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NFT Gaming

Lion Group Plans to Swap SOL, SUI Holdings for HYPE

by admin September 8, 2025



Nasdaq-listed Lion Group (LGHL) plans to exchange all of its SOL and SUI holdings for HYPE tokens.

The Singapore-based trading platform operator is aiming to capitalize on the launch of custody services for the the Hyperliquid ecosystem in the U.S. by digital asset custodian BitGo.

Lion Group said it plans to optimize its crypto portfolio using the Hyperliquid layer-1 network’s decentralized perpetual futures exchange capabilities, in an announcement on Monday.

The company began acquiring HYPE tokens in late June, having previously announced its Hyperliquid treasury initiative. At the time, however, Lion Group said it planned to continue acquiring SOL and SUI.

Lion Group CEO Wilson Wang described Hyperliquid as “the most compelling opportunity in decentralized finance, with its on-chain order book and efficient trading infrastructure.”

“By shifting our holdings from SOL and SUI to HYPE through a disciplined accumulation process, we aim to enhance portfolio efficiency and position the Company for sustained growth in the crypto sector,” he added.

At the time of writing, HYPE is priced at $51.39, 9% higher in the last 24 hours.

LGHL shares traded at $1.25 of of midday on the East Coast on Monday, a fall of 7.4% on the day.



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September 8, 2025 0 comments
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Lion Group bets on Hyperliquid as it converts SOL and SUI to HYPE
GameFi Guides

Lion Group bets on Hyperliquid as it converts SOL and SUI to HYPE

by admin September 8, 2025



Lion Group Holding, the Nasdaq-listed trading platform operator, is making a huge bet on Hyperliquid as it announces a reallocation of its Solana and Sui assets.

Summary

  • Lion Group Holding Ltd. plans to convert its Solana and Sui assets to Hyperliquid’s HYPE.
  • The company says its move aligns with desire to tap into Hyperliquid’s growth potential following BitGo’s integration of HyperEVM

In an announcement on Monday, Lion Group said it’s taking a fresh bet on Hyperliquid (HYPE),the decentralized exchange platform that has recently attracted significant attention. Specifically, Lion Group Holding Ltd., which offers an all-in-one trading platform that includes over-the-counter stocks, options, and futures, will reallocate all of its current holdings of Solana (SOL) and Sui (SUI) assets to HYPE.  

To accomplish this, the company will adopt an accumulation strategy by which it converts all of its SOL and SUI tokens into HYPE. Lion Group plans to undertake this over the coming months, with its decision to pivot to a Hyperliquid treasury strategy coming amid an institutional milestone for the DEX platform, with crypto custody firm BitGo enabling HyperEVM custody for users in the United States.

“We believe Hyperliquid represents the most compelling opportunity in decentralized finance, with its on-chain order book and efficient trading infrastructure,” Wilson Wang, chief executive officer of LGHL, said. “By shifting our holdings from SOL and SUI to HYPE through a disciplined accumulation process, we aim to enhance portfolio efficiency and position the company for sustained growth in the crypto sector.”

Tapping into Hyperliquid’s growth potential

BitGo announced support for HyperEVM in late August, noting that the expansion effort will allow qualified users to tap into BitGo’s custody services to benefit from the growth potential of HyperEVM. One of the key assets in this ecosystem is HYPE, a token that is getting new attention after Hyperliquid revealed plans for its native stablecoin.

According to LGHL, the move to shift SOL and SUI into HYPE will allow it to optimize its crypto portfolio by leveraging Hyperliquid’s potential as a high-performance layer-1 blockchain. Hyperliquid is also a leading decentralized perpetual futures exchange.

Lion Group will take advantage of market volatility to accumulate HYPE at the best prices. The token currently trades around $51.90.



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September 8, 2025 0 comments
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"Bury this game and experience forever? That should be a crime" How a group of modders revived Ubisoft's cult driving game, The Crew
Game Reviews

“Bury this game and experience forever? That should be a crime” How a group of modders revived Ubisoft’s cult driving game, The Crew

by admin September 5, 2025


Back in 2023, Ubisoft announced it would shut down The Crew’s servers on 31st March, 2024, which would make the game unplayable due to its always online requirements – even those with physical copies of the game were to be locked out. Needless to say, many were unhappy with Ubisoft’s decision.

Some, though, decided not to just leave it there, and set about reviving the game on their own time and dime. Now a little over a year later, the fan lead Crew revival project – known as The Crew Unlimited – is gearing up for its release on 15th September.

But, what has it taken to get to this point?


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“We started working on the server emulator project (to revive the game) a bit before the official server shutdown,” project lead whammy4 told Eurogamer. “Ever since then it’s been a non-stop technical uphill battle: network data analysis, reversing, implementation, rinse and repeat.”

This was all to “implement the networking and communications between the game client (the game that the players play) and the server (what we’re working on)”, they explain. “Then there’s a whole other side of it where we have to re-implement and rewrite entire parts of The Crew’s game/data design, functionality and logic, entirely from scratch.”

Think that all sounds difficult? Well, it was. The rest of The Crew Unlimited’s team is made up of r00t0, ChemicalFlood, mono24 and Guki. It was r00t0 who started and carried out the actual server emulator project, with whammy4 calling them an “absolute godsend”. Whammy4, then, is “mainly responsible for programming the actual game functionality and logic, and all the MMO stuff on the server”, while ChemicalFlood is “helping and assisting us with the networking and IT side of things (also archiving everything)”. Guki, meanwhile, is the expert on The Crew’s data and file systems, and mono24 provides “invaluable advice on how to run and manage the project correctly”. The entire team have their own jobs, families and lives outside of The Crew Unlimited.

So, what does this all actually mean in practice, though? “The game’s economy, prices, items, rewards, databases, MMO systems and logic; we have to manage things down to each individual part you install on your car in the game,” whammy4 explained. “Oftentimes working on this project feels like an unpredictable rollercoaster ride, one day we’re feeling like we’re making huge progress and got everything sorted, next day we’re bashing our heads on the wall failing to figure out how some minor gamemode’s reward formula works… sometimes for months.”

Whammy4 added there would be times when the team would have to deal with issues in their personal lives, and this would halt any progress for a not insignificant period of time. “But you know what really warms our heart and keeps us going? It’s the amount of support we get from fans of the game,” whammy4 said, adding the entire team is very grateful for this.

“It just shows how many people love and care for this game. We get kind words and support from people from all across the world, both young and old. Very few video games can boast such dedicated fanbases with such a large variety in age. This warms my heart to no end and just shows how special this game is, and to so many people.”

Image credit: Whammy4

While it is clear The Crew Unlimited has had a huge amount of passion and care poured into it, there is one elephant in the room – Ubisoft. What does it have to say about this community project to revive The Crew?

“We often get asked if Ubisoft has commented or acknowledged our project in any way. They have not, but as for The Crew’s developers Ivory Tower, one (alleged) developer has anonymously come out and expressed their and the studio’s gratitude and appreciation for our project,” whammy4 told me when I asked. While the developer chose to stay anonymous, whammy4 said The Crew Unlimited’s team “know for a fact we got supporters over at Ivory Tower”, adding “shoutouts to them all!”.

Whammy4 admitted Ubisoft could shut down the project, but said “causing trouble for anyone is not something we’re looking to do”. They said that “each player has to have their own The Crew game installation, then they install TCU over it to make it playable again”. They added The Crew Unlimited team doesn’t provide any game files. “TCU itself is 100 percent free of charge and always will be, including anything else we may release,” they said.

The Crew – First Roadtrip After The Shutdown. Watch on YouTube

As for what will come next once The Crew Unlimited releases, whammy4 said the community is excited about the modding potential that they will be able to explore. “Now that the game is free from the publisher’s servers and control, we can practically do whatever we want (and can) with the game. Only problem is that this is one hell of a difficult game to work with and modify, but there already are people in the community that are making modding tools, software and documentation in preparation for the game’s revival,” they furthered.

“With a game as rich in its content and features as The Crew, lots of mods could be possible: New cars, new car customisations, map modifications, or entire new areas and parts of the map. Maybe even new races and gamemodes!


“Part of the TCU Project is the ‘TCU Mod’, which aims to restore a lot of the visuals and ambient content that was removed from the game post-launch. It’s still in development, but already features plenty of visual improvements, along with car handling and physics improvements. It’s all just a matter of time and effort.”

Whammy4 said the team ultimately still doesn’t “know where the winds will take us”, but believes the modding “could be incredible” in the future.

“The game already has so much to offer as is, and such a solid base for modding, it’s practically screaming to be modded,” they said. “I personally believe modding is the future of The Crew, that’s how it will live on and be relevant for decades more.”

I asked whammy4 why this Crew project is so important. “Let’s begin with the fact that… we’re basically giving… millions of players their beloved game back,” they replied.

But, it is more than just that. It is also about preservation, something that has been a big topic in recent years. “Sometimes we get dads thanking us for bringing the game back, because they wanted their kids to play it, or continue playing it,” whammy4 said. “I consider video games the ultimate form of art, they are a unison of a variety of different arts – visual arts, music, sound, writing, acting, etc. The Crew is a game that definitely took all of these elements very seriously, and each was done by talented, caring artists.”

They continued: “The original version and vision of the game had a visual direction never seen before or after in gaming, it was designed to look like a moving/dynamic painting, going as far as to have entire visual elements like skies and clouds be hand-painted.”

“This game also has a ton of educational value, about American geography, history (the game features several hundred landmark points with descriptions), even down to geographical and meteorological quirks of the different places of North US, expressed with the mappers’ careful and deliberate work, featuring a large variety of biomes and ecosystems (including lots of different animal types), and a staggering 40+ unique artistic regional weather conditions available in the game (cut down to… two weathers total, in later updates).

“All of this on a huge digital map of the North US, scaled down to 1900 square miles. And to lose all this? Destroy all this work? Take it away from everyone, and bury this game and experience forever? That should be a crime.”

Closing, whammy4 said they believe that thanks to The Crew Unlimited, Ubisoft’s game “will get the recognition and love it deserves”.

The Crew – Original Jump Physics Restored. Watch on YouTube

To stay up to date on how whammy4 and the rest of the team are getting on with The Crew’s preservation project, you can join the revival’s Discord server here. For more, you can also check out The Crew Unlimited’s website.

In Eurogamer’s own review for The Crew, Outside Xbox’s racing aficionado Mike Channel came away impressed. “It’s a game that requires and occasionally enforces patience, but like all great road trips it’s about the journey, not the destination,” he wrote.



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September 5, 2025 0 comments
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A women drops her vote into a wooden box.
GameFi Guides

Nasdaq-Listed Crypto Exchange Group Coincheck Buys Regulated Prime Broker Aplo

by admin September 2, 2025



Japanese cryptocurrency exchange Coincheck, whose Netherlands-based holding company listed the trading platform on the Nasdaq last year (CNCK), has acquired Aplo, a digital asset prime brokerage firm regulated in France by the Autorité des Marchés Financiers (AMF).

The acquisition will help Coincheck, a popular exchange in Japan, expand into Europe, the companies said on Tuesday. The financial terms of the deal were not revealed.

Coincheck was established in Tokyo, Japan, in 2014, having rebranded from an earlier bitcoin wallet and payment company called ResuPress, founded in 2012 by Koichiro Wada and Yusuke Otsuka.

Coincheck Group N.V., which is headquartered in the Netherlands, listed on the Nasdaq late last year via a merger with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP).

As part of the acquisition, all issued and outstanding shares of Aplo will be exchanged for newly issued ordinary shares of Coincheck Group, a transaction expected to close in October 2025, according to a press release.

“Aplo brings us proven technology, expertise recognized by institutional clients in Europe, and a high performance team with an entrepreneurial culture,” said Gary Simanson, CEO of Coincheck Group in a statement.

In addition to being registered under the AMF in France as a Digital Asset Service Provider. Aplo is in the process of obtaining a full crypto asset service provider license under the European Union’s Market in Crypto Assets Regulation (MiCA).



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September 2, 2025 0 comments
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Thunderful Group shareholders approve $5.3 million Atari acquisition
Esports

Thunderful Group shareholders approve $5.3 million Atari acquisition

by admin August 28, 2025


Thunderful Group shareholders have approved a deal that sees Atari becoming the majority shareholder of the Swedish company.

On July 29, 2025, Atari announced it had entered a subscription agreement with Thunderful Group, agreeing to acquire approximately 82% of the game company’s shares for SEK 50 million (approximately $5.3 million) – before deducting related costs.

However, this agreement was subject to approval by Thunderful’s shareholders.

On August 28, 2025, Thunderful Group held an extraordinary general meeting, in which shareholders approved the agreement.

The deal sees Atari buying 333,333,334 Thunderful Group shares at SEK 0.15 each (roughly $0.02), with any amount exceeding the share’s quota value to be allocated to the non-restricted share premium reserve.

The share acquisition agreement must be signed by August 28, 2025, with the payment for the shares to be issued within three banking days in cash.

The signing of the deal makes Atari a majority shareholder of the Thunderful Group, which owns development studios Coatsink, Early Morning Studio, Studio Fizbin, Thunderful Development, and To The Sky, as well as publishers Rising Star Games and Thunderful Publishing.

Atari also recently acquired the IP rights to five Ubisoft titles: Cold Fear, I Am Alive, Child of Eden, Grow Home, and its sequel, Grow Up.

The company said it plans to re-release the games and explore opportunities to expand the titles’ reach through new platforms through”updated formats, new content, and extended distribution channels.”



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August 28, 2025 0 comments
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This Is the Group That's Been Swatting US Universities
Product Reviews

This Is the Group That’s Been Swatting US Universities

by admin August 27, 2025


A self-proclaimed leader of an online group linked to the violent extremist network The Com tells WIRED he is responsible for the flurry of hoax active-shooter alerts at universities across the US in recent days as students return to school.

Known online as Gores, the person says he coleads a group called Purgatory, which is offering its followers a menu of services, including hoax threats against schools—known as swatting—for just $20, while faked threats against hospitals, businesses, and airports can cost up to $50. The group also offered “slashings” and “brickings” for as little as $10, according to a review of the group’s Telegram channel by WIRED, apparently referencing real-world violence.

In recent days, however, as the incidents were reported in the media, the prices have skyrocketed, with a school swatting now costing $95 and brickings costing $35.

The group has been linked to 764, a nihilistic subgroup of The Com that conducts targeted campaigns against children using extortion, doxing, swatting, and harassment. Members of 764 have been accused of everything from robbery to sexual abuse of minors, kidnapping, and murder.

Since the swatting spree kicked off on August 21, around a dozen different universities have been targeted with 911 emergency calls, some having to issue alerts on multiple occasions after receiving multiple hoax calls. Gores tells WIRED that the group had earned around $100,000 since the swatting spree began. WIRED has not independently confirmed that figure.

As well as the confirmation from Gores, two researchers who spoke to WIRED confirmed that they had both listened to the group conducting swatting calls on audio livestreams as they happened in recent days. In at least one case, a researcher was able to intercede and call the targeted institution to inform them that the call was a hoax.

WIRED reviewed recordings of the swatting calls provided by the researchers and has been reviewing the Telegram channel run by Purgatory, where members of the group have been celebrating media coverage of their calls in recent days, including the swatting attempt on the University of Colorado Boulder on Monday afternoon.

Nicole Mueksch, a spokesperson for the University of Colorado Boulder, tells WIRED that the incident remains under investigation, adding that university police are working with “state and federal partners, including the FBI, to explore any potential leads or patterns that may be connected to other recent swatting cases across the country.”

The FBI told The Washington Post that it’s investigating and, in a statement to The New York Times, said it is “seeing an increase in swatting events across the country, and we take potential hoax threats very seriously because it puts innocent people at risk.” The agency did not immediately respond to WIRED’s request for comment.

“Knowingly providing false information to emergency service agencies about a possible threat to life drains law enforcement resources, costs thousands of dollars and, most importantly, puts innocent people at risk,” the FBI added.

The recent swatting spree began on August 21, the same day the current Purgatory Telegram channel was launched. At around 12:30 pm local time that day, the University of Tennessee at Chattanooga received a call claiming an active shooter was on campus. The school was locked down for over an hour before campus police issued an all-clear at 1:51 pm after no threat was found. Hours later, at Villanova University in Pennsylvania, a hoax call forced the school into lockdown as students and faculty took part in the university’s orientation mass to welcome new students.



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August 27, 2025 0 comments
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A Dark Money Group Is Secretly Funding High-Profile Democratic Influencers
Product Reviews

A Dark Money Group Is Secretly Funding High-Profile Democratic Influencers

by admin August 27, 2025


“I’ve spent most of my career researching right-wing media and sounding the alarms about the collapse of our old information environment,” Ellie Langford, the director of programming at Chorus, said on a Zoom call with dozens of creators in June. “Our political systems haven’t been able to figure out a real solution, and I’ve been really excited to see you all treading the path forward. I deeply, deeply believe that the work you all are doing is what’s going to make the difference in supporting and frankly resuscitating our democracy.”

Already, creators in the program are creating content together. In a new weekly series titled “Good News in Politics,” six creators in the program shared a collaborative video running through political wins. “Follow these creators bringing you hope instead of doomscrolling: @sander_jennings, @eorlins, @jesscraven101, @tono.latino, @gemma_talks, @thezactivist,” they posted.

While some creators have been eager to work with Chorus, others distrust the organization. This spring, Chorus faced a wave of backlash from prominent content creators whose images were included in the firm’s fundraising decks without permission. “I was included on some [of Chorus’] decks like, ‘We have access to V,’ when you do not,” said V Spehar, a liberal content creator with over 3.5 million followers on TikTok.

The faces of several well-known influencers were featured prominently on the Chorus website beneath a giant DONATE button. However, users who clicked the button were taken to a fundraising page for Chorus instead of anywhere their dollars would go directly to the creators featured.

Progressive YouTuber and former Media Matters staffer Kat Abughazaleh, who’s running for Congress in Illinois, was pictured on Chorus’ website and included in fundraising decks without her consent. She asked that her image and name be removed and no longer used for fundraising purposes.

Spehar and other content creators have accused Chorus of attempting to establish themselves as a gatekeeper to Democratic political leaders. “What we need is for people to invest in independent media, and that doesn’t necessarily mean investing in a consulting group that is going to become a middleman for independent media,” says Spehar.

Several influencers who doggedly defended Chorus throughout that controversy, including Elizabeth Booker Houston, a Democratic comedian and content creator on Instagram, and Allie O’Brien, a progressive creator with more than 600,000 followers on TikTok, were involved in membership talks for the highest-paid tier in Chorus’ new creator incubator program. (Houston did not respond to requests for comment; O’Brien declined to comment.)

Still, some creators heard about The Sixteen Thirty Fund and Chorus funding initiative and applied to join.

One creator named Chesko, who goes by @thespeechprof online, applied to join the program because he viewed it as an “opportunity to get access to people that have funding or backing and actual research that I could use,” he says.

Ultimately, he wasn’t accepted and received an email on June 26 rejecting his application. “We are planning to bring more creators into the Incubator program in the near future,” Chorus wrote.





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August 27, 2025 0 comments
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JuCoin launches new feature that turns trading losses into computing power
NFT Gaming

Monex Group considers launching yen-pegged stablecoins

by admin August 27, 2025



Japanese financial services company Monex Group is mulling over whether to issue yen-pegged stablecoins amidst the wave of stablecoin adoption sweeping the globe.

Summary

  • Monex Group is considering launching a yen-pegged stablecoin, following in JPYC’s footsteps.
  • The financial services company is also eyeing an expansion into Europe by acquiring a crypto company.

In an interview with TV Tokyo, Monex Group Chairman Oki Matsumoto said that the financial services company is considering launching a yen-pegged stablecoin. If the firm decides to issue yen-backed tokens, it would be backed by assets such as Japanese government bonds.

“Issuing a stablecoin requires significant scheming and capital, but if we don’t handle it, we won’t be able to keep up with the times. We will respond appropriately,” said Matsumoto in his statement to the media outlet.

According to Matsumoto, the stablecoins will be backed by real assets on a 1:1 ratio and is meant to facilitate cross-border and corporate payments. The company aims to expand its business by utilizing the customer bases of Coincheck and Monex Securities, two of its owned operators linked to Japan’s largest cryptocurrency exchanges.

Earlier this month, the Financial Services Agency approved the first yen-pegged stablecoin issued by fintech startup JPYC. The stablecoin, also named JPYC, is expected to make its roll-out the first official digital currency tied directly to the local fiat.

Moreover, the firm would allow for individuals and institutions to purchase stablecoins using Japanese yen by registering and immediately receiving the asset on their digital wallets.

In addition, a subsidiary of SBI Holdings and the second-largest Japanese bank Sumitomo Mitsui Banking Corporation also announced they would begin joint discussions on the distribution of stablecoins.

Monex Group eyes European acquisition

During the interview, Monex Group Chairman Oki Matsumoto also revealed that the company is also considering the possibility of acquiring a European crypto-focused company. He stated that the firm will reveal more details through an announcement sometime in “the next few days.”

According to Matsumoto, his strategy involves making global acquisitions and then leveraging synergies in the domestic cryptocurrency business, aiming to differentiate Monex Group from domestic competitors.

In December 2024, Matsumoto acquired Coincheck Group, a cryptocurrency exchange, which became a publicly-listed company on the Nasdaq market. He stated that he would accelerate his acquisition efforts.



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August 27, 2025 0 comments
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GameFi Guides

Chainlink Teams Up With Japan’s SBI Group: Could This Deal Ignite the Next Tokenization Wave?

by admin August 25, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Chainlink, the leading blockchain oracle network, has announced a unique partnership with Japan’s SBI Group, a financial giant managing over $200 billion in assets.

The collaboration is set to accelerate the adoption of tokenized real-world assets (RWAs), stablecoins, and blockchain-powered cross-border payments in Japan and across the Asia-Pacific region.

SBI, with its deep financial expertise, and Chainlink, known for its interoperability protocols and trusted oracles, aim to build the institutional-grade infrastructure needed to bring traditional finance closer to blockchain.

This comes as demand for tokenized securities grows, an SBI Digital Asset Holdings survey revealed 76% of financial institutions are ready to invest in tokenized assets but are held back by weak infrastructure.

SBI and Chainlink to Power Stablecoins and Cross-Border Payments

The partnership’s first focus will be tokenization of real estate and government bonds, powered by Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This will allow institutions to transfer tokenized assets seamlessly across multiple blockchains while ensuring regulatory compliance.

Chainlink’s SmartData will also enable on-chain publishing of net asset value (NAV) data for tokenized funds. This innovation enhances liquidity, transparency, and efficiency for fund managers.

Stablecoins are another key area of collaboration. By integrating Chainlink’s Proof of Reserve, the partnership ensures that stablecoin reserves can be verified in real time, strengthening transparency and trust in settlement systems.

Additionally, SBI and Chainlink plan to build payment-versus-payment (PvP) settlement solutions for foreign exchange and global transfers, eliminating the need for an intermediary bridge currency.

LINK’s price trends to the downside following a major push upwards on the daily chart. Source: LINKUSD on Tradingview

Institutional Adoption: Chainlink and SBI’s Global Vision

Chainlink co-founder Sergey Nazarov emphasized that SBI’s adoption of Chainlink infrastructure is a strong signal that blockchain is entering a large-scale production phase. He explained that earlier pilots in tokenization and stablecoin settlement are now maturing into real-world financial applications.

SBI CEO Yoshitaka Kitao echoed this view, calling Chainlink a “natural partner” for building secure, compliant systems for cross-border finance.

The partnership builds on prior collaborations, including Project Guardian in Singapore, where SBI, Chainlink, and UBS Asset Management tested automated fund services using smart contracts.

With Japan’s regulatory space warming up to digital assets and stablecoins, this partnership could mark a turning point for institutional adoption in Asia, potentially igniting the next big wave of tokenization worldwide.

Cover image from ChatGPT, LINKUSDC chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 25, 2025 0 comments
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Price Falls Despite Major SBI Group Partnership
Crypto Trends

Price Falls Despite Major SBI Group Partnership

by admin August 25, 2025



Native token of oracle network Chainlink LINK$24.20 declined in tandem with the broader crypto market despite a fresh partnership with Japanese financial giant SBI Group.

LINK declined to $24.4, down more than 6% over the past 24 hours, CoinDesk data shows. That’s a sharp reversal from the Friday’s year-to-date peak over $27.

The downward trajectory accelerated through successive trading sessions with persistent lower peaks, whilst the concluding hour exhibited stagnation with negligible volume, suggesting potential consolidation, according to CoinDesk Research’s technical analysis model.

On the news side, SBI Group, one of Japan’s largest financial conglomerates, said on Monday it has teamed up with Chainlink to develop tokenized assets and stablecoin solutions in Japan, with future plans to expand into other Asia-Pacific markets.

SBI will use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to support transactions across different blockchains while maintaining compliance. The firms will also test tokenized funds by bringing net asset value data on-chain and explore payment-versus-payment settlement for foreign exchange and cross-border transactions. Chainlink’s Proof of Reserve will be used to verify stablecoin reserves.

SBI and Chainlink have previously collaborated under Singapore’s Project Guardian, a Monetary Authority of Singapore (MAS) initiative exploring blockchain use in finance.

Technical Indicators Analysis

  • Resistance established at $26.61 with sharp reversal upon elevated volume activity.
  • Critical support emerged at $24.37 with purchasing interest.
  • Extraordinary volume of 7,850,571 units during peak volatility, substantially exceeding 24-hour average of 2,687,393.
  • Systematic lower peak formations indicating bearish momentum acceleration.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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August 25, 2025 0 comments
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