Intercontinental Exchange has now deployed nearly $2 billion into the onchain prediction market, underscoring Wall Street’s growing conviction that event-based trading is here to stay. Source link
A new working paper from the European Central Bank examined four major protocols and found that a small number of actors control the bulk of governance token holdings. A European Central Bank working paper challenges the notion that decentralized autonomous organizations (DAOs) deliver on their promise of distributed governance, finding that token holdings and voting…
Anthropic, the artificial intelligence company behind Claude, has begun testing a new AI model more capable than any it has released previously, Fortune reported. The company said the model represents “a step change” in performance and is “the most capable we’ve built to date.” It is currently being tested with a small group of early…
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), said it added another $600 million to its investment in prediction market platform Polymarket, closing out a previously announced funding agreement between the two firms. The new capital comes on top of a $1 billion investment ICE made in October. ICE also…
Anchorage Digital, the first crypto firm to get a U.S. banking charter, said it will add support for the Tron blockchain, starting with institutional custody for TRX, the network’s native token. The announcement gives institutions a regulated way to hold TRX through the company’s platform and its self-custody wallet, Porto. Anchorage Digital said support for…
Bitcoin fell another 2% in 24 hours, dropping below $68,000 for the first time in four days. The decline sparked more than $50 million in long liquidations in the past hour, according to Coinglass, of which roughly 70% came from bitcoin positions alone. The decline sent shares of crypto-related companies such as Circle Internet (CRCL),…
The LayerZero integration gives assets tokenized on Canton access to over 165 public blockchains. LayerZero has integrated with the institution-focused blockchain Canton (CC), becoming the first interoperability protocol to go live on the network, per a press release shared with The Defiant. The integration, announced today, March 26, lets traditional financial institutions on Canton route…
Major altcoins plunge, with ETH, SOL, and XRP dropping 5%. Crypto markets sold off sharply on Thursday as oil surged back above $93 per barrel after U.S.-Iran peace talks stalled, dragging risk assets lower across the board. Bitcoin (BTC) is trading at around $68,400, down 3.5% over the past 24 hours. ETH and SOL slipped…
The integration connects the dominant gold-backed token to BNB Chain’s RWA ecosystem amid a volatile stretch for spot gold prices. Tether announced Wednesday that its tokenized gold product, XAU₮, is now available on BNB Chain, expanding the token’s reach to the third-largest decentralized finance (DeFi) ecosystem by total value locked (TVL). Each XAU₮ token represents…
Borrowers can pledge Bitcoin or USDC as down payment collateral without triggering a taxable event. Coinbase and Better Home & Finance announced a partnership on Thursday to offer token-backed mortgages. The product aims to expand access to homeownership while carrying the same Fannie Mae backing as other conforming mortgages. Qualifying Americans can now pledge Bitcoin…