CRYPTO TΞCH

ZetaChain holders approve plan to wind down L1, move ZETA to Solana https://cointelegraph.com/news/zetachain-shutdown-zeta-solana-migration?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

ZetaChain plans to wind down its Cosmos-based layer 1 and migrate ZETA to Solana, joining other crypto projects moving away from standalone chains.

Hi

Bank of Korea launches 24-hour won settlement pilot for foreign investors https://cointelegraph.com/news/bank-korea-won-settlement-pilot?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The Bank of Korea’s new network will let foreign investors settle won transactions during business hours in their home countries.

X sues Bitcoin account operators over alleged $278K payout fraud https://cointelegraph.com/news/x-lawsuit-bitcoin-accounts-alleged-scheme?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

X alleges six Bitcoin-focused accounts coordinated posts and engagement to inflate creator payouts, with claimed and projected losses of at least $378,000.

Circle launches Bitcoin-backed USDC borrowing for institutional clients https://cointelegraph.com/news/circle-launches-bitcoin-backed-usdc-borrowing-for-institutional-clients?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Circle is bringing Bitcoin-backed borrowing to institutional clients, allowing them to tap BTC holdings for USDC liquidity without selling their Bitcoin.

NEAR jumps nearly 80% in a week as Intents volume nears $30B https://cointelegraph.com/markets/near-price-surge-intents-zcash-privacy?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Near expanded privacy features for traders as NEAR Intents recorded $29.3 billion in cumulative volume, including swaps involving Zcash.

Crypto PAC to spend $30M opposing Sherrod Brown in Ohio, again https://cointelegraph.com/news/crypto-pac-fairshake-spending-sherrod-brown-ohio-senate-race?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The digital asset-aligned PAC joined other groups to spend more than a combined $300 million in the 2024 Ohio Senate race, resulting in Sherrod Brown’s loss to Bernie Moreno.

Ondo lets institutions convert stocks directly into tokenized shares https://cointelegraph.com/news/ondo-lets-institutions-convert-stocks-directly-into-tokenized-shares?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Ondo’s new in-kind conversion system allows approved institutions to mint and redeem tokenized stocks and ETFs using the underlying securities instead of cash.

Saudi Arabia exits China-backed mBridge CBDC project: FT https://cointelegraph.com/news/saudi-arabia-exits-china-backed-mbridge-cbdc-project-ft?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Saudi Arabia has left mBridge, a cross-border CBDC platform that has drawn scrutiny from US policymakers, according to the Financial Times.