The RWA market grew by leaps and bounds in the last quarter. Tokenized government bonds, including BlackRock’s USD Institutional Digital Liquidity Fund, Superstate’s Short Duration US Government Securities Fund, and Ondo’s USDY, grew 41% to approximately $1.3 billion, driven by significant institutional interest and innovative product launches. Let us summarize the key developments and trends in the sector.
Author: Crypto Flexs
Read More
Ethereum (ETH) price continues to underperform Bitcoin’s 2024 gains, but Glassnode analysts suggest there could be brighter days ahead.“Weak capital turnover” is behind Ether’s price underperformance.Data from Cointelegraph Markets Pro and TradingView shows that Ethereum has underperformed Bitcoin over the past two years, causing the ETH/BTC ratio to weaken, reaching $0.04622 on May 1, its lowest since April 2021. ETH/BTC weekly chart. source: TradingViewGlassnode said Ethereum’s underperformance this cycle compared to Bitcoin was due to a “measurable lag in speculative interest” in the STH cohort.The report defines the short-term holder group as “investors who have acquired coins within the past…
May 7, 2024 Los Angeles, USA, Chainwire Global brands and talent can use Ethernity’s technology to store their IP on chain and engage with fans through next-generation content and experiences. Ethernity, the renowned platform for authenticated and licensed NFTs with icons such as Lionel Messi and Shaquille O’Neal, announces a breakthrough into its pioneering layer 2 solution on the Ethereum blockchain. This evolution is poised to transform the web3 entertainment landscape by directly addressing the challenges faced by major brands like Amazon, Marvel, and Warner Brothers as they embrace blockchain technology. Ethernity’s interactions with global entertainment brands revealed significant barriers…
The Solana Renaissance Hackathon highlighted innovative projects. The event was attended by 8,300 people from over 95 countries. Winning projects include gaming, DeFi, DAOs, and decentralized networks. The Solana Network is attracting global attention as a hub for Web3 innovation. The growing focus on performance and ecosystem provides fertile ground for decentralized application (dApp) development.This was evident at the recent Solana Renaissance Hackathon, where over 8,300 participants from 95 countries submitted over 1,000 projects. Ore takes first place and Banger.lol takes the consumer app On Monday, May 6th, the Solana Foundation revealed the Renaissance Hackathon winners. The event attracted over…
press release. Austin, Texas, May 7, 2024 – In less than four weeks, independent presidential candidate Robert F. Kennedy Jr. will be hosting the world’s largest, longest-running, and most influential gathering in Austin, Texas. We are scheduled to go on stage at Consensus 2024. It brings together all aspects of the cryptocurrency and Web3 communities. As an environmental lawyer (…)
web3 fintech company MoonPay and cryptocurrency payment platform BitPay are collaborating to simplify cryptocurrency transactions and make the process more seamless. MoonPay announced on social media that the partnership will make selling cryptocurrencies easier and faster and simplify the way users transfer cryptocurrencies to their bank accounts or debit cards. The goal of the integration is to simplify the digital financial landscape and provide accessible payment solutions to help cryptocurrency users navigate and transact more efficiently. BitPay expanded its platform last January by supporting a wide range of cryptocurrencies such as Uniswap (UNI), Chainlink (LINK), and BNB. This allowed customers…
Pessimism surrounding the U.S. Securities and Exchange Commission’s (SEC) approval of a spot Ethereum ETF is expected to increase. selected Invesco Galaxy’s decision on the approval process for its ETH spot ETF was delayed, adding to uncertainty in the cryptocurrency market. SEC Withdraws Invesco’s Ethereum Spot ETF Invesco Galaxy in October last year contaminated Proposed rule changes for listing and trading shares of a commodity-based trust, the Ethereum Spot ETF, with the SEC pursuant to the Securities Exchange Act of 1934 and Rule 19b-4 thereunder, published in the Federal Register in November. Invesco Galaxy Ethereum Spot ETF By maintaining ETH…
U.S. authorities have identified and charged the mastermind behind LockBit, a massive ransomware operation that extorted $500 million from victims. He faces more than 20 criminal charges. According to the 26-count indictment unsealed Tuesday, Dmitry Khoroshev, 31, served as a “developer and administrator” who led LockBit’s code development and recruited affiliates to distribute ransomware to victims. The alleged cybercriminals received 20 percent of each ransom for their role in the scheme, which netted them $100 million in cryptocurrency over about four years, the U.S. Department of Justice said in a statement Tuesday. “Today’s indictment highlights the FBI’s continued disruption of…
Binance, a famous cryptocurrency exchange, recently completed dYdX (DYDX) mainnet integration. According to an announcement on the Binance Support Center, users can now deposit DYDX tokens. However, withdrawals are only possible if there are sufficient deposits on the network. Binance guarantees that users will not be notified separately regarding the initiation of withdrawals. Binance’s dYdX (DYDX) mainnet integration provides users with the opportunity to participate in a variety of activities related to the DYDX token. This includes trading, investments and other interactions within the dYdX ecosystem. Binance aims to provide users with a seamless and…
join us telegram A channel to stay up to date on breaking news coverage Michael Saylor’s MicroStrategy stock could be “meaningfully higher” by the end of the year, TD Cowens said, as Bitcoin ETFs are more adopted by institutions and regulators are likely to reject the Ethereum ETF. One catalyst for Bitcoin prices and MicroStrategy stock could come on May 15, the deadline for institutional investment managers to file Form 13-Fs with the Securities and Exchange Commission (SEC). Analyst Lance Vitanza said in a May 6 note: If more institutions appear to have purchased Bitcoin exchange-traded funds (ETFs), according to…