Securitize, the brokerage firm for the tokenized BlackRock USD Institutional Digital Liquidity Fund (BUIDL), has submitted a Frax enhancement proposal to add BUIDL as backing collateral for the Frax USD stablecoin.According to the proposed enhancements, using BUIDL as a collateral reserve asset provides return opportunities, deeper liquidity and transfer options, and reduced counterparty risk thanks to the support of BlackRock, the world’s largest asset manager.The proposal is still subject to a community vote before BUIDL, which invests in U.S. government securities, is added as a reserve asset for the proposed Frax USD stablecoin.Tokenized real assets (RWAs) are gaining popularity as…
Author: Crypto Flexs
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Gud Tech, Zircuit’s First AI Expo Launch, Staking Value Exceeds $9M – Chainwire housenewsroomGud Tech, Zircuit’s First AI Expo Launch, Staking Value Exceeds $9 Million We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over…
A market buzz like no other.The cryptocurrency market is abuzz as the internet’s beloved meme coin, Dogecoin (DOGE), continues to make headlines. As speculation grew that DOGE could potentially surpass $10 during this bull market, investors are starting to pay more attention. Whether you are an experienced trader or new to cryptocurrency, now is the time to explore what can drive the price of Dogecoin and how you can make money.Dogecoin’s Journey: From Meme to Serious CompetitorLaunched as a joke and inspired by a viral meme in 2013, Dogecoin quickly established its own identity within the cryptocurrency space. Fast forward…
Bitcoin (BTC) is down about 8% for the week, but it is a positive sign that bulls have been aggressively buying the weekly lows. Following the recovery, analysts are divided on the next direction of movement. Some expect the correction to deepen, while others expect the upward trend to resume.Bitcoin’s rebound on December 20 failed to attract investors to U.S. spot Bitcoin exchange-traded funds. ETFs saw outflows of $617.9 million on Dec. 19 and $277 million on Dec. 20, according to Farside Investors data, suggesting profit booking by traders.Daily view of cryptocurrency market data. source: Coin360The next few days are…
The native token of a decentralized fiat stablecoin issuance platform is rebounding against falling cryptocurrency markets. Two days ago, Binance, the world’s largest cryptocurrency exchange by trading volume, added support for the Usual Protocol (USUAL). “Binance is pleased to announce that Usual (USUAL) will be added to Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures at the respective dates and times listed below.” According to a post on Usual’s social media platform “90% for the community: Usual is built to empower users with the most tokens for them. No venture capital (VC)/team dump: only…
The asset is at risk of losing its current support levels within the bullish pattern it is trading in, potentially leading to a deeper correction. The indicators show active participation from both long and short traders, but there is a clear direction. dogwifhat (WIF) was primarily weak with a monthly market performance of -43.11%. However, there are signs that the downtrend may stall in the upcoming trading sessions. WIF is likely to experience further price declines from current levels before the rally materializes. The 14.69% drop in the last 24 hours may widen further. WIF remains bullish, but there are…
The asset is at risk of losing its current support levels within the bullish pattern it is trading in, potentially leading to a deeper correction. The indicators show active participation from both long and short traders, but there is a clear direction. dogwifhat (WIF) was primarily weak with a monthly market performance of -43.11%. However, there are signs that the downtrend may stall in the upcoming trading sessions. WIF is likely to experience further price declines from current levels before the rally materializes. The 14.69% drop in the last 24 hours may widen further. WIF remains bullish, but there are…
Investors filed a lawsuit on December 19 against several entities involved in the launch of the Hawk Tuah (HAWK) memecoin, alleging that the defendants engaged in the promotion and sale of unregistered securities products.According to legal filings, defendants named in the suit include Tuah The Moon Foundation, OverHere Ltd, Clinton So and Alex Larson Schultz, who allegedly promoted Memecoin. The plaintiff’s attorney wrote:“HAWK’s pre-launch marketing framed the token as more than a speculative asset, portraying it as a cultural movement with significant growth potential. Welch’s involvement and reputation as a trusted public figure gave her followers and potential investors the…
Ethereum is heading towards a potential $6,000 price range and Shiba Inu is poised to make some serious gains. Meanwhile, another low-cost cryptocurrency is making waves. Priced at just $0.001333, this altcoin could reach $10 before other coins reach their goal. The rapid rise is capturing market attention and generating excitement. An all-sports meme token that can’t afford to sit on the bench! XYZ is your exclusive VIP pass. Sports-centric, meme-based revolution. Consider Degens the MVP of the XYZVerse ecosystem that can score big. Growing Demand for Meme Coins Picture this: Polymarket hits. Trading volume: $1 billion During the US…
Amid a decline in general cryptocurrency market prices last week, Ethereum (ETH) recorded a price correction of over 19.5% and found support at the local bottom at $3,100. Since then, the prominent altcoin has shown a slight resilient rise of over 5% in the last two days. However, recent data on wallet activity provides plenty of cause for optimism about Ethereum’s long-term future. Ethereum HODL increases supply dominance to 16%. In a recent QuickTake post, CryptoQuant analyst MAC_D shared some positive insights about the Ethereum market. Cryptocurrency market experts reported that cumulative Ethereum address balances surged by 60% from August…