South Korea’s Shinhan Asset Management signed a memorandum of understanding (MOU) with tokenization-focused blockchain network Plume to develop a proof of concept for a Korean won-denominated tokenized fund. The pilot project will use a Shinhan won-denominated ultra-short-term bond fund as its underlying asset and BlackRock’s BUIDL tokenized fund as a benchmark to test the issuance
US-based investment firm VanEck stated that Bitcoin may be approaching the final stages of its current downtrend. In a recent analysis, VanEck noted that Bitcoin’s decline from a peak of approximately $125,000 to levels as low as $60,000 is consistent with the traditional cyclical bear phase seen in the post-halving period. In this context, VanEck
Strategy (MSTR) has pushed back against MSCI’s proposed methodology for identifying “non-operating companies,” which could result in the largest bitcoin treasury company being removed from the index provider’s global equity indexes. Strategy said on X, “Digital assets are assets. Index providers should measure markets, not decide which assets companies are allowed to own,” Strategy said.
Silvia, an AI-focused financial firm, has submitted applications for five new exchange-traded funds (ETFs), including a novel Bitcoin treasury mNAV discount fund. The filings were highlighted by Bloomberg Intelligence ETF analyst Eric Balchunas, who shared details on the proposed products via social media. What is the Bitcoin Treasury mNAV Discount Fund? The flagship filing is
Bitcoin has fallen from a record high of roughly $126,080 in October to trade recently in the low-$60,000s — a decline of nearly 50% that has rattled sentiment. But it may just be business as usual. According to a Thursday report from asset manager VanEck, Bitcoin’s current slump tracks the asset’s historical four-year halving cycle,
World Liberty Financial, the cryptocurrency project backed by the Trump family, delayed plans to sell a token related to a resort in the Maldives, Bloomberg reported on Friday. The token was planned to go on sale next year, giving investors a share of revenue from loans financing the Trump-branded resort, but this has been pushed
The uncomfortable secret of digital security isn’t that quantum computers are coming, it’s that nobody can prove today’s locks will work when they do. Yoon Auh, founder and CEO of BOLTS Technologies, holder of 37 patents in applied cryptography, told TheStreet Roundtable how his business is addressing this gap. BOLTS builds “crypto-agile, cipher neutral security
Bitcoin BTC$62,920.00 is under pressure again while $XRP ($XRP) teeters near $1 amid a cluster of unfriendly developments over the past 24 hours. Regulatory setbacks are leading the charge. Progress on the Clarity Act has stalled in the Senate, and the U.S. Securities and Exchange commission (SEC) is reportedly set to further delay its long-anticipated
Top publicly listed bitcoin holding firms, Strategy (MSTR) and Metaplanet (3350), are back in MSCI’s crosshairs, months after dodging the index provider’s crypto-specific exclusion rule. The finance company has opened a new consultation this month, proposing to identify and exclude “non-operating companies” from its Global Investable Market Indexes. The proposed classification would be based on
Goldman Sachs analyst Robert Kaplan stated that the Fed’s decision to keep interest rates unchanged in July was “absolutely correct,” adding that policymakers should approach the data coming in until September with transparency. According to Kaplan, the increasing complexity of the factors influencing the inflation outlook makes it risky for the Fed to adopt rigid