Token Events

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XRP Breakout Holds as XRPL Lending Vote Gains Momentum

XRP shows weekly strength, trading above EMAs after breaking from a descending wedge; XRPL advances XLS-65/66 lending upgrades with pooled vaults and fixed-term loans; derivatives rise in volume, open interest, and options activity. Abstract: This report notes XRP's persistent weekly momentum and price strength above key moving averages following a breakout from a descending wedge. It covers XRPL validators voting on XLS-65 and XLS-66, enabling native lending, pooled liquidity vaults, and fixed-term loans to expand on-chain financial activity. It also reports rising derivatives participation, with higher trading volume, open interest, and a surge in options activity, suggesting increasing trader positioning for a continued breakout.
XRP-5.14%
BTC-4.75%
BNB-3.02%
CryptoNewsLand·04-24 16:36

Morgan Stanley launches its first GENIUS Act-compliant stablecoin reserve fund MSNXX: annual fee 0.15%, minimum $10,000,000

Morgan Stanley Investment Management today launches the MSNXX stablecoin reserve fund, providing asset management for stablecoin issuers. The assets are invested in cash, 93-day U.S. Treasury bills, and overnight repurchase agreements. The NAV is fixed at $1.00, with an annual fee of 0.15%, and a minimum threshold of $10 million. This fund complies with the GENIUS Act requirements, integrating stablecoin funding into the U.S. government money market fund framework, demonstrating that stablecoin infrastructure is aligning with traditional finance.
USDC-0.04%
ChainNewsAbmedia·04-24 15:24

Metaplanet issues ¥8 billion in zero-coupon bonds to prepare to buy Bitcoin—who exactly is EVO, the legendary figure behind it?

Metaplanet announced that it will finance the EVO fund with 8 billion yen in interest-free bonds. All of the funds will be used to purchase Bitcoin, and about 1.2 billion yen of idle funds will be reallocated to increase holdings. The company currently holds 40,177 bitcoins, making it the third-largest reserve, but mNAV has fallen to 0.87, making it harder to buy more Bitcoin by issuing additional shares. EVO is a fund controlled by Michael Allerichi, a U.S. investor, and it is skilled at profiting through arbitrage-style trading of share warrants. Although this time there are no interest payments, it is effectively expected to dilute shareholders through future warrant exercises.
ChainNewsAbmedia·04-24 05:04

Pi Network launches the PiRC1 token framework, banning projects that have no real-world applications from issuing tokens

Pi Network unveiled the Pi Token Design Framework PiRC1 on April 22 as part of the Protocol V22 upgrade. PiRC1’s core rule is: only projects that already have deployable applications within the Pi ecosystem and that have real user demand are eligible to issue tokens. Token proceeds do not flow to the project team; instead, they flow into a perpetual liquidity pool anchored by Pi Coin to prevent rug-pull behavior.
PI-5.87%
MarketWhisper·04-24 03:27
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