Crypto News
Robinhood Says OpenAI Stock Tokens Backed by Special Purpose Vehicle
Robinhood tokens offering equity in OpenAI technically aren't equity, Vlad Tenev confirmed in a recent CNBC interview, but are backed by "Robinhood's ownership stake in a special purpose vehicle."OpenAI warned earlier this month that the tokens being offered by Robinhood do not represent equity in the company, and any transfer of equity would require OpenAI's approval which they haven't given."In and of itself, I don't think it's entirely relevant that it's not technically an equity instrument," Tenev said on CNBC. "What's important is that retail customers have an opportunity to get exposure to this asset."Robinhood isn't the first platform to offer shares in pre-IPO companies with this model.Linqto, which offered retail investors exposure via special purpose vehicles that bought up...
New Zealand to Ban Crypto ATMs, Cap Transfers in AML Regime Shake-Up
With 221 machines nationwide, New Zealand joins countries reining in crypto kiosks over rising financial crime concerns.Source link
Inside North Korea’s Hiring Scams Targeting Crypto Firms
Companies and recruiters are warning that North Korea is hiring Europeans as fronts for job interviews, and the problem is only getting worse.Source link
Samurai Shodown R Launches on Sui with Blockchain-Integrated MMORPG Experience
Samurai Shodown R, a mobile MMORPG by SNK and Lumiwave, launches on Sui, featuring real-time multiplayer and onchain progression, leveraging blockchain for seamless gameplay. (Read More)Source link
XRP Clears $2.28 on Breakout Volume, Eyes $2.30 on Ripple’s Banking Charter Push
Ripple’s push for a U.S. banking license has reignited bullish momentum for XRP, fueling a high-volume breakout above the $2.28 resistance level and setting up a potential test of $2.38 — a level that, if breached, could trigger a larger upside move.News BackgroundRipple's application for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC) has provided a fundamental catalyst for XRP. The move signals deeper integration into the regulated financial system and is widely seen as a bullish step toward institutional adoption. As the regulatory narrative shifts, XRP has emerged as one of the few altcoins with both legal clarity and rising institutional interest.Price Action SummaryXRP rallied 2.36% over the 24-hour period from...