Central Bank Digital Currencies Can Replace Cash, Offer Resilience: IMF Chief
The public sector should continue to prepare for CBDC deployment, IMF Managing Director Kristalina Georgieva said.
Former Boxing Champ Manny Pacquiao’s Foundation Will Use Shibarium for Its Operations
The charitable foundation established by the eight-time WBC champion will use the Shibarium blockchain to optimize fundraising, distribution, and other operations.
DYDX Pumps Ahead of Massive $500M Token Unlock
The decentralized exchange debuted its layer 1 blockchain based on Cosmos this week.
Monetary Authority of Singapore Starts Tokenization Pilots Alongside Financial Services Heavyweights
The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing.
Blockchain Developer Lattice Unveils ‘Alternative Data Availability’ Network for Optimism
The new “Redstone” network, currently operating as a test network, is rooted in an effort to make blockchains cheaper for gaming and decentralized applications – relying on off-chain “data availability” providers as part of the broader setup.
Standard Chartered Investment Arm Launches Tokenization Platform
Libeara will enable the creation of a tokenized Singapore dollar government bond fund.
Bitcoin’s Options Market Has Overtaken Its Futures Market
The notional open interest in BTC options worldwide stood at $17.5 billion at press time, while open interest in the futures market was $15.84 billion.
U.S. CBDC Is Unlikely in the Near Term: Bank of America
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
Crypto Giant OKX Goes Live With Off-Exchange Derivatives Trading
Asset manager CoinShares, along with crypto custody joint venture Komainu, are aiming for TradFi standards in derivatives settlement with much-reduced counterparty risk.
Crypto Futures Funding Rates Normalize After Bitcoin Drops to $35.6K
Large movements in spot markets led to open interest surging to $35 billion over the weekend, indicating highly leveraged bets from traders hoping for even higher prices.