Strategy, the world’s largest publicly traded Bitcoin holder, did not continue its purchases from last week and, as has been the case for a long time, spent this week without making any purchases. The company, which has been making headlines in recent weeks with its $BTC sales, currently holds 845,050 $BTC. Strategy Did Not Continue
Cathie Wood’s ARK Invest is becoming the clear frontrunner in the effort to launch the first tokenized investment funds in the U.S., according to reports. The update suggests that ARK Invest could outpace other competitors such as BlackRock and Fidelity if the Securities and Exchange Commission rolls out an innovation exemption that is linked to
Binance founder Changpeng Zhao on Tuesday said initial public offerings (IPOs) will move to blockchain, signaling deeper integration of traditional finance (TradFi) and the crypto industry. The infrastructure is already advancing as the US SEC pushes for tokenization, with Binance’s pre-IPO perpetual contracts on-chain seeing massive demand.
Bitcoin’s $BTC$78,356.11 rebound may have further to run as institutional investors caught on the wrong side of volatility trades are forced to cover their positions, according to Alexander Blume, founder and CEO of crypto asset manager Two Prime. Investors have repeatedly sold bitcoin calls, suppressing implied volatility and leaving themselves exposed when prices rise sharply,
Tokenized stocks are becoming increasingly relevant in the financial landscape, as highlighted by CryptoTwitter commentator @AerodromeFi. The emphasis on their productivity suggests a shift in how market participants perceive these digital assets. This growing acceptance could lead to further developments in tokenized trading platforms and investment opportunities. The Latest The broader crypto market is currently
While investor demand for U.S.-listed spot bitcoin $BTC$78,473.65 exchange-traded funds (ETFs) has rebounded in recent weeks, net flows for the year remain firmly in the red. A spectacular August brought in a massive $3.52 billion in fresh capital, followed by a solid $770.15 million so far this month, according to data source SoSoValue. While that
Won-denominated stablecoins could reduce South Korean merchants’ annual payment fees by between 370 billion won ($275 million) and 5.15 trillion won, the National Assembly Budget Office said. The parliamentary budget office’s analysis estimated the savings under different assumptions about how much card spending moves to stablecoin payments and the fees those systems charge. Stablecoins are
PwC Germany, Merck KGaA and The Hashgraph Group said they are testing a system to track cocoa production just months before European Union rules on limiting deforestation come into play as a precursor to a more extensive provenance-checking system. The system pairs physical markers on cocoa bags with records on the Hedera distributed ledger. The
The leading cryptocurrency, Bitcoin, is trading below the $80,000 level, influenced by upcoming US inflation data and increasing expectations of a Fed interest rate hike. After rising above $82,000 last week, Bitcoin gave back some of its gains following the strong employment data released on Friday. Markets are now focused on the Producer Price Index
Tether CEO Paolo Ardoino stated that the company continues to accumulate Bitcoin and gold while pursuing its strategy of expanding the dollar network globally. In a recent interview, Ardoino noted that Tether provides dollar liquidity worldwide through $USDT and holds a significant amount of US Treasury bonds. According to Ardoino, the company actively uses a