Sui Network is hosting Sui Connect Hong Kong on April 21, featuring discussions on the future of payments and onchain assets. The event will include presentations on how blockchain technology is shaping financial infrastructure and asset management.
Archives: Fast News
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Starknet releases STRK20s technical paper on privacy for ERC-20 tokens
Starknet has published the technical paper for STRK20s, a privacy layer designed to add confidentiality features to any ERC-20 token. The paper details the design, architecture, and technical foundations of the system. The release reflects growing interest in privacy solutions within blockchain infrastructure.
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OKX removes five altcoin trading pairs from spot trading
Major exchange OKX announced the removal of five altcoin trading pairs from its spot trading platform. The exchange did not provide specific details about which pairs are being delisted or the timeline for the changes. This move is part of ongoing efforts by exchanges to manage their trading offerings.
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CFTC to issue guidance on self-certified blockchain prediction market contracts
The U.S. Commodity Futures Trading Commission will issue guidance and begin formal rulemaking to allow cryptocurrency exchanges to self-certify blockchain prediction market contracts, according to CFTC official Mike Selig. The move represents a regulatory step toward clearer framework for prediction markets operating on blockchain networks, reducing barriers for exchanges to list such products without prior CFTC approval for each contract.
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BlackRock launches staked ether ETF amid growing demand for crypto yield products
BlackRock has introduced a staked ether ETF, expanding its crypto fund offerings as institutional investors seek yield-generating products. The move reflects growing demand for exposure to Ethereum staking rewards through regulated fund structures. This adds to BlackRock’s existing crypto ETF lineup, signaling continued institutional adoption of blockchain-based assets.
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Polkadot and Aptos decline as CoinDesk 20 index trades lower
Polkadot (DOT) dropped 2.3% and Aptos (APT) declined 2.3% from Wednesday, tracking broader weakness across the CoinDesk 20 index. Both tokens were among the largest underperformers in the tracked basket as the broader market sentiment turned cautious.
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FATF highlights risks from offshore crypto firms in money laundering and sanctions evasion
The Financial Action Task Force (FATF) warns that offshore crypto firms create risks for money laundering and sanctions evasion. Their operations span multiple jurisdictions, complicating enforcement and oversight, and limiting authority effectiveness.
The FATF advocates for enhanced regulatory measures, suggesting that governments mandate registration for offshore virtual asset service providers, as well as increased cooperation among international regulators to address these risks.
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FATF warns offshore crypto firms create money laundering gaps
The Financial Action Task Force released a report indicating that cryptocurrency exchanges operating offshore may create enforcement gaps for anti-money laundering (AML) regulations. The findings suggest that regulatory oversight becomes more challenging when crypto firms operate outside traditional jurisdictions, potentially hampering authorities’ ability to track illicit financial flows and enforce sanctions compliance.
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Tether invests in Ark Labs’ 5.2 million USD seed funding to enhance Bitcoin stablecoins and programmable financial systems
Ark Labs has raised 5.2 million USD in a seed round led by Tether, aimed at developing their Layer 2 platform, Arkade. The funding will also support team expansion, moving from 10 to around 25 members.
The Arkade platform will enable off-chain settlement of stablecoins, such as USDT, utilizing Bitcoin liquidity, facilitating advanced financial applications like payments and lending.
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MoonPay X Games League offers stablecoin signing bonuses to drafted athletes
Athletes selected in Thursday’s draft for the MoonPay X Games League will receive signing bonuses paid in stablecoins powered by Exodus. The move represents an effort to integrate cryptocurrency into professional sports compensation, with the league using blockchain-based payments for athlete contracts.