Bitwise Launches $267M Tokenized Crypto Fund
Bitwise has launched the Bitwise Crypto Carry Fund (USCC), its first tokenized investment product for institutional investors that will enable them to earn yield from crypto markets through blockchain-based infrastructure in partnership with Superstate. That should be a significant step in the ongoing process of merging traditional finance with decentralized finance systems. According to Bitwise, … Read more
Tether Launches QVAC MedPsy to Blaze New Trails in Efficiency of Medical Reasoning
Tether is also branching out by announcing QVAC MedPsy, an open-source medical reasoning model aimed at edge and local deployment. The initiative represents a purposeful entrance into the fast-moving world of AI, where privacy, efficiency and availability come to be more beneficial than processing capability itself. QVAC MedPsy, stick to its vision of performing on … Read more
South Korea Pushes 22% Crypto Tax on Gains Above $1,850 Starting in January
The Ministry of Economy and Finance has officially confirmed that South Korea will begin taxing virtual assets starting January 2027. Official Stance on Implementation Timeline A top South Korean finance official reportedly confirmed that the government intends to begin taxing virtual assets in January as originally scheduled, marking the first time the Ministry of Economy … Read more
21shares Launches First US Canton Network ETF on Nasdaq
21shares launched the 21shares Canton Network ETF on Nasdaq, giving U.S. investors regulated exposure to Canton Coin through a traditional investment vehicle. The product marks the first U.S. ETF designed to provide direct access to the Canton Network ecosystem. 21shares Brings Canton Network Exposure to US ETF Investors 21shares announced on May 7 the launch … Read more
Kraken parent Payward to buy Reap in $600M stablecoin payments push
Kraken parent Payward agreed to buy Hong Kong-based Reap for up to $600 million, adding card issuance and stablecoin payment capabilities to its new B2B platform. Go to Source
Polygon reduces block time to 1.75 seconds as payments push accelerates
Polygon delivered its first block time reduction upgrade since genesis, as the network seeks to position for more high-frequency applications such as private stablecoin payments. Go to Source
XRP ‘probably going to $12’ as price holds historical bottom zone for months
XRP is retesting a key multi-year support zone that has historically preceded major rebounds, with analysts predicting a rally toward $12 if the level holds. Go to Source
Bitwise Enters Tokenized Fund Market With $278M USCC Takeover
Bitwise is entering tokenized funds by taking over USCC, a $277.8 million crypto carry fund that will keep its ticker, smart contracts, and token address. The move gives Bitwise its first tokenized fund while Superstate continues supporting the onchain infrastructure. Bitwise Enters Tokenized Funds With USCC Management Shift Bitwise Asset Management announced May 7 that … Read more
South Korea confirms 22% crypto tax starting January 2027: Report
South Korea’s Finance Ministry has reportedly confirmed for the first time that a 22% tax on crypto gains will proceed as scheduled in January 2027. Go to Source