Author: driver789
Billiton Diamond and tokenization firm Ctrl Alt said Tuesday they had moved more than $280 million worth of certified polished diamonds on-chain in the UAE, using Ripple’s custody technology to secure the assets and the XRP Ledger to mint tokens tied to physical inventory.The initiative — framed as an institutional-grade tokenization pipeline for polished stones held in the UAE — has already tokenized over AED 1 billion ($280 million) in diamond inventory, the firms said. While the companies are positioning the project as a route to faster settlement and clearer provenance data, the next phase hinges on regulatory clearance: a…
The governance backing the Optimism blockchain has approved a proposal to allocate 50% of all Superchain revenue to buy back the network’s token over the next 12 months, starting in February.The proposal was initially submitted by the Optimism Foundation on Jan. 8 as part of a push to expand the utility of the Optimism (OP) token and align it with the success of the Superchain, a network of unified blockchains. The voting period ended on Thursday, with the Optimism governance community passing the proposal by 33.27% in favor, 3.23% against, and 3.95% abstaining. Source: OptimismUp until the vote, 100% of Superchain…
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Ethereum Foundation adopts a five‑year “mild austerity” plan, reallocating 16,384 ETH and refocusing on core protocol, privacy, and open, verifiable systems. Summary Vitalik Buterin confirms withdrawal of 16,384 ETH to fund long‑term core Ethereum development under a leaner structure. The Foundation will run a five‑year “mild austerity” program to preserve independence while prioritizing scalability, security, and decentralization. Focus areas include secure open‑source hardware, privacy tech like zero‑knowledge systems, encrypted messaging, and local‑first operating systems. The Ethereum Foundation announced a multi-year austerity program designed to balance development priorities with long-term financial sustainability, according to a public statement from co-founder Vitalik Buterin.…
XRP sits at a crossroads. Trading around the $1.6 area after a steep run higher and a later pullback, the token now rests on a weekly support band that traders are watching closely. According to crypto analyst Scott Melker, this is one of the cleaner risk/reward setups in crypto right now — a small stop can limit losses while a bounce could offer meaningful gains. Related Reading Support Zone Holds The Key Based on reports, the zone around $1.55 to $1.60 is important. It lines up with the midpoint of the breakout that began in November 2024 and has acted…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum co-founder Vitalik Buterin says he made $70,000 trading prediction markets on Polymarket last year, not by chasing hot narratives, but by fading what he calls collective “madness.” The Ethereum co-founder framed the profit as a function of behavioral reflexes in thin, hype-prone markets, and used the conversation to surface a separate concern: oracle fragility in real-world event settlement. Here’s How Ethereum’s Buterin Netted $70,000 In an interview posted by Foresight News reporter Joe Zhou on X, Zhou asked whether Buterin still used Polymarket after being active…
Earlier today, as bitcoin recovered from a rocky weekend, the U.S. manufacturing sector delivered a starkly bullish surprise to markets, with the Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) jumping to 52.6 in January, nearly 4 points above the 48.5 consensus estimate and marking its return to expansion territory for the first time in over a year. A PMI above 50 signals net expansion in factory activity — a concrete metric of business confidence and forward‑looking demand — and this marked the highest reading since mid‑2022. This means businesses are seeing some post-holiday demand. The breadth of…
Fidelity announced the launch of a stablecoin on the Ethereum mainnet, positioning the token as a compliance-wrapped settlement dollar distributed through the firm’s brokerage, custody, and wealth management channels.The move lands amid what looks like a stablecoin sprawl, as estimates suggest 59 new major stablecoins launched in 2025 alone, per third-party tracker Stablewatch.This looks like overcrowding, but it’s segmentation. Stablecoins that all say “$1” aren’t interchangeable once distribution, compliance perimeter, redemption rails, permitted users, chain portability, and treasury strategy are priced in.Fidelity’s FIDD digital dollarFidelity’s token, the Fidelity Digital Dollar (FIDD), is issued by Fidelity Digital Assets, National Association, a…
US President Donald Trump has denied knowledge of a reported multimillion-dollar deal between his family and an Abu Dhabi royal for a significant stake in the World Liberty Financial crypto platform. “I don’t know about it,” Trump told reporters on Monday when asked about his involvement in the deal.“My sons are handling that — my family is handling it,” Trump added. “I guess they get investments from different people.”JUST IN: 🇺🇸🇦🇪 President Trump says he did not know Abu Dhabi invested $500 million in his World Liberty crypto project. “I don’t know about it. My sons are handling that, I…
A historical signal for Ethereum. On July 16th, the Enterprise Ethereum Alliance (EEA), joined a delegation led by ERC-3643 Association and with The Linux Foundation and Chainlink Labs, Etherealize to present to the U.S. Securities and Exchange Commission’s (SEC) crypto asset task force. For the first time, Ethereum’s standards and infrastructure were formally showcased inside the halls of the SEC. (read the official SEC meeting statement) At the same time, the SEC issued a no-action letter clarifying that tokenized securities can be issued on Ethereum under existing laws, without requiring a new legal framework. For enterprises building onchain, this is…