cari

According to Businesswire, the bank-led digital currency network Cari announced that it has raised $32.5 million in its first round of external financing, with all funds coming from banking institutions, including First Horizon Bank, Huntington Bank, KeyBank, M&T Bank, Old National Bank, and SouthState Bank, as well as Glacier Bank.Cari is built on an Ethereum-based permissioned Layer 2 blockchain, aimed at helping banks put funds on-chain through shared infrastructure, providing programmable financial services. The new funds will be used to accelerate bank access and integration, expanding tokenized deposits and programmable currency application scenarios.

The blockchain infrastructure protocol Lava Network has signed a non-binding memorandum with developer BHL Group to design a tokenized regulatory sandbox for the planned residential development project Alba Bay in the Caribbean. The project plans to build over 40,000 residential units, covering nearly 40 million square meters, with a cost of billions of dollars, and is expected to break ground in the first quarter of 2027.Lava claims this is its first real-world asset authorization project. Currently, no units have been tokenized, and no infrastructure has been deployed; BHL is not required to pay any upfront fees to Lava. Lava's role is to support ecological promotion, coordinate the application of crypto-native teams, and participate in the sandbox design, with commercial terms based on usage, no fixed fees, equity, or token grants.According to CoinGecko data, the LAVA token has fallen over 90% from its peak in 2024, with a market capitalization of approximately $9 million. Lava stated that the tokenization structure has not yet been determined, and any tokens will supplement rather than replace existing property registrations; whether the project can advance to the tokenization stage depends on subsequent assessment results.

According to CoinDesk, Colombian President Gustavo Petro stated that coastal Caribbean cities in the country, such as Barranquilla, Santa Marta, and Riohacha, could utilize surplus renewable energy to become Bitcoin mining hubs.Gustavo Petro proposed involving the largest local indigenous community, the Wayúu, in project ownership and believes this move will significantly boost development in the Caribbean region. Currently, about 75% of Colombia's electricity comes from renewable resources, and the plan aims to emulate Paraguay's model of attracting miners by using cheap clean energy. As U.S. miners shift towards AI computing, Colombia hopes to fill the global computing power gap by providing idle electricity.

ZKsync announced a collaboration with five regional banks in the United States to develop a tokenized deposit network called Cari Network. This network is built on Matter Labs' Prividium platform, utilizing privacy-preserving permissioned blockchain infrastructure. The partner banks include Huntington Bank, First Horizon, M&T Bank, KeyBank, and Old National.Cari Network is positioned as a secure, private, and regulatory-compliant infrastructure, with tokenized deposits existing directly as bank liabilities and qualifying for FDIC insurance. It aims to connect the $8.3 trillion in assets held by regional banks to the blockchain, providing around-the-clock programmable digital currency services.

Paxos co-founder Chad Cascarilla stated that Paxos has applied to the SEC to become a clearing agency. This move will allow Paxos to directly hold bonds and stocks and issue them natively on-chain, enabling users to hold the actual underlying assets instead of derivatives.

ChainCatcher news, according to Jinshi reports, Elon Musk's social media platform "X" CEO Linda Yaccarino has announced her resignation.

ChainCatcher news, according to Jinshi Data reports, Mansoor Mohi-uddin, chief economist of the Bank of Singapore, stated in a research report that the downgrade of the U.S. credit rating last Friday has widespread implications for its economic outlook. First, the deteriorating fiscal situation in the U.S. reinforces our view that long-term U.S. Treasury yields will rise over time. The bank continues to predict that the 10-year U.S. Treasury yield will reach 5.00% in the next 12 months. Second, the threat to the safe-haven status of U.S. Treasuries highlights the bank's belief that the dollar has already peaked. Finally, the massive U.S. deficit and inflation may force the Federal Reserve to maintain higher interest rates for a longer period.

ChainCatcher news, according to CoinDesk, Japan's C2C second-hand trading platform Mercari has announced the launch of its NFT marketplace "Mercari NFT".Mercari NFT will collaborate with the major overseas NFT trading market OpenSea to support the trading of NFT projects on the platform. Users can conduct transactions using Mercari's existing payment system without the need to open a cryptocurrency wallet or trading account.Available payment methods include Merpay balance, Merpay Smart Pay, and Mercard, while Bitcoin processed by the subsidiary Mercoin is not supported as a payment method. There are no fees for purchasing or listing NFTs, with a 10% fee charged only upon the sale of the item.The platform supports products including the Azuki sub-series BEANZ Official and "MEGAMI" created by Japanese illustrator Naoki Saito.

ChainCatcher news, the Brazilian Federal Police launched "Operation Alcacaria" this Wednesday, aimed at combating operators who provide money laundering services using cryptocurrencies. In addition, the police are tracking and investigating exchanges that collaborate with these operators to provide liquidity for their money laundering activities. However, the names of those involved have not yet been released.This operation issued 62 search warrants, 13 arrest warrants, and seized funds from the involved entities' banks.

ChainCatcher news, according to a report by the Global Times citing the NBC News website, sources say that President Biden's campaign is facing a significant decline in donations, making the situation extremely dangerous.Several sources stated, "The situation is catastrophic. Funding sources have dried up. This month, Biden's campaign fundraising from major donors may decrease by half or even more."Another source indicated, "Donors are very passive. They had a call with the president. This call seemed unnatural to people, and I think they do not believe in him."Reports suggest that Biden may receive the presidential nomination as early as July 21, without having to wait for the Democratic National Convention in August, thus ending the debate over whether he should run. The second debate between Biden and Trump is scheduled for September 10. The U.S. presidential election will be held on November 5.

ChainCatcher news, the Japanese e-commerce platform Mercari announced that it will start accepting Bitcoin (BTC) payments from June this year. Mercari will process Bitcoin payments through its crypto subsidiary Melcoin based in Tokyo, and Melcoin will convert all BTC payments into Japanese yen, meaning that while buyers can choose to pay with BTC, sellers will receive fiat currency.

ChainCatcher news, Musk tweeted to welcome NBCUniversal's former advertising chief Linda Yaccarino as the new CEO of Twitter.It is reported that Linda Yaccarino will focus primarily on business operations, while Musk will concentrate on product design and new technologies. (source link)

ChainCatcher news, according to The Washington Post, Musk has chosen NBC Universal's advertising chief Linda Yaccarino as the CEO of Twitter. (source link)

ChainCatcher news, according to the announcement on the Huobi official website, at the Huobi brand upgrade launch event held in Singapore, Huobi publicly unveiled its global development roadmap and international operation strategy for the first time. To promote its global layout, Huobi will expand its business in the Caribbean region and increase investments in Southeast Asia, Europe, and other regions to accelerate user growth.In addition, during the process of global development and growth, Huobi will seek various strategic merger and acquisition opportunities. At the same time, Huobi will focus on recruiting top talents in the blockchain and virtual asset fields. (Source link)