Massachusetts Regulator Opens Investigation Into Robinhood’s Sports Betting Feature

Massachusetts’ top securities watchdog has opened an investigation into Robinhood‘s (NASDAQ:HOOD) latest venture—a prediction markets tool letting users wager on outcomes like college basketball games. The state’s Secretary of State, Bill Galvin, is digging into whether the trading app’s new feature blurs the line between investing and gambling, especially...
Read More

BlackRock Brings Tokenized Money Market Fund ‘BUIDL’ To Solana

BlackRock (NASDAQ:HOOD) is deepening its engagement with blockchain technology by bringing its tokenized money market fund, BUIDL, to Solana. What Happened: The development was confirmed on Tuesday by Securitize, BlackRock’s tech partner, marking another significant step in the asset manager’s digital asset roadmap, Fortune reported. Originally introduced in 2023...
Read More

$13m stolen as GMX-Abracadabra link breached

Approximately $13 million was stolen in the recent hack of crypto exchange GMX’s integration with Abracadabra. On March 25, blockchain security monitoring firm PeckShield reported a major security incident of GMX decentralized exchange. Specifically the contracts related to Abracadabra (Spell)…...
Read More

BlackRock, Securitize Expand $1.7B Tokenized Money Market Fund BUIDL to Solana

BlackRock’s tokenized money market fund, BUIDL, has become available on Solana, Securitize announced, marking another step in the asset manager’s push into blockchain-based finance. The expansion makes BUIDL available on seven blockchains, including Ethereum, Polygon, Aptos, Arbitrum and Optimism. Only 62 wallets currently hold BUIDL on-chain, however, according to...
Read More

PumpSwap captures 21% of Solana DEX market a week after launch

Solana decentralized exchange PumpSwap, launched a week ago, has surpassed $1 billion in cumulative trading volume, capturing 21% market share in Solana DEX market. In the past 24 hours, PumpSwap’s trading volume has hit over $538 million, while the cumulative…...
Read More

WLFI confirms launch of USD1 stablecoin backed by U.S. treasuries

Confirming online speculation, World Liberty Financial Inc. has announced the launch of USD1, a stablecoin redeemable 1:1 for the U.S. dollar and fully backed by short-term U.S. Treasuries, cash deposits, and other equivalents. USD1 will initially launch on Ethereum (ETH)…...
Read More