Solv launches new Bitcoin yield product on Avalanche

Solv Protocol has launched a yield-bearing Bitcoin token on the Avalanche blockchain, giving institutional investors more exposure to yield opportunities backed by real-world assets, or RWAs. On May 16, the protocol unveiled SolvBTC.AVAX, a token that connects Bitcoin (BTC) to real-world assets like US Treasurys and private credit offered by BlackRock and Hamilton Lane.  The new token was developed through a seven-way partnership involving Solv, Avalanche, Balancer, Elixir, Euler, Re7 Labs, and LFJ, the company said.  Solv Protocol founder Ryan Chow said the token is a way to link Bitcoin…

Basel Medical Group launches $1b Bitcoin acquisition strategy

Basel Medical Group Ltd has entered exclusive negotiations to acquire US$1 billion worth of Bitcoin in a strategic move to strengthen its balance sheet and diversify its treasury reserves. The announcement, made on May 16, marks a significant shift for the Singapore-based healthcare company, as it looks to blend digital asset investment with aggressive growth in Asia’s medical services sector. The company is in advanced talks with a consortium of institutional investors and high-net-worth individuals to complete the acquisition via a share-swap deal. If finalized, this would be among the…

Solv launches RWA-backed Bitcoin yield product

Solv Protocol has announced the launch of SolvBTC.AVAX, a modular Bitcoin yield product backed by real-world assets. The Bitcoin (BTC) yield vault is backed by Solv, Avalanche (AVAX), Euler, Elixir, LFJ and Balancer, Solv Protocol said in an announcement. According to the team, the launch of SolvBTC.AVAX aims to further tap into the $1.3 trillion Bitcoin market, where an estimated 94% of the supply remains largely idle. The new product seeks to unlock yield opportunities for Bitcoin holders by integrating with real-world asset infrastructure. With SolvBTC.AVAX, users can earn core…

VanEck launches new crypto stock ETF

VanEck has launched a new actively managed exchange-traded fund (ETF) designed to invest in stocks and financial instruments offering exposure to the digital economy, the asset manager said on May 14. The VanEck Onchain Economy ETF (NODE) is listed on the Cboe exchange and aims to provide investors with broad exposure to companies operating in the blockchain ecosystem, including crypto miners, exchanges, infrastructure providers, and crypto-oriented financial technology platforms, VanEck said in a press release.  The NODE ETF will also “consider any company that has clearly communicated plans to engage…

Ethereum Foundation Launches “Trillion Dollar Security” Initiative

Key Notes The Ethereum Foundation has set a new goal to secure trillions in on-chain assets. The new initiative will focus on wallets, smart contracts, and public education. Leading experts and advisors will guide the multi-step effort to re-focus Ethereum as a leading chain. The Ethereum Foundation has launched a new security initiative to make the network more secure and reliable globally. As shared by the Foundation, the “Trillion Dollar Security” project intends to ensure that Ethereum can safely handle trillions of dollars in value, whether from individuals or institutions.…

Hantec Markets Launches 24/7 Cryptocurrency CFD Trading as Bitcoin Tops $100K

Hantec Markets has introduced around-the-clock trading for crypto contracts for difference (CFDs), allowing clients to access digital asset markets 24/7, the multi-asset brokerage announced today (Tuesday) Hantec Markets Rolls Out 24/7 Crypto CFD Trading The service, which became operational earlier this month, has already generated increased trading activity, indicating strong client interest in continuous market access, according to the company. The launch comes as cryptocurrency markets experience heightened volatility, with Bitcoin recently surpassing $100,000 following a difficult April trading period. Market movements have been influenced by macroeconomic data releases, including…

UAE’s Mbank Launches AED Crypto Conversion

Mbank and Changer.ae have launched a Dirham-based crypto conversion service, following approval from the UAE Central Bank to open a fully regulated AED escrow account. Secure and Regulated Dirham to Crypto Conversions The United Arab Emirates (UAE) integrated digital bank, Al Maryah Community Bank (Mbank), together with crypto custodian Changer.ae, has announced the launch of […] Source CryptoX Portal

Amber International Launches $100M Crypto Reserve Focused on BTC, ETH, XRP, BNB, SOL and SUI

Amber International has introduced a $100 million crypto ecosystem reserve, leveraging AI-driven strategies to invest in select digital assets and foster institutional adoption. The initiative includes strategic partnerships and operates under a strong risk management framework to ensure secure and compliant investment pathways. Amber’s AI-Powered $100 Million Reserve Targets High-Conviction Digital Assets Amber International Holding […] Source CryptoX Portal

Alpen Labs Launches Bitcoin-Backed Stablecoin to Boost Censorship Resistance

Alpen Labs has introduced the bitcoin dollar (BTD), a bitcoin-collateralized stablecoin built on zero-knowledge rollup technology, aiming to provide a censorship-resistant alternative to centralized stablecoins. ZK Rollups Power Alpen’s New Bitcoin-Backed Stablecoin The bitcoin dollar (BTD) will operate as an over-collateralized stablecoin pegged to the U.S. dollar, using bitcoin ( BTC) as its sole backing […] Original

Microsoft-backed Space and Time mainnet launches with major builders

Space and Time, a blockchain project supported by Microsoft, has launched its public, permissionless mainnet to bring zero-knowledge (ZK)-proven data infrastructure to crypto applications. Built by MakeInfinite Labs, Space and Time offers a decentralized, verifiable database for smart contracts to query historical, crosschain and offchain data, according to a news release shared with Cointelegraph. The platform indexes data from major networks like Ethereum and makes it accessible through a decentralized network of validators. Developers can query this data using Space and Time’s Proof of SQL — a sub-second ZK coprocessor…