Binance repurchased 6.77 million OMNI tokens from early investors, accounting for 6.77% of the total supply

According to the Omni Labs announcement, the Omni Foundation has repurchased 6.77 million OMNI tokens (6.77% of the total supply) from early investors

The Omni Foundation has repurchased 6.77 million OMNI tokens, amounting to 6.77% of the total supply, from early investors, reducing the investor holding ratio from 20.06% to 13.29%. The initiative is part of broader efforts to realign token proportions and unlock new possibilities for community engagement and economic prosperity within the Omni ecosystem.

As disclosed in an announcement by Omni Labs, the Omni Foundation utilized funds from its $18.1 million seed round and Series A financing to repurchase the OMNI tokens at a discount. These repurchased tokens will be transferred to the "Community Growth" pool, further reducing the total holding ratio of investors, consultants, and core contributors from 48.56% to 41.79%.

This operation adheres to the established lock-up terms and embodies the community priority allocation model of projects such as Hyperliquid, aiming to optimize the token distribution structure. The current OMNI market price commands a premium over the repurchase price.

In other news, Jetcraft will accept cryptocurrency payments for private jet transactions. The cryptocurrency payment platform CoinPayments has partnered with global business aviation trader Jetcraft to provide digital asset payment services for private jet transactions, reports Cryptoslate.

The partnership, which is mainly targeted at high-net-worth customers, will support the real-time settlement of multiple cryptocurrencies and adopt security protocols that comply with anti-money laundering regulations.

CoinPayments' payment system will be directly connected to Jetcraft's financial process to automatically convert cryptocurrencies into fiat currencies. The chairman of Jetcraft noted that the partnership aims to meet the needs of customers in the technology field for innovative payment methods.

"We are always looking for ways to improve the customer experience and provide more flexible, efficient payment options to meet the evolving demands of today's technology leaders," said chairman of Jetcraft, David M. Vassiliadis.

Meanwhile, Saudi Arabia's central bank has disclosed that it holds shares in Strategy, indirectly deploying Bitcoin assets.

According to Ash Crypto, the Saudi Arabian Monetary Authority (MA) disclosed its equity holdings for the first quarter of 2025 in a filing with the U.S. Securities and Exchange Commission (SEC). Among the disclosed stocks is a holding of 1,000 shares in Strategy (NASDAQ:STRAT), the parent company of MicroStrategy, which is known for its significant Bitcoin investments.

The reported value of the Strategy shares is $39.8 million, which is a small portion of MA's total investment portfolio, which amounts to $78.9 billion.

As of the end of the first quarter, MicroStrategy's Bitcoin holdings were approximately $1.13 billion, while the company's market capitalization was about $10.8 billion.

In addition, the Saudi Arabian central bank also holds shares in Meta (NASDAQ:META), with a reported value of $4.9 billion.

U.S. lawmakers will hold a final vote on the stablecoin GENIUS Act on May 19.

According to Coingape, U.S. Senate Majority Leader John Thune has formally submitted a motion to end the debate on the GENIUS Act, setting the stage for a vote on May 19.

The stablecoin regulatory bill requires that issuers with assets exceeding $10 billion be regulated by the Federal Reserve, while small institutions will be regulated at the state level.

All stablecoins must be fully backed by assets such as U.S. dollars or treasury bonds. The latest bipartisan amendment proposes to add three clauses: stricter rules for technology companies to get involved in financial assets, strengthen consumer protection mechanisms, and strengthen supervision of government officials (including Musk and others).

Previously, the House of Representatives passed a similar STABLE Act, which requires issuers of stablecoins such as USDT to operate in full transparency.

If the bill passes, it will become the first federal legislative framework for stablecoins in the United States.

Senate sources revealed that the amendments include an explicit prohibition on the abuse of FDIC insurance and strengthening bankruptcy protection clauses to win cross-party support.

The results of this vote will directly affect the direction of U.S. regulation in the field of digital assets.

U.S. court rejects SEC's settlement motion with Ripple due to procedural errors.

U.S. District Court Judge Analisa Torres has rejected the settlement motion jointly submitted by the SEC and Ripple, reports Cryptoslate.

The motion, which was submitted in March, sought the court to lift the permanent injunction in the August 2024 judgment and approve the release of $50 million of the $125 million civil penalty escrow to be paid to the SEC, with the remaining funds to be returned to Ripple.

However, Judge Torres determined that the application did not follow the procedural requirements of Rule 60 of the Federal Rules