OpenAI said on July 2 that digital tokens trading under its name on Robinhood’s new blockchain platform do not represent OpenAI equity …
backing
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DeFi
Sky’s new DeFi protocol Grove launches with $1B backing to bring institutional credit onchain
by shayaanby shayaanSky Protocol’s decentralized finance network has launched a new institutional-grade credit protocol with a $1 billion investment into tokenized credit. Grove, a …
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Regulation
Digital Asset Market Clarity Act moves to House floor with bipartisan backing
by shayaanby shayaanA legislative proposal to establish a regulatory framework for digital assets in the United States, the Digital Asset Market Clarity Act, has advanced …
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Ripple’s stablecoin RLUSD expanded its circulating supply by 29% in the week ended June 8, adding $72.5 million and closing at $320.6 …
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Hong Kong’s new stablecoin law demands full backing by cash or government bonds only. No more empty promises: stablecoins must be 100% …
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Smart Contracts
Why Democrat Zoltan Istvan Is Backing Basic Income, Home Robots in California Governor Bid
by shayaanby shayaanIn short Californian gubernatorial candidate Zoltan Istvan warns that AI and humanoid robots can eliminate 50% of the jobs and call it …
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In brief The Texas House passed Senate Bill 21 on second reading with a 105-23 vote, advancing it to third reading. An …
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The US Senate has moved the GENIUS Act one step closer to becoming law, following a 66–32 cloture vote on May 19. …
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DeFi
IntoTheBlock and Trident Merge With $25M Backing to Build Institutional DeFi Gateway
by shayaanby shayaanDecentralized finance (DeFi) firms IntoTheBlock and Trident Digital have merged to form Sentora, joining forces to bring institutional investors onchain. The new …
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Adoption
Tether’s tokenized gold hits record 7.7 ton backing amid global demand for safe-haven assets
by shayaanby shayaanTether’s tokenized gold product, XAUT, has released its first official attestation, showing that its total backing amounts to 246,523.33 ounces, equivalent to …