Ondo Finance has introduced a way for eligible institutions to convert stocks and exchange-traded funds directly into their tokenized equivalents, or redeem the tokens for the underlying shares. Under the new system, approved institutions can transfer shares from their Alpaca accounts to Ondo through an internal book transfer, with corresponding Ondo Stocks tokens then issued
Smaller Bitcoin Wallet Groups Contract Before Breakout Smaller bitcoin holders appear to have reduced their exposure before the cryptocurrency recovered above $85,000. Onchain analytics platform Santiment reported on X on Sept. 21 that 62,335 wallets holding between 0.1 and 1 $BTC disappeared during the July-August shakeout, along with 7,159 wallets containing between 1 and 10
Bitcoin is often described through its strongest narratives: digital scarcity, decentralization, protection from inflation, and an alternative to the traditional financial system. These are all valid interpretive keys, but none of them alone is enough to explain price behavior. To understand Bitcoin’s performance, especially in the short and medium term, we also need to look
Bitcoin ($BTC) spiked above $86,000 after Monday’s Wall Street open as US stocks rose amid cooling oil prices. Key points: Bitcoin gained nearly 6% on Monday to briefly trade above $86,000 for the first time since late January. Crypto short liquidations totaled almost $800 million in 24 hours as analysis called the start of a
Bitcoin is following a similar trajectory seen in 2022-2023, according to the latest observation by Doctor Profit. The analyst said that the latest move above the 50-week moving average, in particular, set the stage for the breakout toward the $82,500-$83,000 area, which took place over the past several hours. 2022-2023 Structure Is Repeating The MA50
The Securities and Exchange Commission (SEC) opened a new path for tokenized stock trading in the U.S. last week, adding momentum to a technology that has swept through financial markets over the past year. TD Cowen, however, doesn’t expect investors to rush through the door. The agency’s new Innovation Exemption creates a five-year framework for
Crypto ETF Buyers Reverse Midweek Selloff The closing bell told a very different story from the middle of the week. Bitcoin ETFs entered Friday nursing more than $426 million in weekly redemptions. Hours later, a $433.03 million surge had dragged the category back into positive territory, leaving the five-session total at $6.21 million. That dramatic
Bitcoin ($BTC), the world’s largest cryptocurrency, managed to surpass $86,000 after starting the week with a strong gain. According to CoinGlass data, Bitcoin is currently trading at $85,683. It has seen a 6% increase in the last 24 hours, and $BTC tested levels above $86,000 during the day. With this latest move, Bitcoin surpassed its
The European Central Bank (ECB) plans to invest a small portion of its reserves in tokenized securities, giving the central bank direct exposure to blockchain-based financial markets. The purchase would be settled through Pontes, the new Eurosystem platform, which allows wholesale transactions to settle in central bank money. The platform essentially bridges the ECB’s payment