Cryptocurrency Live News & Updates : Mill City Ventures Invests $450M in Sui
Mill City Ventures is allocating $450 million to acquire Sui (SUI) tokens, aiming to bridge traditional finance with blockchain technology, backed by notable firms like Galaxy and Pantera. In a significant move for the cryptocurrency landscape, Mill City Ventures has announced a $450 million investment strategy focused on acquiring Sui (SUI) tokens, positioning itself at the intersection of traditional finance and blockchain innovation. This initiative is supported by prominent investors such as Galaxy Digital and Pantera Capital. Meanwhile, Grove Finance is set to launch on Avalanche, deploying up to $250 million in real-world assets to enhance tokenization efforts on the platform. This partnership aims to facilitate the adoption of decentralized stablecoin USDS and attract institutional capital. Additionally, Brickken has integrated with Credefi to create a permissionless lending system utilizing real-world assets as collateral, further expanding the DeFi landscape. In the broader market, Solana's SOL token has seen a 28% increase, generating optimism among traders, although major players remain cautious. Lastly, Tron Inc. has filed a $1 billion shelf registration with the SEC, indicating its commitment to accumulating TRX tokens as part of its evolving corporate strategy. Together, these developments highlight a growing trend of institutional interest and innovative financial solutions within the cryptocurrency sector. Show more
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
12 hours ago
- Economic Times
Trump momentum drives stablecoin urgency in Asian financial hubs
Asian markets are hurriedly updating their stablecoin rules as President Donald Trump's embrace of US dollar-pegged cryptocurrencies instills a fresh sense of urgency among the region's authorities. ADVERTISEMENT Recent developments in South Korea, Hong Kong, Malaysia, Thailand and the Philippines point to a proliferation of stablecoins pegged to Asian currencies — even as authorities raise concerns about capital outflows. Regional heavyweights including and Ant Group plan to capitalize by applying to become issuers. Shares in Kakaopay Corp. ballooned on expectations that it would do the same. Even China, which has for years imposed a sweeping crypto ban, appears to be warming to the notion of tokens that serve as yuan surrogates. It all stems from the US, where lawmakers recently passed legislation that will promote wider use of digital tokens that seek to maintain a 1:1 peg with the dollar. The White House earmarked dollar stablecoins as a priority in a January executive order, days after Trump's inauguration. 'The Genius Act has opened the floodgates for stablecoin adoption,' said Benjamin Grolimund, General Manager for the UAE at crypto exchange Flipster. 'Whether you support it or not, stablecoins are now unavoidable.' ADVERTISEMENT Overhanging Asia's flurry of activity is the fear of capital flight. The dollar reigns supreme in today's stablecoin market, with $256 billion in tokens pegged to the greenback. These maintain their price by managing reserves of cash-like assets, such as US Treasuries. By contrast, there's just $403 million of euro-backed stablecoins in circulation, despite a well established regulatory framework covering such products in the form of the Markets in Crypto-Assets Regulation are already trading piling into dollar-pegged stablecoins. Transactions involving USDT, USDC and USDS — three of the largest dollar proxies — on five domestic exchanges reached 57 trillion won ($41 billion) in the first quarter, Yonhap News reported, citing Bank of Korea data. ADVERTISEMENT Local lawmakers in recent weeks clashed with the central bank over whether to allow Korean companies to issue won-based stablecoins. President Lee Jae Myung's ruling Democratic Party on June 10 proposed the Digital Asset Basic Act, creating a pathway for local firms to become weeks later, Ryoo Sangdai, Senior Deputy Governor at the Bank of Korea, warned that stablecoins may shift the country's longstanding policy stance on capital liberalization and the won's internationalization. Central bank Governor Rhee Chang Yong went further, arguing that non-bank stablecoins would 'cause big chaos like in the 19th century,' when currencies issued by the private sector flooded the market. ADVERTISEMENT 'Local stablecoins, while offering regulatory visibility at the point of issuance, carry the risk of becoming efficient bridges to global markets through seamless crypto-to-crypto swaps on decentralised exchanges,' said John Park, head of Korea at Arbitrum central banks need to find ways to channel the momentum, rather than fighting it, Park said. Regulatory frameworks should aim to preserve sovereignty while staying competitive, he added. ADVERTISEMENT For digital-asset trading firms, a more diverse stablecoin market is a no-brainer.'Capital controls are a challenge,' said Yoann Turpin, co-founder of crypto market maker Wintermute. 'But stablecoins could provide a vetted, more efficient on-chain system.' Such a setup could streamline arbitrage trades across venues or between markets without the constraint of foreign exchange market hours, said Le Shi, Hong Kong managing director at market making firm Auros. 'There's a real use case for local currency stablecoins — particularly for enabling weekend liquidity and smoother capital movement.' Another possibility is that the growth of local stablecoins could enliven crypto economies in Asia. In South Korea, an estimated 18 million people, over a third of the country's population, are engaged in digital assets. Sam Seo, chairman of the Kaia DLT Foundation, said a won-backed stablecoin would serve different needs than US dollar alternatives.'In the short term, swaps between the won and USDT will dominate. But longer term, we'll need stablecoins from other countries to support direct pairings and faster settlement,' Seo Kong, meanwhile, has quickly become the region's stablecoin laboratory. The Hong Kong Monetary Authority is particularly focused on 'viable and practical use cases,' not just capital buffers, Clara Chiu, founder of QReg Advisory said. Many of the issuers that have taken an interest in yuan-backed stablecoins are trading and payment firms that are already using the yuan in cross-border settlement. 'That's where the practical demand lies,' Chiu added. While China's next steps are far from certain, crypto firms including brokers are already preparing for the prospect of yuan-pegged stablecoins. Kennix Chan, vice president at Victory Securities, said the firm is in active talks with a range of would-be issuers in Hong firm's affiliate, VDX, is close to securing a license to operate a digital-asset exchange, according to Chan, allowing it to offer new trading pairs — such as Bitcoin against stablecoins pegged to the Hong Kong dollar — and eventually yuan-backed equivalents. 'When a yuan-stablecoin is born, the market will definitely be exponentially bigger,' Chan its blanket crypto trading ban, China appears to be warming to blockchain as a financial tool. People's Bank of China Governor Pan Gongsheng said in June that stablecoins could revolutionize international finance, as rising geopolitical tensions highlight the fragility of traditional payment systems.A recent licensing upgrade granted for a major Chinese state-owned brokerage to deal in digital assets through Hong Kong has also stirred optimism among Chinese players. 'It gave hope that there's a way,' Chiu said. Still, few expect Beijing to open its doors to crypto trading anytime soon. Lily King, chief operating officer at digital-asset custodian Cobo, said Hong Kong will continue to serve as a testing ground for Chinese enterprises looking to build overseas. 'China may not feel the need to open itself,' she added. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
a day ago
- Time of India
Shiba Inu and Pepe to battle for best memecoin to buy, while Remittix is turning heads In the DeFi token world
Meme season is back, and this time, the spotlight is firmly on Shiba Inu and Pepe coin. As Bitcoin consolidates near $120K and traders eye altcoin opportunities, retail money is flowing fast into meme tokens with strong communities and high volatility. But it's not just about the memes anymore. Behind the hype, a serious wave of capital is moving toward DeFi projects solving real problems. And one low-cap altcoin is quietly capturing the attention of traders hunting for the best meme coin to buy and the best utility token to hold. That token? Experts are saying it's Remittix (RTX). Shiba Inu Price Action: Is the Hype Rebuilding? Shiba Inu has been climbing steadily in July, bouncing off $0.000017 and trying to reclaim the psychological $0.00002 zone. Whales have been spotted accumulating, with on-chain data showing billions of SHIB moved into self-custody wallets, a common signal before breakout attempts. While the fundamentals remain meme-driven, SHIB has historically rallied on community events, and many traders are betting it could return to 2021 levels in a full bull run. But even some SHIB holders are now diversifying into projects with more upside potential and actual products. Pepe Coin Is Back in the Mix Pepe coin shocked the market earlier this year with a 500% spike, and it's now flirting with another leg up. The PEPE price is hovering near $0.0000012 and trading volume on decentralized exchanges has surged in recent days. Source: TradingView Analysis shows a clear breakout pattern forming. If it plays out, PEPE could double quickly, but meme coin traders know all too well how sharp the reversals can be. Still, the frog army remains strong. And while PEPE doesn't pretend to offer utility, it's earned a place in the best meme coin to buy conversation for pure volatility plays. But volatility isn't enough for everyone. Why Remittix (RTX) Could Be The Next Dark Horse While Shiba Inu and Pepe coin dominate meme conversations, a new altcoin is making noise for a different reason. Remittix (RTX) is solving a real-world problem: how to turn crypto into cash fast, without relying on centralized exchanges. Built on Ethereum, Remittix lets users send crypto directly to bank accounts in 30+ countries. No long delays. No hidden conversion fees. No need to swap to stablecoins first. And that real utility is driving demand from retail traders, freelancers and even crypto whales. Why Remittix Is One of the Best DeFi Tokens To Watch: Solves a $19T remittance problem using on-chain rails Audited by CertiK, trusted by 25k+ active holders Real product live in beta, with wallet launch set for Q3 $250,000 Remittix Giveaway now live for early supporters Remittix isn't a meme coin. But in a market chasing returns, it's outperforming many of them, up over 450% since launch. It's now firmly in the conversation not just as a DeFi project, but as a genuine top crypto to buy now ahead of listings. Meme Coins for Fun, Remittix for Function Shiba Inu and Pepe coin are still top contenders when it comes to the best meme coin to buy in 2025. Both have strong followings and breakout potential in this market. But if you're looking for something with actual use, upside and momentum, Remittix offers a smarter play. And with the $250,000 Giveaway still running, now may be the right time to see why so many are calling it the next big thing in crypto. Discover the future of PayFi with Remittix by checking out their presale here: Website: Socials: $250K Giveaway:
Hindustan Times
2 days ago
- Hindustan Times
Samsung launches Galaxy Book 4 Edge in India: Price, specifications, availability
Samsung has launched the Galaxy Book 4 Edge in India, expanding its AI-powered personal computing offerings. The device is equipped with on-device AI features and Microsoft's Copilot+ integration. It is part of Samsung's Galaxy AI ecosystem, enabling connectivity between Galaxy smartphones and PCs. With features like Link to Windows, Multi Control, and Second Screen, the Galaxy Book 4 Edge allows users to mirror smartphone screens on the PC.(Samsung) With features like Link to Windows, Multi Control, and Second Screen, the Galaxy Book 4 Edge allows users to mirror smartphone screens on the PC and manage devices across platforms. Galaxy AI functionalities such as Chat Assist and Live Translate are now available on this PC. The Galaxy Book 4 Edge runs on the Qualcomm Snapdragon X processor, delivering up to 45 trillion operations per second (TOPS) of neural processing unit (NPU) performance. It includes Qualcomm's Adreno GPU and supports features like Cocreator, which uses AI to convert sketches and text prompts into images. Windows Studio Effects are also available, offering tools such as voice focus, background blur, and eye contact correction during video calls. The device comes in a 15-inch variant with a full HD (1080p) camera, Wi-Fi 7 support, and a battery that is claimed to last up to 27 hours on a single charge. It is manufactured using recycled materials, including plastic, glass, and aluminium. The device weighs 1.55 kg. Security features include Samsung Knox, providing hardware-level and real-time threat monitoring. As a Microsoft Secured-core PC, it offers firmware protection and supports on-device data management with features like Recall. Users can control or delete stored data directly on the device. The Galaxy Book 4 Edge is priced at ₹64,990 in India. A launch offer provides ₹5,000 cashback on select bank cards, bringing the effective price down to ₹59,990. The device is available starting today via Samsung's official website, Flipkart, the Samsung Shop App, Samsung Experience Stores, and authorised retail outlets.
