Author: Kryptonews

The unusual crossover of two fiercely competing Layer-1 powerhouses, Solana (SOL) & Ripple (XRP) is finally happening. Despite serial brawls, a new cross-chain interoperability venture will handle the Wrapped XRP (wXRP) token on Solana’s Layer-1 chain.XRP On SOL: Uncanny Match Stuns Crypto AficionadosA Hong-Kong headquartered crypto firm called Hex Trust is collaborating with LayerZero to present this opportunity. Solana’s (SOL) representatives on X have praised XRP for strong liquidity & market resilience throughout the years, adding that “XRP has stood the test of time and cemented itself as one of crypto’s preeminent and most liquid currencies”. XRP has stood the…

Cryptocurrency markets saw another week of downside, as investors eagerly anticipated the year’s last Federal Open Market Committee (FOMC) meeting.Bitcoin (BTC) rose to a weekly high of $94,330 on Tuesday as investor morale was bolstered by Strategy’s $962 million Bitcoin acquisition, the company’s largest investment since July 2025.On Wednesday, the US Federal Reserve delivered a widely anticipated 25-basis-point interest rate cut. Crypto markets saw a temporary bounce, as lower rates and cheaper borrowing costs typically increase risk appetite and capital entering risk assets such as crypto.However, the market’s upside was temporary, as the Fed’s latest interest rate cut was “widely…

Key Takeaways:Coinbase will launch prediction markets and in-house-tokenized stock trading on December 17.In the last month, tokenized equity activity has increased by 32% to reach a high in transfer volume of $1.45 billion.Simple and tokenized assets Major competitors such as Gemini, Robinhood, Crypto.com, and Kraken are speeding up their move into prediction markets.Coinbase is poised to go big in other areas besides traditional trading of crypto. The exchange intends to roll out two product lines that are in great demand prediction markets and tokenized stocks in a livestream event on December 17. These products are becoming some of the most…

Earlier this week, a retired General Services Administration official accused the Trump administration of attempting to demolish four historic federal buildings in Washington, D.C., including the Wilbur J. Cohen Federal Building, Bloomberg Law reported. The former official, Mydelle Wright, made the allegation in a supplemental declaration filed in a case brought by preservation groups seeking to stop President Trump from painting a stone federal building. Wright said the White House is soliciting bids for the demolition of the buildings without the involvement of the GSA, which she added has “sole authority over this process” when it comes to maintaining government…

Tether, the stablecoin company that issues the USDt (USDT) dollar-pegged token, is considering tokenizing investor equity and share buybacks to offer liquidity for investors as it seeks a $500 billion valuation. Bloomberg reported on Friday, citing a source familiar with the matter, that Tether recently stopped an existing shareholder from selling their stake as the company is in talks to raise $20 billion for a 3% stake in the stablecoin’s issuer business. The investor sought to sell a $1 billion stake that valued Tether at $280 billion, Bloomberg reported. In response, Tether plans to offer investor liquidity through tokenization or…

Oracle took another hit after word spread that several data centers tied to its massive OpenAI contract will now finish in 2028, not 2027. Reportedly, the change came from labor shortages and limits on key materials, and investors reacted fast. The stock dropped as much as 6.5%, then traded down 5.3% at $188.26 on Friday. Oracle and OpenAI did not comment on the delay, even though the projects are meant to support one of the biggest AI infrastructure deals in the world. The contract is worth $300 billion, signed this summer, and it requires Oracle to supply the computing power…

DOT$1.9753 suffered a technical breakdown during Friday’s session as the token plunged from a high of $2.09 to $1.97, erasing its previous rally momentum. The decline occurred on heavy volume that reached 284% above normal levels, according to CoinDesk Research’s technical analysis model.The model showed that the token broke support at $2.05 as selling pressure intensified throughout the period.The breakdown accelerated on volume of 10.3 million tokens, confirming the violation of ascending trendline support that anchored the recent bullish structure, according to the model.Multiple tests of the $2.05 level established this zone as key resistance before the collapse undermined technical…

Figure Technology, a blockchain-based financial services company focused on tokenized assets and lending, has filed for a second public offering aimed at issuing native equity directly on a public blockchain. The move, which follows the company’s recent Nasdaq listing, is designed to expand decentralized finance (DeFi) use cases on Solana.Speaking at the Solana Breakpoint conference, Figure executive chairman Mike Cagney said the company has submitted a filing with the US Securities and Exchange Commission (SEC) to launch what he described as “a new version of Figure equity on a public blockchain,” specifically Solana.Cagney said the blockchain-native equity would not trade…

PNC Bank, one of the leading financial institutions in the United States with over $550 billion in assets under management, has taken a significant step into the digital asset space through a strategic partnership with Coinbase, the largest publicly traded cryptocurrency exchange in the U.S. This collaboration enables select PNC customers to access Bitcoin trading functionalities directly through the bank’s digital ecosystem—an indication that cryptocurrency is no longer a fringe phenomenon, but a maturing financial sector being acknowledged by the most conservative corridors of finance.This development is more than a technical integration; it’s a doctrinal shift. For years, traditional banks…

The House Financial Services Committee sent a letter to the SEC on December 12, 2025, urging the regulator to amend existing rules to permit Bitcoin and other digital assets within 401(k) plans. The move seeks to formally integrate crypto into the U.S. retirement system, potentially unlocking a new capital source for the asset class.House Committee Demands SEC Action on Crypto in Retirement FundsThe letter directly references President Trump’s August 7, 2025, executive order, “Democratizing Access to Alternative Assets for 401(k) Investors.” That order mandated the SEC and the Department of Labor to review and dismantle barriers preventing alternative investments from…