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2 Jun 2026, 05:50

Robinhood, MetaMask, and Solana Back New On-Chain Finance Standard to Break Crypto Silos

BitcoinWorld Robinhood, MetaMask, and Solana Back New On-Chain Finance Standard to Break Crypto Silos Major financial platforms including Robinhood, MetaMask, and eToro have joined the Fireblocks-led Open Transaction Layer (OTL) project, a consortium aimed at creating a unified standard for on-chain financial infrastructure. The initiative, first reported by Financefeeds, seeks to solve a persistent problem in digital asset markets: the fragmentation of systems that forces institutions to build costly, bespoke integrations to interact with one another. What is the Open Transaction Layer? OTL is described as an integrated standard layer designed to overcome the ‘silo’ effect, where on-chain financial infrastructure operates in isolation across different institutions. The protocol will standardize three critical functions: identity verification, regulatory compliance checks, and transaction messaging. By creating a common language for these operations, OTL aims to enable institutions, individual wallets, and even AI agents to interact securely without needing complex, custom-built connections. The consortium currently includes a diverse set of payment and trading platforms such as MoonPay and SoFi, alongside major blockchain foundations like Solana, Stellar, and Polygon. The inclusion of Solana is particularly notable given its focus on high-speed, low-cost transactions, which could benefit from standardized compliance layers for broader institutional adoption. Why This Matters for Crypto Adoption The ‘silo problem’ has been a significant barrier to mainstream financial integration with blockchain technology. Each platform often develops its own compliance, identity, and messaging systems, making cross-platform transactions cumbersome and expensive. A standardized layer like OTL could reduce friction, lower costs, and improve security by providing a shared, auditable framework. For retail users, this could eventually mean smoother experiences when moving assets between platforms like Robinhood and MetaMask, or when interacting with decentralized applications that require identity verification. For institutions, it offers a pathway to comply with regulations like Anti-Money Laundering (AML) and Know Your Customer (KYC) without sacrificing the benefits of decentralized finance. Industry Implications and Next Steps The involvement of Fireblocks, a leading digital asset custody and settlement provider, adds credibility to the initiative. Fireblocks already secures over $6 trillion in digital asset transfers, giving the OTL project a strong foundation in security and enterprise-grade infrastructure. The addition of major consumer platforms like Robinhood and eToro signals that the standard is designed to bridge the gap between traditional finance and crypto-native applications. While the project is still in its early stages, the formation of such a broad consortium suggests growing industry consensus that interoperability standards are necessary for the next phase of growth. The coming months will likely see technical specifications and pilot implementations as the group works toward a production-ready protocol. Conclusion The Open Transaction Layer represents a pragmatic step toward making on-chain finance more accessible and compliant. By bringing together consumer platforms, infrastructure providers, and blockchain foundations, the initiative aims to reduce fragmentation and build the plumbing needed for mainstream adoption. For now, the market will watch for concrete technical releases and integration timelines from the consortium members. FAQs Q1: What is the Open Transaction Layer (OTL)? OTL is a standard protocol led by Fireblocks that aims to unify identity verification, compliance checks, and transaction messaging across different on-chain financial platforms, allowing them to interact without custom integrations. Q2: Which major companies have joined the OTL consortium? Members include Robinhood, MetaMask, eToro, MoonPay, SoFi, and blockchain foundations such as Solana, Stellar, and Polygon. Q3: How does OTL benefit regular crypto users? By standardizing compliance and identity processes, OTL could enable smoother and more secure transactions between different platforms, reducing the complexity and cost of moving assets across the ecosystem. This post Robinhood, MetaMask, and Solana Back New On-Chain Finance Standard to Break Crypto Silos first appeared on BitcoinWorld .

2 Jun 2026, 05:42

Crypto Market Sheds $38B as Strategy Sells BTC, Anthropic Files $965B IPO

Crypto News The total crypto market capitalization slipped 1.6% over the past 24 hours, erasing roughly $38.42 billion as Strategy's first Bitcoin disposal since 2022 unsettled traders. The aggrega...

2 Jun 2026, 05:41

Bitcoin Drops Below $71K as Strategy Sale Sparks $79M Polymarket Battle

Bitcoin News Bitcoin extended its losing streak in early Asian trading Tuesday, sliding below $71,000 to a multi-week low as risk-off sentiment swept digital assets. The flagship cryptocurrency dro...

2 Jun 2026, 05:35

TON Holders Back Gram Rebrand as Price Climbs 5%

The rebrand received strong community support, with nearly 80% of pledged voting power backing the change. Telegram founder Pavel Durov said the move is a return to the project’s roots and will not require any token swaps or technical changes. TON Revives Original Gram Name The Open Network (TON) is preparing for one of the biggest branding changes in its history, with plans to rename its native cryptocurrency from Toncoin (TON) back to Gram (GRAM), which is the name that was originally outlined in Telegram’s first white paper. The proposal is currently being voted on by the community, and has already received overwhelming support, with nearly 80% of pledged voting power backing the rebrand. Telegram founder Pavel Durov announced the move as a return to the project’s origins, and stated that Gram was the original name of the network’s currency before regulatory challenges forced a major shift in the project’s direction. The name was abandoned after the US Securities and Exchange Commission halted Telegram’s $1.7 billion token sale in 2020, leading Telegram to step away from the project and allowing the community-driven TON Foundation to continue development independently. Telegram post by Pavel Durov According to Durov, the transition to Gram is expected to take approximately three weeks and will not require any action from token holders. The Open Network explained that there will be no token swap, migration, bridge, claim process, or conversion event. Wallet addresses, balances, smart contracts, and network positions will remain unchanged. This means that the rebrand is purely a naming update rather than a technical overhaul. The announcement was made shortly after Telegram assumed a more prominent role in the ecosystem, becoming the network’s primary driver and largest validator. The rebrand is also part of the “Make TON Great Again” roadmap, which already included major network improvements like Catchain upgrades designed to increase throughput, lower transaction fees, and deeper integration with Telegram’s ecosystem. TON plans to transform Telegram’s billion-user messaging platform into a Web3-powered super app capable of supporting payments, digital ownership, mini-applications, AI agents, and decentralized services. Supporters believe the Gram brand better reflects the project’s original vision and could help strengthen its identity as it enters this next phase of development. TON’s price action over the past 24 hours (Source: CoinCodex) Traders responded positively to the news. Over the past 24 hours, Toncoin climbed by approximately 5% , rising to around $2.06. The token experienced a sharp rally surging from the $1.93 range to above $2.20 before consolidating. Although some profit-taking followed the spike, TON managed to hold on to a portion of its gains.

2 Jun 2026, 05:20

Raoul Pal: Bitcoin Remains Undervalued as Institutional Adoption Accelerates

BitcoinWorld Raoul Pal: Bitcoin Remains Undervalued as Institutional Adoption Accelerates Real Vision founder Raoul Pal has stated that Bitcoin (BTC) remains undervalued despite its recent price movements, arguing that the leading cryptocurrency is still in a long-term price discovery phase. Speaking during a recent podcast appearance, Pal emphasized that both Bitcoin and the broader cryptocurrency market are positioned for sustained growth, particularly as traditional financial institutions increase their exposure to digital assets. Bitcoin’s Long-Term Uptrend and Asset Allocation Pal, a former Goldman Sachs executive, explained that from an asset allocation perspective, Bitcoin and crypto assets could hold more value than technology stocks over the coming years. He pointed to the ongoing macro-economic environment, including inflation concerns and monetary policy shifts, as factors that make decentralized assets attractive to institutional investors. According to Pal, the current market cycle is not yet mature, and Bitcoin’s price discovery process is far from complete. Institutional Inflow and Regulatory Clarity A key driver of Pal’s bullish outlook is the accelerating entry of traditional financial institutions into the crypto space. He noted that major banks, asset managers, and payment companies are increasingly building infrastructure to support digital asset trading and custody. Pal also highlighted that as regulatory frameworks for cryptocurrencies become more established globally, blockchain-based services and institutional capital inflows are expected to gain full momentum. This regulatory clarity, he suggested, could serve as a long-term growth catalyst for both Bitcoin and the wider crypto market. What This Means for Investors Pal’s comments add to a growing chorus of financial experts who view Bitcoin as a legitimate asset class rather than a speculative bubble. For retail and institutional investors alike, the implication is that Bitcoin’s current valuation may not fully reflect its potential in a world where digital assets become integrated into mainstream finance. However, Pal also acknowledged that volatility remains a hallmark of crypto markets, and price corrections are part of the maturation process. Conclusion Raoul Pal’s assessment reinforces the narrative that Bitcoin is still in its early adoption phase, with institutional involvement and regulatory progress acting as key drivers. While short-term price swings are inevitable, the long-term outlook, according to Pal, points to continued appreciation as the market matures. Investors should weigh these factors alongside their own risk tolerance and investment horizon. FAQs Q1: Why does Raoul Pal believe Bitcoin is undervalued? Pal argues that Bitcoin is still in a long-term price discovery phase and that its current market price does not fully reflect its potential as a macro asset, especially as institutional adoption and regulatory clarity increase. Q2: How does institutional adoption affect Bitcoin’s price? Institutional adoption brings larger capital inflows, improved market infrastructure, and greater legitimacy, which can reduce volatility and support long-term price growth. Q3: What role does regulation play in Bitcoin’s future? Clearer regulations reduce uncertainty for institutional investors, making it easier for them to allocate capital to digital assets. This could accelerate the integration of blockchain services into traditional finance. This post Raoul Pal: Bitcoin Remains Undervalued as Institutional Adoption Accelerates first appeared on BitcoinWorld .

2 Jun 2026, 05:09

Bitcoin slide to $70,000 as stocks pause and Strategy's BTC sale weighs on crypto

BTC fell 3.4% in 24 hours to below $71,000, the lowest level in weeks, as Monday's 8-K filing disclosing Strategy's first publicized bitcoin sale continued to weigh.