Bitcoin rises, oil falls after Iran says Strait of Hormuz is open
Bitcoin surged above $77,000 as oil futures fell 10% after Iran’s foreign minister declared the Strait of Hormuz open for the remainder of the ceasefire between the US, Israel and Iran.
Ramp Network rolls out multichain wallet for simpler self-custody
The crypto infrastructure company said its new wallet lets users buy, sell, swap and cash out digital assets in one app without relying on outside providers.
Flow Capital plans to tokenize $150M private credit fund via DigiFT: Report
Bloomberg reported Flow Capital plans to tokenize its private credit fund to raise additional capital, but crypto execs warn tokenization doesn’t magically make hard-to-trade assets liquid.
Tempo’s ‘Zones’ sparks debate over privacy in crypto infrastructure
Tempo’s new “Zones” feature offers private, permissioned stablecoin transactions on its layer-1 for enterprises, but critics warn the operator‑controlled design adds back centralized trust.
Industry speakers at Paris Blockchain Week said tokenization can broaden access and issuance, but it does not by itself create active secondary markets for illiquid assets.
Texas man in $20M Meta-1 Coin fraud sentenced to 23 years in prison
Meta-1 Coin was sold and marketed from 2018 to 2023 as an investment backed by $44 billion in gold and $1 billion in artworks, which turned out to be fictional.
Cybersecurity researcher uncovers fake Ledger sold on Chinese marketplace
The researcher said they examined the fake Ledger device’s firmware and found signs pointing to a Chinese semiconductor company named Espressif Systems.