Coindesk

Ethereum scaling network Arbitrum's token ARB is gaining on Thursday as speculation swirled that the network could be next where PayPal's U.S. dollar stablecoin PYUSD will be deployed. The network was recently added to PayPal's cryptocurrency terms and conditions webpage as a supported chain for PYUSD, alongside Ethereum and Solana SOL where the token is already live."PYUSD is issued by Paxos, not PayPal, on each of the Ethereum, Solana, and Arbitrum cryptocurrency networks," the page reads.ARB was up 7.7% over the past 24 hours, outpacing bitcoin's BTC and ETH's gains during the same period.CoinDesk asked PayPal and Paxos representatives for comment. Notably, the Stellar XLM blockchain, which PayPal announced last month to be added for PYUSD, was not mentioned in...

Midas, a financial tokenization platform, said it is introducing two tokenized investment products on Etherlink, an Ethereum-compatible layer-2 overlay system for faster and cheaper transactions, built using the Tezos blockchain.The new products, mMEV and mRe7YIELD, are designed to offer opportunities in decentralized finance (DeFi) and are monitored by MEV Capital and Re7 Capital, respectively, each acting as appointed risk manager, according to a Wednesday press release.The move builds on Midas’ earlier products, mBASIS and mTBILL, which have together attracted $11 million in total value locked (TVL) on Etherlink since their introduction. These tokenized certificates track financial strategies through ERC-20 tokens, allowing users to hold exposure through self-custodied, permissionless smart contracts while retaining compliance oversight.The new products follow a similar model....

By Francisco Rodrigues (All times ET unless indicated otherwise)Traders are waking up to discover the crypto rally still has legs. Bitcoin (BTC) is up 2% over the past 24 hours to $119,000 after U.S. consumer-price data stirred talk that tariffs are feeding inflation.Even though the dollar strengthened after the Tuesday report, demand pushed through, with money flowing into U.S. spot bitcoin ETFs, which are seeing $700 million in total net inflows so far this week.Demand is further supported by corporate treasuries which, according to BitcoinTreasuries data, now hold 859,993 BTC worth over $100 billion. That figure is likely to keep growing, and Cantor Fitzgerald Chairman Brandon Lutnick is in late-stage talks for a $3 billion bitcoin treasury deal.Against that background,...

Eclipse, the layer 2 that combines technology from the Ethereum and Solana blockchains has gone live with an airdorp of its $ES token.The team behind the network shared that the initial distribution will occur over the next 30 days.According to a press release shared with CoinDesk, a total of 1 billion $ES tokens have been minted. Of the supply, 15% is allocated to an airdrop and liquidity provisions for core community members and developers who have supported the network from the start. 35% will support ecosystem growth and research and development, aimed to help scale the network.Contributors will receive 19% of the supply, including team members,with a four year vesting period and three year lockup schedule. The remaining 31% is...

Ripple has expanded its institutional custody services into the Middle East, partnering with UAE-based tokenization platform Ctrl Alt to support Dubai’s government-led real estate digitization initiative.The deal, announced on Tuesday, will see Ctrl Alt use Ripple’s custody infrastructure to store tokenized property title deeds issued by the Dubai Land Department (DLD) on the XRP Ledger (XRPL).Ripple’s technology will underpin the secure storage and lifecycle management of fractionalized real estate titles, which forms a key component of Ctrl Alt’s end-to-end infrastructure for asset tokenization.Ctrl Alt recently became the first VASP in Dubai authorized to offer issuer-related services under the Virtual Assets Regulatory Authority (VARA), tying token issuance directly to on-chain custody.The move comes amid growing momentum for cryptocurrencies in Dubai. Ripple...