1. Invesco Appoints Kathleen Wrynn as Global Head of Digital Assets
Asset management giant Invesco has named Kathleen Wrynn, a former JPMorgan blockchain executive, as its inaugural Global Head of Digital Assets. Wrynn will oversee Invesco’s $1.6 billion crypto ETF portfolio and lead tokenization initiatives for traditional funds. With 18 trillion in assets under management, Invesco currently offers three blockchain-focused ETFs and three spot crypto ETFs. Wrynn’s background includes spearheading Web3 product development at JPMorgan.
Keywords: Invesco, crypto ETFs, tokenization, digital assets
2. Plasma Expands Deposit Cap to $1 Billion
Stablecoin platform Plasma increased its deposit limit by $500 million, raising the total cap to **$1 billion. Deposits are managed via Veda’s audited vault contracts on Aave and Maker**, earning yield before converting to USDT post-lockup.
Keywords: Plasma, stablecoin, Aave, MakerDAO
3. Shaquille O’Neal Settles FTX Lawsuit for $1.8 Million
NBA legend Shaquille O’Neal agreed to pay $1.8 million to settle a class-action lawsuit filed by FTX investors. The settlement, pending court approval, absolves O’Neal of future liabilities related to FTX promotions, which allegedly marketed unregistered securities. Unlike other dismissed FTX endorsers, O’Neal remained entangled due to complex legal service procedures.
Keywords: FTX lawsuit, Shaq O’Neal, crypto endorsements
4. El Salvador Adds 8 Bitcoin to Reserves
El Salvador purchased 8 BTC over the past week, bringing its total holdings to 6,204.18 BTC ($674 million). The country continues its pro-Bitcoin stance under President Nayib Bukele.
Keywords: El Salvador, Bitcoin adoption, crypto reserves
5. Singapore Urges Unlicensed Crypto Platforms to Exit
Singapore’s Monetary Authority (MAS) reiterated its demand for unlicensed crypto platforms to cease operations. A MAS spokesperson noted, “Licensed entities remain unaffected by these regulations.”
Keywords: Singapore crypto regulation, MAS compliance
6. U.S. Senate Advances Stablecoin Bill
The Senate voted 68-30 to proceed with debates on the GENIUS Stablecoin Act, paving the way for a final vote. If passed, the bill will move to the House for further review.
Keywords: GENIUS Act, stablecoin regulation, U.S. Senate
7. Blockchain Loyalty Platform TYB Raises $11M in Series A
Try Your Best (TYB), a blockchain-based loyalty platform, secured $11 million in Series A funding led by Offline Ventures and Strobe Ventures. The platform gamifies brand engagement through NFT rewards and interoperable loyalty profiles.
Keywords: TYB, blockchain loyalty, NFT rewards
8. Moody’s Tests Municipal Bond Ratings on Solana
Credit rating agency Moody’s partnered with Alphaledger to embed municipal bond ratings directly into Solana-based tokenized securities. This trial aims to enhance transparency for institutional investors in the $18.9 trillion RWA tokenization market.
Keywords: Moody’s, RWA, Solana, tokenization
9. Ripple CEO Predicts XRPL to Capture 14% of SWIFT’s Liquidity
At XRP Ledger Apex 2025, Ripple CEO Brad Garlinghouse projected that XRPL could handle 14% of SWIFT’s global liquidity within five years. Ripple also unveiled an EVM-compatible sidechain for asset tokenization.
Keywords: Ripple, XRP Ledger, SWIFT, EVM
10. U.S. Treasury Secretary Backs $2T Stablecoin Market
Treasury Secretary Bessent endorsed a $2 trillion forecast for USD-backed stablecoins, emphasizing their role in strengthening the dollar’s dominance. The GENIUS Act would mandate stablecoins to hold U.S. Treasuries as reserves.
Keywords: stablecoin regulation, U.S. Treasury, GENIUS Act
FAQs
Q1: What is the significance of Invesco’s digital asset appointment?
A: The hire signals institutional momentum toward crypto ETFs and tokenized funds.
Q2: How does Plasma’s expanded deposit cap impact users?
A: More users can now earn yield on stablecoins through audited DeFi protocols.
Q3: Why did Shaq settle the FTX lawsuit?
A: To avoid prolonged litigation and potential reputational damage.