Kategorie: Crypto Business

Daily headlines and news about crypto business.

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Uniswap (UNI) introduces “The Compact” to power seamless cross-chain interoperability

  • Uniswap Labs has unveiled a new system to make cross-chain interactions secure and frictionless.
  • The Compact introduces a shared mechanism to inhibit fragmentation across decentralized platforms.
  • The new feature could change how assets and projects interact in the blockchain industry.

Uniswap Labs has revealed a key move towards solving one of the main challenges in decentralized finance (DeFi) – interoperability – which means communications or interactions between different blockchains.

The decentralized trading protocol has announced The Compact, an open-source contract system aiming to make applications and digital assets interoperable.

That means users can move apps and assets from across various chains without risky or complicated workarounds.

Generally, The Compact allows users to “commit” tokens for specified actions, like cross-chain operations or swaps, while retaining control.

It is an innovative way of locking assets securely while allowing them to move credibly and freely across different platforms.

The official blog indicated:

The Compact enables secure cross-chain settlement through a system of reusable Resource Locks and programmable commitments. When sponsors deposit assets, they create ERC6909 tokens representing those locked assets, which remain under the sponsors’ control.

Meanwhile, Uniswap’s new release might transform how decentralized applications interact with each other.

Rather than each project creating its escrow solution or bridge, The Compact offers a shared platform that all developers can utilize, adapt, and trust.

Fixing a fragmented space

The current DeFi landscape comprises hundreds of blockchains, sidechains, and rollups, each boasting its own standards and tools.

These fractures create substantial challenges.

For instance, developers might find themselves rebuilding similar infrastructure.

Also, users have to juggle several wallets, while others deal with trapped tokens after using incompatible systems.

Uniswap Labs seeks to fix that using The Compact.

With this framework, individuals can access a common set of tools when managing value across chains.

That means protocols can offer cross-chain functionalities without surrendering decentralization or security.

Why does The Compact matter?

DeFi projects have struggled to communicate without a collective framework.

Each protocol has had to create a bridging system or escrow, which leads to user friction, rigid trust models, and fragmented liquidity.

The Compact introduces the missing piece in the puzzle.

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With the new system, developers on the Uniswap blockchain can remove the complexity of an asynchronous environment.

Users can enjoy simple and declarative compatibility without bridges or wallets.

The team declared:

With The Compact, developers can finally offer simple, declarative interactions where users never have to navigate the underlying complexity without building new infrastructure that risks ecosystem fragmentation.

UNI price outlook

Uniswap’s token has struggled in the past few sessions, despite broader market rallies.

UNI is trading at $7.88 after losing nearly 20% of its value the previous month.

The coin has consolidated the previous week, and prevailing sentiments suggest a possible breakout to the upside.

Overcoming the resistance around $8.40 could support UNI recoveries to $12 and $18 amid extended broad-based surges.

The post Uniswap (UNI) introduces “The Compact” to power seamless cross-chain interoperability appeared first on CoinJournal.

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Chainlink and Swift allow banks to access blockchain through existing systems

  • Chainlink and Swift enable tokenized fund workflows via existing banking systems.
  • UBS pilots new Chainlink-Swift system, avoiding costly infrastructure upgrades.
  • Global institutions can connect with crypto using their tested rails.

Chainlink and Swift have deepened their collaboration with a new system designed to help financial institutions manage tokenized fund processes using existing infrastructure.

The initiative integrates Swift’s global messaging network with the Chainlink Runtime Environment (CRE), enabling subscription and redemption workflows for tokenized assets without requiring firms to overhaul their legacy systems.

The first pilot involved UBS Tokenize, the tokenization unit of Swiss bank UBS, and builds on earlier work with the Monetary Authority of Singapore’s Project Guardian initiative.

The collaboration aims to demonstrate how blockchain technology can be applied to streamline traditional financial processes, opening the door for broader adoption of tokenized assets.

Plug-and-play infrastructure for tokenization

The new solution leverages Swift’s ISO 20022-compliant messaging standards alongside Chainlink’s CRE and its Digital Transfer Agent (DTA) technical standard.

Institutions can trigger smart contract events directly through Swift messages, reducing the need for entirely new identity or key management solutions.

Commenting on the milestone, Chainlink co-founder Sergey Nazarov said:

I’m very excited about this landmark innovation we’ve achieved by leveraging Swift’s standards and UBS’s tokenized asset design, as we are showing how the use of smart contracts and new technical standards can enable transfer agents and other entities to manage tokenized asset workflows on-chain.

Markets have responded with optimism as they watch a potential financial revolution unfolding in real-time.

The UBS trial has confirmed that institutions like banks can integrate cryptocurrencies into their existing operations without the need for painful learning curves, new platform launches, or major changes.

Nonetheless, today’s developments come after months of work.

In 2024, UBS, Chainlink, and Swift explored how tokenized funds could operate in Singapore’s Project Guardian.

The latest experiment takes everything to a new level, demonstrating blockchain’s compatibility with already-existing systems.

Chainlink highlighted:

With Swift messages and the Chainlink Runtime Environment (CRE), banks and institutions can seamlessly access blockchains through the same Swift infrastructure they have relied upon for decades.

The broader picture

Blockchain integration into traditional finance (TradiFi) has often felt like connecting two incompatible worlds.

Chainlink and Swift’s innovative model aims to change that narrative.

Rather than asking banks to go all-in on a new technology, they can tap into cryptocurrency using familiar systems – Swift’s messaging.

It is a simple move but with profound effects.

If successful, the approach could herald a new era, with blockchain part of day-to-day undertakings in global finance.

For institutions looking to leverage blockchain’s robustness, the new system means more opportunities and reduced risks.

LINK price outlook

Chainlink’s token remained relatively calm amid the news, up 1% on its daily chart to $21.

However, the 35% uptick in 24-hour trading volume signals renewed activity.

It has consolidated in the past week and looks poised to lead October breakouts.

Popular analyst Ali highlighted $20 launchpad for LINK rebound to $47.

That would mean a roughly 124% surge from LINK’s market price.

The post Chainlink and Swift allow banks to access blockchain through existing systems appeared first on CoinJournal.

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Nasdaq-listed Helius Medical Technologies rebrands as Solana Company

  • The name change signals deeper alignment with the blockchain industry.
  • The company will enjoy various benefits, including discounted SOL coins and joint initiatives.
  • Solana Company focuses on creating a crypto treasury strategy centered on SOL purchases.

Helius Medical Technologies, Inc. (Nasdaq: HSDT) has officially rebranded as Solana Company, signaling a bold shift as it dives deeper into the blockchain sector.

The move comes after the neurotech firm recently raised $500 million (backed by top names including Summer Capital and Pantera Capital) in mid-September to launch a Solana treasury.

The rebrand reflects a strategic alignment with Solana’s blockchain sector, recognized as the fastest-growing ecosystem in digital assets.

Such dedications demonstrate confidence in Solana’s future potential.

Commenting on the rebrand, Helius Executive Chairman and Summer Capital’s Chair Joseph Chee says:

HSDT’s announcements today, including a corporate name change and agreement with the Solana Foundation, showcase its long-term conviction in Solana. The clear long-term alignment is a show of support and a sign of strength for the Solana Company’s mission.

HSDT deepens ties with Solana Foundation

Besides the name change, the firm, together with some investors, signed a non-binding letter of intent with the Solana Foundation.

What does this mean? Well, the agreement outlines various commitments (“Solana By Design).

These include ensuring all blockchain activities happen exclusively on the Solana blockchain, hosting events to highlight the network’s capabilities, and partnering on institutional referrals.

Most importantly, the deal gives Solana Company a crucial financial lever.

The firm can purchase SOL assets from the Foundation at discounted prices.

Meanwhile, it can leverage such perks to strengthen its treasury position, which in turn boosts the Solana ecosystem.

Fueling Solana adoption with Digital Asset Treasury

Besides the name change and deepened collaboration, Solana Company plans to form a digital asset treasury (DAT) centered around SOL assets.

This month, Helius Medical confirmed raising $500 million, dedicated to funding its cryptocurrency treasury plans.

Meanwhile, benefits such as speed, scalability, and yield possibly attracted the firm to Solana.

It can utilize SOL’s yield-bearing mechanism, which offers about 7% native staking yield, to magnify returns on its crypto holdings.

Solana has more monetary gains than non-yield-generating cryptocurrencies like Bitcoin.

HSDT strategic advisor and Pantera’s managing partner, Dan Morehead, said:

DATs are providing access to the blockchain market to a new kind of investor. Solana Company is well set up to be the preeminent SOL DAT by introducing Solana to a growing audience.

SOL price outlook

Solana’s native token traded in the green today, fueled by broader recoveries.

The global crypto market cap increased by over 2.7% in the past day to $3.9 trillion.

SOL trades at $208 following a 2% increase in its daily chart.

The 85% uptick in 24-hour trading volume signals improving sentiments as the altcoin looks to rebound after plunging from mid-September peaks of $250.

Meanwhile, institutional interest, including RWA dominance, positions SOL for remarkable performance in the coming months and years, with proponents targeting the $1,000 milestone.

The post Nasdaq-listed Helius Medical Technologies rebrands as Solana Company appeared first on CoinJournal.

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QNT soars 7% as Quant ignites banking revolution with QuantNet release

  • Quant announced an innovative product today.
  • QuantNet transforms how banks connect with digital currencies.
  • Native QNT gained over 7% in the past 24 hours.

Banks are facing challenges amidst the ongoing financial revolution due to slow processes, isolated networks, and outdated systems.

Interoperable blockchain Quant aims to fill this gap with its new innovative product, QuantNet.

QuantNet creates an ecosystem where traditional banking, cryptocurrencies, and tokenized assets can flow seamlessly together.

It is more than a usual technical upgrade.

The launch signals a strategic shift to allow financial institutions to embrace monetary innovation while retaining their existing compliance, operational control, and security.

According to the official blog:

QuantNet enables banks to coordinate asset and cash flows across siloed networks without replacing a single system they already trust. This is orchestration without disruption, innovation without compromise.

The update triggered enthusiasm within the Quant community.

The network’s token, QNT, reflected the optimism with a bullish 24-hour chart.

The alt has reclaimed the $100 psychological mark after its price increased by over 7% in the past day.

QuantNet: how it changes the game

The new product aims to make connections without disruptions.

QuantNet does not demand banks replace their current models.

Meanwhile, it links tokenized deposits, stablecoins, and commercial funds into a single, innovative network.

Imagine private trading platforms, traditional settlement systems, and public blockchains operating together, harmoniously and securely.

Banks will retain control over funds while QuantNet completes transactions behind the scenes.

Most importantly, all actions are fully traceable, ensuring the compliance and transparency that outdated systems can’t offer.

Quant added:

Banks no longer need to choose between innovation and stability. QuantNet provides both: a production-ready platform that connects the future of money and markets while working seamlessly with existing infrastructure investments.

Quant selected for UK’s tokenized sterling deposits

QuantNet launch comes days after the UK Finance and top banks selected Quant to provide an infrastructure for the new tokenized sterling deposits project (GBTD).

GBTD is a market initiative, running until mid-2026, exploring how tokenized bank deposits can enhance payments, fraud protection, and large-scale settlement.

Quant CEO Gilbert Verdian celebrated the move, stating:

Being selected for GBTD marks a pivotal step in the UK’s financial evolution. This milestone goes beyond improving payments – it’s about enabling new forms of programmable money that will fundamentally transform how value is moved and managed.

Therefore, QuantNet marks a turning point for global financial institutions.

Banks can leverage it to participate in cryptocurrencies and tokenized funds while maintaining compliance, trust, and the reliability that customers need.

QNT price outlook

Quant’s native token maintained a bullish trajectory amidst the strategic developments.

QNT has rebounded from around $86 on September 26 to today’s $103 intraday peak.

The altcoin gained more than 7% on its 1D chart, propelled by the latest announcement and broader market gains.

Meanwhile, QuantNET and Quant’s use cases in the UK’s GBTD project might trigger notable demand for QNT in the coming years, especially as banks explore tokenized assets and programmable money.

The post QNT soars 7% as Quant ignites banking revolution with QuantNet release appeared first on CoinJournal.

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Solana (SOL) sets new milestone as tokenized assets value hits $671M all-time high

  • Solana’s RWAs hit $671M, boosted by $150M from BlackRock’s BUILD fund.
  • RWA and stablecoin activity surges, signaling growing user and institutional adoption.
  • SOL trades at $214, holding $210 support; analysts eye potential move toward $250.

Solana continues to prove the power of utility-driven projects over hyped ones.

Its tokenized real-world assets (RWAs) have soared to a record $671 million, setting a new all-time high and cementing Solana’s status as a hot blockchain.

The BlackRock effect

The milestone comes after $150 million in new capital poured into Solana via BlackRock’s BUILD fund.

That confirms robust interest from institutional players.

Such breakthroughs indicate a key shift, with Solana’s low fees and speed now attracting massive on-chain transfers.

Indeed, BlackRock’s fund has ignited Solana’s RWA marketplace, as anticipated.

BUILD focuses on tokenizing traditional assets and money market funds.

Thus, the massive injection into the SOL network signals is a significant vote of confidence.

Besides boosting numbers, institutional inflows bring attention, credibility, and liquidity.

These factors are crucial for any project’s growth.

Solana’s ecosystem heats up

It is not only the project’s dollar value that’s soaring. Solana has exhibited a healthy ecosystem lately.

Its RWA transfer volume increased by roughly 23% to $12.19 billion in the past month.

Moreover, RWA holders jumped 17% to 77,982 wallets.

That confirms new participants joining the network as institutional players lead the charge.

Also, stablecoin transfer volume surged 26.23% in the last 30 days to $318.99 billion.

The $12.37 billion stablecoin market cap and 11.43 million holders affirm Solana’s position as a go-to platform for on-chain settlement.

Growing grassroots activity amid increasing institutional inflows indicates a healthy ecosystem flourishing on all fronts.

Solana sees activity from day-to-day users and wealthy financial institutions.

Solana’s institutional activity

The RWA breakthrough comes as institutional investors continue to transform Solana’s long-term narrative.

Galaxy Digital-linked Forward Industries holds SOL worth approximately $1.63 billion.

Also, Pantera Capital has invested over $1 billion, signaling trust in Solana’s long-term potential.

Moreover, Helius Capital added over 760K SOL tokens to its treasury, with plans to scale using a significant $335 million cash reserve.

SOL price outlook

Solana’s native token performed well in the past few sessions, rallying to $250 monthly highs.

However, the upside steam weakened, and bears seem to control the short-term trajectory.

SOL is trading at $214 after losing 8% and 2% the past week and day.

The altcoin’s underperformance is likely anticipated as prices cool down after the latest rally from around $150 in early August.

Also, the downward trajectory coincides with broader market dips.

Analysts remain bullish on Solana, citing bullish fundamental and technical factors.

The digital asset is holding the key support zone at $210.

Validating it could catalyze short-term gains toward the $250 target.

The post Solana (SOL) sets new milestone as tokenized assets value hits $671M all-time high appeared first on CoinJournal.