NewsBriefs - Raydium launches LaunchLab, a token launchpad rivaling pump.fun

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• Mar 18, 8:51 PM Blockworks

  Raydium launches LaunchLab, a token launchpad rivaling pump.fun

  Raydium, a Solana DEX and automated market maker, is unveiling LaunchLab, a token launchpad that mirrors functionalities of pump.fun. This strategic move follows the severance of an unofficial partnership with pump.fun, which recently developed its own AMM. LaunchLab will feature various bonding curves and allow third-party UIs to determine their own fees. The platform is part of Raydium's broader initiative to provide a suite of token creation tools, targeting users and teams seeking alternatives to developing their own solutions. Despite previous financial setbacks, Raydium persists with significant reserves to fund such innovative endeavors.

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• Mar 18, 4:00 AM VnExpress

  VanEck plans to establish a Bitcoin fund in Vietnam

  VanEck, an asset management company with approximately $113.8 billion under management, is planning to establish a Bitcoin investment fund in Vietnam in collaboration with SSI Securities. CEO Jan van Eck discussed this initiative and the broader digital asset market's development potential with Vietnam's State Securities Commission and Deputy Minister of Foreign Affairs. This move aligns with VanEck's pioneering role in cryptocurrency ETFs and its strategy to expand digital asset partnerships and technology transfer in Asia.

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• Mar 18, 1:29 AM Cointelegraph

  Hyperliquid whale hunt mirrors GameStop short squeeze

  Hyperliquid, a blockchain network, enables traders to observe and target whales holding prominent leveraged positions, aiming to trigger liquidations in a democratized manner. According to Markus Thielen of 10x Research, this transparency could shift the balance of power by allowing small trader groups to affect market dynamics previously influenced by large entities on exchanges. Thielen highlights the potential for widespread onchain activity, with events similar to the GameStop saga, where traders coordinate to impact prices and liquidity.

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• Mar 17, 9:40 PM Cointelegraph

  Solana futures launch on CME with $5M in first-day trading volume

  Solana futures traded for the first time on the Chicago Mercantile Exchange (CME) on March 17, marking the crypto's growing mainstream adoption. The initial trading involved both standard and micro contracts, which are cash-settled and represent a significant step in providing regulated crypto derivatives in the US market. Early trades suggest a bearish sentiment, and the introduction of these futures follows the launch of similar products by Coinbase. The move by CME could potentially support future growth in crypto derivatives, specifically for Solana.

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• Mar 17, 10:30 AM Du Rove's Channel

  Pavel Durov confirms he returns to Dubai amid ongoing Telegram investigation

  Pavel Durov said on his Telegram channel that he has returned to Dubai from France amidst an ongoing investigation involving criminal activities on Telegram. He thanked the investigative judges, his legal team, and Telegram's global community for their support and efforts. Durov emphasized Telegram's commitment to exceeding its legal obligations in terms of moderation and cooperation.

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• Mar 17, 5:09 AM OKX

  OKX halts DEX aggregator to curb misuse by Lazarus Group

  OKX has temporarily suspended its decentralized exchange (DEX) aggregator to address misuse by the Lazarus Group, a North Korean hacking collective. OKX announced the precautionary measure following the detection of attempts by the group to exploit its decentralized finance (defi) services. The crypto exchange is implementing additional security upgrades during this suspension. Despite the ongoing internal review, OKX will continue providing wallet services, although it will halt new wallet creation in certain markets. The security enhancements aim to better identify and block hacker activities on its platform.

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• Mar 17, 4:00 AM PRNewswire

  FalconX completes first CME Group SOL futures trade with StoneX

  FalconX, a digital asset prime broker, executed the first block trade of CME Group's Solana (SOL) futures with StoneX, marking a significant advancement in institutional crypto derivatives trading. This execution underlines the growing institutional interest in cryptocurrencies beyond bitcoin and ether, offering regulated, capital-efficient trading options. The launch of SOL futures caters to this demand, providing institutional investors with new tools for risk management and portfolio expansion in the crypto space.

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• Mar 17, 3:56 AM The Block

  Bank of Korea rejects Bitcoin for reserve due to volatility and non-compliance with IMF guidelines

  The Bank of Korea has declined to consider incorporating bitcoin into its foreign exchange reserves, citing the cryptocurrency's high volatility and non-compliance with International Monetary Fund guidelines on liquidity and risk management. This decision comes despite recent moves by other nations following US President Donald Trump's creation of a Strategic Bitcoin Reserve from confiscated assets.

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• Mar 14, 9:32 PM Cointelegraph

  VanEck files for an AVAX ETF aiming for direct exposure

  VanEck has filed with the US Securities and Exchange Commission to create an Avalanche (AVAX) exchange-traded fund (ETF), intending to offer investors direct exposure to the smart contract platform. The fund aims to reflect AVAX's price performance, less the operational expenses, and will value its shares based on the MarketVector Avalanche Benchmark Rate.

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• Mar 14, 4:55 PM Cointelegraph

  CNV of Argentina finalizes regulations for crypto service providers

  Argentina's National Securities Commission (CNV) has finalized regulations for virtual asset service providers (VASPs), as outlined in General Resolution No. 1058. These regulations establish standards for registration, cybersecurity, asset custody, anti-money laundering practices, and risk disclosure to ensure transparency, stability, and user protection in the crypto ecosystem. Additionally, the rules mandate a separation of company and client funds, regular audits, and monthly reporting. VASPs must comply by staggered deadlines based on their geographical incorporation, with severe penalties for noncompliance.

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• Mar 14, 12:30 PM REX Shares

  REX launches Bitcoin Corporate Treasury Convertible Bond ETF

  REX has introduced the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), a novel fund on NASDAQ offering exposure to convertible bonds from firms using Bitcoin in their corporate treasuries. Designed for easier investment in convertible bonds tailored by companies like Strategy, the ETF is managed actively focusing on issuers well-versed in Bitcoin-backed corporate debt.

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• Mar 14, 11:05 AM The Block

  Russia employs crypto to circumvent sanctions in oil trades with China and India

  Russia is utilizing cryptocurrencies, such as bitcoin and ether, through intermediaries to facilitate oil trades with China and India, effectively bypassing Western sanctions. This method helps convert yuan and rupees into rubles more smoothly and uses stablecoins like USDT, although Tether can freeze these funds to comply with regulations. The crypto-based transactions are an operational adaptation in response to sanctions imposed following Russia's invasion of Ukraine, highlighting crypto's increasing role in international trade amid regulatory challenges.

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• Mar 14, 12:33 AM RWA.xyz

  BlackRock BUIDL fund surpasses $1 billion in investments, propelling tokenized treasury sector to new heights

  One year after its inception, BlackRock's BUIDL, a tokenized treasury fund, has attracted over $1 billion, with recent investments including a $200 million infusion from Ethena Labs. BUIDL, developed in partnership with Securitize, provides crypto investors with exposure to US Treasury bills, cash, and repurchase agreements on the Ethereum blockchain. The broad tokenized treasury market has also expanded, reaching a record $4.4 billion in size, driven by contributions from firms like Franklin Templeton, Ondo Finance, and Superstate. This rise reflects a growing institutional interest in tokenized assets within the crypto landscape.

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• Mar 13, 5:32 PM CoinDesk

  US Senate advances major stablecoin regulatory bill

  The US Senate Banking Committee has advanced a significant stablecoin regulation bill, marking a pivotal step toward potential enactment. The bill, targeting federal regulation of US stablecoin issuers, won committee approval with an 18-6 vote and now moves towards a full Senate vote, paralleling action in the House of Representatives. Despite remaining challenges, including reconciling Senate and House versions, this development signals substantial legislative movement in crypto regulation.

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• Mar 13, 2:00 PM The Block

  Aave Labs launches Horizon to target institutions with real-world asset initiatives

  Aave Labs has introduced Horizon, a new initiative designed to foster the institutional adoption of decentralized finance (DeFi) by integrating traditional finance with DeFi. Horizon will leverage the Aave ecosystem to offer structured real-world asset (RWA) solutions, enabling institutions to use tokenized money market funds as collateral for stablecoin liquidity. The initiative will enhance the role of Aave's stablecoin GHO and aims to bridge the gap between traditional finance and DeFi while addressing the need for compliance and risk management in institutional DeFi engagement.

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