Xend Finance and Risevest Launch Tokenized Stock Platform in Africa

Over 14 million cNGN @cngn_co has been minted on @rwaassetchain and 8.8 million cNGN is currently invested in the tokenized money market earning a 20.25% yield annually. The best part, everything is happening on-chain. Get the Xend Finance app or use the web app and experience the best yield in crypto.

Xend Finance offers real-time yield of over 20% on tokenized money market directly from our mobile and web apps. Powered by @rwaassetchain and @cngn_co https://t.co/GKHTsBJazX

YES!!! 🔥 Users' funds are #safu with Xend Finance, sign up and start trading.

Weekly Crypto Update: May 26 - June 1 Market Movements - Bitcoin is down 4.4% over the last 7 days, currently at $104,800 - Ethereum is sitting at $2,480 with a 3.3% decrease from the previous week - Last week’s top 3 gainers were SPX (+13%), QNT (+9%), and CRO (+8%), while the top 3 losers were RAY (-28%), WIF (-26%), and BONK (-23%) - The crypto market’s Fear & Greed Index is at 57 Neutral today (CMC) - Crypto market capitalization is at $3.27 trillion, up 0.22% since yesterday - Bitcoin's market cap dominance is currently at 63.7%, Ethereum at 9.2%, and other cryptocurrencies at 27.2% - Stablecoins' market capitalization has risen by 0.47% in the last 7 days, currently at $247 billion, with USDT dominance at 62.06% (DefiLlama) - NFT sales volume decreased by 27% over the previous 7 days, while total transactions increased by 0.22% (CryptoSlam) Blockchain Tech & Gaming - Blockchain company StarkWare launched its zero-knowledge prover STARK Two (S-two), which allows users to generate cryptographic proofs on their devices like phones and laptops, improving privacy and verification - Yuga Labs sold its Moonbirds, Mythics, and Oddities NFT collections IPs to Orange Cap Games, a crypto gaming startup - TON blockchain experienced a brief outage on June 1st, caused by an error in the processing of the masterchain dispatch queue Investments & Partnerships - Xend Finance and Risevest are partnering up to launch a tokenized stocks and real estate platform in Africa - Donut Labs raised $7 million to launch the first-ever crypto browser powered by AI agents, with a crypto wallet and DEX integration - Boston-based payments company Conduit raised $36 million in Series A funding to build its stablecoin and fiat cross-border payment system Crypto Security - Crypto exchange BitoPro hit with a $11.5 million exploit - Crypto hackers stole $244 million in May, according to blockchain security company PeckShield, which is a 40% decrease compared to April - MEXC exchange detected a 200% increase in fraudulent trading activity in Q1 of 2025 compared to Q4 of 2024 - DeFi platform, Cork Protocol, was exploited with losses amounting to $12 million Regulatory Developments - Singapore’s central bank has ordered local crypto firms to stop operations overseas by the end of June or obtain a license; violations will face fines of up to $200k - Spain’s Banco Santander is considering launching a stablecoin product and expanding crypto services also to retail clients More Industry Updates - After their latest Bitcoin (BTC) purchase, worth $118 million, Metaplanet is now the 8th largest Bitcoin holder - FTX started its second round of reimbursements to creditors, which is $5 billion worth to large accounts - Paris-based company Blockchain Group announced that it will buy more Bitcoin for its treasury by selling $72 million worth of bonds - USDC issuer, Circle, has applied to list its Class A common stock on the NYSE under ticker CRCL - Nasdaq filed with the SEC for 21Shares to list a Spot Sui ETF in the U.S. - Canary Capital has applied S-1 registration form with the SEC for Cronos (CRO) ETF - GameStop’s stocks fell after buying $500 million worth of BTC Have a successful new week ahead! 🤝 - Swapin Team