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Ondo Finance, backed by Coinbase, expands into Asia Pacific, capitalizing on 73% weekly ONDO token surge. Company opens its first APAC office and appoints Ashwin Khosa as VP for Business Development in the region. The strategic move aligns with Ondo’s dominant position in tokenized securities, targeting APAC’s digital asset fervour. Ondo Finance, a prominent US-based issuer of token ized securities backed by Coinbase, is making headlines with its strategic expansion into the Asia Pacific region. This move comes amidst a remarkable 73% weekly surge in the value of its ONDO token, showcasing the platform’s growing influence. The company’s entry into the dynamic APAC market is set to capitalize on the region’s fervent interest in digital assets, fueled by a thriving crypto community and evolving regulatory frameworks. Ondo Finance’s footprint in Asia Pacific While officially announcing its strategic expansion into Asia Paci...

Dario Amodei, CEO and co-founder of Anthropic, an AI company backed by FTX, has reportedly declined a merger offer from OpenAI’s board of directors. This latest development follows the recent dismissal of OpenAI’s CEO, Sam Altman, on Nov. 17. Anthropic’s Amodei turns down top role at OpenAI According to sources close to the matter, the merger proposal included a significant incentive for Amodei: the opportunity to step in as the new CEO of OpenAI, succeeding Altman. However, Amodei chose to remain with Anthropic, a decision influenced by his current commitments and position at the AI firm. The details surrounding the merger discussions remain unclear, with reports suggesting that the proposal may not have progressed to serious negotiations. The latest development comes amidst a backdrop of financial intrigue involving FTX, the cryptocurrency exchange founded by convincted fraudster Sam Bankman-Fried, which acquired a substantial stake in Anthropic during th...

Institutional crypto exchange EDX Markets removed Bitcoin Cash from its website after listing BCH at launch. EDX Markets, an institutional crypto exchange backed by Citadel Securities, Fidelity Digital Assets, Charles Schwab Corporation and others, has removed Bitcoin Cash (BCH) from its website, first noted by crypto reporter Colin Wu. In an interview with Digital Assets, Jeanine Hightower-Sellitto, Chief Strategy Officer of EDX Markets, confirmed the removal, saying that “EDX is not currently supporting BCH,” without going into details. As of press time, spokespersons for Bitcoin Cash made no public statements on social media on the matter. You might also like: Citadel-backed EDX Markets chooses Anchorage for crypto custody At launch, Bitcoin Cash was listed in addition to the other three cryptocurrencies Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) available for trading on EDX Markets. Following the listing, BCH price witnessed an extraordinary surge, wi...

Everledger was quietly placed into insolvency after it didn’t manage to materialize its planned funding round from an undisclosed investor. The Australian blockchain company Everledger has reportedly entered insolvency proceedings after failing to raise new funding from an undisclosed investor. Everledger, which uses blockchain to track the provenance of diamonds and other goods, failed to make its latest funding round happen, the AFR reported on May 8. Subsequently, Everledger was quietly placed into voluntary administration as the firm could not pay its debts. All Everledger employees were given layoff notices on March 31, with Vincents Chartered Accountants being appointed as administrators on April 24. The first meeting of creditors was scheduled for May 8. According to Everledger founder Leanne Kemp, the company’s management was forced to take this decision to protect the interests of shareholders. “The second tranche of funding due to Everledger did not materialize, and subse...