Citigroup has initiated the search for a director of digital asset client solutions, signaling continued commitment to building out its institutional digital asset offerings. The role, first reported by Cointelegraph, will be responsible for overseeing digital asset products for institutional investors, including crypto custody, tokenized assets, tokenized cash, and digital collateral. Why Citigroup is expanding
Circle CEO Jeremy Allaire said the cryptocurrency market is moving beyond speculation toward a structure centered on trading tokenized assets. During Circle’s earnings call, Allaire emphasized that the market is entering a phase of transition, supporting a wide range of assets such as equities and commodities through tokenization. The company reported second-quarter revenue of $701
A Historic Crash, Triggered by a Chip Shock The KOSPI’s July decline surpassed the single-month drops recorded during the 1997 Asian Financial Crisis and the 2008 Global Financial Crisis, making it the worst month in the index’s history. The rout deepened most recently starting July 28, when news that China had begun mass production of
Binance Dominates the Futures Battlefield Binance controls the largest share of bitcoin futures open interest, according to Coinglass.com futures stats logged on Wednesday. The total value of contracts still outstanding is 148,500 $BTC worth $9.61 billion. CME ranks second at 102,840 $BTC, or $6.66 billion, after posting a 6.82% jump in just one day. MEXC
Alpaca, a provider of brokerage infrastructure for digital assets and securities, has raised $435 million in a new funding round, as reported by The Block. The investment underscores growing demand for technology that enables financial institutions to offer tokenized trading and investment services. Funding Details and Strategic Focus The round brings Alpaca’s total funding to
Cardone Capital, the U.S. real estate investment firm led by Grant Cardone, has increased its Bitcoin holdings to more than 2,800 $BTC, according to a post on X by the company’s founder. The announcement follows the acquisition of a 282-unit apartment property in Naples, Florida, which the firm says is part of a hybrid strategy
Quantum computers won’t erase Bitcoin, Ethereum or any other chain overnight, but they will eventually break specific pieces of math that almost every blockchain depends on. That distinction matters. A recent technical breakdown published by StarkWare, the company behind Starknet, argues that the real quantum risk blockchain networks face isn’t a blanket doom scenario —
The total market capitalization of euro-denominated stablecoins has climbed above $810 million as of Aug. 5, according to data from blockchain analytics platform Token Terminal. Circle’s $EURC leads the sector with a 65% market share, underscoring the growing demand for euro-backed digital assets in the crypto economy. $EURC Leads, But Competition Is Emerging $EURC, issued
Closing the Gap on Reserve Reporting AEREDIUM Holdings was recently granted a U.S. patent for an artificial intelligence (AI) system designed to continuously audit digital asset reserves in real time, aiming to replace traditional accounting attestations with automated oversight. The United States Patent and Trademark Office issued U.S. Patent No. 12,694,407 B1 on July 29.