Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Fidelity has launched FDIT, a tokenized share class of its Treasury fund on Ethereum, bringing U.S. Treasuries on-chain with 24/7 transferability and institutional-grade custody. The fund targets short-duration Treasuries and cash equivalents, offering a compliant, yield-focused RWA product. Ondo Finance is the largest investor, using FDIT as a reserve asset for OUSG to enhance liquidity and settlement. The move positions Fidelity alongside major asset managers embracing tokenized funds and could accelerate institutional adoption of on-chain treasuries.

Binance has teamed up with Singapore Gulf Bank to offer direct USD transfers for retail users via Binance Bahrain. By linking SGB accounts, users can make instant deposits and withdrawals, converting fiat to crypto seamlessly within the platform. The service provides a fully compliant, bank-grade pathway for moving dollars in and out of crypto, aiming to reduce friction, speed up settlements, and give everyday users a smoother, regulated way to access digital assets.

Vietnam has approved a five-year pilot for regulated crypto trading platforms to test market rules and consumer protections while shaping a long‑term framework. The program is expected to license multiple domestic exchanges, require Vietnamese oversight, and tighten standards on issuance, trading, and AML/KYC as authorities study impacts before full legalization. The move positions Vietnam to channel strong retail demand into a supervised market and could establish the country as a regional hub if the trial proves successful.

SharpLink has begun executing its authorized $1.5 billion stock repurchase plan, buying back about 1 million SBET shares to boost shareholder value and signal confidence in its strategy. The company views its stock as undervalued and expects repurchases to be accretive while it maintains a strong ETH‑focused balance sheet. Future buybacks will depend on market conditions and available cash, with management emphasizing disciplined capital allocation to support long‑term growth and investor returns.

Chainlink’s CCIP has launched on the Aptos mainnet, connecting Aptos to a broad multi-chain network and enabling secure cross-chain transfers. The integration brings Aave into the Aptos ecosystem, supporting assets like GHO and enhancing liquidity flows for DeFi builders and users. By offering a standardized, security-focused bridge, CCIP aims to accelerate institutional adoption on Aptos and simplify tokenized asset movement. Developers can now tap global liquidity and build interoperable apps across EVM and non‑EVM chains.

Nasdaq plans to invest $50 million in Gemini, the cryptocurrency exchange founded by the Winklevoss twins, ahead of Gemini’s upcoming IPO. The exchange aims to raise up to $317 million and trade under the ticker “GEMI.” The partnership will give Nasdaq clients access to Gemini’s crypto custody and staking services, while Gemini’s institutional users can utilize Nasdaq’s Calypso platform for managing trading collateral. Despite a $282.5 million net loss in H1 2025, Gemini continues to be a leading player in U.S. crypto trading.

South Korea’s largest crypto exchange, Upbit, unveiled GIWA, its own blockchain built on Ethereum Layer 2 using OP Stack. GIWA offers fast 1-second block times and full compatibility with Ethereum’s EVM, making it easy to migrate Solidity contracts and tools. The blockchain aims to lower barriers for Web3 entry, enabling faster, cheaper transactions. Upbit had previously launched a teaser website with a live countdown, building anticipation ahead of the official reveal at its developer conference.

Binance announced the listing of Ethena’s USDe stablecoin, opening trading pairs USDe/USDC and USDe/USDT starting September 9, 2025. USDe is the largest non-fiat-backed dollar asset, backed by crypto-assets including BTC and ETH, with a supply exceeding $12 billion. Withdrawals open on September 10. Ethena’s USDe is rapidly growing in popularity, offering users stable, yield-generating options integrated with major DeFi and centralized platforms, marking a significant milestone for the stablecoin market.

Ronin Network is transitioning to Ethereum Layer 2 using Optimism’s OP Stack, offering 15 times faster transactions and improved security. The move includes $5-7 million in milestone grants and connects Ronin to the wider Superchain ecosystem, including popular platforms like Base and Uniswap. This upgrade aims to enhance scalability and user experience, supporting gaming, DeFi, and NFTs as Ronin embraces a stronger, more versatile blockchain future.

Ripple has strengthened its partnership with Spanish bank BBVA by deploying advanced digital asset custody services for institutional clients in Spain. This move supports BBVA’s growing crypto offerings, including bitcoin and ether trading and custody, under the EU’s MiCA regulation. The partnership builds on Ripple’s existing work with BBVA in Switzerland and Turkey. It aims to enhance security and compliance, allowing BBVA to better serve its customers interested in digital assets with trusted custody solutions.