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Crypto

Velocity raises $38 million in Series A to expand enterprise stablecoin infrastructure

Velocity raised $38 million to expand infrastructure that supports stablecoin-based cross-border settlement and treasury operations for companies and financial institutions. The Series A round was led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple. Velocity plans to use the funds to expand banking and payment networks, develop new products and strengthen regulatory response capabilities.

Crypto

XRP $35 surge scenario puts tokenisation market, XRPL share in focus

A scenario has been presented in which XRP could reach as high as $35.43 by 2030, based on a $5.5 trillion tokenised securities market and the XRP Ledger keeping its current share. The discussion resurfaced in an interview between Evernode CEO Ashish Birla and Franklin Templeton’s Roger Bayston. Google AI model Gemini outlined three hypothetical valuation models, while noting there is no single formula linking tokenised asset value to token price.

Games & Commerce

KFTC starts review of alleged Google app market abuse over GVP contracts

South Korea\'s Fair Trade Commission has begun deliberations over allegations that Google abused its dominant position in the app market. The case focuses on GVP contracts signed with 22 major game companies from 2019 that required most-favoured terms for the Google Play Store in timing and quality, in return for support for premium services. The watchdog’s staff proposed corrective orders and a fine that could reach up to 6 percent of relevant revenue.