Cryptic - Announcements

Robinhood Chain crossed $300 million in TVL just 20 days after launching its mainnet, making it one of the fastest-growing blockchain launches of the year. The network's early growth has been fueled by Robinhood's distribution, rising memecoin activity, and growing interest in tokenized assets, showing how a strong ecosystem can accelerate blockchain adoption. Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media

The number of active venture capital firms in crypto has fallen to its lowest level since November 2020. As of July 28, only 150 unique VCs had participated in crypto funding rounds, marking a sharp decline in investor activity.

A new malware strain called SparkKitty is targeting crypto holders by scanning photo galleries on infected iPhones and Android devices for screenshots of wallet recovery (seed) phrases. Check Point Research says it has been found in apps distributed through the Apple App Store, Google Play, and third-party app stores. Disguised as legitimate crypto apps, messaging platforms, and entertainment apps, the malware requests access to users' photo libraries, searches for seed phrases and other sensitive information, then uploads the stolen data to attacker-controlled servers. Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media

Tether has signed an MOU with the Nairobi Securities Exchange to explore tokenized securities and the use of USDT for settlement infrastructure. The collaboration will evaluate Hadron for tokenizing securities, alongside blockchain market infrastructure, instant settlement, and digital asset education, as Kenya explores the next phase of capital market modernization. Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media

FTX is beginning approximately $900 million in creditor payouts today as part of its fifth distribution round, bringing total repayments to nearly $10 billion since the exchange collapsed in 2022. Most eligible creditors are receiving more than 100% of their original claims, with smaller accounts receiving up to 120%. Payments will be distributed through BitGo, Kraken, and Payoneer to creditors who completed KYC verification, tax documentation, onboarding with an approved distribution provider, and sanctions screening by the June 16 record date. FTX said creditors who did not complete these requirements will not be included in this distribution. Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media

Solana's tokenized real-world asset ecosystem has surpassed $3.7 billion in total value, according to RWA.xyz. The milestone underscores growing adoption of tokenized treasuries, equities, commodities, and other real-world assets as institutional interest in onchain finance continues to accelerate. Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media

Fintech giant KSNET has signed an MOU with the Solana Foundation to integrate Solana Pay across its network of 330,000+ merchants, which processes around $4 billion in monthly payment volume. The move could significantly expand real-world payment use cases for Solana in one of Asia's largest fintech markets. Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media

South Korea has reaffirmed its plan to introduce a crypto tax starting January 1, 2027. The measure will impose a combined tax of up to 22% on annual crypto gains above 2.5 million won ($1,740). Originally scheduled for 2022, the tax has been delayed several times, but the government now says it intends to move forward as planned. Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media

📊 Top Memecoins by Weekly Performance 🥇 $BABYCLAW 🥈 #金蝶圣甲 🥉 $BULLA 4️⃣ $ONION 5️⃣ $67 Stay updated with more crypto news and insights by checking out our blog: https://bit.ly/3OSIzQS

Michael Saylor says governments can accelerate Bitcoin adoption or delay it, but they can't stop it.

Binance has launched gold and silver options, becoming the first major crypto exchange to offer commodity options through its ADGM-regulated entity. Retail traders can only take long positions, eliminating liquidation risk, while institutional users can write options. Both commodity options and perpetuals are accessible from the same USDT balance within a standard Binance account. Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media

PayPal says it is expanding into stablecoins, agentic payments, digital identity, and biometric technologies as it builds on its existing payments network and risk infrastructure. The company also reported an $81 million crypto-related earnings adjustment in Q2, while posting $8.68 billion in revenue, beating analyst expectations. Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media

BNY is bringing its $8.6 trillion transfer agency business onto the blockchain, moving fund ownership records and trade processing onchain. The platform will support 7.6 million accounts, with Baillie Gifford, BlackRock, and Dreyfus among its first users, marking one of Wall Street's largest blockchain deployments for tokenized fund infrastructure. Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media

Why is South Korea's Stock Market Crashing? 🇰🇷📉 The KOSPI has plunged nearly 40% in just six weeks, wiping out an estimated $2.18 trillion in market value and triggering back-to-back circuit breakers for the first time in history. Today, the KOSPI fell as much as 6% from its intraday high, extending one of its sharpest selloffs in recent history. The decline accelerated after investors reacted negatively to SK Hynix's strong earnings, as results failed to meet lofty expectations. Margin calls, profit-taking, and leveraged ETF liquidations further intensified the selloff. South Korean officials have since convened an emergency meeting and are considering additional measures to stabilize the market, including tighter restrictions on leveraged ETFs. Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media

Tokenized equity holders have reached a record 759,000, according to RWA.xyz. The holder count is up 92% over the past 30 days and 522% year-to-date, highlighting accelerating adoption of tokenized equities as blockchain-based access to traditional stocks continues to expand. Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media

Binance.US plans to apply for a CFTC Designated Contract Market (DCM) license next month as it looks to expand into prediction markets. If approved, the license would enable Binance.US to offer event-based contracts tied to outcomes such as elections, sports, and cryptocurrency prices. The move is part of the exchange's broader comeback strategy, which also includes lower trading fees and expanding into perpetual futures. Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media

MoonPay has launched PayBox, a payment vault for ChatGPT and Claude. The product allows AI assistants to initiate payments and execute blockchain transactions while requiring user approval before any transaction is completed. PayBox launches with Solana support as MoonPay expands into AI-powered commerce. Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media

The SEC will host a September 17 roundtable to discuss preparations for 24-hour trading in U.S. equity markets. The discussion will bring together regulators, market participants, and the public as the industry moves closer to making round-the-clock stock trading a reality in the United States. Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media

The number of active venture capital firms in crypto has fallen to its lowest level since November 2020. As of July 28, only 150 unique VCs had participated in crypto funding rounds, marking a sharp decline in investor activity.

A new malware strain called SparkKitty is targeting crypto holders by scanning photo galleries on infected iPhones and Android devices for screenshots of wallet recovery (seed) phrases. Check Point Research says it has been found in apps distributed through the Apple App Store, Google Play, and third-party app stores. Disguised as legitimate crypto apps, messaging platforms, and entertainment apps, the malware requests access to users' photo libraries, searches for seed phrases and other sensitive information, then uploads the stolen data to attacker-controlled servers. Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media