Toss Bank has signed a memorandum of understanding with the Solana Foundation to test blockchain-based global remittance and settlement infrastructure. Summary Toss Bank will test Solana-based remittance and settlement infrastructure before broader digital asset reviews begin. The partnership arrives as South Korea prepares new rules for virtual asset transfer services nationwide. Crypto.news reported similar stablecoin
The CME Group said that it plans to file a lawsuit against the Commodity Futures Trading Commission (CFTC) over the agency’s approval of crypto perpetual futures, setting up a direct legal confrontation between the world’s largest futures exchange operator and its own regulator. Outgoing CME CEO Terrence Duffy made the announcement on CNBC’s “Fast Money,”
XRP price traded near $1.14 on June 21, with the token still locked in a narrow range after failing to clear $1.20. Summary XRP price traded near $1.14 as buyers defended the key $1.10 support zone after weak volume. Ripple adoption keeps growing through RLUSD, MXNB, Mastercard settlement links and AI payment tools. ETF inflows
MainStreet Finance-linked MSUSD traded far below its intended dollar peg after a rapid sell-off tied to reserve-verification concerns. Summary MSUSD traded near $0.378 on CoinGecko after falling far below its intended dollar peg. PeckShield said the Morpho msY/USDC market reached 100% utilization as liquidity concerns spread quickly online. MainStreet said assets remain fully backed, citing
Bitcoin whales are absorbing record retail capitulation as supply in loss hits all-time highs, and a new $72K cohort is deep underwater. Bitcoin whales were the last ones standing when retail walked out. On-chain data now shows more than half of all BTC in circulation is sitting at a loss, an all-time high for the
Ripple is expanding its artificial intelligence focus as the XRP Ledger adds support for AI agent payments using XRP and Ripple USD. Summary Ripple launched XRPL Starter Kit so agents can pay using XRP and RLUSD through x402. Crypto.news noted USDC still dominates x402 activity despite Ripple’s push into machine payments for now. Ripple’s GenAI
Algorand (ALGO) has published a detailed post-quantum cryptography roadmap committing the protocol to broad quantum resilience by the end of 2027, covering every layer from user wallets to its core consensus mechanism. The announcement, made by Bruno Martins, Algorand Foundation technology chief, lands as governments and regulators race to set their own quantum-safe deadlines, and
A $1.5 trillion asset manager just filed to take the most boring mechanism in investing, the dividend reinvestment plan, and quietly point it at Bitcoin. The filing made no headlines. It may be one of the most structurally interesting crypto products yet proposed. Summary Franklin Templeton filed two ETFs that would reinvest stock dividends into
CME is arguing that perps are harmful to its long-dated futures products. The lawsuit alleges that the CFTC did not consider the ramifications of approving perps, and that these products are actually “swaps” as defined by the Dodd-Frank Act, and not “futures.” Each term carries implications for how the products themselves are to be regulated
A preferred stock that was supposed to behave like a steady, high-yield bond fell to 82 cents on the dollar in a single session. The issuer says it was a leverage flush, not a credit problem. Either way, the new world of Bitcoin-backed “digital credit” just met its first stress test. Summary STRC and SATA
