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Crypto & Web3CoinDesk ·

Control battle erupts at Ondo Finance following founder Nathan Allman's death

A power struggle has emerged at Ondo Finance following the death of its founder, Nathan Allman. Three separate filings in a Delaware court have brought the dispute to light. The legal documents indicate competing parties are contesting control of the blockchain finance firm. The situation underscores the governance vulnerabilities that can arise in crypto ventures when a founding leader dies unexpectedly.

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Crypto & Web3CoinDesk ·

Tether Enters Saudi Arabia with Real Estate Tokenization Push

Stablecoin issuer Tether is expanding its tokenization business into Saudi Arabia. The company will initially focus on tokenizing institutional real estate assets in the kingdom. Tether has indicated plans to broaden its scope to other asset classes beyond real estate over time. The move marks a significant step in Tether's strategy to grow its tokenization operations in the Middle East.

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Crypto & Web3CoinDesk ·

JPMorgan: Hyperliquid ETF inflows lose steam amid rising competition

Hyperliquid crypto ETFs saw strong investor demand during May and June, leading inflows among crypto funds in that period. However, according to JPMorgan, that momentum faded significantly in July and August. The bank attributed the slowdown to intensifying competition in the crypto ETF space. The development signals a shift in investor appetite away from Hyperliquid-focused products as more alternatives emerge.