Ripple Settlemint Deal Transforms Crypto Landscape
Ripple and Settlemint partner to offer integrated custody and tokenization platform for financial institutions in Asia, streamlining operations and reducing vendor reliance. #Update #Crypto $XRP
Asia
USDT Drives 60% Cross-Border Dollar Demand
Asia manages 50% of global stablecoin flows, but banks are wary due to regulatory risks. Tether and eStable enable local coin issuance to counter USD dominance. #Update #Crypto $USDT
Stablecoin Connectivity Boosted by Stables Mansa
Stables partners with Mansa to launch a liquidity layer for USDT corridors in Asia, targeting 60% of global stablecoin flows underserved by local banks. #Update #Crypto $USDT
Stablecoin Expansion Secures $20M Investment
@VelaFi secures $20M in Series B funding led by XVC and Ikuyo to expand stablecoin infrastructure in the US and Asia, enhancing payment solutions and banking integrations. #Update #Crypto
Crypto Firm A16z Launches Seoul Office
A16z crypto expands into Asia, opening an office in Seoul and hiring Sungmo Park to lead operations, targeting South Korea’s active crypto market. #Update #Crypto $MATIC
Ethereum Founder Li Lin Launches $1B Treasury
Li Lin, founder of @Huobi, is launching a $1B Ether trust with key Ethereum investors, securing $200M from Avenir Capital and $500M from regional institutions. Formal announcement expected soon. #Update #Crypto $ETH
Equities Rally on Rate-Cut Bets
$BTC remains steady above $111K, while $ETH trades around $4.3K amid cautious sentiment ahead of U.S. CPI data; institutional adoption continues despite speculative turmoil in protocols like WLFI. #Update #Crypto $BTC
Bitcoin Surge Metaplanet’s $5.4B Investment
@Metaplanet raises $5.4B in Asia to acquire Bitcoin, aiming for 1% global BTC control by 2027, marking the largest regional equity raise for $BTC #Breaking #Crypto (+9) ↗
Stablecoin Milestone Tether Expands on Kaia
@LINENEXT and Kaia have integrated $USDT on the Kaia blockchain, enabling 196 million LINE users in Asia to access stablecoin payments via LINE Messenger. #Update #Crypto $USDT (+6) ↗
Coinfest Asia 2025 Bali Hosts Event
Coinfest Asia 2025 in Bali on August 21-22 will gather over 10,000 participants to explore Web3 innovations under the theme “Full Moon.” #Update #Crypto (+4) ↗
Solana Expansion Astra Invests $100M
@AstraFintech launches a $100M fund to expand the Solana blockchain ecosystem in Asia, focusing on South Korea and PayFi solutions like Banana Pay. #Update #Crypto $SOL (+6) ↗
XRP Revolutionizes Asia with New Product
@Ripple partners with HashKey Capital to launch Asia’s first XRP Tracker Fund, aiming to expand institutional access to $XRP and explore new DeFi solutions. #Update #Crypto $XRP (+6) ↗
GITEX Asia Singapore 2024 Tech Event
GITEX ASIA x Ai Everything Singapore will host over 330 speakers, 250 investors, and 700 startups from April 23-25 to explore AI, cybersecurity, and smart cities. #Update #Tech (+3) ↗
Digital Assets Framework Drafted by March
Vietnam’s Prime Minister Pham Minh Chinh has tasked the Ministry of Finance and State Bank of Vietnam with drafting digital asset regulations by March to boost economic growth. #Update #Legal (+3) ↗