MAS revokes Bsquared license over false statements

Singapore’s MAS has revoked the Bsquared license after finding false statements and serious regulatory breaches at the crypto firm. Summary Singapore’s MAS revoked Bsquared Technology’s MPI licence effective May 14, less than 18 months after it was granted on January 1, 2025. MAS found serious weaknesses in risk management and conflict of interest policies, plus…

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WLFI Holders Dump 1.8B Tokens in Record Profit Event

“Age consumed” hit a record 17.4T, showing that long-dormant WLFI supply moved suddenly on-chain after Binance’s USD1/BTC listing. World Liberty Financial’s WLFI token recently hit a huge milestone after it recorded its highest-ever realized profit event. According to on-chain analytics firm Santiment, 1.8 billion of the Trump-linked tokens were sold at a profit on…

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Can OpenAI’s ‘Master of Disaster’ Fix AI’s Reputation Crisis?

Three months ago, OpenAI cofounder Greg Brockman told me his concerns about a mounting public relations crisis facing artificial intelligence companies: Despite the popularity of tools like ChatGPT, an increasingly large share of the population said they viewed AI negatively. Since then, the backlash has only intensified. College commencement speakers are now getting booed for…

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Ripple Prime Integration Gives Institutions Unified Access to EDX Markets

Key Takeaways Ripple Prime integrated EDX liquidity to expand institutional access across digital asset spot and perpetual futures markets. Clients gain centralized brokerage tools for trading, settlement, margin, and collateral management. RLUSD is planned to support compliant settlement and collateral workflows across spot crypto and perpetual futures trading. Ripple Prime Adds EDX Liquidity for Institutions…

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Amundi Solana UCITS fund marks European first

Amundi Solana UCITS fund SAFO launches as Europe’s largest asset manager brings €2.4 trillion AUM to the chain. Summary Amundi, Europe’s largest asset manager, and Spiko Finance launched SAFO, a UCITS-compliant fund on Solana, making it the eighth chain in their strategy. SAFO is a tokenized sub-fund under the SPIKO SICAV structure, backed by total…

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a16z-Backed Syndicate Labs Blames Shrinking Rollup Ecosystem for Shutdown Decision

Syndicate Labs revealed that all of its code will remain permanently open source and available for developers who want to continue building on the technology. Syndicate Labs, an on-chain development startup backed by Andreessen Horowitz, announced that it is winding down operations after five years of building infrastructure for on-chain developers. It cited major…

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