Tokenizing mobility and autonomous robotaxis may be among the next emerging blockchain trends with fully onchain business models. Avalanche and Toyota Blockchain Lab are planning the future infrastructure necessary for self-deployed, autonomous robotaxi fleets, highlighting another emerging use case for blockchain technology in the future of transportation. Avalanche and Toyota are researching the creation of a new blockchain layer to “orchestrate trust and unlock mobility’s value” through a blockchain-based intermediary network called the Mobility Orchestration Network (MON). Built on Avalanche’s multichain infrastructure and Interchain Messaging (ICM), the proof-of-concept aims to enable secure data sharing for vehicle financing, ride sharing, insurance and carbon credit tracking, while streamlining ownership transfers for secondary markets. Read more
Whale inflows into Ethereum are getting bigger as investors take profits from Bitcoin and rotate capital into Ether, raising hopes of new all-time highs soon. Key takeaways: Ethereum whales bought 260,000 ETH in the last 24 hours, signaling accumulation. Whales, BitMine and ETFs add billions of dollars in ETH, reinforcing bullish demand. Read more
Winklevoss brothers-founded crypto exchange Gemini has filed for an IPO, seeking to raise up to $317 million as an “emerging growth company.” Gemini, a crypto exchange founded by Cameron and Tyler Winklevoss, announced the launch of an initial public offering (IPO) of 16.67 million shares of Class A common stock. Gemini Space Station filed a Form S-1 for IPO on Tuesday, planning to sell the shares priced between $17 and $19 per share, to raise up to $317 million. Subject to completion, the filing comes weeks after the company filed with the US Securities and Exchange Commission to list its Class A common stock on the Nasdaq Global Select Market under the ticker GEMI on Aug. 16. Read more