Author: Benjamin Lee
BlackRock CEO Larry Fink is outlining a sweeping vision for the future of financial markets. In his latest annual letter, Fink emphasizes long-term investing, broader market participation and the transformative potential of tokenization. He frames today’s economic environment as one defined by rapid change and uncertainty, with digital wallets and tokenized assets offering the potential for powerful change. “Half the world’s population carries a digital wallet on their phone. Imagine if that same digital wallet could also let you invest in a broad mix of companies for the long term—as easily as sending a payment. Tokenization could help accelerate that…
Tether has engaged a Big Four accounting firm to conduct a massive independent financial audit. The company says the audit will cover reserves backing its USDT stablecoin, which holds a market capitalization of more than $184 billion and serves over 550 million users worldwide. Tether describes the review as one of the largest inaugural audits in the history of financial markets. It will examine a complex mix of digital assets, traditional reserves, and tokenized liabilities, along with internal controls, financial reporting and overall operations. Says Tether CEO Paolo Ardoino, “Tether’s mission has always been to build trust through action, not promises.…
The crypto giant Coinbase just added a little-known crypto asset to its listing roadmap. The exchange says it’s preparing to add Perle (PRL) to its platform for spot trading. Perle (PRL) is the native token of the Perle ecosystem, issued and governed by the non-profit Perle Foundation. Perle Labs is a Solana-based web3 AI platform that connects verified domain experts with enterprises and research teams to create high-quality, on-chain verifiable data for training AI models. The PRL token is designed for governance, staking to receive priority access, rewarding expert contributors for data annotation and validation tasks, and powering payments within…
Tether has announced plans to launch GEL?, a stablecoin pegged to the Georgian Lari, in partnership with the Government of Georgia. The announcement marks one of the first efforts to place a national currency directly onto digital asset infrastructure under a purpose-built stablecoin regulatory framework. Tether’s USD? carries a market capitalization approaching $190 billion, with 24-hour trading volumes that regularly surpass Visa and Mastercard. Tether has not described the asset as a central bank digital currency (CBDC). GEL? aims to enable lower transaction costs, near-instant settlement, and programmable payments. Georgia’s framework is designed for compatibility with the U.S. GENIUS Act,…
Ethena’s native token, ENA, saw its price decline as Bitcoin slid below $79,000 The slight dip happened despite ENA notching a 5-week high in whale activity. Prices could fall further, but a rebound for BTC could boost ENA. Ethena (ENA) price faced downward pressure today, dropping nearly 4% to intraday lows of $0.11 as Bitcoin grappled with renewed selling amid macroeconomic headwinds. This decline unfolded even as on-chain metrics signaled robust interest from large holders. Analysts say the move highlights a disconnect between whale behavior and short-term price action. Ethena hits 5-week high in whale activity On-chain data shows Ethena’s…
The Osmosis crypto price has surged on extreme trading volume and liquidity inflows. Cosmos governance rejection kept Osmosis independent and stable. Price now hinges on holding $0.065 and breaking $1 resistance. The price of the Osmosis (OSMO) crypto has jumped sharply by nearly 200% in 24 hours, moving from a low near $0.03383 to around $1. This sudden rally has placed the token among the strongest performers in the crypto market today, with trading activity and ecosystem developments both playing a major role in the move. Notably, the price surge came alongside an extreme spike in trading activity, a shift…
Crypto exchange Kraken has announced a global partnership with MoneyGram aimed at making it easier for users to convert digital assets into cash. The collaboration will allow millions of Kraken customers to withdraw crypto as fiat currency across more than 100 countries, leveraging MoneyGram’s extensive global cash pickup network. Users will be able to access payouts in hundreds of fiat currencies, with transactions processed instantly or near instantly in many cases. The move targets one of crypto’s persistent challenges – reliable off ramps into local currency. By integrating Kraken’s exchange and liquidity infrastructure with MoneyGram’s payments network, the companies aim…
Ondo price hovers around $0.26 after bouncing off crucial support. Ondo leads tokenized stocks, ETFs with over $825M TVL peak. Failure to hold support could see ONDO dip to $0.20. Ondo (ONDO) is trading near a critical psychological support zone, with intraday action including a retest of resistance above $0.26. The token is poised at these levels as on‑chain activity around tokenized stocks and exchange-traded funds (ETFs) attracts institutional and retail capital. However, with prices pegged in a narrow range below $0.30 since early February, could the broader real‑world asset (RWA) sector growth buoy ONDO? Ondo Finance powers access to…