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Franklin Templeton to Tokenize BENJI Money Market Fund on MoonPay Trade

56 minutes ago

On June 2, global asset management giant Franklin Templeton announced it will integrate its BENJI tokenized money market fund and other tokenized products into MoonPay’s on-chain trading platform, MoonPay Trade. Through this collaboration, institutional users will be able to leverage MoonPay’s recently launched on-chain trading infrastructure to seamlessly convert stablecoins such as USDC and USDT into Franklin Templeton’s tokenized money market fund, a move that’s set to boost efficiency in on-chain cash management and asset allocation. Both parties noted this partnership lays the groundwork for a broader strategic alliance between Franklin Templeton and MoonPay. For MoonPay, the deal marks an expansion of its business scope beyond cryptocurrencies, fiat, and stablecoins into the Real World Assets (RWA) space. This is also one of the first key strategic initiatives since Caroline Pham joined as CEO of MoonPay Institutional; Pham previously served as Acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC).
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Masayoshi Son Reclaims Title of Asia's Richest Man

June 2: Forbes’ real-time billionaire rankings show Masayoshi Son, founder and CEO of SoftBank Group, has a net worth of $100.7 billion—surpassing Indian tycoons Ambani and Adani to reclaim the title of Asia’s richest person for the first time in over a decade. SoftBank’s share price surged 14.71% yesterday, pushing its market capitalization to 48 trillion yen (roughly $306 billion). This figure exceeds Toyota’s approximately 46 trillion yen, officially ending Toyota’s more than 20-year reign as Japan’s largest publicly traded company by market value. As of the Tokyo Stock Exchange’s closing bell today, SoftBank’s market cap has climbed further to 49.3 trillion yen, while Toyota’s stands at 44.92 trillion yen.

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HelloTrade will migrate to the Monad Network and continue to advance Alpha testing

June 2nd — Official sources report that blockchain stock trading platform HelloTrade has announced it will officially migrate to the Monad ecosystem, while remaining focused on making the global capital market more open and inclusive. The Monad team aligns with HelloTrade on this shared core goal: both aim to advance on-chain transactions in global financial markets through high-performance blockchain infrastructure. Currently, HelloTrade is in the alpha testing phase and will share additional updates about product developments and ecosystem partnerships in the coming months.

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Strategy Plunges 10%, Shattering the 'HODL' Myth

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Bitcoin Briefly Drops Below $68,000

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U.S. Secretary of State: Iran Deal Could Be Reached Today, Tomorrow, or Next Week

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15 minutes ago

Pingu Exchange has announced that it will cease its operations and permanently shut down the platform on July 31st.

June 2 – Official sources report that on-chain perpetual contract trading platform Pingu Exchange will permanently cease operations, with the platform officially shutting down on July 31, 2026. Launched on Arbitrum in January 2024, Pingu raised approximately $270,000 in total funding and has operated solely on revenue generated from its platform. Over the past 18 months, the platform’s total trading volume neared $2.4 billion, distributed roughly $650,000 in ETH and USDC rewards to staking users, and built up a reserve of operational funds. Pingu noted that it planned to redirect resources to the Monad ecosystem to pursue new growth, but this strategy fell short of expectations. Just six months after migrating to the Monad mainnet, total trading volume hit only around $80 million. With insufficient business momentum, the team halted salaries in February this year to avoid further depleting its reserves. Ultimately, the team decided to wind down operations and return remaining funds t

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