XRPL EVM Sidechain Launches on Mainnet, Expanding XRP’s Smart Contract Capabilities

• XRPL EVM Sidechain enables EVM-compatible dApps using XRP as native gas token.
• Sidechain offers 3.4s block time, 1,000 TPS, and Proof of Authority with 25+ validators.
• Integration with Axelar, Squid, and Wormhole expands XRPL’s cross-chain DeFi capabilities.

The XRPL EVM Sidechain has officially launched on the mainnet, marking a major development in the XRP Ledger ecosystem. This new sidechain will enable developers to build and deploy Ethereum Virtual Machine (EVM) compatible decentralized applications (dApps) using XRP as the native gas token.

It connects directly to the XRP Ledger (XRPL), with over 6 million wallets and more than a decade of operational stability. The launch addresses a long-standing demand for EVM compatibility within the XRPL community, providing a scalable system optimized for speed, security, and regulatory compliance.

1/ The XRPL EVM Sidechain is live on mainnet: https://t.co/CJ61aqZvhp

After years of building with @Peersyst and the XRPL community, devs can now build, port, and deploy cross-chain and EVM-only dApps using XRP as gas, with a direct bridge to the XRPL.

Get started

— RippleX (@RippleXDev) June 30, 2025

The XRPL EVM Sidechain functions as a fast, secure, and scalable layer linked to the XRPL via an Axelar bridge. Axelar, a cross-chain interoperability protocol connected to more than 80 blockchains, facilitates the bridging of XRP, the native gas asset, into the sidechain.

Additionally, according to the report, Squid will serve as the official cross-chain transfer interface, enabling seamless asset movement between the XRPL and the EVM sidechain. Wormhole integration is planned, which will further extend connectivity to over 35 blockchain ecosystems and more than 200 applications.

Technical highlights include a 3.4-second block time and throughput capacity of 1,000 transactions per second (TPS), exceeding Ethereum’s average block time of approximately 14 seconds. The network uses a Proof of Authority consensus mechanism supported by over 25 validators worldwide.

Bridging XRPL and Ethereum Ecosystems

The sidechain, which is compatible with the entire Ethereum ecosystem and provides direct liquidity access to XRP, reflects both the native liquidity of the XRP Ledger and the robust infrastructure of the XRPL, eliminating the tradeoff developers had previously considered when deciding between the benefits of EVM and those of the XRP Ledger. The Solidity, MetaMask, and Hardhat development tools are also fully supported, and it is easy to port and write a smart contract.

This connectivity expands the XRPL’s possibilities in DeFi, lending, tokenization, payments, and other decentralized finance use cases. Current infrastructure partners include Band Protocol, which provides on-chain price oracles; Grove, which delivers public RPC endpoints; Axelar, which enables cross-chain transfers; and Squid, which offers user-friendly transfer interfaces. Moreover, upcoming application partners include Strobe Finance, Securd Labs, and Vertex Protocol, which focus on lending, margin trading, and derivatives.

The XRPL EVM Sidechain is a joint effort among Ripple, Peersyst, Axelar, and Cosmos community members. It provides a new environment for developers, ranging from experienced DeFi builders to those experimenting with smart contracts for the first time.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/OCkpuaf
via IFTTT

Hyra Network Honored as “Technology Startup of the Year” at the 2025 Globee® Awards

Dubai, United Arab Emirates, July 1st, 2025, Chainwire

Decentralized AI Framework Gains Recognition for Expanding Access to Compute Power.

The digital economy has witnessed transformative platforms that fundamentally changed resource sharing: Grab revolutionized transportation, Airbnb transformed hospitality, and Shein disrupted supply chains. Now, a Vietnamese technology company is redefining the next frontier-computational power sharing itself.

Hyra Network has been officially named “Technology Startup of the Year” at the prestigious 2025 Globee Awards for Technology, marking a watershed moment for decentralized artificial intelligence infrastructure. This recognition validates an ambitious vision that could reshape how the world builds, owns, and benefits from AI technology. (Official winner list available at: globeeawards.com/2025-winners-technology)

The Vision Behind Innovation

This breakthrough platform is researched and developed by Hyra Tek JCS (Vietnam) and operated by Hyra Tek Smart Solution L.L.C (UAE). Hyra Network’s mission is to democratize computational power by activating billions of idle devices and transforming everyday users into AI infrastructure providers.

Hyra Network serves as the flagship platform alongside Hyra AI, creating an unprecedented model where computational resources are shared across distributed networks rather than concentrated in centralized data centers. If ride-sharing optimizes vehicle utilization and home-sharing maximizes property efficiency, then computational sharing unlocks vast processing power lying dormant in smartphones, computers, and IoT devices globally.

Global Recognition for Excellence

The Globee Awards represent the technology sector’s highest honor, with winners selected by over 100 seasoned professionals, including C-suite executives, venture capitalists, and industry analysts.

“This honor transcends our company – it validates the entire movement toward democratized AI infrastructure,” said Mr. Jonh Tran, Founder of Hyra Network. “We’re witnessing global acknowledgment that the future of AI belongs not to centralized monopolies, but to communities that collectively own and benefit from these powerful technologies.”

The decentralized AI infrastructure and compute resource-sharing model of Hyra Network

Pioneering Community-Powered AI

At its core, Hyra Tek’s innovation centers on Hyra AI, one of the world’s first Train-to-Earn platforms. This system allows users to convert personal devices into active AI training nodes, earning rewards while contributing to advanced model development. The Layer-3 blockchain architecture supports high-throughput, low-latency workloads, enabling scalable AI training and inference at the network’s edge.

The economic model creates a virtuous cycle: participants provide computational resources, earn tangible rewards, and simultaneously advance AI capabilities that benefit the broader ecosystem.

Global Impact

Today, the Hyra ecosystem spans more than 205 countries, powering a global network of approximately 2.5 million connected devices, including 700,000 active online nodes and over 1 million KYC-verified users. With strong community engagement across Southeast Asia, Latin America, and Africa, Hyra delivers more than 360,000 teraflops of distributed computing power and supports a growing base of enterprise clients, now serving over 10 paying customers. This real-world adoption reaffirms Hyra’s core belief: that distributed, permissionless infrastructure can drive meaningful innovation while remaining truly open and accessible to all.

As artificial intelligence and DePIN technologies gain momentum, Hyra positions itself at the technological vanguard, architecting the foundation for a more equitable, intelligent, and inclusive AI future.

About Hyra Network

Hyra Network is a decentralized artificial intelligence infrastructure platform developed by Hyra Tek JCS (Vietnam) and operated by Hyra Tek Smart Solution L.L.C (UAE). The platform enables individuals and enterprises to contribute unused computational resources from personal devices to support AI training and inference at scale. Leveraging a Layer-3 blockchain architecture, Hyra Network supports high-throughput, low-latency workloads across a global network of connected devices. Its ecosystem includes Hyra AI, one of the first Train-to-Earn platforms, and currently spans over 205 countries with 2.5 million connected devices. Hyra Network aims to increase accessibility to AI infrastructure through a community-powered, distributed model.

Contact

PR Representative
Jess Dao – Brand Manager
Hyra Tek Smart Solution L.L.C (UAE)
pr@hyra.network

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/W5SBgTO
via IFTTT

Chainlink Introduces Automated Compliance Engine to Drive Institutional Adoption

Chainlink, a prominent platform to offer infrastructure to drive on-chain finance, has launched a new initiative. As per Chainlink, the platform has unveiled the exclusive Automated Compliance Engine (ACE), which is a cross-chain modular solution devoted to offering seamless digital asset compliance. The platform disclosed this new project in a recent post shared on its official X account.

Introducing Chainlink Automated Compliance Engine (ACE)—a unified & modular standard to solve all onchain compliance problems and bring institutional capital onchain.

ACE is built on the Chainlink Runtime Environment (CRE) & launched in collaboration with leading market…

— Chainlink (@chainlink) June 30, 2025

Chainlink Brings Institutional Capital On-Chain with Latest Automated Compliance Engine

Chainlink’s announcement mentions that the new Automated Compliance Engine (ACE) will streamline the digital asset regulatory compliance. The project is a cross-chain modular solution developed via the Chainlink Runtime Environment (CRE). In this respect, ACE is focused on unlocking more than $100T in terms of institutional capital. Thus, it is enabling compliant, scalable, and secure issuance of assets across private and public blockchains.

Chainlink operates ACE in partnership with industry giants like ERC-3643 Association, Global Legal Entity Identifier Foundation (GLEIF), and Apex Group. Hence, the initiative delivers a robust framework to establish regulatory alignment in decentralized and traditional financial networks. At present, it is available to specific institutions in terms of early access, addressing crucial market requirements. They take into account regulated use of assets in DeFi protocols, frameworks for reusable on-chain identity, and automated policy implementation.

Driving Compliant and Secure Shift of Institutional Capital On-Chain without Exposing Individual Data

The privacy-preserving architecture of ACE integrates the present identity mechanism with robust on-chain infrastructure. Thus, it offers policy enforcement in diverse jurisdictions based on smart contracts. Apart from that, by utilizing the services provided by Chainlink, institutions get the capability to validate credentials such as AML/KYC, significantly decrease operational costs, and automate reporting, without exposing individual data on-chain. Amid the tightening regulations and accelerating digital transformation in the financial world, Chainlink ACE operates as a key tool to compliantly and securely bring capital on-chain.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/9AhxtXZ
via IFTTT

Kraken Launches xStocks, Bringing 60 Tokenized U.S. Equities Onchain

Kraken Exchange has allowed Wall Street to trade on the blockchain. “xStocks” is its new 24-hour market that lets anyone trade tokenized versions of 60 major U.S. stocks and exchange-traded funds (ETFs). Apple, NVIDIA and a lot of ETFs with underlying S&P 500 are on the list.

BREAKING: Wall Street is officially onchain.
xStocks are now live on Kraken

60 U.S. equities tokenized and tradable 24/5. More coming soon.

We’re not waiting for the future. We’re building it.https://t.co/iKu44ZiwZN

Not available in the U.S. or to U.S. persons. Geo… pic.twitter.com/FjOsxDJ9se

— Kraken Exchange (@krakenfx) June 30, 2025

24/7 Access to US stocks Via xStocks on Kraken

Whenever and whatever day, traders are able to buy, sell, and rebalance their position without the typical trading hours or unnecessary payment of overnight markets.

Kraken refers to xStocks as quick and easy access to the U.S markets. Delays or limitations on order time are gone. According to its official webpage, out goes the slow, legacy clearing process that takes days to settle shares, and instead, the process is accelerated with shares turned into on-chain tokens that settle instantly.

At the moment, xStocks contains 60 U.S. equities and Exchange Traded Funds. Kraken intends to include additional ones in the future, be these smaller firms, international equities, and picky industries.

Democratizing Equity Trading

Conventionally, we have what we call the traditional assets e.g., stocks, bonds which are generally not easily purchased. They require too much funding, take a long time to be onboarded, and have limited operating times. 

xStocks removes these barriers with Kraken: fractional share ownership, low paperwork to become a shareholder, and no-stop tracking of their portfolios using one Kraken account.

It also expresses the way in which DeFi and conventional finance are converging in stocks. With the desire for large institutions and even ordinary traders to have better, clearer markets, it is possible that token equities will become common. 

The exchange is leading the future, not waiting to be dictated to by it, but by bringing Wall Street onchain.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/YIbygSx
via IFTTT

Vanadi Coffee Shifts Focus to Bitcoin, Secures Shareholder Approval for New Treasury Strategy

• Vanadi Coffee shifts focus to Bitcoin, aiming to be Spain’s top listed BTC holder.
• Shareholders approve new treasury strategy, with 54 BTC now under Bit2Me custody.
• Move positions Vanadi Coffee as a rare Bitcoin proxy for institutional investors in Spain.

Vanadi Coffee S.A. is moving forward with a huge strategic shift, aiming to become the largest publicly listed Bitcoin holder in Spain. The company’s shareholders have approved a plan that marks a clear departure from its previous business focus, adopting Bitcoin as its main treasury asset and outlining new pathways for investment and growth. The decision was formalized during a recent shareholders’ meeting, where the Board of Directors received authorization to execute the Bitcoin accumulation strategy and seek the required financing for the transition.

Vanadi Coffee's Shareholders' Meeting has approved the company's strategic shift to become the largest listed Bitcoin company in Spain with investments of up to one billion euro in #bitcoin.

They also purchased an additional 20 BTC and now have 54 BTC.

(posted in this Vanadi… pic.twitter.com/LtBK0WPyJE

— NLNico (@btcNLNico) June 29, 2025

In an official communication sent to BME—Growth on June 29, Vanadi Coffee detailed its new treasury management strategy. The announcement confirmed the acquisition of twenty additional Bitcoins at an average price of €93,444 each. Bit2Me, a recognized digital asset service provider, has custody of these assets.

This purchase brings Vanadi Coffee’s total Bitcoin holdings to fifty-four, as reported in the company’s filing. The communication adhered strictly to regulatory standards, referencing compliance with article 17 of Regulation (EU) No 596/2014 and article 227 of Law 6/2023, among others.

Corporate Restructuring and Institutional Focus

The shift in corporate strategy is intended to mirror similar approaches adopted by global firms such as MicroStrategy and Metaplanet. Vanadi Coffee plans to use Bitcoin as a strategic store of value, transforming its business model to focus on the accumulation and management of digital assets. The company highlighted the potential for institutional investors to gain indirect exposure to Bitcoin through a regulated, listed entity, an offering that remains scarce in Spain and the broader European market.

The same shareholders’ meeting approved the company’s annual accounts and management report for the fiscal year ending December 31. Shareholders also granted the Board authority to carry out future capital increases as part of its new mandate.

Vanadi Coffee’s official communications emphasized compliance with all relevant securities market regulations and underscored its commitment to transparency throughout the restructuring process. The new strategy positions Vanadi Coffee at the forefront of Bitcoin adoption among publicly traded firms in Spain, with all decisions documented through regulated market channels.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/OPNA4KR
via IFTTT

Bitcoin Faces Renewed Market Pressure as Demand Falls and Liquidation Imbalance Surges

• Bitcoin’s demand dropped from over 200000 BTC in early 2024 to -200000 BTC by March 2025 amid rising supply.
  
• A sharp $102 million liquidation event favoured bulls as short positions were wiped out 1533% more than long positions.
  
• The FHFA proposed a new rule to include Bitcoin in mortgage assessments, signaling a shift in financial asset evaluation.

In June 2025, demand for Bitcoin declined substantially following its recovery in May. Data shows that in January-April 2024, Bitcoin’s demand climbed above 200,000 BTC, as its price surged from $40,000 to over $70,000. But it reversed from late 2024 through March 2025 when demand dropped below -200,000 BTC This drop was accompanied by a price adjustment that was below 60K.

However, Apparent Demand is the metric that shows the difference between the interest of new buyers and the amount of coins put in circulation. These consist of newly mined Bitcoin and a circulating supply of coins with long-term holders (LTHs) selling back to circulation. A negative reading indicates the excess supply, which is the case now.

Source: Cryptoquant

The current supply outweighs the demand because the mining is ongoing, and LTHs sell at a profit. These long-term holders are usually considered experienced market participants. Their selling activity has carried a lot of pressure in the market, presenting a weak market situation, particularly in the absence of relative activity by the buyers. The current conditions reflect uncertainty over Bitcoin’s price direction in the short term.

Short Liquidations Dominate as Bulls Take Control

Meanwhile, the market has experienced an unusually large liquidation imbalance. According to data provided by Coinglass, Bitcoin had a total liquidation amount of $102.35 million during a single session. Out of this amount, $95.96 million came from short positions, while long liquidations totalled only $6.38 million.

Moreover, this sharp contrast created a 1533% bias towards an imbalance on long positions. In numerical terms, shorts were liquidated at a rate 15 times greater than longs. However, data analysts revealed that the bulls were heavily preferred in this momentum. This type of liquidation pattern normally comes after sharp changes in price levels, which compels traders with leveraged short positions to sell.

The squeeze is steep on shorts, showing the market’s current bias. Despite the low demand, according to the supply metrics, traders holding short positions against Bitcoin have recorded huge losses. This result implies a setting with temporary bull momentum despite the generally poor demand.

FHFA Weighs Bitcoin in Mortgage Qualification Rules

The Federal Housing Finance Agency (FHFA) introduced a new proposal whereby Bitcoin will be utilised in mortgage valuations. The agency affirmed that it will research how to include cryptocurrency holdings in the assessment of mortgage eligibility. The step can be considered a shift in the treatment of digital assets by U.S. financial regulators.

Commenting on the proposal, Bill Pulte indicated that the intention is to ascertain the implications of crypto assets on mortgage qualification. The new proposal would enable them to include their Bitcoins and other digital possessions among their financial assets, implying that potential borrowers would be able to submit the crypto portfolios without having to convert them into fiat money.

Furthermore, in case of implementation, such a change can introduce cryptocurrency to formal financial assessments, especially within the housing market. The fact that the FHFA made a choice aligns with the wider interest in perceiving digital wealth in traditional finance systems. Crypto assets have, until this time, existed largely beyond mainstream credit evaluations.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/bYo0n8L
via IFTTT

James Wynn Turns Bullish on Bitcoin, Closes $BTC Short to Open Long Position

James Wynn, a well-known trader, has recently changed his mind on Bitcoin ($BTC). As per the data from Onhain Lens, James Wynn has recently closed a Bitcoin ($BTC) short position just to open a long one. The on-chain analytics firm shared the details of James Wynn’s sentiment shift in a recent social media post.

James Wyn (@JamesWynnReal) closed his $BTC (40x) short position, booking a loss of $3,015.97, and opened a $BTC (40x) long position.https://t.co/YLnfptl7vw https://t.co/rdOZHREDNt pic.twitter.com/u6eQbcMJpu

— Onchain Lens (@OnchainLens) June 29, 2025

James Wynn Opens $BTC Long after $3K Loss in Recently Closed Short

Onchain Lens has pointed out that James Wynn has recently opened a Bitcoin ($BTC) long position after closing a short position. Based on the price performance of the flagship crypto asset, James Wynn has changed his decision. Particularly, the popular trader has witnessed a $3K loss in this $BTC short that compelled him to close it.

As a result of this loss in the short position, James Wynn now believes in the long-term performance of Bitcoin. In this respect, just after closing the short position, he has opened a long position. The closed short position reported had a 40x leverage, and he exited it following a trade spanning 6 hours and 30 minutes. The trader lost $3,015.97, taking into account $1,345.07 in terms of fees.

New $BTC Long Has 40x Leverage, Indicating Firm Belief in Bitcoin’s Long-Term Trajectory

According to Onchain Lens, following the closure, the newly opened Bitcoin long position also has a 40x leverage. It currently holds almost 12.79 $BTC, equaling up to $1.37M. Apart from that, the present unrealized profit of the trader accounts for $2,420.04, including ROE of 7.05%.

Additionally, the entry price for the respective long position was nearly $107,439.10, while Bitcoin is currently trading at $107,716.00. Moreover, 93.37% is James Wynn’s margin usage while the long exposure stands at 100%.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/SFuzciL
via IFTTT

Ethereum Transaction Activity Surges as Analysts Predict Breakout Toward $10K

• The number of transactions on Ethereum has reached an all-time high since 2023, with activity on the chain rising.
• Analysts expect it to be as high as $3,200 to a target of as high as $10,000.
• Altcoin season indicators are flashing, and Ethereum might lead the next great rally.

Ethereum’s network is recording its highest transaction count since 2023, with over 1.5 million confirmed daily interactions, based on recent CryptoQuant data. The increase suggests mounting activity amid growing investor interest. At the same time, ETH trades at $2,427 with a 24-hour volume of $11.74 billion and a market cap of $293.07 billion, showing steady traction in the face of market volatility.

$ETH on-chain activity is spiking.

The sleeping giant is about to wake up! pic.twitter.com/1Pq6L0g5hH

— Crypto Rover (@rovercrc) June 28, 2025

While the price remains below the $2,500 mark, analysts note a visible divergence between network activity and price consolidation. Active address metrics also show a modest rise, with over 356,000 unique daily users participating on-chain. This suggests more Ethereum wallets are interacting with the blockchain, reinforcing user-level engagement across smart contracts, NFTs, and DeFi protocols.

Analysts Eye Wyckoff Breakout Toward $3,200 and Beyond

Crypto analyst Mikybull tweeted that Ethereum recently completed the Wyckoff reaccumulation test successfully. Chart-based technical analysis indicates that a consolidation or correction period is completed and a breakout trend may ensue. He identified the range of $3,200 as a potential breakout point and stressed the possibility of a bull run ahead.

ETHEREUM IS DONE WITH 'TEST' ON WYCKOFF RE-ACCUMULATION SCHEMATIC

BIG RALLY INCOMING https://t.co/quQqHW2kVH pic.twitter.com/Mu5LcjZvcz

— Mikybull Crypto (@MikybullCrypto) June 26, 2025

Echoing this view, XForceGlobal labeled Ethereum’s price behavior as “objectively bullish” after a move toward $2,800. Using Elliott Wave analysis, he forecasted a rally toward $9,400, with new all-time highs anticipated later in the cycle. Historical cycles and renewed accumulation among whales support this outlook, aligning with current transaction and address surges.

Source:X

Market analyst Michel van de Poppe also contributed, stating that ETH’s position is structurally strong above $2,400. He indicated that the market could well be looking at higher upward resistance in the near future as long as support at the 100-hour SMA holds. Although it was rejected at around $2,520, ETH had a sense of strong support at its structure, which was indicative of resilience.

Altcoin Season Indicator Adds Momentum

Ethereum activity has boomed recently, as there are precursors of an imminent altcoin season. The Altcoin Season Index has started to flash, and multiple analysts anticipate a wide rally across non-Bitcoin assets. The ranking of Ethereum as the second-largest crypto asset has the potential to become a leader in this next leg of growth.

Bitcoin’s dominance has increased to 65.77% yet records indicate that altcoins tend to perform better in the succeeding weeks when bitcoin dominance stands at around 70%. As Ethereum fundamentals converge into on-chain, technical analysis, and the wider markets, investors are gearing up and anticipating a potential significant price increase.

Source: Coinmarketcap

Ethereum is gaining traction toward a significant breakout as major indicators continue rising in value. According to analysts, should the trend continue, ETH could revisit $3,200, then make its way to new highs between the $9,000 -$10,000 area.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/F3BQVnd
via IFTTT

Binance Lists $REKT on Alpha with Major Airdrop and Trading Competition

Binance, a prominent crypto exchange, has announced another significant token listing apart from other attractive events. As per Binance, it is listing the digital token $REKT on its Binance Alpha platform in addition to a significant trading competition and airdrop. The platform took to its official X account to provide the details about these events.

We’re pleased to announce that Rekt (REKT) has been featured on Binance Alpha.

Eligible users can claim an airdrop of 140,230,000 REKT tokens on the Alpha Events page within 24 hours once trading begins by using Binance Alpha Points.

The Binance Alpha Airdrop will be… pic.twitter.com/zwVa7kK4Si

— Binance (@binance) June 28, 2025

Binance Lists $REKT and Conducts Airdrop Apart from Trading Competition

Binance’s announcement points out the $REKT token’s listing on Binance Alpha. Additionally, it also mentioned that the Binance Alpha consumers are permitted to claim tokens from a pool that contains 140,230,00 $REKT. They can do this by taking part in the Alpha Events page. The airdrop will benefit the fastest participants who come first until the pool empties or the event concludes.

In this respect, the consumers who want to claim the airdrop need to redeem fifteen Alpha Points along with confirming their participation within twenty-four hours after the start of trading. Failure to verify within the respective timespan will automatically lead to the reward’s forfeiture. Binance stressed the significance of time action in this regard. Additionally, the strategic launch of $REKT on Binance Alpha indicates increasing momentum for the $REKT token. It is a project that is now widely popular based on its meme-led brand as well as active community online.

Binance Alpha, which rewards the consumers for their engagement with ecosystem insights and features, keeps serving as a launchpad for new tokens. Hence, it delivers exposure to the most active consumers of the platform. Besides the airdrop, the crypto exchange is also planning to commence a trading competition for $REKT. For this purpose, it has a price pool that comprises 3,472,500,000,000 $REKT. Although the details regarding the competition mechanics are not yet completely revealed, Binane hinted that additional announcements will be unveiled soon.

Latest Events Underscore Binance’s Endeavors to Bolster Community Engagement

According to Binance, the newly announced initiatives, including the $REKT listing, trading competition, and airdrop, underscore the crypto exchange’s ongoing endeavors to improve community engagement. With such new tokens, Binance provides the users an opportunity to get early access to the latest promising tokens. The crypto exchange has also advised the users to stay tuned to get more updates on exciting events.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/TnM5UBD
via IFTTT

Clearpool Partners with Hex Trust to Introduce Ozean to Offer RWA Exposure Through Port

Clearpool, a well-known marketplace for decentralized capital markets, has announced its new partnership with Hex Trust, a completely licensed custodian for digital assets. The collaboration focuses on launching “Ozean,” an exclusive project that uses worldwide infrastructure of Hex Trust to unveil tokenized RWA access for institutions. The platform provided the details of this partnership in a recent X post.

Ozean leverages @Hex_Trust's global infrastructure to provide access to RWAs via Port, the first RWA Exchange-Traded Pool.

Hex Trust, a leading digital asset financial institution with licenses across key financial hubs, delivers institutional-grade security and compliance on… pic.twitter.com/52InfCLco9

— Clearpool (launching Ozean) (@ClearpoolFin) June 26, 2025

Clearpool and Hex Trust Announce Partnership to Release Ozean for Tokenized RWA Access for Institutions

In collaboration with Hex Trust, Clearpool attempts to drive its strategic ecosystem expansion into the landscape of real-world assets (RWAs). In this respect, it plans to release the project called “Ozean.” It offers compliance, secure, and transparent access to the RWA financial tools’ tokenized versions. These assets take into account asset-backed securities, private debt, and credit. The project is driven by Port, an on-chain exchange-traded product (ETP). It permits investors to get diversified exposure to RWAs in a regulated and seamless environment.

Apart from that, Hex Trust has provided the infrastructure for Ozean. It operates as a regulated financial platform for digital assets. It is famous for its resilient institutional compliance agenda and custodial services. With licenses obtained in top worldwide financial hubs, such as Dubai, Singapore, and Hong Kong, Hex Trust guarantees the secure management, compliance, and audit of each pool that exists within the Port ecosystem.

Merging Conventional Financial Products and Innovation in On-Chain World

With the integration of the institutional-level services of Hex Trust, Port of Clearpool places an exclusive benchmark regarding RWA platforms. It merges DeFi-native access as well as regulatory clarity that the institutional participants demand. The release denotes a widening trend toward combining conventional financial products and on-chain innovation. Moreover, the $CPOOL token of Clearpool plays a critical role in this respect, likely leveraging increased governance and utility as Port and Ozean’s adoption expedites.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/4y3srQO
via IFTTT

Zero-Knowledge Digital ID Faces Major Risks Despite Privacy Gains

• ZK digital IDs boost privacy but raise risks of coercion and reduced pseudonymity.
• One-person-one-ID limits privacy by making all actions traceable to a single identity.
• Proof-of-wealth alternatives miss key use cases like universal access and fair governance.

Digital identity solutions powered by zero-knowledge proofs (ZKPs) are gaining ground across global markets, promising a breakthrough in privacy protection. Several projects, including World ID and Taiwan’s digital ID initiative, are applying ZKPs to verify user authenticity without exposing personal information.

However, industry experts note that even as these protocols solve major privacy problems, ZK-wrapped digital IDs retain major risks related to coercion, error, and the core requirement of maintaining a unique identity per person.

Does digital ID have risks even if it's ZK-wrapped?https://t.co/rye1q5G90G

— vitalik.eth (@VitalikButerin) June 28, 2025

The appeal of ZK-wrapped digital identity lies in its ability to prevent overexposure of user data. Under these systems, a user proves possession of a valid ID, whether based on biometrics or government documents, using a secret major stored on their device.

The system generates application-specific pseudonymous identities, ensuring a single account per app without directly linking activity to legal identities. These solutions address current issues around data minimization, allowing platforms to verify eligibility, such as age or citizenship, without full disclosure.

Despite these advancements, the structure introduces new complications. The restriction to one identity per user across applications can erode the practical pseudonymity afforded by traditional digital accounts. For instance, in most current systems, users are able to maintain multiple identities or personas across or within services. ZK-based systems implementing strict one-person-one-ID models could inadvertently force all online actions into a single, potentially traceable identity.

Privacy Limitations and Coercion Vulnerabilities

While ZKPs can shield identity data from routine surveillance, they do not remove all privacy risks. If a user’s secret key is compromised or forcibly disclosed, authorities or employers can reconstruct a comprehensive profile of activity across services.

Recent regulatory trends, such as U.S. visa applicants being compelled to share social media information, demonstrate real-world examples where these protections may be bypassed. Additionally, application suppliers might require users to reveal their broader identity as a condition for access, further undermining privacy guarantees.

Some system layouts attempt to counteract force by using multi-party computations that limit the ability to correlate IDs across applications. However, these measures are not universally adopted and often introduce operational complexities.

Edge Cases and Systemic Gaps Remain

ZK-wrapped ID systems draw limitations from their underlying identity sources. Government-issued documents may exclude stateless individuals or give multiple advantages to holders of several passports—biometric IDs present risks of spoofing or exclusion of users with specific disabilities. 

Alternatives based on proof-of-wealth can only help constrain bot traffic and will not meet requirements such as universal basic access or equitable online elections. On various platforms, identity participation is required to detect manipulation and provide equal access to digital resources or governing regimes.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/BvJOUjx
via IFTTT

TAO Leads Top 10 Crypto Rankings by LunarCrush Galaxy Score

• TAO was at the top of the Galaxy Score list on the LunarCrush platform, which was influenced by analytics, trading, and presence in the online space.
• VOXEL, SYLO, and GEL have seen increased developer interest and community growth.
• GTAI, KLV, and Lumia had been gaining popularity with AI, wallet enhancement, and tokenization hype.

LunarCrush released its latest Galaxy Score leaderboard, ranking the top 10 cryptocurrencies with the highest combined social and market activity. TAO was the first, and others were VOXEL, SYLO, and GEL. The new rating indicates a dynamic community engagement and momentum regarding a few altcoins.

TOP 10 COINS BY LUNARCRUSH GALAXY SCORE$TAO $VOXEL $SYLO $GEL $ALEPH $PERP $SPK $LUMIA $KLV $GTAI pic.twitter.com/whopNc3yXK

— PHOENIX – Crypto News & Analytics (@pnxgrp) June 27, 2025

TAO gained the top LunarCrush Galaxy Score, outperforming its competitors in market activity and online visibility. The rating ranks tokens based on the amount of social media evaluation, trade volume, and pricing changes. The retail focus and trading activity are high, as signalled by the TAO leadership.

VOXEL and SYLO followed closely behind and were increasingly represented in the community of developers and influencers. The recent updates of the VOXEL ecosystem and the privacy-oriented tools of SYLO have increased chatter online. In fourth place, GEL received coverage due to its integrations with Web3 infrastructure platforms, gaining builder interest.

ALEPH and PERP took up the middle ground. The growth of interest in decentralized computing protocols has supported ALEPH in increasing its engagement level. Conversely, PERP has demonstrated renewed activity in derivatives-based DeFi protocols, which has helped it sustain an optimal engagement-to-performance ratio.

SPK, Lumia, KLV, and GTAI Round Out the Rankings

SPK and Lumia ranked seventh and eighth, respectively. SPK is further cementing a reputation in decentralized social media tooling as Lumia has recently gained traction in providing support to real-world asset tokenization, causing technical and community excitement.

KLV, ranked ninth, signified a rebound within weeks of a low volatility. Its presence follows a fresh urgency in community marketing and rollouts of wallet features. GTAI was also recorded at the tenth because there was more activity with AI-based blockchain tools. Although GTAI benefited from lower trading volumes than the other top five, its social metrics increased, placing it among the top five.

The LunarCrush Galaxy Score is a project momentum indicator. It does not confine to price action but incorporates various multi-signal such as sentiment, content volume, influencer activity, and technical strength. A score in the high range can demonstrate that a project is gaining a major growth or awareness stage.

Market Sentiment Shifts Ahead of Q3 2025

The new rankings come with a larger interest in AI, modular chains, and decentralized computing. Most of the leading tokens follow these trends. TAO aims to provide decentralized knowledge bases, GTAI focuses on artificial intelligence, and ALEPH incentivizes distributed compute infrastructure, all of which fit the latest stories marketers are telling in the market.

As Q3 unfolds, it seems market observers may closely monitor the tokens such as SYLO and GEL, which achieve community power, yet remain trading at a medium value. A consistent increase in Galaxy Score can be a sign of a bigger presence or the next product releases.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/STaQLks
via IFTTT

Bitcoin Futures Market Shows Strength as Price Holds Above $106,000

• ​Bitcoin futures volumes remain strong, providing market depth despite spot price stability.
• Institutional and retail engagement drives sustained liquidity in Bitcoin’s derivatives market.
• Price stability persists as futures activity supports orderly trading and absorbs volatility.

Bitcoin’s price activity and trading patterns during the first half of 2025 show a growing market environment defined by sustained derivatives activity and steady institutional engagement. While the spot market has shown softer turnover and range-bound price action, futures trading volumes have remained high, offering depth and liquidity as the broader digital asset market adjusts to new conditions.

Recent data from Glassnode shows the resilience of Bitcoin’s futures market. Since late 2023, futures trading volume has exceeded the $500 million mark, marked by a sharp and sustained increase during the rally that lifted Bitcoin from $30,000 to over $100,000 by mid-2025. The blue bars on the Glassnode chart display this upward trend, showing that even after sharp price corrections, trading volumes have not dropped to previous lows.

#Bitcoin's Futures volume stayed elevated during the recent push, contrasting with the spot market. This suggests that recent moves were driven more by leveraged speculation than by organic demand. pic.twitter.com/5pkxcD2UA2

— glassnode (@glassnode) June 27, 2025

Each major price advance since the end of 2023 has coincided with spikes in futures trading, followed by periods of rapid selloffs, as indicated by red arrows on the chart. Despite these pullbacks, the persistence of increased futures volume suggests ongoing interest from both institutional and retail traders. The chart’s dotted line marks a volume floor, demonstrating that liquidity has remained intact even during episodes of market volatility.

Market Conditions Signal Careful Positioning

Bitcoin traded at $106,742 as of the latest daily close, posting a slight 0.61% decline at the time of writing. Bitcoin’s market capitalization fell to $2.12 trillion, while 24-hour spot trading volume slipped by 3.53% to $44.63 billion. The volume-to-market cap ratio now sits at 2.1%, reflecting a period of more measured activity. Bitcoin’s fully diluted valuation stands at $2.24 trillion, highlighting the potential market value if all 21 million coins were in circulation.

Source: CoinMarketCap

Price movement has been largely confined to a narrow range, with support near $106,500 and resistance above $107,500. Brief upward moves have been followed by retracements, while dips have attracted steady buying interest, maintaining price stability within these levels. Circulating supply remains at 19.88 million BTC, pointing to the continued scarcity of new issuance.

The ongoing strength in the futures market indicates an expanding market structure where derivatives activity provides major support to the spot price. Analysts view this sustained futures volume as a sign of increased market depth, with derivatives taking on volatility and allowing for more orderly price discovery.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/kY8K7DZ
via IFTTT

INTO and HamBit Partner to Supercharge the Innovation of Global Payment

INTO is excited to announce its groundbreaking alliance with HamBit to redefine the infrastructure of digital payment. The partnership aims to empower the world of enterprises by providing an effortless, instant, and cost-effective financial experience. The collaboration further strives to target scalability and user trust.

We are pumped to announce our partnership with @HamBit_Official ！

HamBit is a cutting-edge SaaS platform empowering businesses with Tier 1 payment and collection services, offering instant settlements, ultra-low fees, and strong partnerships with leading banks.

Stay… https://t.co/Tz8dPcdHxA pic.twitter.com/O0BaXswKyI

— INTO (@intoverse_) June 27, 2025

INTO, an infrastructure provider for decentralized fintech, has announced the partnership news through its official X account. The other partner, HamBit, is a platform for next-level SaaS. This platform is set to transform the transactional management of businesses.

HamBit to Empower INTO Ecosystem with Fintech Power

Top banking institutions deeply integrate into HamBit for strong backing. So, the platform aims to provide Tier 1 payment along with collection services. This partnership benefits INTO to leverage the real-time settlement capabilities of HamBit with lower transaction fees. In this way, the platform is poised to enable users and business clients to deal with transactions in a more efficient way.

Through this collaboration, both platforms will focus on reliability, security, and regulatory readiness. These are all the critical components necessary in this fast-moving world of fintech.

Introducing an Instant and Borderless Future for Transactions

INTO, through this synergy, aims to cement its reputation and positioning at the intersection of blockchain and fintech. With the continuous surge in cross-border payments, INTO and HamBit are poised to set the stage for a powerful future for innovation and trust.

This cutting-edge alliance between INTO and HamBit will open new doors for further integrations, improved user experience, and brand-new use cases. Both partners, by combining their efforts, strive to signal a powerful shift for businesses to utilize payment solutions worldwide.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/2F61ilv
via IFTTT

DAC Platform Partners with $PEOG to Gamify the Meme Revolution in Web3

DAC Platform, a platform for gamified Web3 rewards and engagement, has strategically joined forces with $PEOG. This collaboration aims to mark a remarkable step forward in redefining the intersection of internet rewards, culture, and community-focused content creation.

PARTNERSHIP ANNOUNCEMENT
DAC Platform x $PEOG

We are excited to welcome $PEOG as an official partner of DAC Platform!

$PEOG is a meme launchpad that goes beyond traditional meme coins, combining AI-driven creation with Web3 innovation. Users can bring creative ideas… pic.twitter.com/wvZAcNe5Nq

— DAC Platform (@DAC_Platform) June 27, 2025

$PEOG is a next-level meme launchpad which strives to integrate AI creativity with Web3’s decentralized power. DAC Platform has announced news of this thrilling development through its official X account.

DAC Platform and $PEOG to Introduce Meme Potential

$PEOG aims to cement its reputation as a meme creation powerhouse, not just an average meme token. The token is set to revolutionize wild ideas and hilarious stories into viral meme assets for users. $PEOG infuses AI-powered meme generation into Web3 infrastructure. In this way, the token strives to provide internet culture with a brand-new participation.

In this system, the decentralized movement includes every laugh, share, and post that becomes a part of it. Now, by partnering with DAC Platform, $PEOG is further set to expand its vision into an interactive playground.

DAC Platform Welcomes Gamified Quests and Rewards to Transform Engagement

The Quest and Reward System of the DAC Platform enables engaging blockchain-based tasks to incentivize participation. The meme-powered quests are introduced within the partnership of DAC Platform and $PEOG. Through this alliance, the users are able to join creative campaigns while getting rewards. They can also get a license or membership for a meme-powered thriving ecosystem.

The community can get exclusive content on making viral memes and completing challenges. Special drops and a gamified experience introduce value and fun. Through this alliance, the members can celebrate creativity while opening new doors of social interaction. With this advancement, DAC Platform positions itself as a hub for interactive Web3 engagement.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/unkHBsq
via IFTTT

Ripple vs SEC Legal Battle Continues Pending Key Ruling From Judge Torres

• SEC appeal against Ripple remains paused, not dropped, awaiting Judge Torres’ ruling.
• Settlement hinges on Judge Torres issuing an indicative ruling to modify prior judgment.
• Judge’s decision by mid-August will either finalize settlement or resume the appeal process.

The ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) remains unresolved as of June 2025. Contrary to circulating reports that the SEC has dropped its appeal, the case is officially on hold, awaiting a crucial indicative ruling from Judge Analisa Torres. This decision will determine whether the parties can finalize a $50 million settlement or if the appellate process will continue.

The appeal filed by the SEC against Ripple is currently in abeyance, meaning it is temporarily suspended but not dismissed. Both Ripple and the SEC agreed to pause the case while Judge Torres reviews a motion that could allow modification of an earlier judgment. The U.S. Court of Appeals for the Second Circuit approved this extension through August 15, 2025, to provide time for the lower court’s consideration.

Australian lawyer Bill Morgan, who has frequently clarified misconceptions surrounding this case, emphasized that the appeal remains active. He stated that the continuation of the settlement depends entirely on a positive indicative ruling from Judge Torres. Without her approval, the settlement cannot proceed and the appeal will likely resume.

Except the Appeal is still on foot and in abeyance and performance of the settlement agreement between the SEC and Ripple which will end the appeal depends on a positive indicative ruling from Judge Torres which she may not give in order to finally end this horrible anti-retail… https://t.co/wZQqx7rns7

— bill morgan (@Belisarius2020) June 26, 2025

Settlement Dependent on Judge Torres’ Indicative Ruling

The proposed $50 million settlement between Ripple and the SEC includes lifting the injunction that currently restricts XRP’s institutional sales. For the settlement to move forward, Judge Torres must issue an indicative ruling signaling her willingness to reopen and modify her prior decision. This procedural step is essential for the appellate court to dismiss the ongoing appeal.

Earlier attempts to secure this ruling were delayed by a procedural error. On May 8, both parties jointly requested an indicative ruling citing Federal Rule 62.1. However, the judge denied the motion, indicating the proper rule to invoke was Rule 60(b), which governs motions to reopen final judgments.

Following this, the SEC and Ripple submitted a corrected motion on June 12. They also informed the appellate court of their request to maintain the pause in proceedings while the new motion undergoes review.

Next Steps and Timeline

Judge Torres’s ruling is expected soon, with the deadline for the case’s abeyance set for mid-August 2025. A favorable ruling would return the case to her court, allowing Ripple and the SEC to finalize the settlement and move to dismiss the appeal. If the ruling is unfavorable, the appeal process will resume, extending the litigation.

This legal process points out the key role of the district court judge in determining the case’s outcome. Until Judge Torres acts, the litigation status remains uncertain but paused, maintaining a legal limbo for Ripple, the SEC, and XRP stakeholders.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/7Stx5U3
via IFTTT

Neo Teams Up with MemeCore to Revolutionize in Blockchain’s Meme 2.0 Era

MemeCore has officially announced a strategic partnership with Neo Blockchain in a major leap forward in the meme economy and blockchain innovation. The partnership is based on an extended relationship between the two organizations that goes back to the early history of MemeCore. Through this renewed dedication, both platforms have started to impact the future of the meme token market through the next step by launching Meme 2.0.

MemeCore x Neo

We’re excited to announce our partnership with @Neo_Blockchain !

What is Neo?
Neo is an open-source, community-driven blockchain platform designed to empower the smart economy.

From the very beginning of MemeCore’s journey, Neo has walked alongside… pic.twitter.com/Y0OrsExocG

— MemeCore (@MemeCore_ORG) June 26, 2025

MemeCore, branded as the Meme President Layer 1, has determined to be at the forefront and take the lead in terms of meme-based blockchain applications. 

Meanwhile, Neo is an open-source smart contract platform that enables what it terms as the smart economy, using community effort. 

Officially, MemeCore has also issued a statement that, in the initial phases of its development, Neo took part in the evolution, helping the project to find the necessary infrastructure and community alignment.

Memecore’s Proof of Meme (PoM): A New Standard in Blockchain Innovation

Such collaboration will not be purely ceremonial but will serve to launch a new idea, Proof of Meme (PoM), which will eventually become an underpinning tool of the vision of Meme 2.0. 

Although the technical aspects of PoM have yet to be fully revealed, their name suggests that they will combine social and technical verification with the power of the community, virality, and decentralized governance.

Continuing a Shared Journey of Growth

MemeCore itself claims that a relationship with Neo started excessively early, ever since the platform was launched. And as this partnership enters into another era, Meme 2.0, it has once again confirmed that Neo is going to be a key figure in molding this new direction. This new era is likely to combine the aesthetics of meme culture and utility powered by the blockchain and backed up by the solid infrastructure of Neo.

Neo and MemeCore are not just gazing with eyes to the backend innovation, but MemeCore is also putting the pedal to community involvement as well. 

Neo invited the community users to “smash that like and drop your best meme” to mark the collaboration in the announcement, which further suggests that user-created memes will play a significant role in the Proof of Meme concept.

The Road Ahead: Meme 2.0 Momentum Builds

With MemeCore hinting at what to expect next in Meme 2.0, the hype only adds to the excitement. 

The combination of the momentum of Neo smart contract features and MemeCore vision of using memes to build memefueled innovation can bring the dawn of a new community-first era of blockchain design. Both users and developers are urged to watch out for the coming reveals as this pair reimagines what is possible with memes on-chain.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/DgXat8B
via IFTTT

10 Key Terms Crypto Traders Should Know

When dealing with stock market, cryptocurrency, or Forex trading, several terms may sound strange. Although the terms like ATH, ROI, FOMO, or HODL may seem unfamiliar, they can be very useful if you intend to move forward with the financial markets. This article explores the most significant trading terms that a trader should comprehend while trading crypto assets.

1. Fear of Missing Out (FOMO)

FOMO denotes an emotion that the investors feel while they rush to purchase an asset as they are afraid of missing out on a notable profit opportunity. With the involvement of heavy emoticons, FOMO by a substantial number of investors can pave the way for parabolic movements in the asset price. Hence, some investors act as if they are in a musical chair game and often indicate a bull market’s later phases.

2. Fear, Uncertainty, and Doubt (FUD)

The term Fear, Uncertainty, and Doubt (FUD) is often utilized in financial markets when there are sideways movements. In such a situation, majority of the investors show reluctance and less confidence while refraining from investment. Behind this scenario, FUD operates as a strategy that focuses on discrediting a specific brand, product, or an asset by spreading significant misinformation. In several cases, it turns out that the information is misleading or false. Nonetheless, there are also some cases where the information is true. Thus, it can be supportive to ponder what benefits people can get by openly sharing such opinions.

3. Bull and Bear Market

These two terms are opposite to each other in their nature. A bull market takes place at a time when an asset shows rapid and massive price rise. This occurs when bulls or the optimistic investors overpower the bears, who anticipate decline in the price of the asset. On the other hand, a bear market is the contrary, indicating a sudden and noteworthy slump in an asset’s price. In this case, bears overpower bulls by short selling as well as other such strategies to make profit from the asset’s plunging prices.

4. All-Time High (ATH)

An all-time high (ATH) is the peak price level of an asset. Keeping this in view, when an asset goes through a prolonged bear market, several traders experience notable losses. As a result of this, many of them intend to quit the market before more harm. Nonetheless, once the asset surges past its all-time high price, the investors are provided with huge returns, and they do not want to leave the market.

5. All-Time-Low (ATL)

Contrary to all-time-high (ATH), all-time-low (ATL) represents the lowest price in an asset’s history. Thus, dipping below an all-time-low price may trigger sharp further decline. Therefore, purchasing an asset at such a point could be very risky. In line with this, the investors need to be cautious when the asset breaches the all-time-low level.

6. SAFU

The term “SAFU” is derived from a meme incorporating Changpeng Zhao (CZ), the former CEO of Binance, asserting the safety of funds amid unplanned platform maintenance. While responding to this meme, Binance has developed the Secure Asset Fund for Users (SAFU) for the provision of a fund to cover likely security breaches. The respective funds are kept in an isolated cold wallet. The concept is that the fund may recompense the loss of the consumer funds in some extreme cases.

7. HODL

HODL underscores the misspelling of the word “hold.” This term basically deals with crypto holding and buying strategy. In addition to this, HODLing is another variant of this term, referring to keeping hold of investments irrespective of price plunges. Apart from that, HODLers are the investors who prefer to hold investments and are not efficient in short-term trading. They have high conviction in a specific asset and focus on keeping their investments for longer-term periods.

8. Anti Money Laundering (AML)

Anti Money Laundering (AML) stands for several regulations, procedures, and laws that are designed to keep criminals from camouflaging illegally acquired funds as legitimate revenue. AML processes make it difficult for criminals attempting to launder funds into clear money. AML regulations need financial entities like banks to observe the transfers of the users and report malicious activities. In this way, they detect the money laundering operations.

9. Due Diligence (DD)

Due diligence (DD) refers to the investigation carried out by a business or rational person before reaching a contract with the counterparty. In this respect, a rational business or person is supposed to do due diligence to guarantee that no likely red flags exist in the deal. While avoiding this, they cannot compare the likely risks with the anticipated benefits. This is exactly the case with investments. When investors think of making investments, they should do their own due diligence in order to have an overview of the risks involved in that investment. Otherwise, skipping this could leave them with no control over investment decisions. Hence, they may ultimately make wrong choices.

10. Know Your Customer (KYC)

Trading platforms and stock exchanges comply with regional and international regulations to operate. For instance, the NASDAQ and NYSE have to follow the guidelines implemented by the United States government. Keeping this in view, Know Your Customer (KYC) guidelines guarantee that institutions offering the trading of diverse financial instruments validate the identity of their consumers. This minimizes the risks related to money laundering.

from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/4ybN6Tm
via IFTTT