Blockchain-based real world asset (RWA) specialists Centrifuge and Plume have launched the Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX), backed by a $50 million anchor investment from Grove, a credit infrastructure protocol within the Sky Ecosystem. The fund gives blockchain investors exposure to Apollo’s diversified global credit strategy, spanning direct corporate lending, asset-backed lending and
Galaxy Digital (GLXY), the digital asset investment firm led by Mike Novogratz, is planning to release a tokenized money-market fund, according to two people familiar with the plan. The New York City-based company is aiming to bring a more crypto-native twist to the range of traditional finance-led tokenized fund offerings, such as BlackRock’s BUIDL and
Gemini Space Station (GEMI), the crypto exchange founded by Cameron and Tyler Winklevoss, has seen its shares tumble by more than 20% since listing on the Nasdaq last Friday. The stock is down around 6% on Tuesday, trading at $30.42, and has dropped nearly 24% over the past week. The sharp decline follows an initial
Crypto trading firm Keyrock said it’s expanding into asset and wealth management by acquiring Turing Capital, a Luxembourg-registered alternative investment fund manager. The deal, announced on Tuesday, marks the launch of Keyrock’s Asset and Wealth Management division, a new business unit dedicated to institutional clients and private investors. Keyrock, founded in Brussels, Belgium and best
Economist and The Bitcoin Standard author Saifedean Ammous has warned that Argentina’s financial system is on the brink of collapse, calling President Javier Milei’s economic program a “debt and inflation Ponzi” propped up by unsustainable bond yields and money printing. In a post on X, Ammous argued that Argentina’s government has created a financial system
Tomorrow is a critical day for Bitcoin (BTC), cryptocurrencies, and global markets. The Fed will announce its September decision tomorrow. While the market is certain that the Fed will cut interest rates, there’s speculation about whether a surprise 50 basis point decision will be made. It is stated that a surprise decision of 50 basis
Blockchain venture studio Thesis*, has appointed Victoria Chan as its new chief operating officer, the company said in a press release Tuesday. The new appointment is part of a push to scale the company’s BitcoinFi ecosystem, and follows the launch of Mezo in May and Thesis’ acquisition of Bitcoin rewards platform Lolli last month. Chan,
The recent steep decline in the market-to-net-asset value (mNAV) of companies that hold large amounts of digital assets is amplifying market anxiety. On Monday, Standard Chartered Bank warned that the falling mNAV of small to mid-sized digital asset treasury (DAT) companies is heightening market risk. Shifting Landscape for DAT Firms DAT firms are publicly traded
M2, the Abu Dhabi based regulated crypto exchange, has dropped its previous business model and is now focusing on being a digital asset wealth management platform. The firm which is backed by UAE sovereign wealth fund ADQ, with shares also owned by Phoenix Group, has changed its business plan and will now focus on serving