AI-powered summaries of the day's top crypto events
Spiko has secured $90 million in Series B funding to scale its $2.7 billion tokenized cash fund business and expand into new markets. The company aims to leverage this capital to enhance its market presence and innovate in the tokenized asset space. This investment underscores growing interest in tokenization within traditional financial markets.
OKX has secured backing from Circle, Ripple, and Standard Chartered, maintaining a flat $25 billion valuation. This investment round follows a previous one led by the NYSE's parent company, highlighting continued confidence in OKX's growth and diversification strategy. The exchange aims to expand its reach in stablecoin-based financial services.
The U.S. Department of Justice is advancing its case against Tornado Cash co-founder Roman Storm, opposing his challenge to venue on money-laundering charges. Concurrently, the Treasury's Financial Crimes Enforcement Network (FinCEN) has withdrawn a proposal requiring financial institutions to report on crypto mixing services. These developments reflect ongoing regulatory scrutiny of cryptocurrency mixers.
Solana has launched an open-source Delivery versus Payment (DvP) program, developed with input from J.P. Morgan, to enable atomic trade settlements. This new standard allows institutions to settle trades on Solana with finality in seconds, potentially transforming institutional trading efficiency. The initiative underscores Solana's commitment to enhancing blockchain infrastructure for financial markets.