CryptoEconomy

Figure Technology Solutions, led by Mike Cagney, launched FGRD, a tokenized stock trading on the OPEN network, enabling equity trading without traditional intermediaries. This move aims to innovate capital markets amid a $150 million funding round and evolving digital asset landscape.

ORQO Group has launched Soil, the first yield protocol on XRP Ledger for the RLUSD stablecoin, aiming to provide regulated yields to Ripple users. The transition of RLUSD into a return-generating tool signifies a major shift, with initial asset pools quickly subscribed, and further developments in market-neutral strategies anticipated.

Peter Schiff warns Bitcoin investors that a drop below $50,000 could lead to a severe decline, potentially testing $20,000, an 84% fall from its peak. He cites current market risks like increased leverage and hype, urging investors to sell.

Jim Cramer questioned Bitcoin's utility as a hedge against geopolitical instability, especially amid U.S.-Iran tensions. He noted a shift in investment favoring traditional assets like gold over cryptocurrencies during recent volatility.

Polymarket, valued at $9 billion, has acquired Dome to enhance its platform with a unified API for developers. This move aims to strengthen its market position and attract new distribution deals, with expectations of future funding at a higher valuation.

U.S. Treasury Secretary Scott Bessent criticized "recalcitrant actors," implicitly targeting Coinbase for its withdrawal from the CLARITY Act. Coinbase's CEO blamed the banking lobby for hindering necessary crypto regulations, highlighting ongoing disputes over oversight for digital assets.

Wietse Wind announced that three XRP yield providers are nearing launch, aiming to enhance XRP's utility beyond transactions and trading. This development could offer new passive income opportunities for XRP holders, pending further details.