Author: CoinAlertsNow.com

Ondo wants the SEC to sign off on a model where tokens on Ethereum mirror existing securities entitlements at U.S. broker‑dealers. Summary Ondo Finance has filed a no‑action request asking the SEC to bless a specific model for recording securities interests as tokens on Ethereum for its Ondo Global Markets platform. The firm argues the tokens are an operational “overlay” on top of existing broker‑dealer custody and do not change who holds securities entitlements or how investor protections work. The move follows the quiet closure of an earlier SEC investigation into Ondo and could set a precedent for permissionless‑chain settlement…

TLDR: TAO fell from $337 to $270 within 24 hours after Covenant AI announced its exit over governance concerns. Covenant AI claimed revenue was halted abruptly, and decision-making power shifted away from the broader community. Infrastructure updates were reportedly introduced without consensus, raising concerns among contributors about control. The project, once backed by major AI figures, now faces scrutiny over whether it still operates as decentralized. Bittensor’s native token, TAO, recorded a sharp decline within 24 hours after a public dispute raised concerns about governance and network control. The development followed the exit of Covenant AI, a key contributor, which…

Ripple has issued another warning to the XRP community after a fake Instagram account appeared to impersonate Chief Executive Officer Brad Garlinghouse.  Summary A fake Instagram account posed as Brad Garlinghouse and promoted an XRP giveaway scam to users. David Schwartz warned the XRP community that Ripple executives will never ask for funds online. Ripple repeated that fake support channels, deepfakes, and giveaway posts remain common crypto scam tools. The case added to a long list of social media scams that use Ripple’s name to target crypto users. A fake Instagram account posing as Ripple CEO Brad Garlinghouse has been…

TLDR: Arizona must pause criminal charges against CFTC-regulated prediction markets after the federal TRO order. The CFTC says federal law grants exclusive authority over event contracts and market enforcement. Connecticut and Illinois now face similar federal lawsuits over state prediction market restrictions. The ruling strengthens legal momentum for federally supervised crypto-linked trading platforms. A federal judge in Arizona temporarily halted the state’s criminal case against federally regulated prediction markets on Friday. The order came after the Commodity Futures Trading Commission asked the court to stop Arizona’s enforcement push.  The ruling preserves the status quo while a broader federal preemption fight…

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…

Japan’s cabinet has approved a bill to amend the Financial Instruments and Exchange Act to classify crypto as “financial products” to protect investors. The country has also introduced new tax rules for crypto to replace the previous progressive system, under which taxes reached 55%, and set a flat 20% rate on profits. According to the new amendments, the recognition of crypto as a financial asset at a cabinet meeting on April 10 is only the tip of the iceberg. The new act also applies insider trading controls that already apply to stocks to crypto transactions. Japan is looking to regulate…

Alibaba Group’s latest AI video model has moved to the top of a global benchmark. The result highlights the growing competitiveness of Chinese firms in tools used for advertising, content creation, and entertainment. Summary Alibaba Group’s HappyHorse-1.0 topped global AI video benchmarks shortly after its anonymous debut on Artificial Analysis. The model was later confirmed as part of Alibaba’s ATH AI Innovation Unit, driving gains in its Hong Kong-listed shares. Rival setbacks from OpenAI and ByteDance have opened room for Alibaba to strengthen its position in video generation. The model, called HappyHorse-1.0, first appeared on the benchmarking platform Artificial Analysis…

Spot bitcoin exchange-traded funds in the U.S. reported their second consecutive day of net outflows on Wednesday, despite a broader crypto market rally driven by peace talks between the U.S. and Iran. According to data from Farside, the spot bitcoin ETFs posted $93.9 million in net inflows yesterday. Fidelity’s FBTC recorded the largest outflows for the day, worth $79 million, followed by $74.7 million from Ark & 21Shares’ ARKB. Grayscale’s GBTC also posted $11 million in outflows. On the other hand, BlackRock’s IBIT saw positive flows worth $40.4 million on Wednesday. Notably, Morgan Stanley’s newly debuted MSBT reported $30.6 million…

TLDR: Oceanus and HashKey signed an MOU to deploy stablecoin settlement across Asian trade finance corridors. The partnership integrates AI-driven ODIN platform with regulated infrastructure to improve settlement efficiency. Stablecoin settlement enables faster, secure transactions for commodity trades including seafood, meats, and wines. The initiative targets the $2.5 trillion trade finance gap affecting SMEs in global markets. Stablecoin settlement is advancing into global trade finance as Oceanus Group Limited and HashKey Group formalize a strategic partnership. The two firms signed a Memorandum of Understanding to deploy regulated infrastructure across Asian trade corridors. The collaboration aims to reduce inefficiencies in cross-border…

TLDR Morgan Stanley’s Bitcoin ETF, MSBT, is set to begin trading tomorrow on NYSE Arca. The trust will track the CoinDesk Bitcoin Benchmark 4 PM NY Settlement Rate. MSBT will hold Bitcoin directly and will not use leverage or active trading. The ETF has an annual sponsor fee of 0.14%, which is lower than most competitors. Coinbase and BNY will serve as the trusted custodians for the Bitcoin holdings. Morgan Stanley’s Bitcoin ETF is set to begin trading tomorrow on the NYSE Arca under the ticker MSBT. The U.S. Securities and Exchange Commission (SEC) declared the Morgan Stanley Bitcoin Trust…