The local exchange announced that users will be able to get 1 million Argentine pesos in credit (nearly $700) by using 0.01 BTC as collateral. There will be no maintenance fees for the first three months. Lemon claims this is the first card of its kind in Argentina. Lemon Pioneers Bitcoin-Backed Visa Card in Argentina […] Original
Key Notes LSEG has deepened its crypto drive with instant blockchain settlements using commercial bank money. The Settlement House platform supports real-time PvP and DvP across digital and traditional payment networks. Service aims to cut settlement risk and improve liquidity management around the clock. Blockchain settlements moved closer to daily market use as LSEG launched Digital Settlement House. This is a new platform designed to allow instant settlement across payment networks. It will use commercial bank money to move cash and assets across markets at any time. How LSEG Is…
The London Stock Exchange Group has rolled out a new digital settlement service to bring commercial bank money onto blockchain rails. The service, called Digital Settlement House (DiSH), enables instant settlement across both blockchain-based and traditional payment networks, operating around the clock across multiple currencies and jurisdictions, according to a Thursday announcement. At the core of the platform is DiSH Cash, a ledger-based representation of commercial bank deposits. Rather than relying on stablecoins, the system uses tokenized claims on actual bank deposits, providing what LSEG describes as a “real cash…
Key Notes Grayscale’s GLNK has accumulated $87.5 million in assets since its December 2 launch, establishing a competitive landscape for the new entrant. Both funds use Coinbase Custody and trade on NYSE Arca, with Bitwise offering a slightly lower standard fee at 0.34% versus Grayscale’s 0.35%. LINK traded at $14.12 with a 5.39% gain on launch day as Chainlink maintains its position as the dominant oracle platform by value secured. Bitwise Asset Management launched the Bitwise Chainlink ETF on NYSE Arca on Jan. 14. The fund is the second in…
Key Notes Backpack launches an invite-only margin-based prediction market for active traders. Unified Prediction Portfolio lets traders use one account for bets, futures, and spot positions. Cross-margining reduces locked capital, letting users act on insights more efficiently. Backpack Exchange has launched a private beta of its new margin-based prediction market. This will allow traders to place bets on digital assets and financial outcomes while using the same capital across multiple products. The feature is available to select active traders only. Backpack Prediction Market Features Backpack Exchange has launched the Unified…
Backpack, a cryptocurrency exchange founded by former employees of Alameda Research and the defunct FTX, is entering prediction markets with an ambitious plan to unify balances from different types of trading. The exchange has launched private beta testing for its new platform, called the Unified Prediction Portfolio, Backpack CEO Armani Ferrante said in a post on X on Tuesday. “This isn’t yet another wrapper over Kalshi, Polymarket, or any other prediction market platform,” Ferrante wrote, describing the upcoming market as a “native system with everything tokenized and risk profiled, together.”…
Eric Adams has made his first major public move since leaving the New York City Mayor’s Office, launching a New York City–themed crypto token aimed at addressing anti-semitism and “anti-Americanism.” In a post to X on Monday, Adams announced the launch of the “NYC Token, with a link to a website that says it also aims to inspire the next wave of innovation in NYC. “I always say there are two types of Americans, those who live in New York and those who wish they could,” Adams said in a…
Key Notes The platform marks World Liberty’s transition from token development to consumer-facing DeFi services and applications. USD1 stablecoin’s market cap exploded from $128 million to over $3.37 billion within a single year of operations. World Liberty applied for national banking charter while planning mobile app and third-party integrations over 18 months. World Liberty Finance has launched WLFI Markets, a crypto borrowing and lending service powered by the decentralized Dolomite protocol. The new service allows users to lend and borrow in USD1, World Liberty’s dollar-backed stablecoin with support for additional…
BitGo Holdings, a major cryptocurrency custody company, announced the launch of its initial public offering (IPO) in a filing with the US Securities and Exchange Commission (SEC). In a Form S-1 filed with the SEC, BitGo said the offering will include 11 million shares of Class A common stock issued by the company, along with 821,595 shares offered by existing stockholders. The company announced the launch of the offering on Monday. Based on an expected price range of $15 to $17 per share, the IPO could raise as much as…
BNY, a financial services company that traces its roots back to one of the oldest financial institutions in the United States, launched tokenized bank deposits for its institutional clients on Friday. Tokenized bank deposits are onchain cash balances or depositor claims against a bank. BNY will issue the tokenized bank deposits on an in-house permissioned blockchain network, according to an announcement from the company. The differences between permissioned and permissionless blockchain networks. Source: Cointelegraph The onchain deposits will be used to support collateral and margin requirements, with additional functionality in…