Buterin&#8217;s warning highlights the risk of centralization in Ethereum, urging a 
focus on true decentralization to preserve user sovereignty.
The post Vitalik Buterin warns Ethereum ecosystem against OpenAI&#8217;s path in 
EthCC speech appeared first on Crypto Briefing.

Buterin&#8217;s warning highlights the risk of centralization in Ethereum, urging a focus on true decentralization to preserve user sovereignty. The post Vitalik Buterin warns Ethereum ecosystem against OpenAI&#8217;s path in EthCC speech appeared first on Crypto Briefing.

Vitalik Buterin warns Ethereum ecosystem against OpenAI’s path in EthCC speech

South African financial regulators have clarified that cryptocurrencies and 
stablecoins are not legal tender. Crypto Still Excluded From Legal Tender 
Status South African regulators have reiterated that cryptocurrencies and 
stablecoins are neither money as defined in the country’s National Payments 
System Act nor funds, and are therefore not legal tender. In a joint 
statement, the […]

South African financial regulators have clarified that cryptocurrencies and stablecoins are not legal tender. Crypto Still Excluded From Legal Tender Status South African regulators have reiterated that cryptocurrencies and stablecoins are neither money as defined in the country’s National Payments System Act nor funds, and are therefore not legal tender. In a joint statement, the &#8230;

South Africa Rules out Foreign Stablecoins as Payment Tools to Curb Dollarization

Ripple brings RLUSD to Türkiye through BiLira, Bitexen and Bitlo as the 
stablecoin tops $1.7B market cap less than one year after launch.

Ripple brings RLUSD to Türkiye through BiLira, Bitexen and Bitlo as the stablecoin tops $1.7B market cap less than one year after launch.

Ripple brings RLUSD stablecoin to Türkiye through three partners

Binance is making another push to blur the line between digital assets and 
traditional markets. In an announcement made Monday, the company said its 
users will soon be able to trade more than 7,000 US stocks and exchange-traded 
funds (ETFs). It also detailed a plan to let customers convert the stocks they 
hold into tokenized, crypto-style digital assets, as part of what Binance 
describes as a wider effort to evolve into a “multi-asset financial super 
app.” Binance Targets ‘Friction-Free’ Stock Trading Speaking to Fortune, 
Binance co-CEO Richard Teng highlighted why the move is aimed particularly at 
customers outside the United States. The executive said US stocks already 
account for well over half of the global equity market, but for many overseas 
investors, buying them can entail high costs and friction. Binance’s solution, 
according to Teng, is to offer zero-commission stock trading for non-US users, 
along with fractional share purchases starting at $5, lowering both the price 
barrier and the complexity of participation. Related Reading: Pundit Shares 
Why Most People Will Miss The XRP Run Operationally, Binance said the new 
stock trading service will be set up with support from a broker-dealer called 
Nest Trading. For custody and settlement functions, a New York-based firm, 
Alpaca, is expected to handle custody and facilitate dividend payments and 
corporate actions. Customers will be able to fund stock purchases using 
stablecoins such as Circle’s USDC stablecoin or Tether’s USDT, as well as a 
selection of other digital currencies, including Binance’s BNB. Binance also 
introduced a more ambitious concept alongside the trading program: “bStocks.” 
The company’s position is that bStocks will let users tokenize equities they 
purchase. Hyperliquid Might Feel The Heat In Teng’s explanation, this would 
work by creating a synthetic, digital token representation of certain 
stocks—achieved by converting the equities into tokens on Binance’s BNB 
blockchain. The company says this functionality is expected to become 
available in the coming weeks. While other major platforms have experimented 
with similar models over the past year, Binance claims its approach could 
stand out in one important way. Competitors such as Kraken and Robinhood have 
launched offerings in this space, but Binance says its bStocks plan is 
potentially different because it would allow customers to begin the 
tokenization process themselves rather than relying solely on the platform’s 
pre-set conversion paths. Related Reading: Bitcoin Trend That Has Held For 15 
Years Shows When To Expect The Bottom And When $400,000 Will Happen The 
exchange’s announcement has also triggered reactions. On X (formerly Twitter), 
analyst Zero Kyle argued that the development could be negative for 
decentralized exchange (DEX) Hyperliquid (HYPE). Kyle’s view was that while 
the expanded availability may not necessarily be “24/7 like” Hyperliquid’s 
trading venues in the way some trading systems are structured, Binance is 
likely to intensify competition and could create a head-to-head fight for 
market share. The analyst added that the news may not be “bad for HYPE the 
token” specifically, but it could be “bad for Hyperliquid the exchange” due to 
increased competition. Meanwhile, the exchange&#8217;s native token, BNB, was 
trading at $692 at the time of writing. This mirrors the broader crypto 
market&#8217;s retracement on Monday, with a 2.3% drop recorded so far. Featured 
image created with OpenArt; chart from TradingView.com

Binance is making another push to blur the line between digital assets and traditional markets. In an announcement made Monday, the company said its users will soon be able to trade more than 7,000 US stocks and exchange-traded funds (ETFs). It also detailed a plan to let customers convert the stocks they hold into tokenized, &#8230;

Binance Unveils Trading Access To Over 7,000 US Stocks, ETFs—And Adds A New Tokenization Plan

More than $80 million has been wagered on a Polymarket market tied to 
Strategy’s Bitcoin sales, with the outcome now heading to a final dispute 
process after the company disclosed that it sold 32 BTC before the market’s 
May 31…

More than $80 million has been wagered on a Polymarket market tied to Strategy’s Bitcoin sales, with the outcome now heading to a final dispute process after the company disclosed that it sold 32 BTC before the market’s May 31…

Polymarket users challenge outcome of $80M Strategy Bitcoin bet

Kelp DAO hacker laundered about $220M in unfrozen funds through privacy 
channels, leaving roughly $1.7M in original wallets.

Kelp DAO hacker laundered about $220M in unfrozen funds through privacy channels, leaving roughly $1.7M in original wallets.

Vitalik Buterin warns Ethereum ecosystem against OpenAI’s path in EthCC speech

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