5 Aug 2025, 14:00

Forget Bitcoin, a Nasdaq firm just picked Toncoin as its treasury asset

TON Strategy Co. secures $558M to become first public Toncoin treasury.

5 Aug 2025, 14:00

Shiba Inu Open Interest Crashes From $328 Million July Peak To $190 Million, What’s Going On?

Shiba Inu’s Open Interest (OI) has crashed from its July peak, sparking a bearish sentiment for the foremost meme coin. This development has coincided with the recent crypto market crash, as investors choose to wait on the sidelines amid market uncertainty. Shiba Inu’s Open Interest Crashes To $190 Million Coinglass data shows that Shiba Inu’s Open Interest is currently at $190 million, down significantly from its July peak of $328 million recorded on the 22nd of last month. Since then, the OI has declined daily, indicating a drop in interest in the meme coin among traders. Open Interest refers to the number of open positions on an asset at a particular time. A plausible reason for the drop in Shiba Inu’s Open Interest is the crypto market correction , which has occurred over the last two weeks. SHIB has dropped from its local high of around $0.000016 as a result. Meanwhile, the meme coin is down over 8% in the last seven days. Notably, Shiba Inu had hit this local high on July 21, which highlights the correlation between price performance and this derivatives metric. One reason for this market correction is the Trump tariffs , which are set to take effect from August 7. The U.S. president yesterday threatened to substantially raise tariffs on India from the current proposed 25%. This is a development that could further impact the markets, including crypto assets like Shiba Inu. The tariffs have a direct impact on the global economy and could negatively impact the flow of liquidity into these assets if they lead to inflation. Furthermore, the U.S. economy already looks to be in a fragile state, thanks to the July job report , which came in lower than expectations. A weak labor market could have several ripple effects, including a recession or stagflation, which is bearish for Shiba Inu and other assets. Some Positives For SHIB The Shiba Inu long/short ratio is currently 1.09, which indicates that most traders are still bullish on the meme coin. This could help spark a market recovery, especially as the broader crypto market picks up. SHIB, alongside other crypto prices, has shown a resurgence on July 4, as the total crypto market surged as much as 2%. Thanks to this rebound, Shiba Inu’s derivatives trading volume surged as much as 20% to $161 million. Meanwhile, crypto analyst Javon Marks has again doubled down on his prediction that the foremost meme coin can record a 500% rally to reach $0.000081. This will bring SHIB close to its current all-time high (ATH) of $0.00008845. At the time of writing, the Shiba Inu price is trading at around $0.00001233, up in the last 24 hours, according to data from CoinMarketCap.

5 Aug 2025, 13:55

Revolutionary BB Prime: BounceBit Unlocks New RWA-Backed Yield Opportunities

BitcoinWorld Revolutionary BB Prime: BounceBit Unlocks New RWA-Backed Yield Opportunities The financial world is buzzing with a groundbreaking development! BounceBit , an innovative CeDeFi (Centralized Decentralized Finance) infrastructure platform, has just launched its highly anticipated BB Prime platform. This move is set to redefine how institutional investors access yield in the crypto space, truly bridging the gap between traditional finance and decentralized ecosystems. What is BB Prime and How Does it Work? At its core, BB Prime is a structured yield platform designed to offer a secure and compliant pathway for institutional capital into the crypto market. It’s not just another DeFi protocol; it’s a strategic collaboration that brings together the best of both worlds. BounceBit has partnered with global asset management giant Franklin Templeton to make this vision a reality. The Partnership: Franklin Templeton, a well-established name in traditional finance, brings its expertise and its tokenized U.S. Treasury-backed money market fund (MMF), known as BENJI. The Mechanism: BB Prime combines the stability of these tokenized real-world assets (RWAs) with dynamic crypto-based yield strategies. This means institutions can use compliant collateral, like BENJI, to participate in the burgeoning crypto yield landscape. The Goal: BounceBit describes this partnership as a significant leap towards seamlessly integrating traditional finance with decentralized finance, opening up new avenues for secure and compliant yield generation. Unlocking RWA-Backed Yield : The Core of BB Prime The concept of RWA-backed yield is a game-changer. For years, institutional investors have eyed the high yields available in crypto but have been hesitant due to regulatory uncertainties and volatility. BB Prime directly addresses these concerns by leveraging the stability and compliance of real-world assets. Consider the benefits: Stability: By using tokenized U.S. Treasuries as collateral, the underlying assets are inherently stable and regulated, offering a stark contrast to purely volatile crypto collateral. Compliance: Franklin Templeton’s involvement ensures that the RWA component adheres to traditional financial regulations, making the platform attractive to institutions that must operate within strict compliance frameworks. Enhanced Yield: Investors can now access the attractive yields offered by crypto strategies, but with the added security layer of RWA collateral, potentially mitigating some of the inherent risks. This creates a compelling proposition for those seeking diversified and robust returns. The Broader Impact: CeDeFi ‘s Evolution with BounceBit BB Prime is more than just a new product; it’s a testament to the growing maturity of the CeDeFi sector. CeDeFi aims to blend the transparency and innovation of decentralized finance with the security and regulatory adherence of centralized entities. BounceBit is at the forefront of this evolution. This launch signals several key trends: Institutional Adoption: The explicit focus on institutional investors, combined with the partnership with a traditional finance giant, indicates a strong push for broader institutional engagement in crypto. Tokenized Assets: The increasing use of tokenized assets , particularly those backed by tangible, regulated real-world assets, is a critical step towards mainstream acceptance of blockchain technology beyond speculative cryptocurrencies. Risk Mitigation: By offering a compliant collateral mechanism, BB Prime helps reduce counterparty risk and provides a more structured environment for yield generation, appealing to risk-averse investors. This initiative from BounceBit is paving the way for a more integrated financial future where the strengths of traditional and decentralized systems are combined for mutual benefit. A New Horizon for Financial Innovation The launch of BB Prime by BounceBit, in collaboration with Franklin Templeton, marks a pivotal moment for the cryptocurrency and traditional finance landscapes. By skillfully blending the stability of tokenized U.S. Treasuries with the lucrative potential of crypto yield strategies, BounceBit is not just offering a new product; it is crafting a new paradigm for secure, compliant, and attractive investment opportunities for institutional players. This initiative truly demonstrates the power of CeDeFi to bridge previously disparate financial worlds, setting a precedent for future innovations in the space. Frequently Asked Questions (FAQs) Q1: What is BB Prime? A1: BB Prime is a structured yield platform launched by BounceBit in partnership with Franklin Templeton. It allows institutional investors to use compliant, tokenized real-world assets (RWAs) as collateral to access crypto-based yield strategies. Q2: How does BB Prime bridge traditional finance and crypto? A2: BB Prime bridges these worlds by integrating Franklin Templeton’s tokenized U.S. Treasury-backed money market fund (BENJI) with crypto yield strategies. This provides a compliant and stable asset base for crypto investments. Q3: What are Real-World Assets (RWAs) in this context? A3: In this context, RWAs refer to assets from the traditional financial world, such as U.S. Treasury bonds, that have been tokenized (represented on a blockchain). Franklin Templeton’s BENJI token is an example of such a tokenized asset. Q4: Who is the target audience for BB Prime? A4: BB Prime is primarily designed for institutional investors who seek compliant and secure ways to generate yield from both traditional finance and cryptocurrency markets. Q5: What are the main benefits of using BB Prime? A5: Key benefits include access to stable RWA-backed collateral, enhanced crypto yield strategies, institutional-grade compliance, and a reduction in counterparty risk compared to purely crypto-native solutions. Q6: What is CeDeFi? A6: CeDeFi, or Centralized Decentralized Finance, is a hybrid approach that combines elements of centralized financial services (like regulatory compliance and institutional-grade security) with the transparency and innovation of decentralized finance protocols. If you found this article insightful, consider sharing it with your network! Help us spread the word about the exciting developments in the intersection of traditional finance and crypto. To learn more about the latest crypto market trends, explore our article on key developments shaping CeDeFi institutional adoption . This post Revolutionary BB Prime: BounceBit Unlocks New RWA-Backed Yield Opportunities first appeared on BitcoinWorld and is written by Editorial Team

5 Aug 2025, 13:53

Russia dismisses 'pathetic' Trump efforts to disrupt oil trade with India

Russia fired back at President Donald Trump on Tuesday for threatening India over its oil trade, calling the POTUS’ push to break their ties “pathetic.” Moscow, finally weighing in after days of silence, said New Delhi had every right to decide who it does business with and wouldn’t be pressured by threats from the White House. The comments came after Trump told CNBC’s Squawk Box that he was planning to sharply raise tariffs on Indian exports, warning the current 25% threshold could go even higher within 24 hours. Trump said India had been “buying Russian oil” and “fueling the war machine,” adding, “I’m not going to be happy” if they kept it up. He also accused India of reselling discounted oil from Moscow for “big profits” on the global market. Kremlin rejects pressure, backs India’s trade freedom Kremlin spokesperson Dmitry Peskov responded Tuesday by rejecting Trump’s threats outright. “We do not consider such statements to be legitimate,” Peskov said during a briefing, adding, “These are attempts to force countries to stop trade relations with Russia.” He stressed that countries like India have the right to choose their own trade and economic partners based on what benefits them. The comments followed Trump’s earlier warning on Monday that tariffs on Indian goods would rise “substantially,” though he still hasn’t named a specific figure beyond the original 25% duty. The president had already floated the idea of a new “penalty” last week if India didn’t stop doing business with Russia. This standoff between Washington and New Delhi over oil imports is drawing attention from global investors. India, one of Russia’s biggest current buyers, has continued to import large volumes of crude despite Western sanctions aimed at cutting off the Kremlin’s war funds. Russia became India’s largest oil supplier after the 2022 invasion of Ukraine. India defends ties with Russia, sends key officials to Moscow India isn’t backing away from the partnership. In fact, it’s deepening it. Ajit Doval, India’s National Security Adviser, is heading to Russia this week, and S. Jaishankar, the External Affairs Minister, will follow later in the month. Indian officials familiar with the trips confirmed the plans, though details remain private for now. Doval’s travel was first reported by The Times of India on Tuesday. The trips come right after Trump’s latest round of tariff threats. But Indian officials have pushed back hard. The Foreign Ministry issued a statement dismissing U.S. and European Union criticism as “unjustified and unreasonable,” pointing out that those same countries are still trading with Moscow even when it’s not vital to their national interests. “It is revealing that the very nations criticizing India are themselves indulging in trade with Russia,” the ministry said. “Unlike our case, such trade is not even a vital national compulsion [for them].” Indian Prime Minister Narendra Modi has maintained close contact with Vladimir Putin, traveling to Russia last October. Putin is expected to visit India later this year, and that visit will likely be discussed during Doval and Jaishankar’s meetings in Moscow. Since the invasion began in 2022, the trade bond between the two countries has grown sharply. Before the war, India bought fewer than 100,000 barrels of oil per day from Russia, which made up just 2.5% of its total crude imports. By 2023, that number jumped to over 1.8 million barrels per day, or 39% of all oil coming into the country. Western countries have tried to block Russia’s energy revenues by putting limits on imports and imposing sanctions, but India and China have continued to purchase at scale. Unlike their Western counterparts, India says its dependency on Russian oil is essential. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage

5 Aug 2025, 13:51

Solana's Jito Proposes Routing 100% of Block Engine Fees to DAO Treasury

Jito Labs proposed a new governance proposal on Tuesday, called JIP-24, aimed at decentralizing the network further by routing all its Block Engine and Block Assembly Marketplace (BAM) fees directly to the Jito DAO treasury. If approved, the DAO would assume control over protocol revenue streams, directing them to the network's JTO tokenholders. This in turn would reduce Jito Labs' own influence over the network of the same name, while a DAO subgroup takes on a greater role in development — which in turn Jito Labs hopes will ultimately boost the Jito token's value. Currently, rewards from Jito’s Block Engine are split evenly — 3% to Jito Labs and 3% to the DAO. JIP-24 would eliminate this split, sending the full 6% of fees, along with all future BAM-related revenue, to the DAO treasury permanently. “This proposal reflects the commitment of the Jito ecosystem to ensure that protocol fees accrue directly to the token holders as optimally as possible and cements the DAO as central to the technical and economic governance of the Jito Network,” the Jito Labs team wrote in their proposal. The Jito Network operates as a key block-building layer within Solana’s ecosystem, offering MEV-focused tools like its Block Engine and BAM to optimize transaction sequencing and fee distribution. These tools allow validators to earn additional rewards while aligning incentives between network participants and tokenholders. A core element of the proposal is BAM, Jito’s recently launched marketplace for programmable block assembly on Solana. BAM introduces “plugins” that can modify transaction sequencing logic, potentially unlocking new revenue streams. According to the proposal, fees from BAM, particularly those linked to plugin activity, would also be routed to the DAO, contributing to what the team estimates will be $15 million in new annual revenue. The proposal also earmarks those funds for initiatives developed by the Cryptoeconomics SubDAO (CSD), a governance subgroup tasked with designing tokenholder-facing value accrual strategies. If passed, JIP-24 would represent a significant shift in how Jito’s protocol revenue is governed, expanding the DAO’s financial role and giving tokenholders a greater stake in the network’s long-term direction. Read: Jito Launches BAM to Reshape Solana’s Blockspace Economy

5 Aug 2025, 13:51

Coinbase and PayPal Exploit Legal Gray Zone to Offer Stablecoin Yields Despite Federal Ban

Two of America’s largest crypto-linked companies, Coinbase and PayPal, are pushing forward with stablecoin yield programs, despite new US legislation explicitly banning such incentives for stablecoin issuers. Key Takeaways: Coinbase and PayPal continue offering stablecoin rewards despite a federal ban targeting issuers. Both firms argue they are not subject to the law since they are not the actual stablecoin issuers. Global corporate interest in stablecoins remains strong. The GENIUS Act, signed into law last month , prohibits issuers of stablecoins from offering interest or yield to users, aiming to distinguish stablecoins as payment tools rather than investment products. The legislation was a hard-fought compromise, with lawmakers rejecting crypto industry attempts to allow yield-bearing stablecoins. Coinbase and PayPal Defy Stablecoin Law, Say Yield Rules Don’t Apply In recent earnings calls, executives at both Coinbase and PayPal confirmed they will continue rewarding users who hold stablecoins on their platforms, arguing the law does not apply to them. “We are not the issuer,” Coinbase CEO Brian Armstrong said , responding to a shareholder question. “We don’t pay interest or yield, we pay rewards.” Coinbase currently offers US users 4.1% APY on USDC holdings, calling the payout a “rewards program.” While Coinbase co-developed USDC with Circle, it ceased being a formal issuer of the stablecoin in 2023. Circle, now the sole issuer, offers no direct yield to users. Coinbase's stablecoin revenue is up 44% year-to-date vs. the same period last year, despite 100bps of rate cuts since then. pic.twitter.com/Z1BoNH8Bhl — Ryan Rasmussen (@RasterlyRock) July 31, 2025 PayPal, meanwhile, offers 3.7% annual returns to users holding its stablecoin, PYUSD, through both PayPal and Venmo. While PYUSD bears the company’s name, it is technically issued by Paxos, a third-party firm. That legal distinction allows PayPal to argue it, too, is not violating the GENIUS Act. PayPal CEO James Alexander Chriss defended the rewards structure during last week’s earnings call, calling it a key feature for user growth. The SEC dropped a long-running investigation into PYUSD’s classification earlier this year. Stablecoins are also gaining ground for their cost-efficiency. The global average remittance fee still hovers around 6.6%, well above the UN’s 3% target. However, not everyone is on board. Senator Elizabeth Warren warned that private firms launching stablecoins could lead to privacy invasions and systemic risks. “Then they’ll come begging for a bailout when it inevitably blows up,” she said. Despite such concerns, interest from global corporations , including Amazon, Walmart, and Chinese giants like JD.com and Alipay, suggests the race is well underway. Stablecoins Edge Closer to Mainstream Adoption Western Union is positioning itself for a new phase of digital transformation, signaling strong interest in using stablecoins to modernize its global remittance operations. Last month, CEO Devin McGranahan outlined how stablecoins could streamline cross-border transfers, improve currency conversion in underserved markets, and provide financial tools for populations grappling with unstable local currencies. “We see stablecoins really as an opportunity, not as a threat,” McGranahan said, pointing to ongoing pilot programs in South America and Africa. As reported, Ripple CEO Brad Garlinghouse has said the stablecoin sector is poised for explosive growth, projecting the market could balloon from its current $250 billion capitalization to as much as $2 trillion in the near future. “Many people think it will reach $1 to $2 trillion in a handful of years,” Garlinghouse said, adding that Ripple is positioned to benefit from that trajectory. The post Coinbase and PayPal Exploit Legal Gray Zone to Offer Stablecoin Yields Despite Federal Ban appeared first on Cryptonews .