the Positive/Negative Sentiment compares the bullish and bearish sentiments related to a given asset that are currently present on the major social media platforms. The indicator works by first separating positive and negative comments containing mentions of the asset using a machine-learning model and then taking the ratio of their counts.  As the chart below shows, the Positive/Negative Sentiment has been going up for Solana recently, implying an improvement in investor mood around the cryptocurrency.  Back in February, the indicator had plummeted for Solana as a consequence of the price crash. But even then, its value didnt drop below the 1 level, meaning that sentiment never outright turned bearish, at least from the perspective of this metric.  From the graph, its visible that the improvement in sentiment was gradual at first, but

05-07

Pound Sterling Price News and Forecast: GBP/USD may face initial resistance at the 11-week high

Finance  Pound Sterling Price News and Forecast: GBP/USD may face initial resistance at the 11-week high  GBP/USD Price Forecast: Holds gains near 1.3600 as bullish bias prevails  GBP/USD remains stronger for the third consecutive day, trading around 1.3600 during the Asian hours on Thursday. The technical analysis of the daily chart indicates an improving bullish trend as the pair rebounds from the lower boundary of the ascending channel.  GBP/USD keeps a constructive bullish bias as it holds just above the 1.3600 horizontal pivot. The pair also trades over the nine-period Exponential Moving Average (EMA) and the 50-period EMA, suggesting the broader uptrend remains supported. Read more…  GBP/USD hesitates with NFP and UK construction PMI in focus  GBP/USD gained around 0.4% on Wednesday, settling close to 1.3595 after testing 1.3645 and failing to clear the 1.3600 handle on the close. The pair has hesitated at the upper end of recent congestion, with a cluster of upper wicks and small-bodied candles near the session high pointing to fading conviction as bulls struggle to build momentum at this resistance zone.  On the UK side, the April S&P Global Composite and Services Purchasing Managers‘ Index (PMI) prints both beat consensus on Wednesday at 52.6 and 52.7 respectively, suggesting private sector activity

05-07
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