According to Fortune, the blockchain financial company Dinari announced the completion of a $12.7 million Series A financing round, which was led by Hack VC and Blockchange Ventures, with participation from VanEck Ventures, F-Prime, and Avalanche Fund. The company's total financing has reached $22.65 million, with a valuation of $40.15 million in 2024. It is reported that Dinari is a Web3 equity trading platform that has launched the dShare platform outside the United States, which matches tokens with underlying securities on a 1:1 basis.
JPMorgan's blockchain division Kinexys (formerly Onyx) announced partnerships with eight major banks in the Middle East and North Africa (MENA), including Qatar National Bank, Saudi National Bank, First Abu Dhabi Bank, Emirates NBD Bank, Dubai Commercial Bank, Bank ABC, and two unnamed banks. These banks will use the Kinexys platform to enhance cross-border payments, fund management, and transaction efficiency. (TheBlock)
Kraken has launched cryptocurrency derivatives trading services for professional clients in the UK
Cryptocurrency exchange Kraken has launched cryptocurrency derivatives trading services in its second largest market, the UK. This product is only available to 'professional clients' as defined by the UK's Financial Conduct Authority (FCA). Kraken's head of derivatives, Alexia Theodorou, stated that crypto derivatives will be offered through Kraken's Multilateral Trading Facility (MTF), which is operated by Crypto Facilities, the first crypto company to receive MTF authorization from the FCA in 2020. Kraken acquired Crypto Facilities in 2019 for over $100 million. Recently, Kraken also acquired a MiFID II entity in Cyprus and NinjaTrader in the US. (TheBlock)
MultiBank Group Reaches $3 Billion RWA Tokenization Agreement with UAE Real Estate Giant MAG and Mavryk
The Dubai financial derivatives institution MultiBank Group has reached a $3 billion RWA tokenization agreement with UAE real estate giant MAG and blockchain infrastructure provider Mavryk, creating the largest scale globally. MAG's luxury real estate projects (such as the Dubai Ritz-Carlton apartments and Keturah Reserve) will be tokenized through MultiBank.io's regulated RWA market, based on the underlying Mavryk blockchain and governed by the MBG token. MAG Senior Vice President Talal Moafaq Al Gaddah stated that the $3 billion real estate will be issued in separate RWA token form, allowing investors to earn daily returns through the platform, with the MBG token providing trading discounts and priority purchasing rights, and adopting a buyback and burn mechanism. (Cointelegraph)
Wu said that Binance Wallet has announced support for Sonic Chain and will airdrop exclusive S tokens and Sonic Chain ecosystem assets to active traders of Binance Alpha on Sonic Chain. Specific details will be announced separately.
Swiss asset management company 21Shares submitted S-1 registration documents to the U.S. Securities and Exchange Commission (SEC) to apply for the launch of the SUI exchange-traded fund (ETF). The price of SUI rose by 3.35% in response to this news, currently reported at $3.65. Six weeks ago, Canary Capital submitted SUI ETF application documents. (CoinDesk)
Wu said that according to Dexu AI data, along with the rise of BTC, AI Agents have become the best-performing sector in the past 30 days, with an overall increase of 103.37%. However, AI Agents are still one of the three worst-performing sectors this year, having fallen over 60% since the beginning of the year.
According to Cointelegraph, Zack Witkoff, co-founder of the Trump family project World Liberty Financial, stated at Token2049 that the USD stablecoin USD1 issued by WLFI will also be natively issued on the Tron chain. Previously, WLFI had issued the stablecoin USD1 on the BNB Chain.
Ethereum developers are advancing two new standards, ERC-7930 and ERC-7828
According to Decrypt, Ethereum developers are advancing two new standards, ERC-7930 and ERC-7828, to improve the user experience of cross-chain transactions. ERC-7930 provides a standardized format for computers, clarifying the network to which an address belongs; ERC-7828 converts addresses into human-readable formats, such as '[email protected]', reducing losses caused by address confusion when users transfer assets across different networks. The multi-protocol team Wonderland introduced at the Ethereum L2 interoperability working group meeting that current wallets and protocols lack a unified standard for parsing and displaying cross-chain address information. The new standards are expected to be finalized on May 9, and will subsequently be implemented in wallets, block explorers, and cross-chain protocols. The Ethereum Pectra upgrade is scheduled to go live on May 7, after being delayed due to testnet issues.
Eric Trump, the second son of Trump, stated at the Token2049 event held in Dubai that the US dollar stablecoin (USD1) issued by the Trump family project World Liberty Financial has been officially selected as the official stablecoin to complete MGX's $2 billion investment in Binance. Earlier this year, the Abu Dhabi-based investment firm MGX announced it would invest $2 billion to purchase shares in Binance. (CoinDesk)
According to CryptoNews, the UK cryptocurrency company BTCMining Limited has been shut down for alleged fraud. Users from multiple countries (including Estonia, Mauritania, Iran, and others) have complained that after paying for mining services, they did not receive the promised returns and are unable to withdraw funds. The UK's anti-fraud agency Action Fraud has received 6 formal complaints, with user losses exceeding $18,000, but the actual number of victims may be higher. Investigations found that the company has no legitimate registered address, its website is no longer accessible, and the sole director Stibich Martins Yhaicha Luzia (who has been in position since the company's establishment in January 2024) is unreachable. The Manchester High Court ruled to close the company on April 28.
Wu said that Binance Wallet announced a product update and upgrade, adding features: the trading page now supports Sui exchanges; the asset page has added financial product recommendations; the Meme leaderboard supports participation in the internal market phase; the Meme token detail page will display more detailed data.
Ethena Labs and Ethena Foundation announced a partnership with TON Foundation to introduce the synthetic stablecoins USDe and sUSDe into the Telegram ecosystem. sUSDe will be integrated into TON in the form of 'tsUSDe', allowing users to access this asset directly through Telegram, while Ethena products will be integrated into the Telegram native wallet and TON-compatible wallets such as Tonkeeper and TONHub. (TheBlock)
According to CNBC, Tether CEO Paul Ardoino stated in an interview that Tether is preparing to launch a new stablecoin product in the United States as early as the end of this year or at the latest early next year. Ardoino indicated that Tether's plans to advance into the U.S. market will depend on the progress of U.S. Congress in stablecoin legislation. He emphasized that Tether is actively collaborating with law enforcement to seek regulatory support and stated that the current USDT is 'one of America's most successful export products.' He revealed that Tether is developing a product for the U.S. that is 'different from the existing USDT' to better suit local market regulations and demands.
The cryptocurrency payment platform Mesh has announced the upcoming launch of a new feature that supports Apple Pay, allowing consumers to shop with cryptocurrency while merchants settle in stablecoins, without directly dealing with crypto assets. This feature utilizes Mesh's proprietary SmartFunding technology to convert cryptocurrency to stablecoins in real-time at checkout, and is expected to go live in the second quarter of this year. Previously, Mesh completed a $82 million funding round led by Paradigm. (CoinDesk)
According to reports from Malay Mail, the police in Terengganu, Malaysia, in conjunction with the TNB SEAL team, conducted raids in Ulu Terengganu and Marang to crack down on an illegal Bitcoin mining gang. They seized 45 mining machines on site, worth approximately 225,000 ringgit (about 360,000 yuan). The gang is suspected of illegally tapping electricity in residential and commercial areas, causing monthly losses of about 36,000 ringgit.
Wu said that the Deribit platform will welcome the expiration of over 2.85 billion dollars in cryptocurrency options tomorrow at 16:00 Beijing time. Among them, the nominal value of Bitcoin (BTC) options is 2.54 billion dollars, with a maximum pain point price of 90,000 dollars. The nominal value of Ethereum (ETH) options is 316 million dollars, with a maximum pain point price of 1,800 dollars.
Wu said that Singapore Gulf Bank (SGB), which holds a full license, has launched SGB Net, a real-time multi-currency clearing network designed to support the growing operational needs of digital asset participants. The platform supports free transfers around the clock, without relying on SWIFT or being limited by traditional bank operating hours. SGB Net is attracting all participants in the global digital economy, including cryptocurrency exchanges, stablecoin issuers, market makers, over-the-counter trading platforms, and prime brokers.