Coindesk

A tokenized version of a major private credit fund managed by Apollo will arrive on Solana’s SOL decentralized finance (DeFi) ecosystem, bringing traditional financial instruments closer to the fast-growing network.The launch, orchestrated by lending platform Kamino Finance with support from tokenization specialist Securitize and DeFi risk advisor Steakhouse Financial, aims to make the Apollo’s Diversified Credit Securitize Fund (ACRED) token the first of its kind to be available for on-chain borrowing and leverage on Solana. The token's debut is pending on completing an audit, Kamino said.The ACRED token, launched in January, offers exposure to Apollo’s private credit strategies and is issued under Securitize’s regulated token framework. ACRED will also be the first token on Solana using Securitize’s sToken standard, with...

Crypto infrastructure company Validation Cloud announced Tuesday the debut of Hedera-based AI engine Mavrik-1 that lets users and developers get DeFi market insights by asking queries in plain English.Despite DeFi's promise in revolutionizing finance, its complexity has long acted as barrier against widespread adoption. For DeFi users, the learning curve is steep, requiring knowledge of complex terminologies such as liquidity mining, impermanent loss and staking. Many Defi platforms require users to interact with command-line interfaces and complex web applications.With Mavrik-1, users can ask questions like "Which trading pairs have the largest spreads and which stablecoin has the highest on-chaintransaction volume?." Imagine chatting with your personal AI advisor.The ability to seek information via natural language queries represents democratization of data analysis...

Global economic uncertainties are weighing heavily on cryptocurrency markets, with XRP experiencing significant selling pressure after failing to maintain momentum above $2.40.The digital asset has formed a bearish head-and-shoulders pattern on short-term charts, with high-volume selling emerging precisely when testing key resistance levels. Multiple analysts, including Ali Martinez, warn that losing the critical $2.30 support could trigger a substantial decline toward the $2.00 mark.Technical Analysis HighlightsXRP formed a distinct head-and-shoulders pattern after rallying to a peak of $2.411 before declining 3.38% to $2.330.Significant resistance established at the $2.40 level with high-volume selling pressure.Support at $2.345 was tested multiple times before breaking during the 13:00 hour with volume surging 23% above the 24-hour average.Price declined from $2.341 to $2.329 in the...

True Markets, a new decentralized finance (DeFi) trading platform focused on stablecoin-native execution, has launched its mobile app on Solana and closed an $11 million Series A, bringing total funding to $20 million, the company said in a press release Tuesday.The funding round was co-led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant Fund, and PayPal Ventures.Seed investors Paxos Ventures and the Solana Foundation, continue to support the firm, True Markets said.Founded by Coinbase (COIN) and Circle veterans Vishal Gupta and Patrick McCreary, New York-based True Markets aims to deliver a non-custodial, mobile-first DeFi trading experience for retail users, prioritizing speed, simplicity, and transparency. The app enables stablecoin-powered token trading on Solana, with gasless execution, smart order...

Energy management firm KULR (KULR) has expanded its bitcoin treasury to more than 800 tokens, with the purchase an additional $9 million worth of BTC.The latest acquisition — made at an average price of $103,234 each — brings the total amount KULR has spent on the cryptocurrency to $78 million.This continues the company's treasury strategy first announced in December last year, under which it committed to holding up to 90% of its surplus cash reserves in bitcoin.The Houston-based firm, which develops energy storage systems for aerospace and defense, is measuring the success of this pivot using a BTC Yield metric.That metric tracks the growth in the ratio of bitcoin holdings to the number of shares outstanding, rather than actual dollar...