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Utexo, a startup building Bitcoin-native stablecoin settlement infrastructure, announced a $7.5 million seed round co-led by Tether, Big Brain Holdings, and Portal Ventures.  The round also included participation from Franklin Templeton, Maven11 Capital, Fulgur Ventures, Alchemy VC, Ethereal Ventures, Auros Ventures, Arcanum Capital, Paper Ventures, Axia8, FlowTraders, Plan B, Gate Ventures, Sats Ventures, and strategic angels including operators from Ledger, Hyperion, BTC Turk, Echo, Legion, and SOLV. The company was founded to address a longstanding gap in the cryptocurrency ecosystem: enabling USDT to settle natively on Bitcoin with robust, production-ready payment rails. Tether’s  CEO, Paolo Ardoino, said that Bitcoin has…

Dubai, UAE, March 6th, 2026, Chainwire Utexo makes Bitcoin-native stablecoin settlement practical, predictable, and easy to integrate Utexo now announces the raise of a $7.5M seed round co-led by Tether, Big Brain Holdings, and Portal Ventures, with participation from Franklin Templeton, Maven11 Capital, Fulgur Ventures, Alchemy VC, Ethereal Ventures, Auros Ventures, Arcanum Capital, Paper Ventures, Axia8, FlowTraders, Plan B, Gate Ventures, Sats Ventures and strategic angels including operators from Ledger, Hyperion, BTC Turk, Echo, Legion, and SOLV. Bitcoin has always been central to Tether’s long-term vision for USDT, but turning that idea into reality required infrastructure that didn’t yet exist.…

The initial public offering (IPO) of Sedemac Mechatronics Ltd, a Pune-based manufacturer of powertrain controls and auto parts, managed to get fully subscribed on Friday, March 6 — the last and final day of bidding — amid strong demand from institutional investors.The offer was booked 46% at the end of the second day.According to BSE data, Sedemac Mechatronics IPO attracted bids for 1,51,10,909 shares, against the total offer of 56,32,899 shares, resulting in 2.68 bids.Breaking down subscription by category, Qualified Institutional Buyers (QIBs) saw the highest bids at 8.46 times bids, while the quota for non-institutional investors was subscribed 77%…

DUBAI, UAE, March 6, 2026 /PRNewswire/ — As digital asset markets face renewed volatility and investor sentiment turns cautious, Bybit and Tether, the largest company in the digital asset industry today, announced an expanded collaboration centered on tokenized gold, launching the joint “Golden Season” initiative with more than $1 million in gold-backed rewards. The program builds on the two companies’ long-standing collaboration around liquidity, stablecoin infrastructure, and asset tokenization, reflecting a shared focus on delivering stability and real-world value to crypto investors during turbulent markets. Standing With Users When It Matters Most With the crypto Fear & Greed Index recently touching extreme-fear…

Declines in Old Dominion Freight Line’s key metrics moderated in February. A 3.3% year-over-year decline in revenue per day during the month was better than the 6.8% drop the less-than-truckload carrier recorded in January. “We are encouraged by trends that we have seen develop in our business … we remain cautiously optimistic about the direction of the domestic economy,” said Marty Freeman, Old Dominion president and CEO, in a news release. Old Dominion’s (NASDAQ: ODFL) tonnage declined 6.8% y/y in February as a 7% decline in daily shipments was only partially offset by a 0.2% increase in weight per shipment.…

The banks’ side in the Clarity Act negotiations refuses to accept the White House’s suggested compromise. Trump’s crypto advisor, Patrick Witt, called out JPMorgan CEO Jamie Dimon for his misleading comments about stablecoin yields. US President Donald Trump has recently put pressure on banks in ongoing talks over the Clarity Act. However, the gatekeepers of traditional finance are reportedly not playing ball with the White House’s proposed compromise. Along the way, White House digital asset advisor Patrick Witt has engaged JPMorgan Chase CEO Jamie Dimon in a war of words after Dimon criticized the crypto industry. Clarity Act Negotiations Hit…

Dubai, United Arab Emirates, March 5th, 2026, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, officially kicks off the Bybit TradFi Stock Festival’s Wall Street Showdown competition with a 100,000 USDT prize pool as Bybit TradFi continues to announce new stock CFDs weekly.  Geopolitical tensions and global uncertainty continue to weigh on markets this week. With the S&P 500 trading at 6,869.50, the Nasdaq Composite at 22,807.48, and BTC rebounding above $73,000, Bybit TradFi’s Wall Street Showdown has been activated at an opportune time for traders diversifying across multiple asset classes. Bybit TradFi’s round-the-clock access to commodities, energy…

CANYON, Texas, March 5, 2026 /PRNewswire/ — Beef.com, the category-defining global domain acquired by Texas Slim, today announced it is building the first dedicated digital infrastructure network for the global beef industry — connecting ranchers directly to pricing, payment, and market settlement for the first time at scale. Experience the full interactive Multichannel News Release here: https://www.multivu.com/beef-com/9385451-en-beef-com-launches-digital-network-for-global-beef-industry  This is not an e-commerce launch. It is infrastructure. American ranchers operate inside a system built against them — opaque pricing, slow payments, and middlemen extracting margin at every step. Beef.com is being built to change that structure, not work around it. The…

A TON blockchain whale sent $220K to a scammer by mistake. The scammer kept $17K and returned the rest with an apology note.A TON blockchain whale recently fell victim to an address poisoning scam. The incident cost him $220,000 worth of TON tokens. He sent the funds to the wrong wallet by mistake. The scammer, however, did something few expected: he sent most of the money back. The unusual move has since sparked wide conversation across crypto communities online.How the TON Blockchain Scam UnfoldedAccording to a post by crypto user Adam Muhammad Mukhtar on X, the scammer had set up a…

Singapore, Singapore, March 5th, 2026, Chainwire iZUMi Finance has announced a strategic agreement with CIMG Inc. (Nasdaq: IMG) (“CIMG”), a Nasdaq-listed digital asset company, under which CIMG intends to pursue the proposed acquisition of selected key assets, core patents, and intellectual property from iZUMi Finance. The proposed acquisition builds on the firms’ prior engagement, including the jointly launched $20 million Upstarts Fund, and represents a significant step in CIMG’s strategy to expand its institutional decentralized finance (DeFi) infrastructure. Through the acquisition of iZUMi Finance’s technology assets and liquidity infrastructure, CIMG aims to strengthen its DeFi architecture and deepen its presence…