Team Rizzo, which operates Bittensor subnets and validator services, has snagged $25 million in on-chain cover from Native, a digital asset insurance specialist.
The company aims to bring digital gift cards on-chain, turning them into a “programmable retail currency.”
"Historically, CME gaps are filled eventually," one analyst said.
The collaboration aims to bolster Ripple’s ecosystem, enhance RLUSD adoption, and tap into Korean port city Busan’s blockchain-friendly economic zone.
The crypto council would be a dedicated advisory body that consists of government representatives, regulatory authorities and industry experts.
The FBI reiterated North Korean involvement, and identified the activity as TraderTraitor.
Losses in crypto markets mirrored those in U.S. equities after lesser-than-expected earnings from technology stalwart Nvidia failed to wow investors.
In a worst case scenario, prices could slide to the $72,000–$74,000 range, one analyst said.
The AI firm is targeting a valuation of over $35 billion, according to the report.
Legislators convened a panel to discuss what stablecoin and market structure bills need to address.