BTC $84,266.86 -0.60%
ETH $2,663.55 -1.32%
BNB $763.30 -0.86%
XRP $1.46 -2.36%
SOL $118.10 -0.24%
TRX $0.3352 -0.24%
DOGE $0.0910 -4.17%
ADA $0.2389 -3.88%
BCH $299.83 -2.31%
LINK $13.67 -4.90%
HYPE $87.36 -0.55%
AAVE $180.46 +7.69%
SUI $1.11 -4.70%
XLM $0.2124 -3.48%
ZEC $1,304.25 -2.58%
AAPL $333.57 +1.11%
AMZN $250.67 +0.51%
GOOGL $343.02 +1.30%
MSFT $515.07 -0.19%
META $727.39 +0.08%
NVDA $234.60 +1.07%
TSLA $372.42 +4.22%
SNDK $1,722.06 -3.17%
INTC $119.69 -0.71%
SPCX $159.18 +6.45%
MU $1,077.02 -0.70%
AMD $632.16 +2.38%
BTC $84,266.86 -0.60%
ETH $2,663.55 -1.32%
BNB $763.30 -0.86%
XRP $1.46 -2.36%
SOL $118.10 -0.24%
TRX $0.3352 -0.24%
DOGE $0.0910 -4.17%
ADA $0.2389 -3.88%
BCH $299.83 -2.31%
LINK $13.67 -4.90%
HYPE $87.36 -0.55%
AAVE $180.46 +7.69%
SUI $1.11 -4.70%
XLM $0.2124 -3.48%
ZEC $1,304.25 -2.58%
AAPL $333.57 +1.11%
AMZN $250.67 +0.51%
GOOGL $343.02 +1.30%
MSFT $515.07 -0.19%
META $727.39 +0.08%
NVDA $234.60 +1.07%
TSLA $372.42 +4.22%
SNDK $1,722.06 -3.17%
INTC $119.69 -0.71%
SPCX $159.18 +6.45%
MU $1,077.02 -0.70%
AMD $632.16 +2.38%

for

All
Article
Flash

first_img BNY is in talks with Kraken's parent company Payward for infrastructure cooperation

According to CoinDesk, informed sources revealed that the custody bank giant BNY is in talks with Payward, the parent company of the cryptocurrency exchange Kraken, for a broad collaboration covering digital assets and financial market infrastructure. The potential agreement may involve areas such as crypto products, custody, wealth management, trading, payments, and infrastructure, with related services provided through Payward Services, which targets banks, exchanges, and asset management institutions.One source indicated that part of the proposed collaboration may be similar to the infrastructure component of the recent agreement Payward reached with Nasdaq. Negotiations are still ongoing, and there is no guarantee that an agreement will be reached; both Payward and BNY declined to comment. BNY, formerly known as Bank of New York Mellon, provides custody, asset services, clearing, and wealth management services to institutional clients and has been developing tokenized deposits to support near real-time on-chain settlements among institutional market participants.Reaching an agreement with BNY would further promote Payward's efforts to connect digital asset businesses with traditional financial institutions. Last month, Nasdaq Ventures agreed to invest $100 million in Payward at a valuation of $21 billion, expanding the collaboration between the two parties in tokenized stocks. Under the agreement, both parties will continue to develop the operational and commercial infrastructure for Nasdaq stock tokens, and Payward will also adopt Nasdaq's market surveillance technology in its cryptocurrency, stock, tokenized stock, futures, and options trading venues, with both parties expecting to launch Nasdaq stock tokens in the second quarter of 2027.

Drift's compensation plan has caused dissatisfaction, with a loss of about 1 dollar for every 100 dollars

The perpetual contract protocol Drift (now Velocity) Foundation has opened claims and redemptions for the security incident on April 1. Affected users can claim newly issued compensation tokens DFX at a rate of 1 DFX for every $1 of verified loss. DFX is a Solana standard SPL asset, with a fixed total supply of approximately 299.5 million tokens, corresponding to about $295.4 million in verified losses, and no further issuance will occur.Users can destroy DFX on the official portal and redeem it for USDT at the redemption price, or trade it on secondary markets like Raydium. The redemption price is determined by the balance of the recovery pool divided by the number of DFX tokens that have not yet been destroyed. Currently, there are about 3.11 million USDT in the pool, with a redemption price of approximately $0.0104, allowing for about $1 back for every $100 lost, covering about 1% of the losses, which has caused dissatisfaction in the community, believing there is a significant gap from the expected full compensation.The plan also includes a maximum support commitment of $127.5 million from Tether, up to $20 million from partners, as well as subsequent sources such as transaction fee sharing from the new trading platform Velocity and the recovery of stolen funds, most of which are upper limits or installment arrangements, and were not included in the pool on the opening day. After the DFX launch, the redemption price remains around $0.0104, while the secondary market trading price has risen from about $0.01 to approximately $0.03, with a 24-hour increase of about 210%, and liquidity at that time was around $200,000. The tokens can be freely transferred, and the trading price does not have to equal the redemption price; buyers are mainly concerned with subsequent funding, protocol revenue, recovered funds, as well as the impact of early redemptions and the destruction of unclaimed portions after the window closes on January 1, 2028.
app_icon
ChainCatcher Building the Web3 world with innovations.