Paul Ugbede Godwin

2 weeks ago | tekedia.com | Paul Ugbede Godwin

Ripple’s RLUSD stablecoin has been officially recognized as a compliant crypto token by the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC). This approval, announced on June 3, 2025, marks a significant milestone for Ripple, enabling RLUSD to be integrated into its DFSA-licensed payment solutions and used by nearly 7,000 registered businesses in the DIFC for virtual asset services like payments and treasury management.

2 weeks ago | tekedia.com | Paul Ugbede Godwin

Yuga Labs CEO Greg Solano proposed an Ape Improvement Proposal (AIP) to dissolve the ApeCoin DAO and replace it with a new entity called ApeCo. The proposal, titled “Sunsetting the DAO and Launching ApeCo,” aims to address inefficiencies in the DAO’s governance, which Solano described as “sluggish, noisy, and often unserious governance theater” that has funded “vanity proposals and low-impact initiatives.” If approved, ApeCo would take over all DAO assets, including over a billion APE tokens,...

2 weeks ago | tekedia.com | Paul Ugbede Godwin

The iShares Bitcoin Trust ETF (IBIT) has indeed made significant strides, entering the top 25 ETFs by assets under management (AUM). As of January 2025, IBIT has amassed over $52.9 billion in AUM, making it the largest spot Bitcoin ETF in the U.S. and a standout among all ETFs. This milestone was achieved in just 227 trading days, breaking records previously set by traditional ETFs like the iShares Core MSCI Emerging Markets ETF (IEMG).

2 weeks ago | tekedia.com | Paul Ugbede Godwin

Circle, the issuer of the USDC stablecoin, has increased its IPO share offering, targeting a $7.2 billion valuation. The company plans to sell 34.3 million shares at $22.25 to $24.75 each, up from the previously planned 25.7 million shares at $21.25 to $23.75. This upsized offering aims to raise up to $849 million. The IPO includes an option for underwriters to purchase an additional 5.145 million shares.

2 weeks ago | tekedia.com | Paul Ugbede Godwin

Kraken has launched Kraken Prime, a full-service prime brokerage platform tailored for institutional investors, such as asset managers, hedge funds, and corporations. The platform integrates trading, custody, and financing into a single interface, offering access to over 90% of the digital asset market’s liquidity across more than 20 global venues.