Alex Thorn, Director of Research at Galaxy Digital, stated that despite the recent sharp decline, the structural bull cycle in the cryptocurrency market remains intact. He believes the next major rally will be fueled by AI investments, stablecoin growth, and asset tokenization. “AI spending is being supported by tech giants with strong balance sheets and
Key Takeaways Alibaba’s Ant Group and JD.com have stopped their stablecoin projects due to instructions from Beijing. These projects focused on yuan-based digital assets developed by major technology firms in China. Chinese tech giants, including Alibaba’s Ant Group and JD.com, have halted their stablecoin development projects following direct intervention from Beijing, according to the Financial
Tokenization is moving from pilots to practice. The World Economic Forum projected that private equity and venture capital markets could grow to about $700B, which is expected to be tokenized. That potential scale would still reshape global finance. APAC is already moving ahead. Hong Kong’s spot ETFs drew $400 million on day one. Japan is
Is crypto winter coming? It’s already more than set in for bitcoin treasury companies (BTCTC). Aiming to replicate the once-in-a-generation success of Michael Saylor’s MicroStrategy (MSTR) and perhaps taking advantage of a U.S. regulatory regime that is willing to look the other way at questionable public offerings, a wave of crypto asset treasury companies have
Investors should exercise “discernment” when considering privately-issued stablecoins, which carry all the risks of a central bank digital currency (CBDC) plus their own unique risks, according to Jeremy Kranz, founder and managing partner of venture capital firm Sentinel Global. Kranz called privately-issued stablecoins “central business digital currency,” which feature all of the surveillance, backdoors, programmability,
Story Highlights Ryder raises $3.2M in a seed round led by billionaire investor Tim Draper. Ryder One offers crypto security in under 60 seconds. Funding will support production, engineering and marketing team growth, and a major marketing campaign. Ryder plans to enable tap-to-pay and everyday crypto transactions via a companion app. Ryder, the company behind
Ondo Finance (ONDO), which works on tokenizing real-world assets (RWA), is cautious about Nasdaq’s proposal to tokenize stocks and exchange-traded funds (ETFs). The company said the proposal needed more transparency before moving forward. In a letter sent to the U.S. Securities and Exchange Commission (SEC) this week, Ondo Finance requested more information regarding Nasdaq’s plan
Ondo Finance is urging the U.S. Securities and Exchange Commission (SEC) to delay a proposed rule change from Nasdaq that would allow for the trading of tokenized securities. In a letter submitted Wednesday, the tokenization firm raised concerns over what it sees as a lack of transparency and a potential threat to fair market access.
The world’s largest investment management firm, BlackRock (NYSE: BLK), has disclosed a 5.4% ownership stake in biopharmaceutical company Sellas Life Sciences Group (NASDAQ: SLS). Specifically, the stake amounts to 5,686,886 shares, giving the investment giant voting control in the company, according to a Schedule 13G filing with the U.S. Securities Exchange Commission. Notably, BlackRock’s endorsement
Royal London Asset Management (RLAM) and M&G are gearing up to enter Europe’s rapidly growing active exchange-traded fund (ETF) market, a move that underscores the mounting pressure on traditional mutual funds amid rising fee competition. RLAM CEO Hans Georgeson said the firm would open a new office in Dublin over the next 18 months as