Tekedia

Tekedia focuses on topics like technology, innovation, do-it-yourself projects, entrepreneurship, and education, particularly in the African context.

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DFSA Recognition of RLUSD Strengthens Ripple Position In The Stablecoin Market

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.
Proposal To End ApeCoin DAO And Launch ApeCo Could Reshape Yuga Labs’ Ecosystem

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,...
IBIT Entry Into The Top 25 ETFs By AUM Marks A Turning Point For Bitcoin Integration

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).
Circle’s IPO Strengthens Its Position Against Competitors Like Tether (USDT)

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.
Launch of Kraken’s Prime Brokerage Service For Institutional Clients A Pivotal Moment For DeFi

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.
Truth Social Bitcoin ETF Is A High-Stake Move With Potential To Reshape Crypto’s Mainstream Perception

2 weeks ago | tekedia.com | Paul Ugbede Godwin

Trump Media & Technology Group, the parent company of Truth Social, has filed for a spot Bitcoin ETF named the Truth Social Bitcoin ETF. On June 3, 2025, NYSE Arca filed a Form 19b-4 with the SEC to list the ETF, followed by an S-1 registration statement on June 5, 2025. The ETF aims to track Bitcoin’s price and will be managed by Yorkville America Digital, with Crypto.com’s Foris DAX Trust Company as the custodian.
Bitcoins’ Future – ‘JP’, Blackrock, the Quantum ruse, and the BIP 360 twists! - Tekedia

2 weeks ago | tekedia.com | John Mc Keown

Blackrock and JP Morgan. Two companies who have very different types of noises coming out of them about Bitcoin. BlackRocks’ iShares Bitcoin Trust ETF (IBIT) is arguably the most successful ETF of all time. In its updated prospectus for IBIT, BlackRock mentions quantum computing under its “risk factors” section.
X Announces Partnership With Polymarket

2 weeks ago | tekedia.com | Paul Ugbede Godwin

Social media platform X, owned by Elon Musk, announced a partnership with Polymarket on June 6, 2025, naming it their official prediction market partner. This collaboration integrates Polymarket’s decentralized, cryptocurrency-based prediction platform, which operates on the Polygon blockchain, with X’s real-time data and xAI’s Grok AI.
Why A $22 Billion Tariff Revenue Spike Could Bolster US Coffers

3 weeks ago | tekedia.com | Paul Ugbede Godwin

Historically, tariff revenue has fluctuated, with $80.3 billion collected in FY2023. Recent reports indicate April 2025 customs revenue reached $16.3 billion, a record at the time, driven by Trump’s tariffs. Projections suggest tariffs could raise significant revenue—potentially $2.7 trillion to $5.2 trillion over a decade, depending on the model—but these are estimates, not actuals, and account for dynamic effects like reduced trade volumes.
U.S. Extends Tariffs On GPUs And Select Chinese Goods

3 weeks ago | tekedia.com | Paul Ugbede Godwin

The U.S. has extended the tariff pause on select Chinese goods, including GPUs, motherboards, and solar panels, until August 31, 2025, as part of Section 301 exemptions. This follows a 90-day extension from the previous deadline of August 14, 2025, announced by the Office of the U.S. Trade Representative The pause aims to support ongoing trade negotiations, with a call between U.S. and Chinese counterparts expected this week to discuss trade terms, though no specific date has been confirmed.