Crypto News
Phantom Celebrates ‘Suinami,’ Rolls out Beta Support for Sui
Phantom, a Solana-focused cryptocurrency wallet, has announced the inclusion of Sui, a high-throughput blockchain project, in beta. Sui becomes the fifth cryptocurrency option available on Phantom alongside solana, ethereum, bitcoin, and base. In this initial phase, Phantom will allow users to swap thousands of sui tokens from its interface and use their favorite Sui decentralizedSource link
Apollo Unveils Tokenized Private Credit Fund as Blockchain Deepens TradFi Links
Apollo, an investment firm with over $730 billion in assets under management, is offering investors a new tokenized private credit fund with the help of security token specialist Securitize.Accessed via the Apollo Diversified Credit Securitize Fund (ACRED) feeder fund, the token is the first public on-chain offering for accredited investors of Apollo and also the first integration for Securitize with the Solana blockchain, as well as with Ink, a layer-2 network built by the Kraken crypto exchange. Ethereum, Aptos, Avalanche and Polygon are also initial launchpads for the tokenized fund.Apollo Diversified Credit Fund, which has more than $1.2 billion in managed assets, invests in corporate direct lending, asset-backed finance as well as performing, dislocated and structured credit, the firm said....
Crypto Critic and Former Senator Bob Menendez Gets 11 Years in Prison for Bribery
Staunch crypto skeptic and disgraced former U.S. Senator Bob Menendez was sentenced to 11 years in prison on Wednesday on charges of bribery and acting as an agent for Egypt, the Associated Press reported.Menendez was a Democrat from New Jersey and famous for taking shots at crypto. He once called bitcoin (BTC) an "ideal choice for criminals" and also opposed El Salvador's acceptance of BTC.“You were successful, powerful, you stood at the apex of our political system,” District Judge Sidney H. Stein told Menendez, according to AP. ”Somewhere along the way, and I don’t know when it was, you lost your way and working for the public good became working for your good.” Stein added.Menendez took bribes in the form...
TRUMP Meme Coin Finds New Use Case: Purchasing Trump-Related Merchandise
TRUMP can now be used to buy Trump-linked merchandise on several websites. The move aims to give the token a use different from pure speculation. TRUMP Coin Checkout Enabled for Different Trump-Focused Merchandise Sites TRUMP, the official meme coin of the U.S. President, is now being added as a checkout option in several stores thatSource link
BlockFills and CoinDesk Indices Launch Options Market for CoinDesk 20 Index
Institution-focused digital asset technology and trading firm BlockFills is collaborating with CoinDesk Indices to launch options tied to the CoinDesk 20 Index (CD20).The CoinDesk 20 Index, which debuted a year ago, measures the performance of leading digital assets, catering to institutional demand for diverse tradable products beyond bitcoin (BTC) and ether (ETH). The availability of options means traders can speculate on volatility and time in addition to price direction, bringing professional liquidity to the index.Options are derivative contracts that give the holder the right to buy or sell the underlying asset at a predetermined price on or before a specific date. The ongoing crypto bull run, led by the institutionalization of bitcoin, has seen investors embrace options tied to BTC...