News Bytes

R3 and Solana Foundation Unite to Bridge TradFi and DeFi via Strategic Collaboration

R3 and Solana Foundation Unite to Bridge TradFi and DeFi via Strategic Collaboration

R3 announced a strategic collaboration with the Solana Foundation aimed at merging public and private blockchain networks to enhance institutional access to digital capital markets. This partnership will leverage R3’s enterprise-grade private blockchain technology alongside solana’s high-performance public mainnet, facilitating the integration of regulated financial institutions with tokenized real-world assets (RWAs). The initiative is expected […]

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VeChain Launches Bridge Enabling Interoperability With Bitcoin, Ethereum, and 40 More Cryptos

VeChain Launches Bridge Enabling Interoperability With Bitcoin, Ethereum, and 40 More Cryptos

VeChain has announced the launch of its bridge through an integration with Wanchain, enabling interoperability with bitcoin, ethereum, and over 40 other leading blockchains. This milestone marks a significant evolution in VeChain’s transition to a fully interconnected Web3 ecosystem, allowing users to bridge assets such as BTC, ETH, and USDC directly into VeChain while also

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Bitcoin Erupts to All-Time High, 9K Mark Shattered on Wednesday

Bitcoin Erupts to All-Time High, $109K Mark Shattered on Wednesday

On Wednesday, bitcoin decisively eclipsed its previous all-time peak set on Jan. 20, 2025. The cryptocurrency reached an unprecedented milestone on May 21, touching $109,495 per coin. Bitcoin notched a fresh all-time high of $109,495 on Wednesday, adding yet another milestone to its meteoric trajectory. The digital asset has climbed 4.4% against the U.S. dollar

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Kraken Launches European Regulated Crypto Derivatives Offering From Cyprus

Kraken Launches European Regulated Crypto Derivatives Offering From Cyprus

Kraken has announced the launch of Europe’s largest regulated crypto derivatives offering, enhancing its market-leading position in the region. Eligible clients and partners in the European Economic Area (EEA) can now access a comprehensive suite of liquid futures instruments, including both perpetual and fixed maturity contracts, all compliant with the Markets in Financial Instruments Directive

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Magic Eden Taps Spark to Enhance Bitcoin DeFi With Fast, Low-Cost Settlement

Magic Eden Taps Spark to Enhance Bitcoin DeFi With Fast, Low-Cost Settlement

Crypto platform Magic Eden has announced a partnership with Spark to enhance trading on bitcoin by providing fast and low-cost settlement for native assets. By integrating with Spark, Magic Eden plans to unlock efficient transactions for various market types, including stablecoin-to- BTC swaps, while maintaining the integrity of bitcoin’s trust model. Spark is designed to

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Solana Chain Extension Sonic SVM Introduces New Token Burn Program

Solana Chain Extension Sonic SVM Introduces New Token Burn Program

Sonic SVM, the first SVM chain extension on Solana, has announced the introduction of a new SONIC burn program aimed at enhancing the token’s value accrual mechanism. This strategic redesign replaces the previous burning model with a buy-and-lock system, where 50% of all transaction fees will be used to purchase SONIC tokens from the open

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Crypto.com and Canary Capital Launch Canary CRO Trust for US Investors

Crypto.com and Canary Capital Launch Canary CRO Trust for US Investors

Crypto.com has partnered with Canary Capital Group LLC to establish the Canary CRO Trust, a private investment vehicle designed for U.S. investors seeking exposure to CRO, the native token of the Cronos network. This trust aims to track CRO’s market price, providing a straightforward and transparent method for U.S. investors to engage with the Cronos

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Dubai’s VARA Releases Version 2.0 of Virtual Asset Regulation Rulebook

Dubai’s VARA Releases Version 2.0 of Virtual Asset Regulation Rulebook

The Virtual Assets Regulatory Authority (VARA) in Dubai has announced the release of Version 2.0 of its activity-based Rulebooks. The updated Rulebooks enhance supervisory mechanisms for various regulated virtual asset activities, including advisory services, broker-dealer services, custody services, and exchange services, among others. Key updates include strengthened controls on margin trading and token distribution, clearer

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Solana Treasury Company DeFi Development Corp. Partners With BONK Memecoin to Launch Validator Node

Solana Treasury Company DeFi Development Corp. Partners With BONK Memecoin to Launch Validator Node

DeFi Development Corp. (Nasdaq: DFDV), a public company with a crypto treasury strategy focused on accumulating solana ( SOL), has announced a strategic partnership with BONK, a popular community memecoin in the Solana ecosystem. As part of the collaboration, the two entities will jointly operate and manage a validator node, with both contributing to the

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Ripple Hails Dubai’s Crypto Vision at Fintech Summit

Ripple Hails Dubai’s Crypto Vision at Fintech Summit

Ripple reaffirmed its commitment to the global crypto ecosystem during the Dubai Fintech Summit, where Ripple President Monica Long engaged with Sheikh Ahmed bin Saeed Al Maktoum. Praising Dubai’s role in the digital economy, Long stated: “We continue to be impressed with the leadership demonstrated by Dubai as it establishes itself as one of the

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