Coindesk

Bahrain-Regulated Crypto Exchange Enters $1B Tokenized Gold Market as RWA Demand Grows

ATME, a digital assets exchange licensed by the Central Bank of Bahrain (CBB), said on Tuesday it has completed its first tokenized real-world asset (RWA) issuance starting with gold-backed tokens.The tokens, available to accredited investors, each represent one kilogram of gold stored in custody, according to the press release. Investors can trade these digital assets on ATME’s secondary market or redeem them for physical gold. The initiative aims to modernize gold ownership by eliminating storage and transportation concerns while leveraging blockchain for efficiency and security.Read more: Tokenization Allows More Efficient Collateral Transfers, Digital Asset, Euroclear and World Gold Council Found in Pilot Project“By combining the timeless value of gold with blockchain technology, we are unlocking new ways for investors to...

Paraguay Is Only Waiting for Crypto Law: El Salvador’s Top Crypto Regulator

Paraguayan agencies are ready to integrate the crypto sector. All that’s missing is the legislation.That’s according to Juan Carlos Reyes, the president of the Comisión Nacional de Activos Digitales (CNAD), the agency in charge of regulating cryptocurrencies in El Salvador.“From my perspective, Paraguay seems to have the groundwork laid for supervision, regulation, and taxation regimes. It feels like they’re just waiting for politicians to approve or propose a formal law to move things forward,” Reyes told CoinDesk.On Friday Reyes signed a crypto regulatory agreement with Liliana Elizabeth Alcaraz Recalde, head of Paraguay’s Secretaría de Prevención de Lavado de Dinero o Bienes (SEPRELAD). The agreement aims to facilitate cooperation between the two countries when it comes to crypto, including the detection...

Ethereum L2 Starknet Seeks ‘Bitcoin’s DeFi Take-Off Moment’ With BTC Wallet Xverse

One of the foremost projects aiming to increase the speed of the Ethereum network is ramping up its work on the world's original blockchain: Bitcoin.Ethereum layer-2 Starknet, in partnership with BTC wallet Xverse, is aiming to deliver a "full DeFi experience to Bitcoin users."Xverse said it will "achieve Bitcoin's DeFi take-off moment," through integrating with Starknet in Q2 2025, in an emailed announcement on Tuesday.The partnership with Xverse comes amid a period of increased research into Bitcoin scaling using Starknet.The Starknet Foundation has published a new Bitcoin Roadmap, which described how Starknet would remain fully active on Ethereum, while "becoming Bitcoin's execution layer," with the goal of scaling the network "from 13 TPS to thousands."Developers have been increasingly exploring how...

Cboe Files Several Amended Documents to Allow Ether Staking in ETFs

Crypto exchange Cboe is asking the U.S. Securities and Exchange Commission (SEC) to allow staking in several spot ether (ETH) exchange-traded funds (ETFs), sending the price of token 2% higher over the past 24 hours.Before the funds launched in July, several issuers included staking in their applications. However, the SEC later required them to remove the feature, as the Commission was not allowing it at the time.Cboe, which is associated with five of the issuers of an ether ETF, including Fidelity, Franklin Templeton, VanEck, and Invesco/Galaxy, on Tuesday, filed amended 19b-4 documents for the Fidelity Ethereum Fund (FETH) and the Franklin Ethereum ETF (EZET), to allow staking.The move comes after former SEC chair Gary Gensler left the Commission; he resigned...

Taproot Wizards Looks to Raise Over $34M in Long-Awaited Sale of Signature NFTs

A Bitcoin ordinals project said it aims to raise over $34 million from an art collection of Microsoft Paint-style cartoon wizards following a similar sale last year that raised $13 million.Taproot Wizards plans to auction 2,121 non-fungible tokens (NFTs) of its signature "magic internet JPEGs," which harken back to a 2013 bitcoin meme: "magic internet money," later this month, according to an emailed statement. The Wizards were inscribed on the Bitcoin blockchain two years ago and are now being made available for sale. The project last year sold a collection of 3,000 "Quantum Cats" to raise support for the Bitcoin improvement proposal (BIP) OP_CAT. Despite being marred by technical issues, the collection quickly sold out, raising 300 BTC in...