Paradex Launches Money Badgers to Tokenize Crypto Culture and Community

Paradex today unveiled Money Badgers, a new cultural and identity layer aimed at aligning community, culture, and participation across its growing crypto ecosystem. The launch represents a bold next step for the team behind Paradigm, the institutional derivatives platform that has processed over $1 trillion in trading volume, and Paradex, the zero-fee, privacy-first on-chain perpetuals…

Paradex launches Money Badgers, a cultural and identity layer designed to boost community engagement and long-term participation in its crypto ecosystem.

Bybit Unveils ByUSDT: A Yield‑Earning Stablecoin Tailored for Retail Traders

Bybit, the Singapore‑based cryptocurrency exchange that has grown into a global hub for derivatives and spot trading, announced the launch of ByUSDT on Monday. The new token is a fully‑backed, dollar‑pegged stablecoin that can be used as collateral across Bybit’s suite of financial products, from its Earn program to leveraged margin accounts. The move is designed to give retail traders a way to generate yield on assets that would otherwise sit idle, while also simplifying risk‑management for the platform’s fast‑growing user base.

Bybit launches ByUSDT stablecoin for retail yield earnings

Morgan International Finance Invests $90 Million in Jiuzi Holdings, Accelerating Blockchain & Web3 Push

Morgan International Finance’s latest strike—$90 million for a 30 % stake in China‑based Jiuzi Holdings—signals a decisive bet on the convergence of blockchain, Web3 and artificial intelligence in the fast‑moving fintech arena. The infusion comes at $3 per share, valuing Jiuzi at roughly $300 million and providing the capital needed to fast‑track a suite of initiatives that could reshape how Chinese enterprises and consumers interact with decentralized technologies.

Morgan Invests $90M in Jiuzi Holdings to Accelerate Blockchain

Apex AI Suite Rolls Out a Plug‑and‑Play Platform for Building Financial‑Tech Infrastructure in Hours, Not Months

Apex Fintech Solutions, the San Francisco‑based cloud‑native provider that has quietly been equipping midsize banks with “bank‑as‑a‑service” tools, announced the general availability of Apex AI Suite on Tuesday. The platform bundles a suite of pre‑built, AI‑enhanced microservices—core banking, payments, compliance, and identity verification—behind a single, developer‑friendly API layer. In theory, the offering lets product teams spin up a fully regulated financial infrastructure in a matter of days, then iterate with custom logic, machine‑learning models, or third‑party plug‑ins.

Apex AI Suite Enables Plug-and-Play Financial Infrastructure

Artajasa Teams Up with Global Payments and Ant International to Super‑Charge Indonesia’s QRIS Ecosystem

Indonesia’s digital‑payments landscape just got a major upgrade. Artajasa, the country’s leading operator of the QR Code Indonesian Standard (QRIS), announced a three‑way partnership with Global Payments—a U.S.‑based merchant services giant—and Ant International, the overseas arm of China’s Ant Group. The alliance aims to launch a suite of cross‑border payment solutions, a developer‑friendly API platform and a new “Digital Finance Hub” that could reshape how merchants, banks and fintechs transact in Southeast Asia’s biggest economy.

Artajasa, Global Payments and Ant International Boost QRIS

BitGo Prices NYSE Debut at $18 a Share, Nearing Upper End of Its IPO Range

BitGo, the San Francisco‑based crypto‑custody platform that powers everything from institutional vaults to DeFi bridges, announced on Tuesday that it will price its initial public offering at $18 per share, just $0.10 shy of the top of its previously disclosed range. The pricing puts the company’s valuation at roughly $7 billion, and the deal is expected to raise $1.1 billion in gross proceeds—one of the largest capital infusions for a pure‑play crypto‑infrastructure firm to date.

BitGo Prices NYSE Debut at $18, Raising $1.1 Billion

Crypto Derivatives Defy Geopolitics: Bybit & BlockScholes Report Market Steady Amid Greenland Tensions and JGB Yield Shock

A fresh joint analysis from Bybit and data‑analytics heavyweight Block Scholes shows that the crypto‑derivatives sector shrugged off two very different macro shocks in the first half of 2024. While a diplomatic flare‑up over Greenland’s strategic significance rattled risk‑off sentiment, and Japan’s sudden jump in 10‑year government‑bond yields sent a ripple through Asian markets, crypto perpetual contracts for Bitcoin (BTC) and Ethereum (ETH) continued to post healthy turnover, expanding open interest and displaying volatility patterns that were surprisingly flat.

Crypto Derivatives Stay Steady Amid Greenland Tensions