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Kraken Expands xStocks to Tron, Boosting Access and DeFi Trading

by admin August 20, 2025

Tokenized stocks are racing into the spotlight, and Kraken is moving fast to stay ahead. On Wednesday, the exchange announced it is expanding its xStocks product onto the Tron blockchain. Through a partnership with TRON DAO and tokenization startup Backed, Kraken is now rolling out tokenized versions of popular equities like Apple, Nvidia, and Tesla across three major blockchains in less than two months.

Unlike conventional shares, these tokenized assets function as debt instruments for compliance, meaning holders cannot exercise governance rights. However, investors still gain fractional ownership, 24/7 trading, and DeFi integration.

Growing Multi-Chain Support

Kraken co-CEO Arjun Sethi highlighted the rapid expansion, saying, “Expanding xStocks to three blockchains in under 60 days shows what’s possible when you design for openness from the start.”

The platform already links with Solana’s Kamino, Raydium, and Jupiter, as well as BNB Chain’s PancakeSwap and Venus Protocol. By deploying TRC-20 tokens on Tron, Backed ensures full 1:1 asset backing while allowing deposits and withdrawals directly within the Tron ecosystem.

“Tokenized equities represent a natural evolution for crypto, bridging traditional markets with blockchain,” added Justin Sun, founder of Tron, emphasising the wider picture. He said that greater accessibility for users globally could allow for efficiency and inclusivity for investors who were previously excluded.

Tron Sentiment and Market Impact

In the meantime, Tron’s network has seen an increase in profitability for its holders. Recent insights from CryptoQuant reveal that one-week holders have enjoyed a 3.8% rise. As per the chart, one-month holders have gained 10.3%, and three-month holders are leading with 31.2% profit.

Notably, with $6.6 billion locked up, Coinbase’s Base network recently overtook Tron in the DeFi rankings, showing extreme competition on several ecosystems. “Base is doing a great job promoting native lending and borrowing protocols,” a spokesperson for DeFi lender Morpho, the biggest DeFi protocol on Base with over $2.5 billion in deposits, said.

Tokenized equities are changing access to financial markets. Kraken’s move into Tron indicates rising interest in blockchain-based stocks and hints at a closer relationship between crypto and traditional assets.

Also Read: TRM Labs Launches Beacon Network with Top Exchanges Onboard

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August 20, 2025 0 comments

NFT Gaming

Trump Family Expands Crypto Bets as Thumzup Pivots Into Dogecoin Mining

by admin August 20, 2025

Thumzup Media Corp. (TZUP), which counts Donald Trump Jr. as a large shareholder, said it will acquire Dogehash Technologies, Inc. in an all-stock deal, pivoting from digital marketing into industrial-scale crypto mining

Under the agreement, Dogehash shareholders will receive 30.7 million Thumzup shares, according to a Tuesday release, valuing the transaction at $153.8 million, based on the shares’ closing price. The combined company will rebrand as Dogehash Technologies Holdings, Inc. and list on Nasdaq under the ticker XDOG, pending shareholder approval later this year.

Dogehash operates about 2,500 Scrypt ASIC miners across renewable-powered data centers in North America, with plans to scale up further in 2026. Unlike firms that pad their balance sheets by simply buying coins, Dogehash has invested in its own infrastructure, giving it direct exposure to dogecoin

and litecoin block rewards at a lower cost base.

The deal comes on the heels of Thumzup’s $50 million stock offering in July, earmarked for mining expansion and digital asset accumulation. The company says it will also use Dogecoin’s DogeOS layer 2 to stake in DeFi products, aiming to boost miner returns beyond standard rewards.

This new deal adds to the Trump family’s expanding crypto empire. Eric Trump and Donald Jr. launched American Bitcoin earlier this year with Hut 8, which has over 60,000 miners.

Meanwhile, World Liberty Financial, another Trump-backed venture, struck a $1.5 billion deal with Nasdaq-listed ALT5 Sigma to inject its WLFI token into the firm’s treasury.

Thumzup stock fell 41% to $5.01 on Tuesday.

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August 20, 2025 0 comments

GameFi Guides

Strategy Expands Bitcoin Holdings to 629,376 BTC Worth $46.15B

by admin August 18, 2025

Strategy Inc. continues to expand its Bitcoin (BTC) holding, escalating its accumulation despite market turbulence as prices slipped 3% to $115,539.The Virginia-based firm, led by CEO Michael Saylor, revealed on August 18 that it had acquired 430 BTC for roughly $51.4 million at an average price of $119,666 per coin.

This purchase lifts the company’s total Bitcoin holdings to 629,376 BTC, making Strategy one of the world’s largest corporate holders of the asset. Since it began its accumulation, the firm has spent $46.15 billion, averaging $73,320 per coin.

Besides the latest acquisition, Saylor highlighted the firm’s performance. “Strategy has acquired 430 BTC… and has achieved BTC Yield of 25.1% YTD 2025,” he wrote on X. Hence, despite volatile conditions, Strategy has maintained consistent gains, proving the effectiveness of its accumulation strategy.

The recent update wasn’t just about purchasing Bitcoin. Below the post, the CEO also included a fresh approach to the company’s equity issuance strategy linked to its Bitcoin reserves. The firm introduced a tiered system that considers their market value in relation to net asset value (mNAV).

When the firm’s trading value exceeds 4.0x mNAV, it issues more MSTR shares to acquire additional Bitcoin. In the range of 2.5x to 4.0x mNAV, they continue to issue shares, but only when the opportunity arises.

Strategy today announced an update to its MSTR Equity ATM Guidance to provide greater flexibility in executing our capital markets strategy. pic.twitter.com/xSwwcWubIq

— Michael Saylor (@saylor) August 18, 2025

Consequently, below 2.5x mNAV, the company restricts issuance to meeting debt or other obligations. Finally, if valuation sinks under 1.0x mNAV, Strategy may issue credit to repurchase its own shares.

SEC Filing Confirms Strategy

The company also filed a Form 8-K with the SEC as part of its update, making sure it stays in line with investor disclosure rules. In simple terms, this shows that Strategy is being open about how it manages money while steadily building its Bitcoin stash.

The firm’s bold move makes it clear that Bitcoin is not just a side investment, but its main treasury strategy. Moreover, the updated guidance shows that Strategy plans to keep using market ups and downs to grow its holdings while still protecting shareholders from too much dilution.

Also Read: Bhutan Moves $92M in Bitcoin Amid Exchange Speculation

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August 18, 2025 0 comments

Crypto Trends

Circle Stock Jumps as USDC Stablecoin Expands to Sam Altman’s World Chain

by admin June 11, 2025

In brief

Shares of Circle are up more than 10% today as its stablecoin expands natively to World Chain.
The company is now valued around $28.34 billion, up nearly 4x from its IPO price.
USDC is now natively supported on 21 different blockchains.

Shares of stablecoin giant Circle are up more than 10% today as the firm’s USDC stablecoin and cross-chain transfer protocol expand to World Chain, the blockchain co-founded by OpenAI CEO Sam Altman that’s focused on human verification.

As part of the integration, all bridged USDC tokens on World Chain were automatically upgraded to the newly launched native USDC.

“We’re excited to announce that native USDC and CCTP V2 are now live on World Chain,” the firm wrote in a blog about the announcement. “This upgrade enhances liquidity, security, and capital efficiency for developers and users across the World Chain ecosystem.”

The expansion now puts USDC, the second largest stablecoin, on 21 different blockchains, the announcement says.

Circle stock (CRCL) is currently trading above $116, up more than 10% on the day and sitting at a price nearly four times its $31 IPO price. Listed on the Nasdaq, CRCL pumped as high as $138.57 on Monday.

After hitting the public market last week, the stock was initially halted multiple times on its first day of trading, jumping to more than three times its IPO price in a matter of minutes.

That debut exceeded the initial performance of major publicly traded tech companies like Meta, Robinhood, and Airbnb upon their respective listings.

The IPO, which raised $1.1 billion for the firm and early shareholders, accelerates a trend of crypto companies going public. In May, trading platform eToro made its debut on public markets. Prior to that, Bitcoin rewards company Fold went public as well.

Neither, though, saw as much success upon debut as shares of CRCL, which scored a major victory when compared to the initial listings of other crypto-focused companies, in terms of share price surge after offering.

However, another prominent crypto firm may join the race soon, with New York-based exchange Gemini recently filing for its own IPO.

Circle, now valued around $28.34 billion, sought to go public as early as 2022. But plans to go public via a merger with a SPAC fell through at the time.

Edited by Andrew Hayward

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June 11, 2025 0 comments

GameFi Guides

Chainlink boosts oracles, while Lightchain AI expands ecosystem with $150k grant pools

by admin June 10, 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Chainlink boosts oracles again, while Lightchain AI fuels dev growth with $150k grants and a July mainnet launch.

Chainlink continues to enhance its oracle solutions, solidifying its role in providing reliable off-chain data to smart contracts. Meanwhile, Lightchain AI is enhancing its ecosystem differently by deploying $150,000 in grant pools to fuel developer innovation and ecosystem growth.

Having completed all 15 presale stages and entering the Bonus Round, Lightchain AI is building momentum through tangible support for builders focused on AI-native blockchain applications. With a purpose-built virtual machine and a consensus model that rewards meaningful computation, the project is attracting long-term contributors as it gears up for its July 2025 mainnet launch.

Chainlink strengthens its core with ongoing oracle innovations

Chainlink continues to reinforce its position as a decentralized oracle technology leader with ongoing advancements to strengthen its core infrastructure. The implementation of OCR has greatly increased the scalability of Chainlink and decreased congestion on-chain, resulting in depositing data faster and more cost-efficiently into smart contracts. Further, the Chainlink Runtime Environment (CRE) provides a modular, blockchain-agnostic framework that simplifies the process of creating DApps and enables DApps to interact across different blockchains.

Chainlink’s focus on interoperability is also reflected through the implementation of its Cross-Chain Interoperability Protocol (CCIP), which provides secure data and asset transfers across multiple blockchains. This protocol aims to connect universal liquidity to enable sophisticated cross-chain applications. Furthermore, Chainlink’s partnership with TRON DAO, through which Chainlink Data Feeds are now the official oracle solution securing trillions in DeFi TVL, highlights its critical efforts in improving the reliability and security of DeFi ecosystems.

These advancements not only reinforce Chainlink’s core capabilities but also expand its utility across various sectors, including finance, gaming, and supply chain management. By continuously evolving its oracle solutions, Chainlink is paving the way for more robust and versatile blockchain applications.

Lightchain AI Fuels builder growth through $150k developer grant pools

Lightchain AI has launched a $150,000 Developer Grant & Ecosystem Incentive Program to accelerate innovation at the intersection of artificial intelligence and blockchain. Announced on May 15, 2025, this initiative offers milestone-based grants of up to $5,000 per project, targeting developers building AI-integrated dApps, DeFi protocols, NFT platforms, and analytics tools on Lightchain’s Ethereum-compatible Layer-1 network.

Beyond financial support, participants gain access to technical assistance, co-marketing opportunities, and increased ecosystem visibility. This program aims to lower entry barriers for developers and foster sustainable, value-driven growth in decentralized AI applications.

By incentivizing projects that align with its vision of intelligent smart contracts and on-chain decision-making, Lightchain AI is positioning itself as a catalyst for the next wave of blockchain innovation.

A chance to shape the future with Lightchain AI is here

The much-awaited moment has arrived — an exclusive opportunity to invest in Lightchain AI, just as momentum is reaching its peak. With 40% of the supply dedicated to presale and 15% set aside for staking rewards, our tokenomics are designed to reward early adopters and fuel long-term growth. And here’s the kicker: the original 5% Team Allocation has been completely removed, proving our commitment to transparency and trust.

Powered by cutting-edge sharded architecture for scalable AI execution, Lightchain AI isn’t just an idea; it’s ready for real-world use. But time is ticking! The Bonus Round won’t last forever, and with excitement building ahead of the mainnet launch, now could be the time to act.

Don’t miss the chance to be part of something big. Secure a stake in the future today!

For more information on Lightchain AI, visit its website, X, or Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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June 10, 2025 0 comments

Gaming Gear

AMD unveils Ryzen AI Z2 Extreme with AI processing NPU, expands family with two new chips for handheld gaming consoles

by admin June 8, 2025

AMD has announced two new additions to its Ryzen Z2 series of processors meant for handheld gaming devices. The company has introduced a new top-of-the-line Ryzen AI Z2 Extreme, which is essentially the Z2 Extreme with a dedicated Neural Processing Unit (NPU). As a quick reminder, the original lineup was announced back in January and included the Ryzen Z2 Extreme, Ryzen Z2, and the Ryzen Z2 Go.

The second chip is the Ryzen Z2 A, which is stacked directly below the Ryzen Z2 Go, featuring fewer GPU cores and a lower configurable TDP (Thermal Design Power). These new additions indicate that we could see a wide range of handheld gaming consoles launch this year, potentially targeting the holiday season.

The company has shared limited information regarding the specifications and performance capabilities. The Ryzen AI Z2 Extreme has a similar configuration to the non-AI variant, including an 8-core/16-thread CPU, 24MB of cache, support for LPDDR5X-8000 memory, a configurable TDP of 15-35 watts, and 16 RDNA 3.5 graphics cores. The new Z2 processor is the first and only processor in the lineup to include a dedicated NPU, which is said to offer up to 50 TOPS of AI compute power and support for Microsoft’s Copilot+ features.

Ripple Expands Middle East Presence as RLUSD Gains Approval in Dubai

by admin June 4, 2025

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Ripple has received regulatory approval to introduce its US dollar-backed stablecoin, RLUSD, into the Dubai International Financial Centre (DIFC). The approval came from the Dubai Financial Services Authority (DFSA), which oversees activities within the special economic zone.

This development marks a new phase in Ripple’s strategy to expand its digital asset infrastructure across the Middle East. The DFSA’s green light allows RLUSD to operate as a payment rail within Ripple’s existing DFSA-licensed digital asset platform.

This integration could open the door for over 7,000 companies operating in the DIFC to use the stablecoin for cross-border transactions, digital asset settlements, and related services.

Ripple has previously established a footprint in the region, having secured regulatory approval to serve clients in the United Arab Emirates’ (UAE) $40 billion cross-border payments market.

Institutional Demand and Strategic Partnerships Fuel Growth

Ripple’s move into the DIFC follows a broader trend of increased institutional interest in digital assets across the Gulf region. According to Reece Merrick, Managing Director for the Middle East and Africa, the company has observed rising demand for crypto-enabled payment and custody solutions.

The RLUSD approval is seen as a step toward enabling this demand through licensed, regulated infrastructure. Jack McDonald, Ripple’s Senior Vice President for stablecoins, said that the DFSA’s decision aligns with the company’s focus on supporting regulated financial innovation in Dubai.

To build out its local ecosystem, Ripple is actively working with various regional entities. It has formed partnerships with Zand, a digital bank based in the UAE, and Mamo, a fintech company.

These organizations are expected to be among the early adopters of Ripple’s payment tools powered by RLUSD. Furthermore, Ripple is engaging with Ctrl Alt, a digital infrastructure firm, and the Dubai Land Department in an initiative to tokenize real estate deeds on the XRP Ledger, aimed at creating digitized property ownership frameworks backed by blockchain.

RLUSD Expands Beyond the US Market

Launched in December 2024, RLUSD is fully backed by US dollar reserves and was initially approved by the New York Department of Financial Services. The stablecoin began trading on platforms such as Uphold and has since expanded to other exchanges, including Kraken.

RLUSD currently holds a market capitalization of over $300 million, placing it within a global stablecoin market that is dominated by larger players like Tether’s USDT and Circle’s USDC, which together account for the majority of the sector’s $250 billion total market value.

The integration of RLUSD into Dubai’s financial landscape could present Ripple with new use cases beyond its original remittance-focused model. The DIFC has positioned itself as a forward-looking regulatory hub for fintech and digital assets, providing a controlled environment for blockchain-based innovation.

With this approval, Ripple joins other companies leveraging the region’s legal clarity to offer services tied to digital currencies. As stablecoins gain traction globally for settlement and treasury use, regulated regional integrations such as this could help Ripple compete in a rapidly evolving financial infrastructure landscape.

XRP price is moving upwards on the 2-hour chart. Source: XRP/USDT on TradingView.com

Featured image created with DALL-E, Chart from TradingView

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June 4, 2025 0 comments

NFT Gaming

Centrifuge Expands Tokenized Assets to Solana Starting With $400M Treasury Fund

by admin May 23, 2025

Tokenized asset platform Centrifuge said it’s expanding services on the Solana blockchain, starting with the $400 million tokenized U.S. Treasury fund managed by Anemoy (JTRSY).

The expansion builds on Centrifuge’s token standard — dubbed “deRWA tokens” — that allows token holders to freely transfer and use tokenized instruments across decentralized finance (DeFi) protocols.

In this case, the deJTRSY token can be swapped, lent, or used as collateral in, enables Solana users to earn yield from short-term Treasuries natively in Solana DeFi platforms, first on decentralized exchange Raydium, lending platform Kamino, and yield aggregator Lulo.

The rollout underlines Solana’s growing momentum in the tokenized RWA space, a red-hot sector that aims to brings traditional financial instruments like bonds, funds and credit onto blockchain rails. It’s a huge opportunity: Boston Consulting Group and Ripple projected that the tokenized asset market could reach $18.9 trillion by 2033.

This week, Solana Foundation partnered with bank-focused blockchain tech firm R3 to bring real-world assets to Solana, while Securitize-issued tokenized fund of Apollo credit assets is also being introduced to Solana-based DeFi protocols.

“Tokenizing assets is just the starting point,” said Bhaji Illuminati, CEO of Centrifuge. “What truly matters is giving real-world assets utility onchain: making them usable across the DeFi stack from day one.”

Read more: Major TradFi Institutions to Pursue Tokenization Efforts on Solana

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May 23, 2025 0 comments

Esports

Steel City Interactive expands technical and creative departments

by admin May 21, 2025

Steel City Interactive has announced a partnership with recruitment agency Amiqus as it looks to scale its technical and creative teams.

The Sheffield-based studio has begun a recruitment drive to support the future of its Undisputed franchise, which fully launched last October and has since surpassed one million copies.

It’s currently looking for experienced developers in engineering, art, and design.

“[Our] recruitment drive represents a studio with long-term ambitions not just for Undisputed as a game, but for Steel City Interactive itself as a leading creative force in gaming,” the developer’s recently appointed VP of studio Tim Coupe tells GamesIndustry.biz.

“Our direction points towards greater technical polish, deeper player engagement, and Undisputed as the flagship franchise in a revitalised category.”

Steel City Interactive was founded in 2020 by brothers Ash, Asif, and Asad Habib.

“Steel City Interactive is undoubtedly on an impressive growth trajectory under their new leadership,” Amiqus business manager Liz Prince added.

“And as the studio continues to expand, Amiqus is delighted to be working alongside the team as their recruitment partner of choice, as we deploy our new Amiqus Alliance service for them.

“It is an exciting time for the growth of the games development sector in the region, and we are looking forward to playing our part.”

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May 21, 2025 0 comments

NFT Gaming

Apex Group Expands Into Tokenization Buying Majority Stake in Tokeny

by admin May 21, 2025

Apex Group, a financial services provider with more than $3 trillion in assets under administration, said on Tuesday it had acquired a majority stake in Tokeny, a Luxembourg-based firm that helps institutions tokenize real-world assets (RWA) on public blockchains.

According to the deal, Apex expects to take full ownership of Tokeny over the next three years, after first investing in the company in late 2023, Apex said in a press release. The companies did not disclose the terms of the acquisition in the press release, and a spokesperson did not immediately return a request for comment.

The acquisition comes as more traditional financial firms are looking at tokenization as the next frontier in capital markets, using blockchain technology for moving assets like bonds, funds and other securities.

For institutional investors, the process promises simpler cross-border transactions, faster settlement and new liquidity channels. Tokenized assets could be a $18 trillion market by 2033, a report from BCG and Ripple last month projected.

“Tokenization is a foundational shift in how assets will be managed, distributed, and accessed,” Apex founder and CEO Peter Hughes said in a statement. “Our strengthened partnership with Tokeny is key to delivering on our vision to be the infrastructure provider in the digital era of finance.”

Tokeny’s infrastructure has already been used to tokenize over $32 billion in assets, supporting the full life cycle of tokenized securities — from issuance to transfer to compliance — and is best known for establishing ERC-3643, a widely used standard for compliant digital asset transfers, the press release said.

Apex said Tokeny’s team and tools will be brought in-house, and it aims to offer clients a turnkey infrastructure for blockchain-based finance, layering smart contracts and decentralized protocols on top of its traditional services.

Read more: Ripple, BCG Project $18.9T Tokenized Asset Market by 2033

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May 21, 2025 0 comments