Warren and Slotkin Demand Trump Crypto Probe as Hyperliquid Launches USDH Stablecoin

Franklin Templeton Expands Benji Tokenization Platform to BNB Chain

Franklin Templeton is extending its Benji Technology Platform to BNB Chain to broaden access to tokenized investment products. Benji, the firm’s proprietary platform, powers trading, management, and administration of token-based assets, including the Franklin OnChain U.S. Government Money Fund (FOBXX), where one share is represented by a BENJI token. The platform already supports Ethereum, Solana, Base, Stellar, Polygon, Arbitrum, Avalanche, and Aptos, with a total locked value of about $732 million.

Deploying on BNB Chain gives Benji access to more users while leveraging low-cost, compliance-focused infrastructure. The expansion follows Franklin Templeton’s recent partnership with Binance and reflects the firm’s ongoing push to integrate tokenization into traditional finance, despite regulatory and cross-border adoption challenges.

Hyperliquid Launches Native USDH Stablecoin After Native Markets Wins Validator Vote

Hyperliquid’s native stablecoin USDH is now live, opening a USDH/USDC spot market with early trading volumes of around $2.2 million. The stablecoin, issued on HyperEVM, is fully backed by cash and short-dated U.S. Treasuries, with reserves managed both offchain and onchain and transparency ensured via oracle feeds.

USDH follows a validator-run selection process, with Native Markets winning over competitors including Paxos, Frax, and Agora. The rollout is phased and designed to scale supply according to exchange demand, while a portion of reserve earnings will support HYPE token buybacks.

The launch strengthens Hyperliquid’s control over liquidity and fees amid growing stablecoin adoption, with total stablecoin supply across blockchains nearing $280 billion.

Jiuzi Holdings Approves $1 Billion Crypto Investment Policy Amid Financial Struggles

Jiuzi Holdings (JZXN) has approved a new CryptoAsset Investment Policy, allowing up to $1 billion of cash reserves to be invested in Bitcoin, Ethereum, and BNB under a structured risk management framework. The move coincides with the appointment of crypto expert Doug Buerger as COO and the creation of a dedicated Crypto Asset Risk Committee led by CFO Huijie Gao. Significant purchases will be disclosed via SEC Form 6-K filings.

The company, operating in China’s new energy vehicle market, faces severe financial challenges, including a 3-year revenue decline of 85.8%, negative net and operating margins exceeding -40,000%, and an Altman Z-Score of -5.15 signaling distress. Despite a strong current ratio and zero long-term debt, valuation metrics such as a P/B ratio of 11.57 and an RSI of 81.94 suggest overvaluation, while institutional ownership remains minimal. High volatility (Beta 3.07) and sector competition add to investor risk.

Senators Warren and Slotkin Demand Ethics Probe Into Trump-Linked Crypto Deals and UAE AI Chip Approvals

Democratic Senators Elizabeth Warren and Elissa Slotkin are calling for an ethics investigation into President Donald Trump, his family, and top administration officials over potential conflicts of interest involving World Liberty Financial (WLF) and U.S. AI chip approvals to the UAE. The push follows a New York Times report detailing two rapid deals that allegedly benefited WLF executives, including Trump associates, while raising national security concerns. The senators requested scrutiny of the roles of White House AI and Crypto Czar David Sacks and U.S. Special Envoy Steve Witkoff, whose son leads WLF. The move comes as Congress debates a broader crypto market structure bill, where Trump’s ventures are under growing scrutiny.