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Monument Bank plans £250M deposits tokenization on blockchain, keeping funds interest-bearing, fully backed, and protected under UK FSCS rules. Monument Bank announced a plan to tokenize customer deposits using blockchain technology. The London-based bank wants to transfer $335 million worth of pounds, or approximately $250 million, onto a public network. This step would make Monument the first regulated UK bank to tokenize retail deposits. The project will utilise digital tokens while maintaining normal banking protections. First UK Retail Deposit Tokenization Built on Public Blockchain The savings of customers will be converted into blockchain-based tokens, the bank said. However, the deposits…
Startale Group said it closed a $63 million Series A round, adding $50 million from SBI Group to a $13 million first close from Sony Innovation Fund in January.The Singapore-based company, which operates in Japan, builds blockchain tools for both financial firms and retail users. Its products include Strium, a blockchain for tokenized securities and other real-world assets, yen stablecoin JPYSC, dollar stablecoin USDSC and the Startale app, a consumer app tied to Sony-backed layer-2 network Soneium.The funding brings together Startale’s two most important strategic partners, the firm said. SBI has worked with the company on Strium and JPYSC, while…
One of the few analysts who accurately called Bitcoin’s 2025 top believes BTC will bottom once one key event occurs. The pseudonymous analyst KillaXBT tells his 140,800 followers on X that Bitcoin will likely set the stage for a breakout once increasing fears over the conflict in the Middle East spark a deeper selloff across the global markets. “With all that said, these events always hit hardest when BTC is in a bear market. 90% will capitulate, but the 10% will be buying through all the geopolitical chaos. I might be short-term bearish, but don’t mistake that for where we…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure US spot Bitcoin ETFs are on the verge of fully reversing their year-to-date outflows, even after Bitcoin endured a roughly 40% drawdown over the past six months, a resilience that is beginning to stand out against historical precedent in other asset classes. Data shared by Bloomberg ETF analyst Eric Balchunas shows aggregate Bitcoin ETF flows turning sharply positive in recent weeks. While the group still sits at approximately -$140 million year-to-date, the pace of recent inflows suggests that deficit is close to being erased. Over the past…
McLaren Racing joins Hedera Council to launch digital collectibles and reshape fan engagement for hundreds of millions of motorsport fans. McLaren Racing has officially joined the Hedera Council. The motorsport giant brings its massive global reach to the Hedera ecosystem. The team competes in Formula 1 and IndyCar, drawing hundreds of millions of fans across 180 countries. This partnership marks a push into Web3 for one of racing’s most iconic brands. A series of digital collectibles has already launched alongside the membership. McLaren Racing and Hedera Council Partnership McLaren Racing joins the governing body of the Hedera network as a…
The Solana Foundation is positioning the network as core infrastructure for an emerging “agentic” internet, where AI systems—not humans—initiate and execute economic activity.“AI is not really a vertical. It’s a platform shift… affecting everything across every industry, including crypto,” said Vibhu Norby, chief product officer of the Solana Foundation, during a panel at the Digital Asset Summit (DAS) in New York.At the center of Solana’s strategy is payments. Norby said the network has already “processed 15 million payments onchain from agents,” largely tied to machine-to-machine commerce. “The programmatic aspect of crypto payments is what is making it interesting for agents,”…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korea’s Financial Services Commission (FSC) has flagged massive crypto outflows to overseas exchanges amidst tougher oversight from regulators. Inside The South Korean Crypto Report Around $60 billion (₩90 trillion) worth of crypto assets were moved out to foreign exchanges and private wallets during the second half of 2025, a Wednesday report from the country’s top financial regulator revealed. This represents a 14% increase compared to the first quarter of the year, which saw a $52.2 billion (₩78.9 trillion) outflow. However, the amount subjected to the Travel…
Over 50 crypto firms, including Binance, eye Nairobi regional hubs, drawn by Kenya’s tax breaks and booming digital asset market under new VASP rules. More than 50 digital currency firms are in active talks to plant regional headquarters in Nairobi. The Nairobi International Finance Centre confirmed the engagements. Binance is among the names on that list. NIFC chief executive Daniel Mainda told Business Daily the centre is in discussions with both local and international virtual asset companies. The goal is the regional headquarters. Jobs and investment inflows are at the centre of it all. Kenya’s Tax Play Is Working Firms…
Circle (CRCL) was hit far harder than Coinbase (COIN) in Tuesday’s sharp selloff due to the crypto bill CLARITY Act’s latest stance on stablecoin yield, but one analyst says the regulatory shift may ultimately favor the stablecoin issuer.Both names are seeing modest bounces on Wednesday, but remain solidly lower since the news leaked Monday evening.The market may be missing the longer-term implication, argued Markus Thielen, founder of 10x Research: in the current form, the bill weakens Coinbase’s distribution-driven model more than Circle’s infrastructure role.Coinbase currently captures the majority of USDC economics through its distribution agreement with Circle, Thielen explained. For…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin has been making higher highs and higher lows at least twice this month — a pattern that technical traders watch closely as a sign that selling pressure may be fading and a new direction could be forming. Exchange Outflows Dominate March For most of March, more Bitcoin has been leaving crypto exchanges than entering them. The exception was a brief spike in inflows just before Bitcoin touched a six-week high of $76,000 on March 17, according to data from CryptoQuant. Since then, the outflow trend resumed.…