Crypto News Roundup: Mercado Bitcoin Grows, SEC ETF Delay, Kraken’s New Embed

Brazil’s Mercado Bitcoin Partners with Wormhole for Cross-Chain Tokenization

Brazil’s largest crypto exchange, Mercado Bitcoin, has selected Wormhole as its exclusive interoperability solution for its tokenization platform, as reported by The Block. Wormhole will enable Mercado Bitcoin to bridge its suite of tokenized products, including private credit offerings, to over 30 blockchains. The exchange’s asset tokenization unit, MB Tokens, has already issued over 340 tokenized products with a total market cap of around $180 million.

Earlier this year, Mercado Bitcoin partnered with Polygon Labs to tokenize up to $200 million worth of new products in Latin America. Wormhole, a decentralized interoperability protocol, will power the multichain expansion of over $200 million in tokenized assets across MB's portfolio, unlocking global liquidity and expanding access across blockchain ecosystems. The Wormhole Foundation will also make a strategic investment in one of Mercado Bitcoin’s tokenized offerings, marking the first phase of a broader, long-term collaboration.

Key Figures	Value
Tokenized Products Issued	340+
Total Market Cap	$180 million
Target for New Tokenized Products	$200 million
Blockchains Supported	30+

Summary: Mercado Bitcoin is expanding its tokenization platform across more than 30 blockchains with Wormhole, targeting over $200 million in tokenized assets and enhancing global liquidity. (Source: The Block)

Mantra Attributes OM Token Crash to Risky Exchange Policies

According to Cointelegraph, decentralized finance platform Mantra has linked the recent collapse of its OM token to aggressive leverage positions allowed by crypto exchanges. CEO John Mullin emphasized that liquidation cascades could happen to any project in the industry and called for exchanges to reassess their leverage policies to minimize investor risk. Mantra is cooperating with major exchanges to improve market stability and has introduced several governance improvements, including reducing internal validators by half and onboarding 50 external partner validators by the end of Q2 2025.

Additionally, Mantra has burned 150 million staked OM tokens, permanently removing them from the total supply, and launched a real-time dashboard for tokenomics data. The Mantra chain continued operating without interruption during the price drop, even as transaction volumes reached all-time highs. Despite repeated calls for collaboration, exchanges such as OKX and Binance have not commented on the situation.

Mantra will reduce internal validators by 50% and onboard 50 external partner validators by end of Q2 2025.
150 million staked OM tokens have been burned.
Real-time tokenomics dashboard and new EVM-compatible testnet (Omstead) launched.

Summary: Mantra is addressing the OM token crash by improving governance, burning tokens, and calling for industry-wide changes to leverage policies on exchanges. (Source: Cointelegraph)

Nigerian Judge Adjourns Binance Tax Evasion Case

Reuters reports that a Nigerian judge has adjourned the tax evasion case against Binance to May 12. The case is part of ongoing legal proceedings involving the crypto exchange in Nigeria. No further details on the proceedings or the allegations were provided in the report.

Summary: The Binance tax evasion case in Nigeria has been postponed to May 12, with further developments expected at the next hearing. (Source: Reuters)

Kraken Launches ‘Embed’ to Help Banks Offer Crypto Access

Kraken has introduced “Embed,” a Crypto-as-a-Service (CaaS) solution designed to help neobanks, fintechs, and traditional banks offer regulated crypto trading to their customers, according to PYMNTS.com. The solution simplifies operational and infrastructure requirements, allowing institutions to provide crypto trading without extensive in-house expertise. Kraken has already integrated with at least one partner, European neobank bunq.

The launch of Embed aligns with global crypto adoption trends, particularly in Europe, where regulations such as the EU’s Markets in Crypto Assets (MiCA) framework are driving market activity. Brett McLain, head of payments and blockchain at Kraken, stated that the goal is to empower banks and fintechs globally to adapt and thrive as crypto gains mainstream adoption.

Embed enables regulated crypto trading for banks and fintechs.
First integration with European neobank bunq.
Supports compliance with EU’s MiCA framework.

Summary: Kraken’s Embed service allows financial institutions to offer crypto trading efficiently and compliantly, supporting the growing trend of mainstream crypto adoption. (Source: PYMNTS.com)

SEC Delays Decisions on Multiple Crypto ETFs Despite Pro-Crypto Leadership

CCN.com reports that the U.S. Securities and Exchange Commission (SEC) has delayed decisions on several high-profile crypto ETFs, including those tied to Solana (SOL), XRP, Hedera (HBAR), and Dogecoin (DOGE). Over 70 crypto ETF applications are currently awaiting approval amid ongoing regulatory uncertainty. The final deadlines for many of these products now fall in Q3 and Q4 of 2025, with the Franklin Spot Solana ETF due for a decision by October 7, 2025, and the XRP version by November 5, 2025.

Despite a new administration in Washington and pro-crypto appointments at the SEC, the agency’s approach remains cautious. The Trump-appointed crypto task force, led by SEC Commissioner Hester Peirce, is holding industry roundtables to draft clearer guidance, with four more sessions scheduled before a final framework is expected.

ETF	Final Decision Deadline
Franklin Spot Solana ETF	Oct. 7, 2025
XRP ETF	Nov. 5, 2025
Bitwise Dogecoin ETF	Oct. 8, 2025
Grayscale Hedera ETF	Oct. 8, 2025

Summary: The SEC has delayed decisions on over 70 crypto ETF applications, with final decisions on major products expected in late 2025. (Source: CCN.com)

Coinbase Adds Worldcoin (WLD) to Listing Roadmap

The Daily Hodl reports that Coinbase, the largest crypto exchange in the US, has added Sam Altman’s World Network (WLD), formerly known as Worldcoin, to its listing roadmap. While being added to the roadmap does not guarantee a future listing, it signals the potential for WLD to be listed and aims to promote transparency and prevent insider trading.

World Network aims to create digital identities for everyone by confirming their humanity with eye-scanning “orbs.” After scanning, users receive “World IDs” to help counter online bots and fake identities. The project’s ecosystem includes WLD tokens and an app. Last year, Spanish regulators ordered the project to stop collecting data after complaints about its data-gathering process. However, a survey of 21,000 Spanish users found that nearly 90% support the project’s return to Spain, with 81% feeling safe using Worldcoin and 87% supporting its return.

“A new customer survey of more than 21,000 people in Spain, the first of its kind to give a voice to Worldcoin users, shows just how important digital proof of humanness has become in the country and the extent to which people recognize the value provided by World ID… Importantly, 81% of respondents stated that they feel safe using Worldcoin (15% were unsure). The survey results also showed that respondents in Spain strongly support the return of Worldcoin operations in the country (87% support, with 9% unsure).”

Summary: Coinbase has added Worldcoin (WLD) to its listing roadmap, and a large majority of surveyed Spanish users support the project’s return despite previous regulatory concerns. (Source: The Daily Hodl)

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