Standard Chartered and Coinbase expand partnership for institutional crypto services
#StandardChartered and #Coinbase have expanded their partnership to develop crypto infrastructure focused on institutional clients.
The collaboration will explore services including trading, custody, financing, staking and lending, combining Standard Chartered’s banking and custody capabilities with Coinbase’s institutional platform.
Exor rejects Tether’s €1.1 Billion bid for Juventus
#Exor , the Agnelli family’s holding company, has unanimously rejected #Tether’s all-cash offer to acquire a controlling stake in #JuventusFootballClub . The €2.66-per-share bid valued the club at about €1.1 billion and was declined within a day of being made public.
Exor said it has no intention of selling any Juventus shares to third parties, reaffirming its commitment to retaining control of the club.
Backed and Chainlink launch xBridge for cross-chain tokenized stocks
#BackedFinance and #Chainlink have introduced #xBridge , a cross-chain bridge that enables tokenized stocks to move between Ethereum and Solana while preserving corporate actions such as stock splits and dividends. The system uses Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to maintain consistency with the underlying assets.
xBridge is currently live in pilot mode, with plans to expand support to additional blockchains including #Mantle and #TRON .
Tether explores buybacks and tokenization while raising up to $20B
#Tether is seeking to raise up to $20 billion through a stock sale while restricting existing shareholders from selling stakes during the fundraising process, according to people familiar with the matter.
The company intervened to block at least one proposed secondary sale that valued Tether well below the $500 billion valuation it is targeting. To address future investor liquidity after the funding round, Tether executives are considering options such as share buybacks and tokenizing company shares on a blockchain.
Pyth Network launches monthly $PYTH token buyback using DAO treasury
#PythNetwork has launched a token buyback program that will use 33% of its #DAO treasury each month to purchase $PYTH tokens on the open market.
The initiative, called the #PYTH Reserve, is funded by network revenue and begins this month, with the first buyback estimated at $100,000 to $200,000 based on the current treasury balance of about $500,000. The program is expected to scale as revenue grows.