MEXC Ventures Announces $300 Million Ecosystem Development Fund at Token2049 Event

VICTORIA , Seychelles , May 1, 2025 /PRNewswire/ — MEXC Ventures, the investment arm of the global cryptocurrency exchange MEXC , has unveiled a $300 million Ecosystem Development Fund aimed at accelerating blockchain innovation and ecosystem growth over the next five years. The initiative was officially announced at Token2049 in Dubai on April 30 , aligning with MEXC’s 7th anniversary and reaffirming the company’s evolution from a trading platform to a full-scale Web3 ecosystem builder. The new fund marks a strategic pivot in MEXC’s positioning — from a user-focused exchange to a foundational force in blockchain infrastructure. With this move, MEXC plans to foster long-term value across the entire crypto landscape by supporting early-stage technologies, public chains, wallets, and other decentralized tools that drive the future of Web3. “We see this commitment as an opportunity to position MEXC well above its perceived place in the industry as an exchange service. We can and intend to offer much more through this investment, driving businesses and users to our ecosystem with a value offering built on best practices. Our ultimate vision is to transition from a trading venue to an ecosystem platform that will cater to all the needs of crypto industry participants in unique, innovative, and attractive ways,” as Tracy Jin , COO of MEXC exchange, commented on the upcoming announcement. The Ecosystem Development Fund foresees the establishment of an investment and cooperation linkage model that will connect the different businesses with the broader MEXC ecosystem to drive value. The trusted basis of MEXC as a leader in innovation will be used to expand and enhance the overall trading experience for users by offering support beyond capital. Cooperation between exchange business and investments will focus on the development of public chains, stablecoins, wallets, and media platforms as part of the MEXC ecosystem. Comprehensive selection criteria will be announced for projects interested in joining the new initiative. The new development will allow projects to attract investments and attain visibility, thus advancing their integration across industry services. This will, in turn, give users access to new services, upping their overall experience and building trust. Greater integration and cooperation between businesses, projects and users will ultimately positively impact the industry as a whole, advancing innovation and promoting adoption across different markets and regions. Existing initiatives within the MEXC ecosystem include Ethena, a leading innovator in the stablecoin space. MEXC has made a strategic investment of $16 million in Ethena and has also purchased $20 million worth of USDe, Ethena’s synthetic dollar. In collaboration with Ethena, MEXC launched several joint campaigns that have gained significant traction in recent weeks, driving strong user engagement. ENA , Ethena’s native token, has showcased up to $15 million in trading volume over the past 24-hour timeframe. Such results indicate strong support for the products on the part of users, as well as demand from a liquidity standpoint. MEXC had recently invested in Ethena and launched a number of joint campaigns focused on expanding the use of public chains, wallets, and media platforms. MEXC is determined to elevate the positioning of the platform beyond its perceived status as a trading venue to its full potential as an industry ecosystem element. Such a transition is aimed at building greater value for users and making the crypto environment more attractive to both businesses and investments. MEXC invites all projects in the crypto space to join its latest initiative. About MEXC Ventures MEXC Ventures is a comprehensive fund MEXC dedicated to driving innovation in the cryptocurrency sector through investments in L1/L2 ecosystems, strategic investments, M&A, and incubation. Upholding the principle of “Empowering Growth Through Synergy,” MEXC Ventures is committed to supporting innovative ideas and active builders. MEXC Ventures is an investor and supporter of TON and Aptos, and looks forward to staying at the forefront of TON and Aptos innovations while actively engaging with builders to drive ecosystem growth. For more information, visit: MEXC Ventures Website

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Bitcoin Price Surge: Will Breaking $98,000 Trigger $390 Million in Short Liquidations?

On May 1st, COINOTAG reported insights from Coinglass, highlighting critical thresholds for Bitcoin. Should the cryptocurrency surge past $98,000, a substantial wave of short liquidations across major centralized exchanges (CEX)

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37% of Donald Trump’s Wealth Tied to Crypto Holdings, Says SDDF Report

The post 37% of Donald Trump’s Wealth Tied to Crypto Holdings, Says SDDF Report appeared first on Coinpedia Fintech News A report from the State Democracy Defenders Fund (SDDF) reveals that up to 37% of President Donald Trump’s personal wealth may stem from cryptocurrency , raising serious questions about ethics, transparency, and conflicts of interest. Trump’s Crypto Wealth: TRUMP Coin and WLFI at the Center The SDDF, a nonpartisan watchdog group, points to two key sources of Trump’s crypto wealth: the TRUMP meme coin and a controversial project known as World Liberty Financial (WLFI) , which offers a governance token and a stablecoin called USD1 . While exact figures remain unverified, one report claims Trump and his family control up to 80% of the TRUMP coin supply , with trading fees reportedly hitting $100 million in January alone . The lack of on-chain transparency makes it difficult to determine just how much revenue flows directly to the Trump family from either venture. Crypto President or Conflict of Interest? Since taking office, Trump has delivered on his campaign promise to support the crypto industry—pushing for looser regulations and clearer stablecoin frameworks. But the SDDF report questions whether these pro-crypto policies also serve Trump’s personal financial interests . The blurred lines between public service and private profit have ignited debate. Critics argue that a sitting U.S. president with deep crypto investments could influence policy for personal gain , eroding public trust and undermining democratic governance. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : The U.S Will Likely Buy $100 Billion in Bitcoin Soon, Says Sebastian Bea, President of Coinbase Asset Management , Ethics Under the Spotlight Trump’s active role in the crypto space, particularly his ties to memecoins and DeFi projects, underscores a broader need for stronger conflict-of-interest laws in U.S. politics. 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According to the SDDF report, up to 37% of Trump’s personal wealth may come from crypto-related assets. What are the main crypto projects linked to Trump’s wealth? The report highlights two primary projects: the TRUMP meme coin and a DeFi project called World Liberty Financial (WLFI), which offers both a governance token and a stablecoin (USD1). Does Donald Trump personally own TRUMP coins? While ownership hasn’t been officially disclosed, unverified reports suggest Trump and his family may control up to 80% of the TRUMP coin supply.

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Tether’s Grip Tightens as USDT Leads Blockchain Transfer Volume

Tether’s USDT now accounts for almost half of the total moved value in blockchain networks. This past month, 43% of the total on-chain transfer volume was USDT, moving a titanic $156.2 billion worth of cryptocurrency. With the continued maturation of the crypto market, stablecoins are increasingly a foundational building block — and now USDT is carrying that with a growing force. USDT tops $156B in 30d transfer volume $USDT dominates with 43% of all value transferred across blockchains, totaling $156.2B in the past 30 days. Meanwhile, $SOL has pulled ahead of both $ETH and $BNB in net transfer volume. Bitcoin tokens like $BTCB and $cbBTC are also seeing… pic.twitter.com/OcpE4M2jCY — CryptoRank.io (@CryptoRank_io) April 29, 2025 A recent flood of new issuance has highlighted Tether’s market presence. In the span of only two days, Tether created $3 billion worth of USDT, with a minting of $2 billion occurring on Ethereum alone. These types of Operation mints are usually interpreted as necessary preparations for meeting the demand for liquidity, which seems to be increasing across both centralized exchanges and on-chain apps. Tether minted 2B $USDT on Ethereum ~7 hours ago. Over the past 2 days, #Tether has minted 3B $USDT on both #Ethereum and #Tron . Follow @spotonchain for more updates at https://t.co/J11gMhhaQg https://t.co/R77KgaYt7D pic.twitter.com/KLX3bmTVPB — Spot On Chain (@spotonchain) April 30, 2025 USDT is the most traded and most integrated stablecoin, powering everything from DeFi and remittances to institutional settlements. Activity is increasing and volatility is returning to the market, but trust in liquid stablecoins has never been more essential. So how is Tether seizing this moment? Solana Surges Past Ethereum and BNB in Transfer Volume The most notable shift in blockchain activity is coming from Solana. The network has now overtaken both Ethereum and Binance Smart Chain in terms of net transfer volume. Solana’s low fees and fast transaction speeds are proving attractive to users who want scalable alternatives to the chains they were previously using. Apps that require lots of transactions — like gaming, NFTs, and stablecoin payments — are continuing to scale. And the infrastructure that Solana provides is capturing a lot of that demand. What we’ve seen recently is that not only is Solana performing well; it’s also becoming the go-to choice for apps that require lots of transactions. This is especially significant because Ethereum has been counted for so long as the DeFi and stablecoin home of choice. Solana’s rise, with all the oomph it could ever need charged up from FTX, makes it pretty clear that we’re seeing a rebalancing of the chains. Users seem to be re-evaluating what they want from a network, and for many by the looks of it, efficiency, speed, and low cost are the new things to look for. Wrapped Assets and Emerging Stablecoins Make Waves The transfer economy is also feeling the effects of Bitcoin’s presence in tokenized forms. Products like $BTCB (on BNB Chain) and $cbBTC (on Coinbase’s Base) see very active user engagement. Wrapped Bitcoin’s presence in more flexible environments—like those unlocked by DeFi—also makes it a liquidity player. At the same time, a next-generation stablecoin competitor is making headlines. $USDe, a newer entrant in the stablecoin space, has now surpassed Wrapped Bitcoin in transfer volume. When $USDe handles stable transfers with an entirely new kind of utility, shouldn’t we start worrying about $USDe as much as we currently worry about Bitcoin, Ethereum, and other crypto-assets? The stablecoin space is now an extremely competitive environment, and it’s not enough for a stablecoin just to hold dollar value anymore. As protocols and institutions look for ways to integrate digital dollars and on-chain settlements into their business models, the competition is bound to keep intensifying. Tether’s $USDT, however, remains dominant. Its incomparable liquidity, extensive acceptance across exchanges, and now its top transfer volumes make it a linchpin in cryptocurrency’s financial architecture. It performs a central role. Conclusion The cryptocurrency trade is changing quickly, and stablecoins are now at its center. With Tether’s USDT capturing almost half of all blockchain transfer intensity, it’s plain that users trust and depend on its liquidity in every part of the ecosystem. Solana’s ascent and the growing rivalry in the stablecoin realm shine another light on what’s happening—adoption is shifting to fast, scalable, and efficient platforms. Tether is ramping up its issuance of USDT, stablecoin competitors are clamoring for a slice of the stablecoin market, and a newly emboldened Circle has also started platforming for its competing USDC stablecoin. At the moment, though, Tether appears to be leading the stablecoin space and doing so by a wide margin. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

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Market Frenzy or Manipulation? ALPACA’s Delisting Sparks Trading Chaos on Binance

The cryptocurrency token ALPACA unexpectedly became the focus of a trading storm when Binance announced it would be delisting the token. What started as a normal part of an exchange’s work to eliminate low-liquidity and underperforming tokens turned into a burst of high volatility around the ALPACA token, with prices going up over 60 times. This wipeout affected a number of retail investors who had bought the token. A Timeline of Turmoil The volatility started on April 24, when Binance disclosed it would remove four tokens from its platform, including ALPACA. After the announcement, ALPACA’s price skyrocketed by an astounding 150%, activating a sequence of short positions taken by traders wagering that the beleaguered token was doomed. This initial spike made it seem to many market operators that something truly heroic was afoot. On April 25, just one day after the events of April 24, Binance took swift action to try to keep things fair for traders. The platform’s staff changed the ALPACA contract funding rate settlement frequency not once but three times: from every 4 hours to 2 hours; from 2 hours to 1 hour. Apparently, though, these adjustments had the opposite effect of what was intended. Instead of making trades fairer, they seem to have made trades trade faster. On April 26, ALPACA surged again—by another 175%—before being heavily shorted once more. Every surge created the illusion of opportunity, drawing in even more traders to the overbought token. But behind the scenes, a far more coordinated effort appeared to be underway. By April 29, Binance had raised the funding rate to an amazing 4% per hour—an extraordinary move. By April 30, ALPACA had reached a new all-time high, and in a mere four hours, its liquidation volume had topped the entire network, highlighting just how widespread and impactful this trading event had become. 难道下架才是真上架? —— 一纸下架公告暴涨 60 倍,ALPACA 合约 24 小时交易量达 30 亿,直至下架合约持仓 1.1 亿,这场闹剧终于要结束了 简单的时间线复盘 04.24:币安宣布下架 $ALPACA 在内的四个代币,ALPACA 首次暴涨 150% 爆空 04.25:币安先后资金费率结算频率由 4 小时缩短为 2… https://t.co/LdKjDHOQcR pic.twitter.com/sUxTkmPgmt — Ai 姨 (@ai_9684xtpa) April 30, 2025 A Harvesting Mechanism in Disguise? Even if one were to be tempted to explain the price movements of the ALPACA token around the time of an event—like when it was suddenly dropped from the list of tradable tokens on Binance—if we are to take the project team’s own statements at face value, then we are led to the conclusion that a price effect was being caused by the project’s very design. Sommer: So on the side of the team who is essentially orchestrating this, what’s the intent? Why are they trying to create such price effects? Usually, a delisting announcement would destroy demand; hardly any investor would want to purchase a token heading toward an exit. Yet, the planned price increases and following drops somehow managed to entice a different kind of group: short sellers who recently earned profits by zeroing in on weak or failed projects. The reasoning appeared to be perfect—bet against a token that everyone agrees is worthless, and profit from the impending wreckage. But this time, the market makers pulled something different. By pumping the price wholesale (and semi-artificially), they triggered a massive liquidation of shorts, using the auto-liquidation systems of the short sellers to rinse up some unwanted but very real profits. By themselves, none of these operations directly entails selling a single token. Yet if you were to graph the scenario on a chart, well, the whole thing looks pretty darn bearish. The outcome was astonishing. ALPACA’s price soared from a paltry $0.066 to a scintillating $1.47 in a handful of days, and with 24-hour trading volumes blasting off at $3 billion and open interest rocketing to a maximum of $110 million, this was the largest maneuver in the history of cryptocurrency. A System Under Scrutiny The process of delisting at Binance, although based on good intentions, is now under scrutiny. These delistings are supposed to serve as a redirect for liquidity, in order to push low-quality assets towards a better and healthier financial situation. In most cases, these delistings happen and not much is said about them afterwards, which is exactly how it should be. However, in this case, we see that by managing the contracts a certain way, it could be possible to benefit from the situation and have a negative effect on the people holding the token that is about to be delisted. This specific delisting, instead of protecting users from badly-performing assets, turned into a cleverly disguised trap. Here, the retail investors who had no prior warnings were the primary victims. Extreme changes in the funding rates, the crazy price swings that happen far too often, and the almost coordinated liquidation events all point to a systemic loophole that can be gamed if it isn’t closed. Even as the ALPACA affair seems to be winding down, it offers a potent reminder of the high stakes involved in trading cryptocurrency. And forget for a second that the removal of ALPACA at this moment may have served to bolster the price of another Solana-based token, STEP. This is also about safeguards and transparency in the management of token removals. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

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MultiBank, MAG, Mavryk ink world’s largest $3B RWA tokenization deal

MultiBank Group, the world’s largest financial derivatives institution based in Dubai, has signed a landmark $3 billion real-world asset (RWA) tokenization agreement with United Arab Emirates (UAE)-based real estate giant MAG and blockchain infrastructure provider Mavryk. The deal represents the largest RWA tokenization initiative globally to date and highlights the upcoming launch of MultiBank’s native utility token, MBG, according to a press release shared with Cointelegraph. The partnership will bring MAG’s ultra-luxury real estate projects — including The Ritz-Carlton Residences, Dubai, Creekside and the Keturah Reserve — onto the blockchain via MultiBank.io’s regulated RWA marketplace. Once tokenized, these assets will be available to global investors and will generate daily yield for holders directly on the platform. “$3B worth of MAG’s real estate will be tokenized as individual RWA tokens on MultiBank’s platform, each represented on the Mavryk blockchain, as the underlying layer-1 infrastructure,” Talal Moafaq Al Gaddah, senior executive vice chairman of MAG, told Cointelegraph. Al Gaddah added that “$MBG token provides ecosystem utility, including trading discounts, early access to properties, and a deflationary buyback-and-burn model.” Related: BlackRock, five others account for 88% of all tokenized treasury issuance MultiBank tokenizes MAG real estate MAG, one of the UAE’s most prominent developers, will contribute its premium real estate portfolio for tokenization. Mavryk will handle blockchain issuance and DeFi integrations, while MultiBank Group will manage regulatory compliance, liquidity and governance, with the MBG token at the core of the system. “Tokenized assets issued by MultiBank will have dual utility. Within the MultiBank Group, they can be used as collateral for derivatives, creating a seamless bridge between traditional finance and tokenized assets,” Al Gaddah said. He said that these tokens are fully interoperable with the broader Mavryk DeFi ecosystem. The tokenized treasuries market is rising. Source: RWA.xyz MBG token adds platform utility The MBG token will power staking, fee payments, VIP tiers and user rewards. It also features a buyback-and-burn mechanism tied to platform revenues, creating long-term value for both institutional and retail participants. The platform aims to scale beyond the initial $3 billion to as much as $10 billion in tokenized assets. “The goal is to tokenize high-value, income-generating real estate assets that have traditionally been difficult to access or trade.” The announcement comes amid renewed interest in RWA tokenization. On April 30, BlackRock filed to create digital ledger technology shares from one of the firm’s money market funds, which will leverage blockchain technology to maintain a mirror record of share ownership for investors. The DLT shares will track BlackRock’s BLF Treasury Trust Fund (TTTXX), which may only be purchased from BlackRock Advisors and The Bank of New York Mellon (BNY). The money market fund holds over $150 million worth of assets, invested almost entirely in US Treasury bills and cash. Magazine: TV hit Peaky Blinders to launch crypto game, FIFA Rivals on Polkadot: Web3 Gamer

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World Bank, Federal Reserve, and BIS Documents Mention XRP

A tweet published by cryptocurrency commentator GA Spark has brought renewed attention to the role of digital assets XRP and XLM in global institutional discussions on cross-border payments. The post asserts that the two cryptocurrencies are explicitly mentioned in formal documents by the World Bank and other major financial institutions, including the Federal Reserve and the Bank for International Settlements (BIS). The tweet, which includes an attached video summarizing several points, emphasizes the consistent presence of Ripple, the company associated with XRP, in various global financial task forces and initiatives. LISTEN THE WORLD BANK'S CROSS-BORDER PAYMENT DOCUMENTS MENTION ONLY $XRP AND $XLM . FEDERAL RESERVE TASK FORCE MEMBER : RIPPLE BIS MEMBER: RIPPLE https://t.co/XdIrBn59wL pic.twitter.com/HKlAtrLw5u — GA Spark (@1themoonshoowt) April 28, 2025 World Bank Mentions and Cross-Border Payment Frameworks The tweet begins by stating that the World Bank’s documentation on cross-border payments mentions only two digital assets as potential solutions: XRP and XLM. It highlights that the World Bank, a major international financial institution involved in global economic development, has referenced both assets in its materials, particularly in improving cross-border payment infrastructure. Ripple’s Role in U.S. and International Financial Task Forces Further claims in the video point to Ripple’s participation in a Federal Reserve task force focused on faster payments. According to the speaker, Ripple is a named member in the group, suggesting a direct role in shaping the future of payment systems in the United States. The Federal Reserve’s interest in modernizing and expediting domestic and international payments has been well-documented. Ripple’s involvement is presented in the video as a noteworthy endorsement of the technology underpinning XRP. The Bank for International Settlements (BIS), described in the video as the central bank of central banks, is also mentioned. Ripple is said to be part of a BIS task force on cross-border payments, aligning with BIS initiatives to increase interoperability and reduce costs in international money transfers. GA Spark’s tweet underscores this affiliation with Ripple’s presence in forums of global financial governance. References to Ripple in Asia and the Middle East Other institutions referenced in the video include the Hong Kong Monetary Authority (HKMA), which has been researching central bank digital currencies (CBDCs). The video asserts that Ripple is the only blockchain company involved in HKMA’s efforts. Additional examples include the Bank of Russia’s public documentation , which reportedly names XRP as a cross-border payment solution, and a proof-of-concept by the Bank of England involving Ripple to evaluate the performance of cross-border payment technologies. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Ripple’s expansion in the Middle East is also addressed. The company is said to be the first to offer regulated crypto payments in the United Arab Emirates . Moreover, the National Commercial Bank of Saudi Arabia, one of the largest financial institutions in the region, has reportedly joined Ripple’s network. Ripple’s Ties with U.S. Banks and Global Institutions The analysis also includes U.S.-based financial giants. The video notes that the Bank of America, previously the largest financial institution in the country by assets, has engaged with Ripple. J.P. Morgan, currently the largest U.S. bank, is said to have participated in joint research to enhance efficiency in wholesale cross-border payments. GA Spark’s video concludes with a reference to Ripple’s ties to various governmental and international bodies, including the White House, the President of the United States, the Vice President, the International Monetary Fund (IMF), and the World Economic Forum (WEF). The speaker ends by posing a question about XRP’s legitimacy and role in the evolving financial system. The tweet is meant to catalog a series of institutional mentions and collaborations involving Ripple and XRP. It positions these references as evidence of broader acceptance or strategic positioning for XRP and its supporting infrastructure in the future of cross-border finance. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post World Bank, Federal Reserve, and BIS Documents Mention XRP appeared first on Times Tabloid .

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Morgan Stanley Plans to Offer Crypto Trading to E*Trade Clients

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100,000,000 DOGE Just Acquired by Whales: Dogecoin to the Moon?

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MGX Considers Using Trump-Linked USD1 Stablecoin for $2 Billion Investment in Binance

In a landmark move for the cryptocurrency sector, MGX has announced its intention to utilize a Trump-affiliated stablecoin for a colossal $2 billion investment in Binance. This strategic investment not

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