Pharos Network Unveils High-Performance Layer 1 Testnet to Unlock RWA Adoption

[PRESS RELEASE – Hong Kong, Hong Kong, May 7th, 2025] Pharos Network, a high-performance blockchain built for real-world assets (RWAs), announced the launch of its Testnet. Designed for institutional-grade RWAs and enterprise-scale DeFi, Pharos offers a next-generation, modular infrastructure that addresses the key bottlenecks preventing institutions from entering Web3. The platform powers scalable deployment of…

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Sonic Labs Wins Court Order to Liquidate Multichain Foundation

Sonic Labs CEO Michael Kong announced that the Singapore High Court has approved the liquidation of Multichain Foundation, appointing KPMG’s Singapore branch as liquidators. Multichain’s Refusal to Cooperate Forced Sonic Labs’ Hand Sonic Labs CEO Michael Kong said the Singapore High Court has approved his firm’s application to liquidate Multichain Foundation. Kong revealed that the…

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Abu Dhabi sovereign wealth fund, Citadel Advisors boost BlackRock Bitcoin ETF holdings

Key Takeaways Mubadala Investment Company increased its holdings in BlackRock’s spot Bitcoin ETF to 8.7 million shares valued at $408 million. Citadel Advisors expanded its IBIT holdings to over 3 million shares worth approximately $147 million. Share this article New SEC filings reveal that Abu Dhabi’s Mubadala Investment Company and Citadel Advisors have increased their…

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Franklin Templeton Launches Singapore’s First Tokenized Fund for Retail Investors

Franklin Templeton has received approval from Singapore’s central bank to launch a tokenized money market fund, the first of its kind for retail investors in the country. The move marks a significant step in integrating blockchain with traditional finance. Regulatory Greenlight for Blockchain-Based Money Market Fund by Franklin Templeton Franklin Templeton has secured regulatory approval…

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