UMX, the Unified Market Exchange incubated by Li Lin’s Avenir Group, launched an invitation-only beta on August 10. The platform targets professional investors seeking crypto and U.S. securities through one trading environment. Users can trade crypto spot, margin, contracts, and options alongside U.S. stocks, ETFs, and stock options. UMX says
NYSE is pushing blockchain settlement infrastructure as tokenized securities inch towards live markets. This was indicated by Lynn Martin, the president of NYSE, who revealed that the exchange continues building settlement infrastructure using blockchain technology during his comments in Seoul. NYSE was also part of the July tokenization pilot conducted
The Tether group has made efforts in moving beyond stablecoins. They brought institutional real estate tokenization in Saudi Arabia using its Hadron platform. This company has entered into a partnership with First Data and fintech company BKN301. Basically to enable the issuance and administration of tokenized real estate assets for
The United States Senate postponed deliberation on the Clarity Act to September due to the legislative priority of other business before the recess. The House passed the cryptocurrency market structure bill, and it now awaits Senate approval. Time pressure caused the postponement, not an official withdrawal of the bill. After
Dubai Duty Free has integrated the payment system through incorporating crypto payments in all of its airport stores and even online. Customers will be allowed to make purchases through Crypto.com Pay if they are eligible to do so. The integrating cryptocurrencies in one of the busiest international airports in the
The institutional crypto portfolio usually tends to represent the market environment in times of high volatility. In a recent disclosure made by crypto market maker GSR, the company stated that its Crypto Core3 portfolio had fallen by 57.78% in the last one year, indicating the tough times that professional digital
Russia has formally established its first comprehensive legal framework governing cryptocurrency markets after President Vladimir Putin signed landmark legislation regulating digital asset activities nationwide. The new law introduces structured oversight across cryptocurrency exchanges, custodians, brokers, investors, clearing organizations, and other market participants. As reported by Tass, the legislation expands regulated
As the first commercial layer-2 blockchain network to broadcast EIP-7928 block access lists within each flashblock, World Chain today announced the release of complete block access lists. The breakthrough, which will launch on the World Chain Mainnet on August 17, is intended to solve one of the main scaling issues
Through a collaborative partnership with Access Bank South Africa, Stables is broadening its African payments strategy as the two companies investigate cutting-edge payment technologies intended to enhance cross-border commercial transactions. Businesses are facing a growing need for payment infrastructure that is effective, transparent, and able to facilitate cross-border trade as
The future of Eliza is now entering a new era since the founder of the project, Shaw Walters, has officially announced that the foundation of the project is shutting down for good. He announced that the Eliza token is now officially dead. Although the foundation made sure to settle all
