Through a partnership with Billiton Diamond and tokenization firm Ctrl Alt, Ripple-backed custody technology secured $280 million in polished diamonds on the XRP (CRYPTO: XRP) Ledger, the companies announced Tuesday in Dubai.

The Diamond Tokenization Setup

Billiton Diamond and Ctrl Alt moved over AED 1 billion ($280 million) worth of certified polished diamonds on-chain in the UAE. 

Ripple’s enterprise custody tools secure the physical diamonds, while the XRP Ledger creates digital tokens representing ownership.

Adding to its infrastructure push, Ripple secured full Electronic Money Institution approval from Luxembourg’s financial regulator last week, pushing its global regulatory…

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Dogecoin (CRYPTO: DOGE) is rallying in the wee hours of Tuesday after Elon Musk said his space technology company SpaceX will likely put the memecoin “on the moon” next year.

‘DOGE To The Moon’ Finally?

The dog-themed cryptocurrency was up over 4% over the last 24 hours, outperforming heavyweights such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

The spike comes after Musk, known for his playful endorsements of the meme cryptocurrency, hinted at something major.

The Tesla Owners Silicon Valley X account dug up Musk’s 2021 post that “SpaceX is going to put a literal Dogecoin on the literal moon” and tagged him asking, ‘When?”

“Maybe next year,” Musk responded.

Benzinga

New York’s leading prosecutors raised concerns about the new stablecoin legislation, citing weaker safeguards for fraud victims, according to a Monday report.

Legal Backlash Against Stablecoin Bill?

New York Attorney General Letitia James and four district attorneys signed a letter criticizing the GENIUS Act, reported CNN. They contend that the law lends an unwarranted sense of “legitimacy” to stablecoins, while allowing companies that issue these stablecoins to “avoid significant regulatory requirements” needed to combat financial crimes.

Benzinga sought confirmation from the New York Attorney General’s office on the report.

The prosecutors reportedly said that these…

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President Donald Trump denied on Monday any knowledge of the alleged $500 million investment by Abu Dhabi’s royal family in World Liberty Financial, his family’s cryptocurrency project.

Trump Denies Involvement

During a press conference at the White House, Trump responded to a question about the controversial deal that’s drawn fierce criticism from his opponents and Democrats.

“Well, I don’t know about it,” he said. “My sons are handling that. My family is handling it, and I guess they get investments from different people, but I’m not.”

Trump stated he’s currently preoccupied with other matters, including Iran, Russia, and Ukraine.

“I don’t know exactly other than,…

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Leading cryptocurrencies recovered, alongside stocks and gold, on Monday, as investors showed a higher risk appetite.

Crypto Market Sees Relief Rally

Bitcoin pared some losses Monday, following a brutal sell-off that wiped all of its post-election “Trump rally.” Trading volume for the apex cryptocurrency surged 35%.

Ethereum rebounded but faced heavy resistance at the boundary of $2,400. XRP and Dogecoin also traded in the green.

Over $550 million was liquidated from the market in the last 24 hours, according to Coinglass, with long liquidations accounting for the majority.

Notably, over $300 million in Bitcoin shorts risked liquidation if the apex cryptocurrency rebounds to $85,000.

The…

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Wall Street rebounded at the start of the new month after Friday’s broad sell-off, but pressure on precious metals intensified as investors reassessed the Fed outlook.

• Walt Disney stock is showing notable weakness. Why are DIS shares down?

By midday trading in New York, the Russell 2000 outperformed large-cap peers, rising 1.4% after losing 1.6% Friday. The Nasdaq 100 jumped 1.1%, while the S&P 500 rose 0.7%.

Markets digested the fallout from President Donald Trump’s nomination of Kevin Warsh as the next Federal Reserve chair, a move seen as signaling a more hawkish stance on the central bank’s balance sheet.

Gold extended Friday’s rout, sliding more than 4% from Friday’s close…

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