Asset management giant BlackRock is reportedly in talks with a number of cryptocurrency exchange platforms about using its proprietary token BUIDL as collateral for derivatives contracts. According to a new report from Bloomberg, anonymous people familiar with the matter said the world’s largest asset manager is exploring the idea of using BUIDL, a crypto asset associated with the company’s tokenized mutual fund, as collateral for trading derivatives contracts. . Launched in March of this year, BUIDL, which stands for BlackRock USD Institutional Digital Liquidity Fund, is a tokenized money market fund designed to provide blue-chip traders with a stable value…
Author: Crypto Flexs
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jack anderson October 16, 2024 19:01 Sui Foundation has updated its Request for Proposals program to provide new opportunities for developers to address ecosystem needs through rolling cohorts and flash RfPs. The Sui Foundation has announced important updates to its Request for Proposals (RfP) program designed to improve opportunities for blockchain developers within the ecosystem. According to Sui Blog, the revamped program aims to better serve the diverse needs of the Sui community through distinct long-term and short-term project categories. Program improvements The updated RfP initiative introduces two key components: Rolling RfP Cohorts and…
Helium’s daily chart is free of any major hurdles, which could help the asset rise smoothly. HNT’s open interest has increased by 7% in the last 24 hours, suggesting growing demand and interest from investors. Helium (HNT)Appeared at the time of reporting After retesting important support and breaking away from the downtrend line, we are all set for a massive rally. t as expectedHis move seems to have completely shifted sentiment from a downturn to an uptick. Technical Analysis of Helium According to AMBCrypto’s assessment, HNT strengthened after breaking out of the descending trend line that has been acting as…
Tony Kim October 16, 2024 19:22 GalaChain introduces the tokenization of Founders Nodes into NFTs, allowing for transferability and decentralized operations, improving user freedom and ecosystem trust. According to Gala News, in a significant development in the Gala ecosystem, Founder’s Nodes can now be tokenized as non-fungible tokens (NFTs) on GalaChain. These advancements increase the transferability of nodes, giving operators greater freedom and control.Founder’s Node LicenseHistorically, ownership of Founders Nodes was limited to an account-locked license that was not transferable between users. In April 2023, a proposal to tokenize Founders Nodes was approved, paving…
The $45 billion liquid staking sector is raising concerns among investors about the long-term price stability of the cryptocurrencies associated with these protocols. Liquid staking provides investors with more capital efficiency by providing the equivalent of an initial staking token that can be deployed across other decentralized finance (DeFi) applications.However, Liquid Stake Token (LST) may temporarily lose its price peg to Ether (ETH), according to Carlos Mercado, data scientist at Flipside Crypto research firm.Mercado told Cointelegraph:“The broader risk arises when a significant portion of Ethereum is staked. Floatingly staked tokens are not immediately redeemed, so during periods of high volatility…
Tony Kim October 17, 2024 15:23 BitMEX has launched the DBRUSDT perpetual swap, allowing traders to leverage up to 50x their deBridge tokens and is now available for trading. BitMEX has officially announced the launch of the new DBRUSDT perpetual swap, giving traders the opportunity to participate in deBridge tokens (DBR) using up to 50x leverage. According to the BitMEX blog, this new trading option became available on October 17, 2024 at 12:00 UTC. Trading Opportunity and Specifications The DBRUSDT perpetual swap allows traders to go long or short DBR tokens, providing flexibility in…
Eric Council Jr. Charged with conspiracy to commit aggravated identity theft and access device fraud. Last January, the SEC’s X account was hacked with posts claiming the agency had approved the first Bitcoin ETF. A day later, the SEC approved the first Bitcoin ETF. A 25-year-old man from Athens, Alabama, was arrested by the FBI on suspicion of hacking into the U.S. Securities and Exchange Commission (SEC) According to an announcement from the U.S. Attorney’s Office for the District of Columbia, Eric Council Jr. was indicted as part of a group that falsely posted messages claiming to have approved the…
Solana-based Dogwifhat and Bonk cooled after 50% monthly rally. Dogecoin recorded a strong trading volume of $2.29 billion on Spot in 24 hours. Dogecoin, with a 79% profit holder, is approaching two potential selling walls. Dogecoin (DOGE), the leading dog meme coin, is back at the top of the priority list in the altcoin rally, rising more than 10% in 24 hours. The largest proof-of-work (PoW) blockchain outside of Bitcoin (BTC) has hit a monthly high of $0.1355 and is very close to revisiting the three-month price milestone of $0.141.Is it possible for Dogecoin to reach $0.20?Solana-based Dogwifhat (WIF) often…
Bitcoin (BTC) hit a major breakout level on October 19 after “FOMO liquidity gains” were rejected at $69,000.BTC/USD 1-hour chart. Source: TradingViewBTC price closed at its highest daily level in four months.Data from Cointelegraph Markets Pro and TradingView shows that BTC price action has contracted since the last Wall Street trading session of the week.BTC/USD hit a three-month high within $69,000 on Bitstamp the day before and gave up its spontaneous rise.“Volume was low and bearish for this breakout,” popular trader Roman told his followers on “I still think we will come back down and consolidate before we go any…
Cardano (ADA), once considered a promising player in the cryptocurrency space, has recently been navigating turbulent times. The altcoin, known for its focus on scalability, interoperability and sustainability, has seen its price drop significantly, raising concerns among investors and traders alike. The challenges facing Cardano are multifaceted, including a widespread market downturn, increased scrutiny from regulators, and the threat of delisting from major exchanges. Despite these challenges, cautious optimism persists among derivatives traders betting on a potential price rebound for ADA. But with so many factors at play, the question remains: can Cardano weather the storm? With all this in…