Binance calling 1.35m SOL from FalconX

Crypto brokerage FalconX had 1.35 million solana (SOL) in its possession since 2021, but didn't know who they belonged to. Recently, Binance, the largest crypto exchange and a key liquidity partner of FalconX, finally came forward as the rightful owner and asked for its SOL back. FalconX turned it over.

It's unclear exactly how this apparent mistake was made. A FalconX spokesperson, confirmed that there had been "a reconciliation anomaly" involving solana tokens and said there was no identifying information tied to the original transaction that brought the SOL into the broker's life.

Ripple launches custody after acquiring Metaco and Standard Custody

Ripple made a major foray into crypto custody on Thursday, launching new services aimed at helping banks and financial technology firms to store digital assets on behalf of clients.

The San Francisco-based company told CNBC it is debuting a slew of features to enable its banking and fintech clientele to keep and maintain digital tokens — as part of a broader push into custody, a nascent business for Ripple under its recently formed Ripple Custody division.

These features include pre-configured operational and policy settings, integration with Ripple’s XRP Ledger blockchain platform, monitoring of anti-money laundering risks to maintain compliance, and a new user interface that’s easier to use and engage.

Hashnote’s USYC Launches On Deribit

According to https://insights.deribit.com/education/hashnotes-usyc-launches-on-deribit/

USYC is a yield generating ERC-20 token on the Ethereum network. USYC stands for US Yield Coin, and is the on-chain representation of the Hashnote International Short Duration Yield Fund Ltd. (“SDYF”). The yield is generated by investing in overnight repo and treasuries. This allocation is designed to minimise the duration risk, and allow for quick liquidity when holders wish to redeem back into USDC or PYUSD.

While it’s not pegged to the value of a US dollar like several stablecoins (e.g. USDT, USDC), the value of USYC should remain relatively stable, and increase slowly over time, at least while the value of the assets backing it continue to pay a yield and remain stable.

Deribit will accept USYC as collateral with 10% haircut when calculating margin value.

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