Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Avalon Labs has introduced an AI-powered blockchain marketplace for real-world assets (RWAs) along with the AI-MaaS concept. They rolled out a Reinforcement Learning model on the BNB Chain and launched CRT, a new token standard granting legal commercial rights. Backed by YZi Labs and Framework Ventures, this project aims to revolutionize asset management by combining AI’s power with blockchain technology, delivering more efficient, transparent, and accessible decentralized finance solutions.

IQ and Frax have launched KRWQ, the first stablecoin pegged to the South Korean won on the Base network. KRWQ is designed to provide a stable digital asset that mirrors the value of the Korean won, making transactions smoother within the crypto space. It supports multi-blockchain transfers using LayerZero technology and is built with regulatory compliance in mind. Currently, minting and redemption are restricted to select partners, marking a significant step for Korea’s digital finance ecosystem.

Bank Indonesia is launching a stablecoin backed by government bonds and tied to its digital rupiah CBDC. This move aims to strengthen the country’s digital financial system by providing a secure and stable digital currency. The bond backing offers a trustworthy guarantee of value, helping to boost confidence among users. This initiative marks a key step in Indonesia’s efforts to modernize its economy and improve digital payments for individuals and businesses alike.

YZi Labs has made its first AI software investment by leading an $11 million seed round in VideoTutor, an innovative educational platform. Founded by 20-year-old entrepreneur Kai Zhao, VideoTutor uses AI to turn any question into personalized, animated lessons. The platform already serves over 20,000 users globally and aims to make high-quality tutoring affordable and accessible to all students. This investment marks a new direction for YZi Labs as it expands its focus into AI software for education.

Fidelity has updated its S-1 filing for its spot Solana ETF by removing the “delaying amendment” that previously gave the SEC control over the registration timing. This means the ETF can become automatically effective after 20 days, speeding up the approval process. Following Bitwise’s lead, this move signals growing momentum for Solana ETFs, paving the way for wider investor access to Solana through traditional brokerage channels.

The Federal Reserve has cut interest rates by 25 basis points to support the economy amid slowing growth. The move is expected to make borrowing cheaper for consumers and businesses, boosting spending and investment. Officials noted that inflation has eased slightly but remains a concern. The central bank signaled it will monitor data closely before making further changes. Markets welcomed the decision, seeing it as a positive step toward maintaining growth and financial stability.

Grayscale has launched its Solana Trust ETF (GSOL) on NYSE Arca, offering investors direct exposure to Solana along with staking rewards. This ETF is one of the first in the U.S. to combine spot holdings with staking features, providing a unique way to earn income while holding Solana. As a major crypto asset, Solana’s ETF supports investors seeking both potential price growth and staking returns under a regulated framework, marking a significant step for crypto investment products.

World Liberty Financial announced it will distribute 8.4 million WLFI tokens to early adopters of its USD1 stablecoin across partner exchanges. The rewards are part of its USD1 Points Program, which has generated over $500 million in volume in just two months. The company aims to boost engagement and liquidity for USD1 trading pairs while expanding its ecosystem through new partnerships and real-world asset tokenization. Early users will receive tokens through exchanges like Gate.io, KuCoin, and HTX.

An early Ethereum ICO participant has finally moved 1,500 ETH worth $6 million to the Kraken exchange after nearly 8 years of inactivity. This investor originally bought 20,000 ETH during the ICO for about $6,220. The remaining 18,500 ETH they hold are now valued at over $80 million, representing a massive 12,971x return. This move highlights the incredible long-term gains early Ethereum backers have seen as the network matures and evolves.

BitMine Immersion Technologies added 27,316 ETH worth $113 million to its treasury this week, increasing its total Ethereum holdings to $13.3 billion. This makes BitMine the largest ETH treasury globally and the second largest crypto treasury overall. The company, led by Tom Lee, aims to accumulate 5% of Ethereum’s total supply. BitMine is supported by top institutional investors and believes Ethereum will play a key role in future financial markets.