News linked to both this project and an event.
Odaily Odaily News: Bitget's staked borrowing section has added support for 25 stock tokens (rToken) as collateral assets, bringing the total supported to 128. The newly added assets include popular US stocks and ETFs such as rIVV, rKLAC, and rSMCI, covering diverse sectors such as technology, consumer, and finance. Users holding relevant stock tokens can now use them as collateral to borrow mainstream assets like USDT and USDC, as well as 100+ crypto assets, unlocking capital liquidity without selling their holdings. For specific collateral parameters, please refer to Bitget's official platform.It is reported that rTokens, identified by the letter r plus the stock ticker (e.g., rNVDA for Nvidia), are issued by Reality, a licensed RWA protocol under Bitget. Through a partnership with compliant broker Alpaca, they connect directly to global liquidity pools such as Nasdaq and the New York Stock Exchange. Their features include: a 1:1 reserve of underlying assets held by licensed custodians, stock dividends distributed 1:1 in token form, support for synchronized mapping of corporate actions (such as stock splits), and the ability to use holdings as joint margin for unified accounts and USDT-margined contracts—allowing users to flexibly manage funds while holding global stock assets.
Drift Protocol stated on X platform that after the protocol resumes operation, users who have staked in the Insurance Fund will be able to withdraw their corresponding shares normally. The Insurance Fund is designed to maintain the protocol's solvency during liquidation or bankruptcy scenarios. Since the protocol was paused before losses were realized through normal liquidation or bankruptcy processes, the Insurance Fund was not affected by the relevant vulnerability or attack.Drift Protocol added that the protocol's own Insurance Fund assets will be used to support system restart and user recovery, and it plans to disclose the relevant on-chain addresses to allow the community to track fund usage and subsequent deployment.
Galaxy Digital has released its financial results for the first quarter of 2026, showing a net loss of $216 million for Q1, impacted by the downturn in the crypto asset market during the quarter. The diluted and adjusted loss per share was $0.49. Adjusted gross loss for the period was $88 million, and adjusted EBITDA loss was $188 million. As of March 31, Galaxy Digital's total equity stood at $2.8 billion, holding $2.6 billion in cash and stablecoins.In terms of digital asset business, Galaxy's assets under management reached $5 billion, with staked assets totaling $3.2 billion. BlackRock has selected Galaxy as the validator for its staked Ethereum exchange-traded fund, the iShares Staked Ethereum Trust ETF. Additionally, Galaxy has delivered the first data hall at the Helios data center to CoreWeave, officially beginning revenue recognition, and expects to complete the delivery of the first phase's 133 megawatts of critical IT load by the end of Q2 2026. (PRNewswire)
According to official announcements, ahead of the mainnet launch of Pharos—the Layer 1 financial public blockchain—Pharos has partnered with OKX Web3 Wallet to launch a pre-deposit campaign for RWA-backed stablecoins. Participants in this campaign can lock up their assets for 100 days, earning an annualized yield of 14%–16% (backed by Pharos-exclusive RWA assets, plus additional subsidies from the project team). Users participating via OKX Wallet will also receive exclusive airdrops. Currently, participation in the campaign is highly active: after the 24-hour whitelist round concluded, the public round opened for just one hour before reaching its staking cap, with total staked value already hitting $50 million.