By Shikha Singh
BlackRock-Backed Securitize Partners with Wormhole to Bring $1.3 bn Credit Fund to Solana.
Securitize, a leader in blockchain asset tokenization, has partnered with Apollo Global Management to bring the $ACRED fund, a $1.3B diversified credit fund, on-chain.
The collaboration marks Securitize’s first deployment on Solana, expanding its presence across six blockchains.
Wormhole’s interoperability will help the tokenized fund give investors access to Apollo’s diversified credit strategy. It could also be connected to Solana’s DeFi ecosystem for lending and collateralization.
This partnership aims to make private markets more accessible, offering broader access to investment opportunities.
With Solana’s RWA sector expected to grow in 2025, tokenized assets like $ACRED could add significant value to the network.
LayerZero Reaches Settlement With FTX Estate Over Alameda Deal.
LayerZero Labs has reached a settlement with the FTX bankruptcy estate after a two-year legal dispute. The case stemmed from a 2022 deal in which Alameda Research CEO Caroline Ellison agreed to sell back a 5% equity stake in LayerZero for the forgiveness of a $45 million loan.
The FTX estate sued LayerZero, claiming the transactions were fraudulent, as Alameda was insolvent at the time.
Another unresolved deal involved the sale of Stargate (STG) tokens. LayerZero denied the accusations and maintained that it tried to resolve the matter. In the settlement, LayerZero has returned the original repurchase to the FTX estate, allowing the company to refocus on development.
Token Burn & Merger Fuel Bitget Token’s 320% Rise Over The Past Two Months.
The Bitget token (BGB) has been one of the top-performing tokens recently, rising over 320% since December 1, 2024, and currently trading at around $6.80 with a fully diluted valuation of ~$8 billion.
This surge outpaces other exchange tokens like BNB, LEO, and CRO, as well as major assets like Bitcoin. Key developments in late December contributed to BGB’s rise: the merger of Bitget Wallet Token (BWB) with BGB and a major token burn plan, which included burning 40% of the total BGB supply and committing 20% of profits to quarterly burns.
Despite a 30% price dip following the announcements, BGB has since recovered, showing an 8% gain year-to-date.
OFFICIAL TRUMP Erases $2 bn From Its Market Cap In A Week.
The Official Trump (TRUMP) memecoin has seen a dramatic decline, losing $2 billion in market cap over the past week.
Once valued at $7.07 billion, its market cap has dropped to $5.07 billion, with the token now trading at $25.39, down 27.58% this week.
Launched in January 2025, TRUMP initially surged to $75.35 but quickly lost momentum after Donald Trump admitted to not knowing much about crypto.
Despite some adoption for merchandise purchases, the token has struggled to maintain its hype.
Pump.fun Faces Class Action Lawsuit Over Alleged Unregistered Securities Sales.
A class action lawsuit has been filed against Pump.fun, a Solana-based meme coin platform, claiming it operated an illegal securities exchange by helping creators launch over 50,000 unregistered tokens.
The suit alleges that Pump.fun’s U.K.-based parent company, Baton Corporation, collected nearly $500 million through a 1% mandatory transaction fee while facilitating securities law violations.
The lawsuit is only about three tokens: FRED, FWOG, and GRIFFAIN. It says that Pump.fun’s automated tools turned them into securities under the Howey Test, which checks if a deal is an investment contract.
Bitcoin Retail Sellers Cash Out as Whales Strategically Hold Strong.
Retail Bitcoin holders seem to be cashing out, with 6,000 BTC (worth $625 million) sent to Binance in January, according to CryptoQuant.
In contrast, Bitcoin whales (large investors) have moved only 1,000 BTC, indicating a more patient approach. This behavior highlights how retail investors often sell early, while whales wait for higher profits.
Despite retail selling, analysts remain optimistic about Bitcoin’s future. A market analyst, CryptoCon, notes that retail interest often peaks before major price highs, and Bitcoin may be entering a phase that precedes a significant rally.
January saw an 11% gain for Bitcoin, and analysts predict further bullish momentum in Q1, potentially pushing Bitcoin to new highs beyond $104,000.
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