Author: Yeek.io

First Digital Trust (FDT) has redeemed almost $26 million in stablecoin withdrawals after its FDUSD token briefly lost its US dollar peg following allegations of insolvency by Tron founder Justin Sun.First Digital USD (FDUSD) briefly depegged on April 2, falling as low as $0.87 after Sun claimed that First Digital was insolvent.On April 4, Sun doubled down on his allegations, claiming the firm had transferred over $450 million of customer funds to a Dubai-based entity and that it violated Hong Kong securities regulations.Source: H.E. Justin Sun“FDT transferred $456 million of its custodial clients to a private company in Dubai without…

Web3 banking platform Vaulta (prev. EOS Network) has announced a strategic partnership with Canadian crypto exchange and managing platform VirgoCX Global Holdings to launch the dedicated cross-border remittance network VirgoPay.The new network will use stablecoins to lower transfer fees and transfer times for international wire transfers and payments. Users will be able to add funds using bank transfers, e-transfers, credit cards, and crypto wallets. They can also select from a range of fiat currencies, USDC, or USDT.Therefore, the collaboration will enable Vaulta’s layer-1 chain’s users to directly access cross-border payments through VirgoPay. A New Era for Global Payments Has Arrived…

Homepage > News > Business > Malaysia explores tokenization for on-chain settlement Malaysia’s central bank has unveiled plans to explore blockchain and tokenization, but will not recognize digital assets as legal tender. In its annual report, Bank Negara Malaysia (BNM) revealed that it’s working with the private sector to evaluate the benefits of tokenization and how it can best be integrated into the local financial system. This collaboration “will inform the approach Malaysia will be taking to capitalize on the benefits of tokenization while managing related risks,” the bank said. The central bank views tokenized bank deposits as the best initial application.…

Blockchain startup Codex has raised $15.8 million to build a layer-2 network specifically for stablecoins, signaling that more builders are rushing to capitalize on the growing industry and regulatory alignment around fiat-backed stable assets. The seed round was led by Dragonfly Capital, with additional participation from Coinbase, Circle, Cumberland Labs, Wintermute Ventures and others, Codex told Fortune. The funding will be used to help Codex build its stablecoin-only platform from the ground up, said co-founder and CEO Haonan Li.Source: Victor YawCodex has disavowed “general-purpose blockchains” because of their inefficiencies in meeting real-world use cases, said Li. Instead, Codex is building a…

Key Takeaways: In a striking shift, 60% of Polymarket bettors now predict a 2025 recession—a nine-point jump in just 24 hours—immediately following Trump’s dramatic unveiling of sweeping global tariffs. While the Dow cratered nearly 3,700 points in two days amid tariff panic, Bitcoin bucked the trend, climbing to over $84K—a potential signal of investor flight to digital hedges. Trump’s aggressive trade rhetoric, framed as economic justice for American workers, has sent shockwaves through financial and prediction markets—fueling fears of a self-inflicted economic slowdown. A new Polymarket poll shows that the majority of bettors believe that a 2025 recession will happen—just…

Homepage > News > Business > India to use AI, ML in tackling wildlife, environmental woes India wants to leverage artificial intelligence (AI) and machine learning (ML) technologies to address pressing challenges such as forest fires and human-animal conflicts. By incorporating these advanced technologies, the world’s fastest-growing economy aims to enhance its ability to predict, monitor, and manage such issues more efficiently. AI and ML algorithms are expected to play a key role in analyzing vast amounts of data, improving early detection systems, and enabling proactive responses to mitigate these environmental and wildlife-related problems. Prime Minister Narendra Modi, who chaired the seventh National Board for Wildlife meeting,…

Despite growing tariff-related uncertainty, there is a 70% probability cryptocurrency markets will find the local bottom in the next two months, which will serve as the supporting foundation for the next leg up in the 2025 cycle, according to Nansen analysts.Savvy traders continue making generational wealth despite growing volatility and lack of risk appetite. One unidentified trader turned an initial $2,000 investment into over $43 million by trading the popular frog-themed memecoin, Pepe.70% chance of crypto bottoming before June amid trade fears: NansenThe cryptocurrency market may see a local bottom in the next two months amid global uncertainty over ongoing…

More than 24 hours after Trump’s announcement of a comprehensive tariff applied globally, the financial markets have also endured 24 hours of intense volatility. While the stock market remains steeped in red, the crypto market has shown some signs of recovery.Stock Market Intensely Dumps after Trump’s Tariff OrderThe global stock markets experienced a turbulent start to April 2025, with significant declines across major indices. The U.S. stock market’s capitalization evaporated by over $2.85 trillion in the morning session alone, underscoring the severity of the downturn.Source: TradingViewMeanwhile, Japan’s Nikkei index plummeted by 2.77%, reaching its lowest level since August 2024. This…

Ripple has launched a pilot project that will see its stablecoin, Ripple USD, used for drought relief in Kenya. The announcement comes just days after Ripple integrated the Ripple USD (RLUSD) stablecoin in its payments solution. Ripple is partnering with Mercy Corps Ventures and DIVA Donate, a platform that leverages decentralized finance technology to facilitate donations to pastoralists affected by drought in Kenya, for the initiative. The partners will leverage blockchain technology to bring financial aid via RLUSD to the targeted communities,Team Ripple noted. As outlined in a blog post, the pilot is part of Ripple’s broader efforts to expand…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum is trading below the $1,900 level, facing ongoing selling pressure as the broader crypto market continues to weaken. After a sharp rejection from the $2,500 mark in late February, bulls have failed to regain momentum, and ETH has…