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- Rift, a blockchain startup, launched a TEE-based protocol for Bitcoin-EVM swaps, eliminating multisig wallets and synthetic tokens. - The platform charges 10 bps taker fees, undercutting Coinbase's 40–60 bps, while using hardware enclaves to secure 20-minute swap windows. - Unlike zero-knowledge solutions, Rift's TEEs simplify auditing and reduce capital requirements by validating transactions in secure enclaves. - Targeting DEX aggregators and wallets, Rift aims to streamline on-chain Bitcoin trading wi
- Global Procurement Summit in Amsterdam addresses supply chain resilience, AI infrastructure, and partnership risks amid economic uncertainty. - Nebius Group's $19.4B Microsoft deal highlights AI's role in scaling compute power for energy/manufacturing sectors, despite macroeconomic risks. - Marriott-Sonder partnership collapse over default underscores fragility of cross-industry collaborations and loyalty program disruptions. - C3.ai's 50% stock plunge and founder departure reveal procurement risks from
- Kraken's co-CEO Arjun Sethi criticized UK crypto rules for hindering retail investor participation and capital flows, citing excessive transaction friction and limited product access. - The FCA defends its 2023 financial promotion rules as necessary safeguards, requiring risk warnings and suitability checks, while enforcing stricter compliance against firms like HTX. - Coinbase countered by launching a UK savings account with 3.75% interest and FSCS protection, leveraging FCA VASP registration to compete
- India's government collaborates with Polygon and Anq to develop a sovereign-backed stablecoin (ARC) collateralized by G-Secs and Treasury Bills. - The "Twin-Rupee" model combines RBI's CBDC for settlement with private ARC tokens for transactions, balancing innovation and monetary control. - Polygon's institutional tokenization expertise and Anq's regulatory insights aim to reduce remittance costs and strengthen India's bond market liquidity. - The initiative counters foreign stablecoin risks by anchoring
- 15:53U.S. stocks continue to decline, Nasdaq falls 1.7%Jinse Finance reported that U.S. stocks continued to decline, with the S&P 500 Index down 1%, the Dow Jones down 0.6%, and the Nasdaq down 1.7%.
- 15:45A whale deposited 52.5 million BANK into a CEX one hour ago, worth $3.36 million.According to ChainCatcher, monitored by Lookonchain, a whale deposited 52.5 million BANK into Bitget one hour ago, valued at 3.36 million US dollars.
- 15:41Investment app Public acquires Alto's crypto business for $65 millionJinse Finance reported that investment app Public has acquired the crypto business of cryptocurrency IRA provider Alto for $65 million in cash and stock. Alto is a company that allows users to add alternative assets to their retirement accounts, and this business manages approximately $600 million in assets. According to the agreement, Public will fully integrate Alto's cryptocurrency accounts by 2026, while Alto will continue to operate as a service provider. Alto will also continue to independently operate its other businesses, including investment projects such as private credit and venture capital.