TREE NEWS reports: Ripple is partnering with South Korea’s Jeonbuk Bank to deploy its cross-border payments platform, though specifics like launch timeline and settlement asset remain undisclosed. The move signals growing adoption of blockchain-based remittance solutions in traditional banking.
TREE NEWS update: Ondo Stocks announced the completion of a QQQon trade valued at over $2.3 million. This transaction highlights the growing adoption of tokenized real-world assets, bridging traditional finance with blockchain technology.
TREE NEWS reports: Data shows that if ETH surpasses $1,986, the cumulative short liquidation intensity on major CEXs could reach $809 million. This indicates a potential sharp price move and heightened volatility in the crypto market.
TREE NEWS update: The mastermind behind a $165 million crypto Ponzi scheme has been extradited to the US and now faces federal fraud charges. The individual was returned to face justice for orchestrating the fraudulent investment scheme.
TREE NEWS reports: Strategy’s STRC preferred stock has paid its semi-monthly dividend of $0.50 per share, with the next payment scheduled for August 31. This marks a routine distribution event for the company’s crypto-linked securities.
TREE NEWS update: Harmony Protocol suffered an attack that resulted in the illegal minting of 2.385 trillion ONE tokens. In response, the network will be rolled back to August 11 to mitigate the impact. The incident highlights security vulnerabilities in cross-chain bridges.
TREE NEWS update: The Blockchain Association has petitioned the SEC to eliminate Rule 611 and Rule 610(e), arguing these regulations hinder the growth of tokenized securities. The group claims the rules impose unnecessary burdens that stifle innovation in digital asset markets. The move is part of broader industry efforts to align regulatory frameworks with tokenization trends.
TREE NEWS update: US prosecutors charged Edward Zimbardi with running a $165 million crypto Ponzi scheme, alleging he lost over $34 million on currency trades and spent at least $10 million personally. He was deported from Fiji to face charges.
TREE NEWS update: Robinhood’s blockchain platform, Robinhood Chain, has generated $5 million in cumulative transaction fees within its first month of operation. The milestone indicates growing adoption of the chain, which aims to bridge traditional finance with decentralized applications.
TREE NEWS reports: EIP-12188 suggests shortening the consensus layer’s block retention window to improve network efficiency, and has gained support from some client developers. The proposal is under discussion within the Ethereum community, with potential implications for node storage and sync times.
TREE NEWS reports: Coinbase has introduced the US500 perpetual contract, enabling users to go long or short on the S&P 500 with leverage. This product bridges traditional finance and crypto, offering a new way to trade US equities on a crypto exchange.
TREE NEWS reports: Stripe has acquired OpenRouter, an AI model marketplace, in a deal that could yield nearly $1.5 billion for early investor a16z. The acquisition marks a significant move for Stripe into the AI infrastructure space, though it is not directly related to RWA tokenization.
TREE NEWS update: According to RootData, COAI will unlock tokens worth approximately $2.53 million in one week. This event may increase circulating supply and potentially impact market dynamics.
TREE NEWS reports: Nvidia, OpenAI, and SoftBank’s SB Energy have partnered to build a massive data center in Ohio with at least 10GW of capacity, featuring Nvidia’s compute infrastructure. Nvidia will provide up to $105 billion in residual value guarantees for OpenAI’s 20-year lease, marking a new role for chipmakers in data center financing. The deal highlights the growing importance of securing land, power, and data center capacity for AI development.
TREE NEWS reports: Total RWA deposits in DeFi protocols have surged to nearly $4 billion, marking a 300-fold increase over three years. This growth underscores the accelerating convergence of traditional assets with decentralized finance.
TREE NEWS update: Gate’s stock derivatives zone will list perpetual contracts for MOUTAI (Kweichow Moutai 600519.SH) and nine other stocks, marking its first such offerings. The exchange also kicks off the 15th round of its new coin airdrop campaign.
TREE NEWS update: HSG is reportedly aiming to raise at least $1.2 billion for its first US dollar fund following its split from Sequoia China. This move signals continued investor interest in crypto and technology ventures, potentially impacting the broader digital asset ecosystem.
TREE NEWS reports: A transfer of 39.0513 million USDT to Coinbase has been detected, indicating potential large-scale buying activity. This movement may signal institutional or whale accumulation, potentially impacting market liquidity.
TREE NEWS reports: The US Department of Justice has initiated an antitrust investigation into venture capital firm Andreessen Horowitz (a16z), according to ChainCatcher. The probe targets a16z’s investment practices, which could have implications for the crypto and technology sectors. No formal charges have been filed, and the investigation is ongoing.
TREE NEWS update: Bitget has introduced perpetual contracts for GDX, NET, and LYTE, expanding its derivatives offerings. This move provides traders with new leveraged exposure to these assets, though no specific details on the contracts were disclosed.