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Japan’s SBI Holdings Joins Tokenized Stock Push With Startale Joint Venture

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Japanese financial giant SBI Holdings is moving into the red-hot tokenized stock market through a joint venture with Singapore-based blockchain development firm Startale.

The companies plan to build an on-chain platform designed for trading tokenized equities and real-world assets (RWAs), they announced on Friday.

The step puts SBI alongside a growing roster of major players experimenting with tokenized stocks. Robinhood and several crypto exchanges including Kraken, Gemini started offering blockchain-based versions of publicly traded shares.

SBI, which oversees more than 11 trillion yen ($74 billion) in assets and has over 65 million customers globally, sees asset tokenization as a major shift in global markets.

“We predict that this movement will eventually lead to the digitalization of capital markets themselves, including exchanges,” Yoshitaka Kitao, president and CEO of SBI Holdings, said in a statement.

The joint venture will focus on 24/7 trading of tokenized U.S. and Japanese stocks with near-instant settlement, the press release said. Features are expected to include fractional ownership, institutional-grade custody and real-time compliance monitoring.

“This platform will be highly interoperable, always open, accessible to anyone, and designed to meet the needs of users worldwide in the global market,” Yoshitaka Kitao said.

Startale previously developed Soneium, an Ethereum layer-2 network, with Japanese tech giant Sony.

Read more: DBS Launches Tokenized Structured Notes on Ethereum, Expanding Investor Access



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Crypto Groups Push Back on Bank Lobby Over GENIUS Act
Crypto Trends

Crypto Groups Push Back on Bank Lobby Over GENIUS Act

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Two of the crypto industry’s leading advocacy bodies are pushing back against Wall Street bankers’ latest attempt to roll back the United States’ newly minted stablecoin law.

In a joint letter to the Senate Banking Committee on Tuesday, the Crypto Council for Innovation (CCI) and the Blockchain Association urged lawmakers to reject recommendations from the American Bankers Association (ABA) and state banking groups.

As reported, several US banking groups, led by the Bank Policy Institute (BPI), have urged Congress to tighten the GENIUS Act by closing what they call a loophole that could allow stablecoin issuers and their affiliates to pay yields indirectly.

In a letter sent last Tuesday, the groups warned that failing to address the gap could drain as much as $6.6 trillion from traditional bank deposits, threatening the flow of credit to households and businesses.

Banking lobby on stablecoins yield loophole. Source: Bank Policy Institute

Related: Coinbase revives stablecoin bootstrap fund to boost USDC in DeFi

Stablecoin yield loophole

The bankers also argued that while the GENIUS Act bans stablecoin issuers themselves from offering yield, it does not explicitly prevent exchanges or affiliates from doing so on their behalf. They claimed this risks giving stablecoins a competitive edge by attracting users with returns similar to savings accounts, without subjecting them to the same banking rules.

The crypto groups accused the banking lobby of trying to re-litigate issues already settled in months of negotiations, warning that the proposed revisions would tilt the field toward traditional banks while stifling innovation and consumer choice.

“Payment stablecoins are not bank deposits, or money market funds, or investment products, and thus they are not regulated in the same way,” the crypto advocacy groups wrote. “Unlike bank deposits, payment stablecoins are not used to fund loans,” they added.

The letter pointed out Section 16(d) of the law, which allows subsidiaries of state-chartered institutions to conduct stablecoin business across state lines without requiring additional licenses.

Banking groups want the clause repealed, but CCI and the Blockchain Association argued that scrapping it would re-create “the same fragmented, balkanized regulatory regime that stifles interstate commerce.”

They also pushed back against claims that yield-bearing stablecoins could drain deposits from community banks. They cited a July 2025 analysis by Charles River Associates, which found no significant link between stablecoin growth and bank outflows.

Related: South Korea readies stablecoin framework; bill set for October

Yield stablecoins cross $800 million in payouts

Yield-bearing stablecoins have distributed over $800 million in total returns to holders so far, according to a recent post by StableWatch. Over the past 30 days, Ethena Staked USDe (sUSDe) led payouts with $30.71 million, followed by Securitize’s BUIDL at $8.39 million and Sky Ecosystem’s staked USDe (sUSDe) with $6.78 million.

Stablecoins yield payout. Source: Stablewatch

The total market cap of stablecoins currently sits at $288 billion, a fraction of the US dollar money supply, which the Federal Reserve reported as $22 trillion at the end of June.

Magazine: Bitcoin vs stablecoins showdown looms as GENIUS Act nears



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Meta Breaks Up AI Lab as Part of Superintelligence Push

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In brief

  • Meta will restructure the Superintelligence Labs into four new AI-focused divisions.
  • An internal memo reveals that AI chief Alexandr Wang will lead one of the new units.
  • Zuckerberg says Meta is committed to leading in the race toward AI superintelligence.

Meta is breaking up its AI Superintelligence Labs into four divisions focused on research, infrastructure, and product development, part of a broader effort to accelerate progress toward so-called superintelligence.

Meta’s chief AI officer, Alexandr Wang, said in the memo that the Superintelligence Labs will be divided into smaller units focused on AI research, infrastructure, hardware, product integration, and the company’s long-term superintelligence goals.

“Superintelligence is coming, and in order to take it seriously, we need to organize around the key areas that will be critical to reach it,” Wang wrote, according to an article on Bloomberg, which first reported the story.

Meta confirmed the reorganization in an email to Decrypt, but declined to provide further details.



The restructured Meta Superintelligence Labs (MSL) will include four groups:

  • TBD Lab, led by Wang
  • FAIR (Fundamental AI Research)
  • Products and Applied Research, led by former GitHub CEO Nat Friedman
  • MSL Infra, which will oversee Meta’s AI infrastructure

The shake-up follows an aggressive hiring spree in which Meta poached top talent from firms like OpenAI, Anthropic, GitHub, and Google DeepMind. In June, Meta invested $14 billion in Scale AI, naming Wang—Scale’s CEO—as Meta’s new chief AI officer. That same month, OpenAI CEO Sam Altman accused Meta of offering $100 million in job packages to lure his staff.

According to a separate New York Times report, which cited sources familiar with the matter, some executives are expected to leave following the restructuring. Meta is also reportedly considering integrating third-party AI models into its products, marking a shift from its past reliance on in-house AI development.

CEO Mark Zuckerberg has made AI and, more recently, achieving superintelligence central to Meta’s long-term vision. In the company’s second-quarter earnings call, CFO Susan Li said capital expenditures could hit $72 billion by year’s end, driven largely by AI-related infrastructure.

In a recent post, Zuckerberg doubled down on Meta’s push toward superintelligence.

“I am extremely optimistic that superintelligence will help humanity accelerate our pace of progress,” he wrote. “But perhaps even more important is that superintelligence has the potential to begin a new era of personal empowerment where people will have greater agency to improve the world in the directions they choose.”

Generally Intelligent Newsletter

A weekly AI journey narrated by Gen, a generative AI model.



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GameStop’s Bitcoin push echoes Strategy, but without the cushion
Crypto Trends

GameStop’s Bitcoin push echoes Strategy, but without the cushion

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GameStop just secured another $450 million in its debt-fueled sprint toward becoming a Bitcoin-heavy treasury, bringing its total capital raise to $2.7 billion. But unlike Strategy, the company is doing so with a retail business in free fall.

According to a recent filing with the U.S. Securities and Exchange Commission, video game retailer GameStop (GME) secured an additional $450 million through the full exercise of a “greenshoe” option tied to its $2.25 billion convertible notes offering earlier this month.

The offering brought GameStop’s total capital raise to $2.7 billion, a war chest it says will fund corporate investments, including inquiring Bitcoin (BTC) as a treasury reserve asset.

A strategic imitation or reinvention in motion?

GameStop’s aggressive pivot to Bitcoin echoes a now-familiar playbook. The company’s recent filings reference an “investment policy” that includes acquiring BTC as a treasury reserve asset.

That language mirrors the model pioneered by Michael Saylor’s Strategy, which began stockpiling Bitcoin in 2020 amid macroeconomic uncertainty and balance sheet stagnation. However, the divergence is just as important as the resemblance.

Where Strategy was a steady, if unexciting, software firm when it began buying BTC, GameStop is a declining retailer. Strategy’s core revenue has shrunk modestly, down 6.2% year-over-year, but the business remains intact.

Its Bitcoin strategy has massively inflated its balance sheet, with information on its website showing total assets have ballooned from $2.4 billion in 2022 to over $43 billion as of Q1 2025. That’s a 591% annual increase.

Additionally, the Tysons Corner, Virginia-based firm has more than tripled its stock price, largely untethered from the fundamentals of its core enterprise software revenue.

By contrast, GameStop’s fundamentals are deteriorating. Q1 2025 revenue dropped 17%, and the company closed over 400 stores. The collectibles segment and a leaner retail footprint helped produce a $44.8 million net profit in Q1, but the long-term growth trend remains negative. That makes the Bitcoin pivot feel less like vision and more like a gamble.

Market reactions remain jittery. GME shares plunged 20% after the initial convertible note announcement in June, barely a month after its first Bitcoin acquisition. Unlike MSTR, which has historically traded at a premium to its BTC holdings, GME has yet to build that investor confidence.

The make-or-break factor: Bitcoin’s price

Strategy’s success relied on Bitcoin’s bull runs. Its $70,681 average cost basis versus the current $107,798 BTC price means even a significant crash wouldn’t wipe out gains. GameStop, however, entered the race when Bitcoin was trading above $108,000 in May, leaving almost no margin for error.

Worse, GameStop’s $1.48 billion in long-term debt, per Q1 filings, demands constant market access. If Bitcoin stagnates or dips, the company could face a liquidity crunch, something Strategy avoided by front-running the 2021 and 2024 rallies.



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From Coffee To Crypto Us Lawmakers Push To Use Bitcoin For Daily Life
GameFi Guides

From Coffee to Crypto US Lawmakers Push to Use Bitcoin for Daily Life

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Senator Cynthia Lummis and ex-Congressman Mike Rogers aim to simplify the use of Bitcoin for ordinary transactions, such as purchasing coffee or groceries. At present, even small-scale Bitcoin deals may call for tax reporting, which many find too complex and deters users from making Bitcoin an integral part of their daily lives.

They recently assisted in passing the GENIUS Act, a bill that is aimed at making stablecoins have well-defined rules. The act wants to safeguard consumers without inhibiting innovation. It makes sure that firms that issue the digital coins abide by good rules and have sufficient financial buffers.

While the GENIUS Act is a big achievement, Lummis and Rogers say it’s just the beginning. They believe Congress must also create clear definitions for different types of digital assets. Some digital assets should be treated like commodities (such as gold), while others should be treated like securities (such as stocks). This would help businesses know which rules to follow and give regulators more clarity.

States such as Wyoming and Michigan are already at the forefront of crypto-friendly legislation. Michigan just recently enacted a “Cryptocurrency Bill of Rights” and suggested establishing a state government-run crypto reserve. Wyoming has enacted more than 30 crypto-specific laws, demonstrating how states can be quicker than the federal government.

The lawmakers also want to end “double taxation” on Bitcoin, such as taxes both when it’s mined and when it’s sold. They’re pushing to fix corporate tax rules that currently hurt Bitcoin holders.

Also Read: Senator Lummis Says Flawed Tax Rules Unfairly Target Bitcoin



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Bitcoin options worth nearly $3B to expire on June 13
NFT Gaming

KindlyMD, Nakamoto secure $51.5m more for Bitcoin push

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Utah-based telehealth provider KindlyMD is now channeling millions into Bitcoin via its expected merger with Nakamoto. The latest $51.5 million PIPE round proves investors are all-in on the crypto pivot, even as skeptics question the long-term play.

KindlyMD and Nakamoto Holdings, the Bitcoin (BTC)-focused investment firm founded by David Bailey, announced on June 20 that they have secured an additional $51.5 million in PIPE financing, bringing their total committed capital for Bitcoin treasury accumulation to $763 million.

The latest round, priced at $5 per share in KindlyMD stock, was fully subscribed in under 72 hours, signaling strong institutional interest despite broader market uncertainty.

“Investor demand for Nakamoto is incredibly strong. This additional financing was raised in under 72 hours, adding the option for more working capital in addition to acquiring bitcoin. We continue to execute our strategy to raise as much capital as possible to acquire as much bitcoin as possible,” David Bailey, Founder and CEO of Nakamoto, said.

According to the statement, KindlyMD will use the funds to purchase Bitcoin and bolster working capital once its expected merger with Nakamoto closes following shareholder approval.

Nakamoto’s latest capital raise is part of a broader trend: corporations are stockpiling Bitcoin at an unprecedented pace. The number of companies executing formal Bitcoin treasury strategies now exceeds 220, according to public filings and data from BitcoinTreasuries.net.

That list includes Strategy, the Michael Saylor-led firm that pioneered corporate BTC accumulation during the pandemic, as well as relative newcomers like Semler Scientific and Metaplanet, which are deploying capital into BTC as both a treasury reserve and a long-term hedge against inflation and currency debasement.

However, while institutional investor appetite for Bitcoin continues to rise, analysts warn that BTC-focused corporate treasuries pose various risks, including liquidity concerns, regulatory uncertainties and crypto market’s notorious volatility, which can force firms to sell at a loss in bear markets.



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JD.com’s global stablecoin push aims to shave days off cross-border payments
NFT Gaming

JD.com’s global stablecoin push aims to shave days off cross-border payments

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With a push for stablecoin licenses worldwide, JD.com Chairman Liu Qiangdong wants fiat-pegged tokens to do what banks can’t: settle in seconds. His vision calls for 10-second settlements across continents, anchored in licensed stablecoins and JD’s own e-commerce empire.

Technology-driven eCommerce company JD.com is reportedly seeking stablecoin licenses across major economies, with Chairman Liu Qiangdong revealing plans to revolutionize cross-border payments during a June 17 corporate sharing session.

In a Monday briefing reported by Sina Technology, Qiangdong laid out an ambitious plan to leverage blockchain-based stablecoins to slash international transaction times from days to seconds, while reducing costs by 90%. If successful, the move would pose the first real challenge in decades to SWIFT’s stranglehold on global corporate transactions.

“Now it takes an average of 2 to 4 days to transfer money between companies, and the cost is quite high. After we complete the B-end payment, we will penetrate into the C-end payment. We hope that one day everyone can use JD stablecoin to pay when consuming around the world,” Liu Qiangdong said.

JD.com’s stablecoin ambitions didn’t emerge in a vacuum. Through its subsidiary Jingdong Technology, the company has quietly operated within Hong Kong’s fintech sandbox since Q1 2024, piloting stablecoin use cases for cross-border supplier payments.

At the core is Zhizhen Chain, JD’s proprietary blockchain platform, which already handles over $7 billion annually in supply chain finance transactions. Unlike speculative crypto projects, JD’s approach mirrors Ant Group’s methodical strategy: deploy blockchain internally first, then monetize the rails.

JD.com now joins a high-stakes race with Chinese rival Ant Group, which is pursuing its own Hong Kong stablecoin license, and Western giants testing the waters. Amazon has reportedly explored a stablecoin for marketplace settlements, while Walmart’s blockchain patents suggest similar plans.

But JD’s advantage lies in its captive ecosystem. With nearly 600 million active users and a logistics network spanning 20 countries, it could onboard merchants to its stablecoin by mandate, much like Alipay dominates Chinese payments.



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Ripple’s legal moves could push XRP to 10x gains: Can it beat memecoins?
NFT Gaming

Ripple’s legal moves could push XRP to 10x gains: Can it beat memecoins?

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

XRP’s recent moves have bulls eyeing a 10x rally, but a cheeky new challenger, Angry Pepe Fork, could steal the spotlight with meme-powered momentum and real token utility.

The latest SEC moves, asking for a 2-month delay in the current SEC-XRP case, are a sigh of relief for crypto traders and for XRP. Now, optimistic bulls are even calling for 10-fold gains as banks and big funds scramble to tap speedy, low-cost cross-border payments powered by the XRP network.

Yet while that is to materialize, a fresh arrival – Angry Pepe Fork (APORK) is quietly building a story that some holders think could outshine XRP’s resurgence. Let us check out more about this new altcoin. But first, let’s get straight to XRP’s comeback story: 

XRP court moves opens institutional doors

The green light from the US SEC should unleash trapped demand from family offices, hedge funds, and payment outfits already piloting Ripples On-Demand Liquidity corridors. Even if a fraction of the multiple trillion-dollar global remittance pie moves through XRP, a 10-fold jump from today’s price isn’t pure fantasy. 

Credits: CoinMarketCap

With top exchanges drafting relisting schedules, institutional squads are staring at staggering upside. XRP currently sits at $2.32 and has had an exceptional past year. It has broken all records by growing over 370% in the past twelve months. If regulatory clarity comes in, it could expect something similar even in the coming days.  

Angry Pepe Fork

Still, investors hunting for outsized returns shouldn’t overlook the memecoin sector entirely, especially when the entry cost is so low. Angry Pepe Fork is doing just that. Launched via a hot presale at $0.0269 per token, APORK marries Pepe’s viral energy with mechanisms that reward holders and developers alike:

Presale details:

Start Date: June 9, 2025

Price: $0.0269 per APORK

Supply: 1.9 billion total tokens, with 380 million allocated to presale

Funding Caps: $4 million soft cap to launch; $10 million hard cap to avoid oversaturation

Deflationary mechanics:

Every win on the forthcoming GambleFi mini-game burns some APORK, slowly trimming supply and backing long-term value. This makes sure that as the demand for the coin grows organically, investors will make huge profits. 

CommunityFi rewards:

Through the CommunityFi system, active supporters earn bonus tokens for tweeting updates, memeing or referring friends, converting organic hype into real profit.

Multi‑chain launch:

Once the presale wraps, APORK will debut on Ethereum, BNB Smart Chain, and Solana, giving everyone a seat at the table and spreading liquidity so fees stay low.

With a hard cap, regular burns, community rewards, cross-chain presence, and eye-popping presale returns, Angry Pepe Fork fuses classic meme fun with real earning power, a fresh alternative to both legacy coins and casual meme tokens.

Conclusion

Sure, XRP’s new legal breathing room might ignite a ten-fold jump, and its corporate use-cases look bulletproof. Still, wise portfolios will have a mix of both XRP’s reliability and APORK’s ability to generate heavy returns.

For traders who can tolerate a little risk in exchange for big, double-digit moves, Angry Pepe Fork’s presale stands out. By eyeing both XRP and APORK, investors can enjoy institutional acceptance in the crypto world while also tapping next-level meme creativity and utility.

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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Pakistan Gains Support From Michael Saylor In Crypto Push
GameFi Guides

Pakistan Gains Support from Michael Saylor in Crypto Push

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Pakistan is making big moves to embrace cryptocurrency, and it got a boost when Michael Saylor, a major figure in the crypto world and head of strategy (formerly MicroStrategy), discussed with Pakistan’s Finance Minister Muhammad Aurangzeb and State Minister for Blockchain and Crypto, Bilal Bin Saqib, on Sunday. 

They talked about how Pakistan could use Bitcoin as part of its national financial reserves and how to create rules for cryptocurrencies. Saylor, whose company owns $61 billion worth of Bitcoin, offered to help as an advisor. In a video posted on X, Saylor said Pakistan has talented people and great business potential. He used his company’s success with Bitcoin as an example of how Pakistan could lead in the crypto world. 

He believes that if Pakistan shows strong leadership and a clear plan, investors will trust the country and send money its way. Pakistan is already taking steps to support crypto. In March, it created a Crypto Council to make rules for digital currencies, and on June 6, the council shared a draft of these rules. The government is working to approve them quickly. 

This shows Pakistan’s commitment to becoming a leader in cryptocurrency, especially among developing nations. The Finance Ministry has committed to fast-tracking its approval. Saqib, also an advisor to World Liberty Financial, a crypto platform linked to US President Donald Trump, stressed Pakistan’s potential to emulate Strategy’s Bitcoin acquisition model, saying, “If private individuals can build that in the US, why can’t Pakistan, as a nation, do the same?”

Aurangzeb underscored Pakistan’s goal to lead the Global South in digital asset adoption, positioning the country as a Web3- and Bitcoin-ready emerging market. Michael Saylor’s support is a big deal for Pakistan as it works to create strong rules for cryptocurrencies.

Bilal Bin Saqib, a key official, said Pakistan’s talented people and enthusiasm are major strengths. As Pakistan pushes forward with its crypto plans, the world may start seeing it as a leader in the digital money space.

Also Read: Michael Saylor Says Bitcoin Is Going to $1 Million, Not Zero



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Shiba Inu
Crypto Trends

Can The Shiba Inu Developer Push SHIB Price To $0.01? Expert Responds

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

The vision of Shiba Inu (SHIB) reaching $0.01 has long been a carefully nurtured dream within its community—one rooted in both hope and strategic belief. Supporting this vision, a crypto market expert is convinced that Shiba Inu could ultimately reach the $0.01 bullish target. However, the catalyst behind this explosive price increase reportedly involves the Shiba Inu developer and the series of groundbreaking developments he has allegedly planned for the meme coin’s evolving ecosystem. 

Shytoshi Kusama And The Shiba Inu $0.01 Dream

A prominent crypto analyst, Luis Delgado, on X (formerly Twitter), has sparked speculation across the Shiba Inu community, claiming that Shytoshi Kusama, the lead developer of the SHIB ecosystem, still has “several aces up his sleeve.” According to the market expert, these supposed behind-the-scenes developments could act as bullish catalysts, potentially triggering a dramatic shift in the crypto space once revealed. 

Delgado’s cryptic message, which concluded with the tag “#1CentDreanSHIB,” has ignited fresh discussions around the long-standing community ambition of seeing Shiba Inu reach the $0.01 mark—a dream that has fueled investor passion since the meme coin’s early rise. While the analyst did not disclose specifics, the statement about Kusama hints at strategic upcoming developments, innovations or even partnerships yet to be deployed within the Shiba Inu roadmap. 

With past initiatives such as the Shibarium layer-2 solution, the ShibaSwap Decentralized Exchange (DEX), and the SHIB metaverse laying foundational infrastructure, the stage appears set for the next wave of innovative ecosystem expansions. These prior efforts and milestones have not only strengthened SHIB’s utility and growth but also signaled a long-term vision—one that may soon be accelerated by the Shiba Inu developer’s anticipated plans. 

Although $0.01 is an ambitious target for Shiba Inu due to its currently low price, confidence and optimism surrounding the possibility continue to grow within the community. If the analyst’s claim of upcoming developments materializes, they could serve as powerful launchpads to propel SHIB’s next breakout phase. For now, all eyes remain on Kusama and his next moves, despite his continued silence on social media since May 29, 2025.  

$0.01 May Be A Dream, But Analyst Says $0.00023 Could Happen

‘Crypto SHIB,’ a market analyst and dedicated SHIB supporter, has just issued a bullish forecast, projecting that the second-largest meme coin could be on the verge of a massive 17X surge in the near future. The analyst maintains strong confidence in SHIB’s future outlook, urging traders and investors to “just hold and be patient.” 

Notably, a 17x surge from the Shiba Inu price, which is currently sitting at $0.000011, would propel it to an impressive $0.00023 high. This target is significant, as it effectively eliminates a zero from SHIB’s value and positions the meme coin well above its current all-time high near $0.000088, achieved during the bull run in October 2021.

SHIB trading at $0.000011 on the 1D chart | Source: SHIBUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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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