☑️ Last Night's Top Global Crypto News
1. Uniswap and Securitize Integrate BlackRock's BUIDL On-Chain Trading, Expanding RWA DeFi
Uniswap Labs and Securitize have integrated BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) for on-chain trading. BUIDL will be exchanged for USDC 24/7 via Uniswap X, via an RFQ for whitelisted investors, with liquidity provided by approved market makers. This collaboration is seen as a prime example of expanding RWA liquidity by bridging the regulatory credibility of traditional finance with the openness of DeFi. The industry sees increased interoperability between large asset managers and DeFi protocols. [Read More]
2. Franklin Templeton and Binance Launch Institutional Money Market Fund Collateral Program
Franklin Templeton and Binance have launched an over-the-counter (OTC) program that allows institutional investors to use tokenized money market fund (MMF) shares as collateral for trading. MMF shares issued on the Benji platform are recognized as collateral without having to be deposited in an exchange, and the actual assets are stored in a regulated custody environment. Custody and settlement are supported by Ceffu. The industry sees this collaboration as a case study demonstrating the expansion of institutional collateral models utilizing profitable RWAs and accelerating institutional integration. [Read more]
3. Arkham Exchange Pushes for Full DEX Transition from CEX
Arkham Exchange has denied rumors of its service closure and announced its intention to transition from a centralized exchange (CEX) model to a fully decentralized exchange (DEX). Miguel Morel, CEO of parent company Arkham Intelligence, formalized the restructuring plan, stating that the future of cryptocurrency trading lies in decentralization. This decision comes amidst the surge in DEX trading volume and the expansion of perpetual on-chain trading. Arkham is seen as strengthening its competitiveness by prioritizing asset custody and cost efficiency. [Read more]
4. Lighter Lists First Domestic Stock Perpetual Futures… Funding Fee Rebate Introduced
Lighter announced the first listing of perpetual futures based on Hyundai Motor, Samsung Electronics, SK Hynix, and the Korea Composite Index, supporting on-chain trading of domestic stock perpetual futures. These products offer up to 10x leverage, expanding global traders' exposure to major Korean stocks. The company also introduced a "funding fee rebate" system, offering up to 15% in refunds to position holders who pay funding fees. The industry is noting this experiment, which differs from the on-chain derivatives of traditional assets, in terms of its fee structure. [Read More]
5. Sonic Transitions to L1 Value Model… Directly Strengthens S Tokens through Vertical Integration
Sonic announced its intention to move away from the existing L1 value accumulation model, which relies on gas fees, and pursue a "vertical integration" strategy that integrates core applications and liquidity on-chain. The plan is to directly build and integrate key DeFi infrastructure, including trading, lending, and stablecoins, and ensure that the generated revenue flows back into the S Token economy. This is an attempt to address the "value leakage" problem exacerbated by the commoditization of blockspace. Sonic plans to introduce a long-term S token buyback structure based on protocol revenue to strengthen tokenomics centered on real profits. [Read more]
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