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Crypto

Wyoming to tighten reserve verification for FRNT stable token with Chainlink integration

The U.S. state of Wyoming will adopt Chainlink’s reserve verification system for its government-issued stable token, Frontier Stable Token, known as FRNT. The Wyoming Stable Token Commission plans to publish on-chain data on FRNT reserves and token supply using Chainlink’s proof-of-reserves function. The state aims to narrow disclosure intervals by combining Chainlink infrastructure with independent checks by The Network Firm. It is also reviewing Chainlink’s Secure Mint feature to limit issuance when reserves are insufficient.

Crypto

Crypto liquidations surge as oil, yields jump; XRP, Ethereum, Solana stumble

The cryptocurrency market logged large-scale liquidations as macroeconomic jitters and risk-off sentiment weighed on prices. About $369.67 million in derivatives positions were forcibly liquidated in a day, pushing bitcoin and major altcoins lower. The slide centred on XRP, Ethereum and Solana as total market value fell to around $2.59 trillion to $2.70 trillion. Long positions accounted for most liquidations, while spot ETF flows showed net outflows for bitcoin and inflows for some other tokens.

Crypto

Stellar jumps 22 percent, closes in on XRP as mid-term trend turn faces test

Stellar\'s XLM token has risen more than 22 percent over the past week, testing a key technical threshold for a mid-term uptrend. XRP gained more than 40 percent over the same period and is trading around $1.51, while XLM is holding above $0.1990. Drivers differ, with XRP tied to issues around Ripple CEO Brad Garlinghouse and the Clarity bill, and Stellar linked to growth in real-world asset tokenisation and planned network upgrades.