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Chainlink integrates with Swift to let funds process transactions onchain

Blockchain oracle provider Chainlink has announced a significant integration with Swift, the global financial messaging network, allowing banks to initiate onchain fund transactions using existing infrastructure. This announcement follows a pilot collaboration involving UBS Asset Management and the Monetary Authority of Singapore (MAS). The new integration employs the Chainlink Runtime Environment to enable banks to utilize Swift's messaging systems to connect with multiple blockchains seamlessly. Previously, Chainlink and partners demonstrated how tokenized fund workflows could incorporate existing fiat systems via Swift's ISO 20022 messages, facilitating fund subscriptions and redemptions onchain. This initiative is expected to enhance interoperability and streamline processes that traditionally rely on numerous intermediaries, thus improving efficiency within the financial sector. As of mid-2025, global assets under management stand at approximately $147 trillion, indicating a significant demand for such innovative financial solutions. Swift, established in the 1970s, has been exploring blockchain integrations to simplify access for banks and enhance transaction tracking alongside emerging technologies like central bank digital currencies (CBDCs).

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Ethena Founder Says USDe Depeg Due to Binance Oracle Issue

Guy Young, the founder of Ethena Labs, stated that the recent depegging of USDe on Binance, which fell to $0.65, was caused by an oracle issue within Binance rather than issues with the collateral or the token itself. Young emphasized that USDe operations remained unaffected, with $2 billion redeemed

Bitcoin, Ether, Solana Bounce on Eased Trade Tensions

Crypto markets have seen a rebound following easing trade tensions between Washington and Beijing. Following remarks from China's Ministry of Commerce clarifying that its rare-earth export controls are not blanket bans and will have minimal impact, confidence returned to the market. Additionally, U.S. Vice President Vance emphasized

Binance to Compensate Users Affected by Crash in Wrapped Ether, Staked Solana and Ethena’s USDe

Binance announced it will compensate users affected by a recent crash involving Wrapped Beacon Ether (wBETH), Staked Solana (BNSOL), and Ethena's synthetic dollar (USDe). The crash occurred when Binance's infrastructure faced significant stress due to heightened market volatility, making it difficult for market makers to stabilize

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