Tag: Launch

Why Michael Saylor Says Countries Should Launch Bitcoin-Backed Banks

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Michael Saylor’s pitch to integrate Bitcoin reserves into regulated banking Michael Saylor, executive chair of Strategy, has suggested that national governments consider developing a novel type of financial system: regulated digital banking platforms backed by Bitcoin reserves and tokenized credit tools. These comments, shared during Saylor’s keynote at the Bitcoin MENA conference in Abu Dhabi, align with his broader view that digital assets could be integrated into mainstream financial frameworks. Saylor’s proposal comes as Strategy continues to expand its Bitcoin holdings, including a recent purchase of 10,624 Bitcoin (BTC) valued…

Bitnomial Wins CFTC Approval to Launch Regulated Prediction Markets

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Bitnomial Clearinghouse LLC received approval from the US Commodity Futures Trading Commission (CFTC) to clear fully collateralized swaps, enabling its parent company, Bitnomial, to launch prediction markets and offer clearing services to other platforms. According to Friday’s announcement, Bitnomial’s prediction market will cover crypto and economic events, alongside its existing Bitcoin (BTC) and crypto derivatives products. The contracts are designed to allow traders to take positions on outcomes, such as token price levels and macroeconomic data. The approval expands the umbrella of the trading products offered by Bitnomial. Based in…

Pyth to Launch Reserve Using Buybacks from DAO Treasury Funds

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The Pyth Network, a blockchain oracle provider, said it will convert a portion of its revenue into PYTH token purchases as part of a reserve strategy. In a Friday blog post, Pyth said the tokens it buys on the open market with one-third of the protocol’s revenue through its decentralized autonomous organization (DAO) would constitute the network’s reserve. The network said the strategy was designed to increase revenue and token purchases. “[I]t’s time to rewrite the market data economy on a global level,” said Pyth. Source: Pyth The price of…

Backed teams up with Chainlink to launch xBridge, first cross-chain infrastructure for tokenized stocks

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Key Takeaways Backed and Chainlink launched xBridge, enabling cross-chain transfers of tokenized stocks between Ethereum and Solana. xBridge preserves corporate actions like dividends and stock splits, enhancing accessibility and interoperability for tokenized equities. Share this article Backed, a leading provider of compliant tokenized equities and ETFs, best known for its xStocks product line, has teamed up with Chainlink to roll out xBridge, the first bridge that lets tokenized stocks move between blockchains without losing fidelity to corporate actions such as dividends, stock splits, and other events. xBridge, powered by Chainlink…

Jupiter to launch JupUSD stablecoin next week

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Key Takeaways Jupiter is set to launch its JupUSD stablecoin next week. JupUSD aims to enhance liquidity and trading options within the DeFi ecosystem. Share this article Jupiter will launch its JupUSD stablecoin next week, according to a recent announcement made by its chief operating officer, Kash Dhanda, at the Solana Breakpoint event. JupUSD’s upcoming rollout will launch with live trading and earning features. Dhanda added that a third use case is planned for the first quarter of 2026, saying it “is going to be really fun.” Jupiter unveiled JupUSD…

Bubblemaps Challenges PEPE’s Fair Launch, Says 30% Genesis Supply Bundled

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Blockchain data is casting doubt on the “for the people” launch narrative of memecoin Pepe, with new analysis suggesting that almost a third of the initial supply was held by a single entity and contributed to heavy early selling pressure. About 30% of the Pepe (PEPE) token supply was bundled at launch in April 2023, blockchain data visualization platform Bubblemaps claimed on Wednesday in a post on X, adding that investors were “lied to.” The same wallet cluster sold $2 million worth of PEPE tokens the day after launch, adding…

Norway Steps Back From CBDC Launch as Norges Bank Pauses Plans

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Norges Bank, the central bank of Norway, concluded that introducing a central bank digital currency (CBDC) is “not warranted at this time,” marking a clear signal that the country is reconsidering the urgency of retail and wholesale CBDCs. The central bank said Wednesday that Norway’s existing payment system already offers secure, efficient and low-cost transactions, reducing the need for a CBDC in the near term. Still, the bank remains open to launching a CBDC in the future.  “Norges Bank has concluded that introducing a central bank digital currency is currently…

State Street and Galaxy To Launch Tokenized Sweep Fund On Solana In 2026

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State Street Investment Management and Galaxy Asset Management are joining forces with Ondo Finance on a tokenized liquidity fund that pushes cash “sweep” balances directly onto public blockchains, opening up a source of potential 24/7 onchain liquidity. The planned State Street Galaxy Onchain Liquidity Sweep Fund, or SWEEP, is designed to take in and pay out PayPal’s (PYUSD) stablecoin for accredited investors, the companies said Tuesday. Ondo is expected to seed the fund with $200 million, tying a major tokenized real-world asset (RWA) issuer directly into State Street’s tokenization stack.…

CFTC Updates Rules to Launch Pilot Program for Crypto Collateral

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The US Commodity Futures Trading Commission (CFTC) has issued updated guidance for tokenized collateral in derivatives markets, paving the way for a pilot program to test how cryptocurrencies can be used as collateral in derivatives markets. Collateral in derivatives markets serves as a security deposit, acting as a guarantee to ensure that a trader can cover any potential losses.  The digital asset pilot, announced by CFTC acting chairman Caroline Pham on Monday, will allow futures commission merchants (FCM) — a company that facilitates futures trades for clients — to accept…

Crypto.com and 21Shares US collaborate to launch Cronos ETF and private trust

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Key Takeaways 21Shares and Crypto.com are partnering to launch a Cronos (CRO) private trust and ETF. The new products aim to provide regulated, mainstream investor access to the Cronos blockchain ecosystem. Share this article 21Shares US is teaming up with Crypto.com to create regulated investment products tracking the Cronos (CRO) token, including a private trust and ETF, according to a Monday statement. “We are proud to partner with Crypto.com to help expand investor access to the Cronos ecosystem through innovative and transparent investment products,” said Federico Brokate, Global Head of…