Kresus Labs raises $13 million from Hanwha Investment & Securities
Kresus Labs raises $13 million from Hanwha Investment & Securities
Kresus Labs raises $13 million from Hanwha Investment & Securities Read More »
Kresus secures $13M investment from Hanwha to scale RWA wallet and tokenization technology
Wallet infrastructure company Kresus Labs has raised around 18 billion won ($13 million) in investment from Hanwha Investment & Securities, one of South Korea’s largest financial institutions. The investment follows a memorandum of understanding signed in December during Abu Dhabi Financial Week and aims to expand Kresus’ enterprise digital wallet infrastructure, real-world asset (RWA) tokenization
Crypto Long & Short: Crypto’s Liquidity Mirage
Welcome to our institutional newsletter, Crypto Long & Short. This week: Leo Mindyuk explains how executable liquidity at scale is more fragmented and fragile than most institutions realize The headlines institutions should pay attention to by Francisco Rodrigues Helium’s deflationary reversal in the chart of the week -Alexandra Lévis Expert Views The Crypto Liquidity Mirage:
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Banking trade groups to blame for deadlock on market structure bill, says Brian Armstrong
PALM BEACH, Fla. — Banking trade groups, rather than individual banks, are primarily responsible for blocking negotiations on crypto market structure legislation, Coinbase CEO Brian Armstrong said. Banks themselves see crypto as an opportunity, he said Wednesday at the World Liberty Forum at Mar-a-Lago. “For whatever reason, incumbent industries sometimes have trade groups and view
Real estate mogul Barry Sternlicht says his company is ready to tokenize its assets, but U.S. regulations block it
Billionaire real estate mogul Barry Sternlicht said his company, Starwood Capital Group, which manages more than $125 billion in assets, was ready to start tokenizing real-world assets but could not move forward due to regulatory barriers in the United States. “We want to do it now and we are ready,” Sternlicht said Wednesday at the
Riot stock jumps about 7% as Starboard pushes $1.6 billion AI data center move
Shares of Riot Platforms (RIOT) rose nearly 9% on Wednesday after activist investor Starboard Value LP released a letter urging the company to accelerate its transition from Bitcoin mining to an AI infrastructure provider. The goal is for Riot to secure high-margin artificial intelligence and high-performance computing (AI/HPC) hosting deals. Riot’s 1.7 gigawatts of fully
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BTC’s rebound from this month’s crash evaporates
After hesitating early on Wednesday, Bitcoin BTC$66,250.94 reversed during the afternoon in the United States and slipped to a session low below $66,000, putting pressure again on the lower end of its recent range. After trading $68,500 overnight, BTC is down 2.5% in the past 24 hours and last traded at $66,200. Crypto stocks, which
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Kraken parent acquires token management company ahead of planned IPO
Crypto exchange Kraken has extended its acquisition streak by purchasing token management platform Magna as the company prepares for its anticipated public market debut. The deal, announced Wednesday by Kraken parent company Payward, brings a platform used by crypto teams to manage token acquisition, claims and distributions. It currently serves more than 160 customers and
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Sam Altman’s OpenAI unveils ‘EVMbench’ to test whether AI can keep crypto smart contracts secure
OpenAI is diving deeper into cryptographic security with the launch of EVMbench, a new testing framework designed to measure how well artificial intelligence can understand and potentially secure smart contracts on Ethereum and similar blockchains. Smart contracts, the self-executing code deployed on blockchains like Ethereum, underpin decentralized exchanges, lending protocols, and a wide range of
Base Moves Away from Optimism’s ‘OP Stack’ in Major Technology Shift
Coinbase’s layer 2 Ethereum network, Base, is changing the technology that powers it, moving away from Optimism’s OP stack, the toolkit it was originally launched on. In a blog post titled “The Next Chapter for Base,” the team announced plans to take more control over its own code and infrastructure. Instead of relying on multiple
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