Tokenized Fashion Tech Startup IYK Raises $16.8 Million

FalconX, based in San Mateo, California, has introduced forward rate agreements linked to Ethereum staking yields, creating a new type of rate-based derivatives in the digital asset market. The contracts are based on the Treehouse Ethereum Staking Rate (TESR), part of Treehouse's framework for crypto-native benchmarks.

Australia has proposed legislation to regulate digital asset platforms, aiming to enhance consumer protections and industry clarity. The draft introduces new categories under the Corporations Act, requiring operators to obtain a financial services license and adhere to specific standards.

GSR has filed for an ETF based on cryptocurrency treasuries, with plans for four other funds focused on Ethereum and staking. The ETF will invest in firms holding cryptocurrencies in their treasuries, targeting companies listed on U.S. stock exchanges and potentially including private investments in public equity.

The Maryland Department of Transportation experienced a cybersecurity incident where sensitive data was stolen and is now being auctioned for 30 Bitcoin, or $3.4 million, by the hacking collective Rhysida Ransomware. The department confirmed data loss and advised users to update passwords and enable two-factor authentication to mitigate potential effects.

AML Software, based in Illinois, has filed a lawsuit against Athena Bitcoin for allegedly attempting to steal its source code and engaging in copyright infringement and trade secret misappropriation. The complaint also names Jordan Mirch as a defendant, accusing him of being the driving force behind the scheme.

A recent study by researchers at zkSecurity, Prooflab, and Imperial College London reveals that Ethereum's rollup networks are mispricing small transactions, leading to potential risks like inflated user costs and denial-of-service attacks. The study highlights the need for more sophisticated fee mechanisms to balance fairness, security, and usability.

South Park's next episode, "Conflict of Interest," focuses on prediction markets and a rift between characters Cartman and Kyle due to a popular prediction market app taking over their school. Crypto-backed prediction markets are seizing the opportunity to bet on mentions in the episode.

Jiuzi Holdings has approved a crypto investment policy allowing up to $1 billion for Bitcoin, Ethereum, and BNB. Despite a 47% spike in shares initially, JZXN finished the trading day down 33%.

According to Chainalysis, the Asia-Pacific region is experiencing the fastest growth in crypto adoption, with India, Pakistan, and Vietnam leading in global crypto activity. The region's transaction volume has increased from $1.4 trillion to $2.36 trillion in the last 12 months.

Solana meme coin PWEASE surged 65% after a meme by U.S. Vice President JD Vance went viral, leading to a $4.65 million market cap. The meme coin had previously peaked at $54 million in March but had since dropped significantly.