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Blockchain developer Skyline has announced plans to deploy cAP3X, a wrapped AP3X token, on the Cardano blockchain, according to the information shared with Finbold on July 10.  The launch, developed in collaboration with the Apex Fusion Foundation, will create a Cardano-native asset that provides access to the Apex Fusion ecosystem. The wrapped utility token will operate natively on Cardano (ADA), enabling interoperability between the Cardano and Apex Fusion networks. Users will be able to engage in cross-chain value transfers between the two blockchain ecosystems. Token integration and trading The cAP3X token will be compatible with Cardano wallets and DeFi protocols, with plans to establish an ADA/cAP3X trading pair and provide initial liquidity for Cardano-based decentralized exchanges. After deployment in July, users can transfer cAP3X from Cardano to PRIME Chain, Apex Fusion’s UTXO Layer 1 blockchain, using the Skyline Bridge. Once bridged to PRI...

Anthony Scaramucci’s SkyBridge Capital is a “much bigger Solana fan than Ethereum,” as said in a recent interview to CNBC . Solana (SOL) is a direct competitor to Ethereum (ETH) as a leading Layer-1 (L1) blockchain for decentralized applications and tokens. The interview was aired on February 10 at the Squawk Box show, anchored by Andrew Ross Sorkin. As developed, Sorkin asked Scaramucci to comment on Ethereum, following “Don Junior” bullish comments regarding ETH price. Finbold also reported Eric Trump showing a bullish bias towards Ethereum. However, while acknowledging that SkyBridge does own ETH in its portfolio, the 2005 investment firm is more bullish on SOL. Scaramucci summarized his thesis on why they prefer Solana to Ethereum, looking ahead at a tokenization future. Picks for you DeepSeek AI names the two cryptocurrencies that wi...

Mastercard , JPMorgan, and some of the top banks in the United States are testing shared-ledge technology for tokenized asset settlements. Indeed, the tests are set to simulate US dollar transactions, according to a Bloomberg report. US Bancorp, Wells Fargo, and Visa are some of the other large financial institutions taking part in the testing. Specifically, these banks are joining to explore tokenized asset settlement for commercial bank money and even investment-grade debt securities, the report notes. JUST IN: Mastercard , JPMorgan, Visa, Wells Fargo & other top US banks are testing shared-ledger technology for tokenized asset settlements. — Watcher.Guru (@WatcherGuru) May 9, 2024 Also Read: Ripple & Mastercard Partnership to Push XRP to $0.70? Mastercard, JPMorgan, and Top Banks Test a Shared Ledger for Tokenized Settlements Throughout 2024, the finance sector has been confronted with the increased prominence of cryptocurrencies. Indeed, that ha...