China News Today TheBitTimes.com

The XRP price jumped 2% in the past 24 hours to trade at $3.09 as of 4:03 a.m. EST, as Ripple partners with DBS and Franklin Templeton to launch RLUSD-backed trading and lending. In an announcement, Ripple said that the partnership was set to launch trading and lending using its RLUSD stablecoin and tokenized money market funds. Introducing the next building block of onchain markets – we’re partnering with @DBSbank and @FTI_Global to establish repo markets powered by tokenized collateral and stablecoins: https://t.co/vFTL32XO8C Investors will be able to use $RLUSD to trade for Franklin Templeton’s money… — Ripple (@Ripple) September 18, 2025 The collaboration was formalized through a memorandum of understanding signed in Singapore. Through the deal, DBS Digital Exchange (DDEx) will list Franklin Templeton’s tokenized money market product, sgBENJI, alongside RLUSD. The signed Memorandum will allow Franklin Templeton to tokenize its money mark...

Decentralized, cross-chain “liquidity protocol” THORChain has paused its lending and saving services after the community raised concerns about the project’s solvency. Aside from its core function as a cross-chain decentralized exchange (DEX), THORChain offers generous bitcoin (BTC) and ether (ETH) collateralized “0% interest, no liquidations, and no expiration” loans as well as “Savers” vaults on native tokens. .@THORChain is insolvent In the event of any large debt redemption and/or savers & synths deleveraging, it is certain that TC cannot meet its bitcoin and eth denominated obligations. Validators decided to pause the network while they vote a restructuring plan — TCB (@1984_is_today) January 24, 2025 Read more: Do Kwon escapes extradition limbo — enters US trial limbo THORChain community member TCB pointed to total liabilities of around $200 million between the two programs, backed by just $107 million of (non-locked) liquidity. The thread e...

Thailand’s Securities and Exchange Commission (SEC) introduced new regulations aimed at digital assets.  The guidelines mandate that digital asset service providers must provide comprehensive risk warnings to ensure awareness of the potential risks involved in cryptocurrency trading. Enhance investor protection On July 3, the Securities and Exchange Commission (SEC) of Thailand unveiled new rules regarding digital asset trading and services, with the details published in the Royal Gazette.  The key highlights include a mandatory risk disclosure for cryptocurrency trading and a ban on deposit-taking and lending services. Starting from July 31, 2023, operators, brokers, and traders in cryptocurrency trading centers must provide a clear warning about the high-risk nature of cryptocurrencies, ensuring users understand the potential loss of their entire investment. Users must also receive an investment suitability assessment and information on appropriate investme...

Delio, a Korea-owned crypto currency lending and savings company, has temporarily suspend ed fund withdrawal s, citing increased market volatility.  Delio, a South Korea-based digital assets lending platform offering users high returns on their crypto holdings, has suspended fund withdrawals, citing increased market volatility. Established in 2018, Delio offers its users up to a 10.7% annual percentage ratio (APR) on their bitcoin (BTC), ether (ETH), and USDT holdings.   According to a statement by the company, its decision to suspend deposits and withdrawal s is aimed at protecting its customers, who are now confused due to the sharp drop in the price of bitcoin and other crypto currencies. “We are very sorry for causing concern to our valued customers and investors due to the unavoidable temporary suspension of withdrawals. Delio will do our best to protect the assets of our customers while quickly grasping the facts and aftermath related to this situation.” Delio  ...

Hodlnaut’s court-appointed judicial managers are reportedly in the process of signing non-disclosure agreements with the potential buyers. Troubled cryptocurrency Lending firm Hodlnaut is reportedly working with several potential investors to sell its Business and other assets. A number of potential buyers have inquired about purchasing Hodlnaut and its claims against the collapsed crypto exchange FTX, Bloomberg reported on Feb. 6. Hodlnaut’s interim judicial managers have received multiple proposals to acquire its Singapore-based crypto business after the company sought protection from creditors. Citing an affidavit, the report notes that the judicial managers are now in the process of signing non-disclosure agreements with the potential investors. The affidavit reportedly indicated that as of Dec. 9, Hodlnaut Group owed a total of $160.3 million — or 62% of outstanding debt — to companies and entities like Algorand Foundation, Samtrade Custodian, S.A.M. Fintech and Jean-Marc T...

Hodlnaut downplayed its exposure to the Terra ecosystem, but an investigation into the embattled crypto lender shows it lost $190 million in the Terra crash. The Singapore-based troubled crypto lender is looking at a possible liquidation as the firm's creditors have rejected the proposed restructuring plan and are seeking liquidation of the platform’s assets. The group of creditors rejected a restructuring plan offer that allowed the current directors to look over the operations of the firm during the restructuring phase. However, a Jan. 12 hearing rejected an application to remove the interim judicial managers, reported Bloomberg. Cast your vote now! The creditor s believe restructuring plans are of no help, and it is in their best interest to wind down and liquidate the remaining assets of the firm. Algorand Foundation, one of the key creditor s of the Singapore-based crypto lender, called for immediate liquidation and distribution of remaining assets among creditor s to maxim...