Marshall Islands completed the first on-chain universal basic income disbursement.
USDM1 sovereign..
#marshallislands Finance Ministry executed universal basic income (UBI) payments using blockchain-based sovereign bonds. This marks the first government deployment of this payment method globally. The Pacific island nation distributed funds through USDM1 #Digital bonds operating on Stellar’s network infrastructure.
The ministry developed the system alongside Stellar Development Foundation and Crossmint to modernize Economic Net Resource Allocation (ENRA), the country’s existing universal income initiative. Physical currency distribution, occurring four times annually, has been removed in favor of instant digital wallet transfers reaching citizens across remote island locations.
Treasury Bills Collateralize Digital Payment System USDM1 functions as dollar-denominated government debt instruments with full Treasury bill collateralization. Crossmint built the Lomalo wallet application specifically for receiving these blockchain-based payments. Citizens access funds immediately through wallet accounts hosted on Stellar’s payment rails.
Finance Ministry officials explained that USDM1 bonds follow Brady-bond legal frameworks established under #Newyork commercial law. This structure has governed international sovereign debt markets for multiple decades. The approach relies on binding legal agreements rather than administrative policy decisions.
An independent trustee maintains custody of Treasury collateral separately from government or corporate control. Bond redemption terms Representatives Emphasize Monetary Sovereignty Ministry representatives emphasized that monetary sovereignty remains unchanged because ENRA operates as a fiscal distribution infrastructure rather than a currency replacement. Each payment unit corresponds directly to Treasury securities maintained by third-party trustees with complete backing throughout the system.
Geographic dispersion created the primary challenge motivating this #technological approach. Island communities separated by ocean distance made traditional cash distribution logistically complex. Ministry officials stated the blockchain payment system was engineered specifically for the Marshall Islands’ operational requirements.
The multiyear development process addressed infrastructure limitations inherent to the nation’s scattered island geography. The distance between population centers and the restricted physical presence of banking shaped daily financial realities, influencing system design. The #blockchain approach solved practical service delivery obstacles and also preserved established legal frameworks governing sovereign debt instruments.
Four cryptocurrencies represented as symbols: #bitcoin (BTC), #solana (SOL), #Ethereum (ETH), #DOGECOİN (DOGE). For Bitcoin, depict a gold coin with the BTC logo. For Solana, visualize a blue and green sphere with the SOLemblem on it.
Ethereum should be represented by a silver coin featuring its distinct diamond-shaped symbol, and Dogecoin should be a cartoon coin with the image of a Shiba Inu dog on it. These four coins should be depicted resting on a digital landscape, symbolizing a #crypto marketplace. $BTC $ETH
#Altcoin Việt Nam, in a recent post, highlighted that ETH is positioned at an extremely tense moment on its chart, signaling that the asset is preparing for a major directional move. This immediate pressure is being fueled by a significant bullish divergence that has just appeared on the chart, marking the first time the signal has materialized in over a month.
According to #crypto analyst The Boss, ETH has shown a highly encouraging response from a key technical area. Ethereum has reacted positively with the $3,091 support zone, and is currently holding firmly above this level, which is a strong signal that short-term buying pressure remains resilient and active in the #market . $ETH $BTC $ZEC
🚨 #MarketFlash (Confirmed by multiple social feeds): JUST IN: $140,000,000 liquidated from the crypto market in the past 60 minutes.
roughly $140 million in leveraged #crypto positions were liquidated across the market in the past ~60 minutes — primarily in long (bullish) positions as prices dipped quickly.
What That Means (Quick Explanation)
Liquidations occur when leveraged #traders (borrowing to amplify gains) are forced out of their positions because prices moved against them.
In this case, major losses were likely longs (bets that prices would rise), which get auto-closed when markets fall quickly.
📊 Market Context From Recent Reported Moves While this specific $140M figure is emerging in tweets and social feeds, previous verified reports have shown similar big liquidation events were tied to:
Bitcoin volatility dragging long positions under heavy losses.
Ethereum also experiencing major liquidations when breaking key price levels in recent months.
#xrp has seen big sell-offs linked to whale movements that triggered long liquidations in the past.
Multiple social sources report just in that $4,300,000,000 worth of #BTC & #ETH options are expiring today (X posts highlighting exactly that event).
Large expiries like this represent derivatives contracts (bets on future price direction) reaching maturity, forcing traders to exercise, roll, hedge, or let them lapse — often a trigger for near-term volatility.
📉 Market Context Right Now
Bitcoin has been trading around ~$90K–$92K recently amid broader market fluctuations.
Ethereum has also seen price movement alongside BTC as macro sentiment shifts.
بائننس اور جاز کیش نے پاکستان کی ترقی پذیر مارکیٹ کے لئے ورچوئل اثاثہ تعلیم ، آگاہی ، اور مطابقت پذیر ڈیجیٹل اثاثوں کے حل پر تعاون کو تلاش کرنے کے لئے ایک ایم او یو پر دستخط کیے ہیں۔ 🚀
Nexo expands in #LatinAmerica #crypto firm Nexo has acquired Argentina’s Buenbit, bringing over 1 million new users into its ecosystem and pushing growth across Argentina, Peru, and Mexico.
⚖️ Do Kwon Sentenced to 15 Years (Updated) Terraform Labs co-founder Do Kwon received a 15-year sentence in New York for orchestrating a massive fraud tied to the collapse of TerraUSD and Luna, devastating investors worldwide.
India’s CBI busted a ₹1,000 cr crypto scam involving shell accounts and fraud schemes.
In Uttar Pradesh, police arrested a gang behind a ₹11.95 crore crypto fraud using fake investment pitches.
A Hyderabad AI researcher lost ₹85 lakh in a crypto-matrimony scam.
🌍 Global Law Enforcement Hits Crypto Laundering Europol dismantled a $700 M crypto money-laundering network, arresting nine suspects and seizing assets.
📈 Robinhood Expands in #Asia Robinhood is expanding its crypto footprint by acquiring Indonesian firms, aiming to tap into one of Asia’s fastest-growing markets.
🚨 #ALLO SHORT-TERM --> LONG-TERM Short-term (next 6–12 months): ALLO remains a speculative biotech — volatility may continue as markets react to trial data, regulatory #updates or cash-burn guidance.
Long-term (#2026 onward): If ALLO delivers on its promise — safe & effective allogeneic CAR-T therapies for cancer or autoimmune disease — the payoff could be significant. For risk-tolerant investors, this remains a “#HIGH risk, high reward” name. $ALLO $BANK $MET