29m ago
Trump-linked World Liberty Financial wins conditional OCC approval for a national trust bank as a $112 million DeFi position nears liquidation
The Office of the Comptroller of the Currency (OCC) has granted World Liberty Financial preliminary conditional approval to form a national trust bank centered on its roughly $4 billion USD1 stablecoin. The proposed World Liberty Trust Company would ultimately bring USD1 issuance and reserve custody under federal supervision if it meets the remaining conditions for final approval. Separately, World Liberty’s DeFi leverage tied to WLFI—backed by 5 billion WLFI tokens—has moved closer to liquidation thresholds, while more than $40 million of borrowed funds have been transferred to Coinbase Prime.
USD1
USD1+0.02%
29m ago
1h ago
MEXC adds five Ondo-linked tokenized stock pairs spanning AI infrastructure and rare earths
MEXC said it has expanded its tokenized stock lineup by adding five new Ondo protocol-linked trading pairs covering AI infrastructure, semiconductors, enterprise software and strategic rare earth materials. Data cited by MEXC and CoinGecko showed that US stock-related trading across six major centralized exchanges jumped 337.4% month over month in June to $189.84 billion. Stock products accounted for 48.3% of traditional-asset trading volume in the report, surpassing precious metals. MEXC said its own traditional-finance trading volume reached $91.12 billion in May, up by about 59 times.
ONDO
ONDO-0.36%
1h ago
1h ago
Spot Bitcoin ETF flows flip to about $390 million in outflows over five sessions as Ethereum streak breaks
Spot Bitcoin ETFs saw flows reverse last week, posting net outflows on four of five trading days totaling about $390 million. Monday recorded $144.67 million in withdrawals, followed by $61.16 million on Wednesday, $131.13 million on Thursday and $57.63 million on Friday, while Tuesday saw a modest $4.89 million net inflow. The prior week brought more than $850 million of net inflows, the strongest weekly showing since April, fueling expectations that demand was recovering. As of Friday, Fidelity’s FBTC had $10.70 billion in assets and Grayscale’s GBTC had $8.26 billion.
BTC
BTC-0.07%
1h ago
4h ago
Newtime Infrastructure Q1 FY27 net loss widens 33% to ₹3.34 crore
Newtime Infrastructure reported a 33% year-on-year widening in its first-quarter net loss to ₹3.34 crore. Total income from operations fell 19% to ₹4.89 crore from ₹6.04 crore a year earlier. Loss before tax increased to ₹2.51 crore from ₹2.08 crore, while other comprehensive income was ₹7.73 crore and total comprehensive income declined 22.3% to ₹4.39 crore. Shareholders also approved a resolution with 99.9999% of votes in favor.
4h ago
4h ago
Li Lu’s Himalaya Capital boosts PDD stake 133.5% in 2026 Q2 13F filing
Li Lu’s Himalaya Capital Management disclosed in its 2026 second-quarter 13F filing that it lifted its stake in PDD Holdings (PDD) by 133.5%, adding 6.15 million shares at an average price of $92.32. The position rose to 22.17% of the fund’s U.S. equity portfolio, making PDD its third-largest holding. PDD shares traded between $73.30 and $104.79 during the quarter. Charlie Munger previously praised Li Lu’s investment returns as extraordinary.
4h ago
4h ago
Axel Polymers posts ₹10.07 lakh Q1 net loss as revenue jumps 700.4%
Axel Polymers released unaudited first-quarter results showing revenue of ₹37.70 lakh, up 700.4% year on year. Profit before tax swung to a loss of ₹9.82 lakh from a profit of ₹13.73 lakh in the prior-year quarter. Net profit turned to a loss of ₹10.07 lakh versus a profit of ₹13.73 lakh a year earlier. Basic EPS came in at a loss of ₹0.04, compared with earnings of ₹0.06 in the same period last year.
4h ago