Fidelity Investments has rolled out its tokenized money market fund on the Ethereum ETH$4,353.20 blockchain, marking the Boston-based investment management giant’s entrance in the rapidly growing tokenized asset field. Some $202 million in Fidelity Digital Interest Tokens (FDIT) were minted blockchain in early September, blockchain data on Etherscan shows. FBIT is the token representation of
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a significant influx of capital on Monday, reversing two days of consecutive outflows. The $368.25 million net inflow was the largest single-day inflow since August 8, according to SoSoValue data. With none of the twelve spot Bitcoin ETFs recording outflows, data pointed to renewed conviction from institutional investors. Fidelity’s
Just as a tense bow string pulled tightly releases energy in a sudden powerful snap, bitcoin BTC$112,640.82 seems to be building energy for wild price swings in October, mirroring a pattern from 2023. The crypto market has been boring lately, with bitcoin trading back and forth between $110,000 and $120,000. That has dented volatility expectations.
Bitcoin Core devs falsely claimed this week that almost 40% of Knots nodes — Core’s biggest competitor — had been double counted, giving a false impression of its actual size. Citing a technical critique of the number of reachable nodes running Knots, they alleged (before deleting many of their posts) that as much as 39%
Could Bitcoin and Ethereum new highs come before 2025’s close? Total assets in US money market funds climbed to a record $7.26 trillion for the week ending September 3, a seven-day jump of about $52.37 billion, according to data from the Investment Company Institute (ICI). ICI’s weekly report to the Federal Reserve, released Tuesday, shows
Stablecoin issuer Tether is one of the largest corporate accumulators of Bitcoin over the last 12 months, adding more coins to its treasury than nearly all spot exchange-traded funds (ETFs). On Sept. 8, Tether CEO Paolo Ardoino shared data showing that the stablecoin issuer secured more than 27,700 BTC in the past year. Of that
The clash between Wall Street and the crypto sector over yield-bearing stablecoins is intensifying in Washington. The stablecoin industry needs more options for offering yield to users, according to Will Beeson, founder and CEO of RWA liquidity layer Multiliquid and Uniform Labs, and former head of tokenized asset infrastructure at Standard Chartered. “In a competitive
In September 2025, gold extended its fourth consecutive week of gains and set a new record high at $3,659 per ounce. Bitcoin investors eagerly watched, waiting for BTC to follow as the correlation between the two assets drew more attention. However, capital flows may present a more complex picture. The rally in precious metals is
Billionaire venture capitalist Chamath Palihapitiya warns that the Fed is on track to repeat past mistakes this year amid flawed data and slow policy responses. Palihapitiya says on the social media platform X that the Fed has a track record of being late when it comes to adjusting interest rate policy based on changing economic
Ronin Network, the blockchain behind the famous game Axie Infinity, is making a major change. According to Cointelegraph, Ronin is moving to Ethereum’s Layer 2 using Optimism’s OP Stack. This upgrade promises 15 times faster transactions, better security, and a connection to a bigger network called the Superchain, which includes platforms like Base and Uniswap.