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Zcash Foundation adds new Rust DNS seeder to improve network reliability

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The new tool helps Zcash nodes discover peers faster and more safely as they join the network.

Binance to add Ripple’s RLUSD stablecoin on Ethereum, XRP Ledger support is coming

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The dollar-backed stablecoin be available starting Thursday on Ethereum, with support for the XRP Ledger expected soon.

‘Anti-Innovation’: Experts Slam Nigeria’s ‘Disproportionate’ Capital Requirements for Crypto Firms

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The Nigerian SEC has sharply raised minimum capital requirements for digital asset firms, with offering platforms now needing about $704,000 and exchanges and custodians $1.4 million. Experts describe new capital requirements as “anti-innovation,” and warn that they could drive talent abroad. Significant Hikes in Capital Demands The Nigerian Securities and Exchange Commission’s (SEC) revised minimum […]

Ziina and Lean Technologies Execute UAE’s First Live Customer-Initiated Open Finance Payment

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Lean Technologies, a leading MENA financial infrastructure provider, and Ziina, a UAE-based payments platform, have launched the country’s first live customer-initiated Open Finance payment.

The milestone transaction was executed under the Central Bank of the UAE’s (CBUAE) Open Finance framework, marking a significant transition for the region’s financial ecosystem from technical readiness to real-world application.

Moving from concept to reality
Faisal Toukan, co-founder and CEO of Ziina

With this launch, Ziina—which operates as a licensed financial institution (LFI) through its Stored Value Facility authorization—becomes the first entity in the UAE to enable live Open Finance payments initiated directly by customers.

The new functionality allows Ziina users to complete instant, account-to-account bank payments through regulated Open Finance APIs. By connecting directly to bank accounts, the system offers a faster and more secure way to move money, eliminating the need for users to switch channels or rely on manual transfers.

Faisal Toukan, co-founder and CEO of Ziina, commented on the significance of the achievement: “Delivering the UAE’s first customer-initiated Open Finance payment marks an important step for the country’s financial ecosystem. Regulated, API-driven payments, now operating at production scale, are beginning to influence expectations around speed, transparency and trust. Enabling customers to complete a bank payment directly inside the Ziina app through Open Finance reflects how forward-thinking policy can shape everyday financial behaviour”.

Powered by national infrastructure
Hisham Al-Falih, CEO of Lean Technologies

The initiative relies on the technical and regulatory foundation established by the UAE’s Open Finance Regulation, Nebras (the national Open Finance platform), and Al Tareq (the Central Bank’s API framework).

Lean Technologies provides the underlying infrastructure for the service, delivering the secure connectivity and compliant payment initiation required to support production-grade flows.

Hisham Al-Falih, CEO of Lean Technologies, added: “Seeing Open Finance payments live in the UAE is a meaningful moment for the market. This milestone reflects the Central Bank’s vision for modern, secure financial infrastructure and shows what becomes possible when strong connectivity meets thoughtful product execution”.

The collaboration highlights the broader adoption of fintech in the region. Since its founding in 2019, Lean has connected over 2 million accounts and processed more than $4billion in transaction volume. Meanwhile, Ziina has grown to serve over 260,000 businesses and consumers in the UAE, offering a unified platform for everyday financial needs.

Crypto Must Compromise on Senate Bill: Trump Advisor

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The US Senate’s crypto market structure bill must be passed quickly while lawmakers can still cut deals to advance it, but it will require concessions, says a top White House crypto advisor.

“There *will* be a crypto market structure bill — it’s a question of when, not if,” Patrick Witt, the executive director of the President’s Council of Advisors for Digital Assets, said on Tuesday.

“Assuming a multi-trillion-dollar industry will continue to operate indefinitely without a comprehensive regulatory framework is pure fantasy,” he added. 

The Senate is looking to pass laws defining how the Securities and Exchange Commission and the Commodity Futures Trading Commission would police crypto, but some crypto lobbyists are unhappy with provisions they argue are too restrictive on stablecoins and decentralized protocols.

The Senate Banking and Agriculture Committees, which respectively oversee the SEC and CFTC, had both delayed markups of the bill scheduled for Thursday to drum up bipartisan support to ensure it moves forward.

Take the opportunity “to pass a bill now”

Witt slammed Coinbase CEO Brian Armstrong’s comments on Wednesday, where the exchange and major lobbyist dropped its support for the legislation and said it would “rather have no bill than a bad bill.” 

“What a privilege it is to be able to say those words thanks to President Trump’s victory, and the pro-crypto administration he has assembled,” Witt said.

Source: Patrick Witt

“You might not love every part of the CLARITY Act, but I can guarantee you’ll hate a future Dem version even more.”

“Let’s keep working to improve the product, recognizing that compromises will need to be made in order to get 60 votes in the Senate, but let’s not let perfect be the enemy of the good,” he added.

He urged to “take advantage of the opportunity to pass a bill now, with a pro-crypto President, control of Congress, excellent regulators at the SEC and CFTC to write the rules, and a healthy industry,” claiming that Democratic lawmakers would “write punitive legislation.”

Related: CLARITY Act hinges on bipartisan support; here are the numbers: Analyst

Witt’s comments come as Republicans are pushing to implement their policy goals ahead of the midterms in November, where all House seats and 35 of the 100 Senate seats are up for election.