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Techub News reports, according to a tweet by @Kalshi, the Governor of California, USA, has vetoed a motion proposed by former President Trump to rename 'Artificial Intelligence (AI)' to 'Super Intelligence'. This matter is seen as another point of divergence between the two parties in the United States regarding the definition and regulatory direction of artificial intelligence technology.
Techub News, Bithumb will list SUPER and 2Z won trading pairs.
Techub News, according to CoinDesk, cryptocurrency asset management firm Bitwise plans to take over Superstate's $267 million Superstate Crypto Carry Fund (USCC) on June 1, renaming it the Bitwise Crypto Carry Fund while retaining Superstate's blockchain infrastructure. The fund employs a "cash-and-carry" strategy to profit from the spread between spot and futures prices. This marks Bitwise's first entry into the tokenized fund market, and Superstate will shift its focus to the FundOS platform. Currently, the global tokenized real-world asset market has exceeded $30 billion.
Techub News reports, according to CoinDesk, Invesco, with assets under management of $2.2 trillion, will take over approximately $900 million in tokenized U.S. Treasury fund USTB from Superstate, officially entering the tokenized fund market. The fund holds short-duration U.S. Treasuries and will be renamed "Invesco Short Duration US Government Securities Fund" in the future while keeping the USTB ticker and token structure unchanged, with the transition expected to be completed in the second quarter of 2026. Transaction technology and on-chain infrastructure will continue to be managed by Superstate, including tokenized share issuance, on-chain settlement, and the digital registry system, while Invesco's global liquidity team will be responsible for daily investment management.
Techub News reported, according to Cointelegraph, that fintech and tokenization company Superstate has completed an $82.5 million Series B funding round. The round was led by Bain Capital Crypto and Distributed Global, with participation from Haun Ventures, Brevan Howard Digital, Galaxy Digital, Bullish, ParaFi, and others. The funds will be used to build a fully on-chain issuance layer for SEC-registered equities on Ethereum and Solana, and to expand its Opening Bell platform to support direct issuance programs.
Techub News, according to FinanceFeeds, cryptocurrency exchanges Gemini and Foris Dax, the parent company of Crypto.com, recently donated a total of $21 million to the pro-Trump Super PAC "MAGA Inc." Among them, Gemini provided 1.5 million USDC; Foris Dax donated $10 million in cash each in two separate contributions.
Techub News, according to The Block, the DeFi lending protocol Spark has allocated $100 million from its stablecoin reserves to Superstate's USCC fund (Crypto Carry Fund) to diversify its revenue streams. This fund generates returns through cryptocurrency basis trading. Spark previously primarily generated revenue through tokenized U.S. Treasury products such as BlackRock's BUIDL and Franklin Templeton's FOBXX.
Techub News: According to CoinDesk, Backpack will integrate Superstate's Opening Bell platform to provide investors outside the United States with trading of natively tokenized public stocks and index funds.
According to Techub News, Bull, a European provider of high-performance computing and AI solutions, has announced that its supercomputing power in France has doubled in order to support Europe's strategic needs for advancing AI development. This move aims to enhance Europe's technological independence in the fields of AI and high-performance computing. (Crypto Briefing)
Techub News reports that the European Securities and Markets Authority (ESMA) has signed a Memorandum of Understanding (MoU) with the Securities and Exchange Board of India (SEBI), aiming to promote cooperation and information exchange between the two parties in the recognition and supervision of Indian Central Counterparties (CCPs). This agreement is another important step following the MoU signed earlier this year between ESMA and the Reserve Bank of India (RBI), aimed at restoring EU clearing members' access to Indian CCPs. This move is the result of over two years of continuous engagement between the two parties. According to the agreement, CCPs established in India and regulated by SEBI will be able to reapply for recognition by ESMA under the European Market Infrastructure Regulation (EMIR). ESMA stated that it will continue discussions with the International Financial Services Centres Authority (IFSCA) with the aim of reaching a similar cooperation arrangement.
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