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Bank of New York Mellon (BK), the world’s largest custodial bank with $55.8 trillion in assets under custody, is testing tokenized deposits in a bid to modernize its global payment infrastructure and keep pace with a growing shift toward blockchain-based finance.The effort, still in the exploratory phase, aims to let clients make payments using tokenized versions of their deposits, Bloomberg reports.These tokenized deposits would move over a blockchain, enabling near-instant settlement and potentially reducing transaction costs.BNY currently handles about $2.5 trillion in payments each day.BNY’s Carl Slabicki told Bloomberg the technology could help banks “overcome legacy constraints,” allowing them to…

With the bank currently processing about $2.5 trillion in payments daily and overseeing $55.8 trillion in assets under custody, the move could mark a significant step in bridging traditional finance with blockchain technology. According to Bloomberg, BNY Mellon aims to offer clients faster, more transparent, and programmable payment options while maintaining regulatory compliance. Tokenized Deposits: What They Mean Tokenized deposits are essentially digital representations of cash held at a bank, secured on a blockchain network. Unlike cryptocurrencies, these tokens are backed by real deposits, ensuring stability and reducing volatility. Clients could transfer value instantly across borders, potentially cutting down settlement…

One PALU whale invested $100,000 in the new BNB meme coin shortly before CZ made a viral post about it. This made the asset spike in value, bringing huge gains for the whale. There has been some social media chatter about insider trading, but this could also be a coincidence. Ultimately, today’s scam-ridden crypto culture makes once-scandalous allegations seem perfectly normal. Was CZ Involved With PALU?The BNB meme coin ecosystem has been booming in recent weeks, threatening to take over Solana’s place as the top blockchain for these assets. This morning, a new meme coin, PALU, grew dramatically after two…

5G Infrastructure Latest Report Available at Global Data Route Analytics,” 5G Infrastructure Market” provides pin-point analysis for changing competitive dynamics and a forward-looking perspective on different factors driving or restraining industry growth.Definition:5G infrastructure is the 5th generation of wireless cellular technology or mobile communication services which is used to increase speed. Application-specific integrated circuit and radio frequency integrated circuit these two types of the chipset are available in 5G infrastructure. Upsurging demand for high-speed data and huge network handling will help to boost the 5G infrastructure market.Key players in the global 5G Infrastructure market include;Qualcomm (United States), Intel (United States),…

BNB, the native cryptocurrency of the BNB Chain — the layer-1 blockchain developed by Binance — has climbed to become the third-largest digital asset by market capitalization.After breaking above $1,100 for the first time on Friday, BNB (BNB) achieved a new major milestone on Tuesday by overtaking Ripple-backed XRP (XRP) as the third-largest crypto asset by market cap.At the time of publication, BNB traded at $1,326, up nearly 30% in the past seven days, with a market capitalization of $182 billion, according to CoinGecko data.This breakthrough coincides with the growing adoption of BNB in various regions, including the launch of…

Bitcoin and gold have outperformed every other major asset class this year, reflecting how US macroeconomic uncertainty is reshaping investor behavior.Gold has surged 48% year to date, reaching an all-time high near $4000. In comparison, Bitcoin has gained over 30% this year and has reached a new high above $126,000. Notably, this marks the first time the two assets have simultaneously held the top performance spots in any calendar year.Bitcoin and Gold Price Performance (Source: Charlie Bilello)Both rallies stem from the same underlying forces: a search for safety as U.S. fiscal conditions deteriorate and expectations grow that the Federal Reserve…

Behind every rally and every crash lies an invisible engine: options dealers rebalancing billions in Bitcoin exposure. As open interest pushes past $57 billion, it’s the hedging flows, not sentiment, that now dictate price.For most of Bitcoin’s history, price discovery happened in the spot market. Retail traders and long-term holders set the tone, while derivatives were satellites. That, however, flipped about a year and a half ago.Bitcoin’s options market has grown into a system large enough to pull the underlying asset with it. CoinGlass data show options open interest matching the size of futures for the first time, climbing from…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Prominent Bitcoin developer Peter Todd alleged on Monday, October 6, that the US National Security Agency (NSA) is “looking to backdoor crypto again” via the rollout of so-called quantum-secure algorithms—this time by pushing deployments that exclude tried-and-tested classical cryptography. “Tl;dr: the NSA is clearly looking to backdoor crypto again with the rollout of “quantum secure” algorithms. The obvious way to implement them is AND: traditional AND quantum secure. So you need to break both. The NSA is trying to remove that seatbelt: quantum-only,” Todd wrote. Is The…

KindlyMD (NAKA) announced a partnership with Antalpha to create a $250 million secured convertible debt facility. Through its subsidiary Nakomoto Holdings, KindlyMD will leverage Antalpha’s expertise in digital asset financing to create new treasury tool for bitcoin focused-companies, according to the announcement. The non-binding agreement outlines a five-year convertible note issuance to Antalpha, with proceeds aimed at refinancing a previous $203 million bitcoin-secured credit line from Two Prime Lending and to increase bitcoin holdings.Pending financilization,Antalpha will also extend an interim bitcoin-backed loan to KindlyMD. KindlyMD holds 5,765 BTC, and its shares are trading just above $1, representing a roughly 95%…

Meanwhile, the first regulated life insurance company that operates entirely in bitcoin BTC$111,480.33, said on Tuesday it has raised $82 million to scale its savings and retirement products that aim to protect against inflation and currency devaluation.The funding round was co-led by Bain Capital Crypto and Haun Ventures, with participation from Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Stillmark, the firm shared in a press release with CoinDesk. The raise follows a $40 million round in April led by Fulgur Ventures and Framework, while OpenAI CEO Sam Altman was an early investor.Founded in Bermuda, Meanwhile offers life insurance and…