Bitcoin Runes Coming to Magic Eden

Hi NoRamp Community,

Daily News:

1) Tinkoff Bank Wins ‘Digital Assets’ Operating Permit in Russia

2) Bitcoin Runes Coming to Magic Eden

3) Spark Protocol Deploys New DAI Markets on Morpho’s Lending Protocol

4) Capital A to Integrate Ant International’s Payment Orchestration Services

5) Abrigo Snaps Up TPG Software For Investment Accounting Tech

Tinkoff Bank Wins ‘Digital Assets’ Operating Permit in Russia:

• Tinkoff Bank, one of Russia's largest banks, has obtained a license to issue and sell digital financial assets (DFAs) in the country, joining the Central Bank's official list of approved DFA operators.

• The move follows the launch of a DFA trading platform by Tinkoff's biggest rival, Sberbank, which may eventually provide access to certain types of NFTs, while Tinkoff aims to make up ground in the DFA market by leveraging its investment in the Atomyze platform.

• The term DFA in Russia has evolved to refer to various blockchain-powered coins, including digital securities, bonds, and tokenized assets, as well as CBDCs like the digital ruble, with recent legislation allowing Russian firms to use DFAs as a payment tool, signaling strong support for the growth of the domestic DFA market.

Bitcoin Runes Coming to Magic Eden:

• Magic Eden, a leading cross-chain NFT marketplace, announced plans to support the upcoming Runes fungible token standard on Bitcoin, following its success with Bitcoin Ordinals and the introduction of the Diamonds rewards program across supported chains including Bitcoin, Solana, Ethereum, and Polygon.

• The Rune protocol, developed by Bitcoin developer Casey Rodarmor, is set to launch on Bitcoin's mainnet after the halving on April 20, offering a more efficient way of minting and trading tokens on Bitcoin, with Magic Eden's COO Z Yin expressing long-term conviction in native Bitcoin activity.

• Amid growing interest in Bitcoin-based assets and the surge in Bitcoin's price to all-time highs, Magic Eden has quickly become the top overall NFT marketplace by trading volume, with Bitcoin Ordinals trades representing a significant portion of its volume, and plans to further expand its ecosystem with the addition of Runes and the potential benefits of the Diamonds rewards program.

  

  Source: Blockworks

Spark Protocol Deploys New DAI Markets on Morpho Lending Protocol:

• Spark, a Maker SubDAO-built DeFi infrastructure, has deployed $100 million in new DAI liquidity with Morpho Blue, enabling users to borrow Ethena's stablecoins, USDe and sUSDe, at highly efficient leveraged positions backed by MakerDAO.

• The collaboration aims to create new DAI markets and a DAI vault on MetaMorpho, with performance fees initially set to zero and all fees accrued directed to Maker's Direct Deposit Module (DDM), driven by MakerDAO's endgame plan and the rapid growth of Spark.

• The expansion of SparkLend's lending infrastructure using Morpho is due to the programmability of Morpho Blue, allowing users to choose risk parameters and customize lending pools, with Morpho Labs CEO Paul Frambot highlighting the trustless and efficient approach to lending and the broader diversity of collateral for borrowing DAI.

Capital Adding Ant International’s Payment Orchestration Services:

• Ant International and Capital A Berhad, owner of AirAsia, have formed a strategic partnership to integrate local payment methods and payment orchestration services into Capital A's platform, including its entities AirAsia, AirAsia MOVE, and BigPay.

• The collaboration will focus on integrating Ant International's Alipay+ eWallets as payment options within AirAsia MOVE's payment flows, promoting AirAsia MOVE's services to Ant International's user base, and making BigPay an Alipay+ partner wallet with potential use of Alipay+ fraud prevention technologies.

• AirAsia will leverage Ant International's Airline Controller payment orchestration solution and work to accept various payment methods for online, offline, and in-flight transactions, aiming to bring seamless services and diversified growth pathways for consumers and businesses in the region and beyond.

Abrigo Snaps Up TPG Software For Investment Accounting Tech:

• Abrigo, a provider of compliance, credit risk, and lending solutions, is acquiring TPG Software, a financial software developer based in Houston, USA, to enhance its accounting and risk management capabilities.

• TPG Software's front-to-back straight-through processing solution, Portfolio Genius, streamlines risk management, accounting, and reporting processes for banks, credit unions, and other financial services firms, offering functions for trade capture, subledger accounting, client safekeeping, reconciliation, fund and liquidity management, regulatory reporting, and risk monitoring.

• The acquisition will allow Abrigo to expand its suite of technical accounting solutions and strengthen its risk management and reporting capabilities for financial institutions, with TPG's technology being integrated into Abrigo's CECL model, stress testing, income recognition, asset and liability management, and credit monitoring solutions, addressing the growing demand in the investment accounting software market projected to reach $8.2 billion in the next three years.

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