Tokenization adoption will happen in waves led by assets such as mutual funds, bonds, loans, McKinsey said in a report. Source
McKinsey Sees Just $2T of Tokenized RWAs by 2030 in Base Case, With Broad Adoption 'Still Far Away'
Day: June 21, 2024
XRP Exhibiting Unusual On-Chain Behavior, How Will This Affect Price?
Data shows XRP is currently exhibiting an interesting on-chain behavior amidst a broader market uncertainty. This unusual behavior was highlighted by CryptoQuant, a crypto on-chain analytics company. The peculiar behavior is noteworthy because it is associated with a growing open interest in XRP in comparison to other cryptocurrencies, suggesting XRP is primed for a major price move. XRP Open Interest Surges According to CryptoQuant data initially noted by an analyst associated with the analytics platform, recent news involving the SEC and Ripple, XRP’s parent company, has seen the open interest…
The Best Audiobooks for Roadtrips of Any Length
A vacation is a great excuse to dive into a good book. This summer, consider listening to one instead. The 26 best audiobooks for road trips as selected by TIME include a deep dive into Dolly Parton’s songwriting, a celebrated Ann Patchett novel, and a collection of Agatha Christie’s greatest mysteries. Those looking to upgrade their travel playlists can revisit a childhood classic narrated by Anne Hathaway or enter Sarah J. Maas’s multiverse of romantasy. Catch up on recent notable releases from Silvia Moreno-Garcia, Hanya Yanagihara, and George Saunders. Let…
Standard Chartered Set to Launch Spot Crypto Trading for Bitcoin, Ethereum
The British multinational banking and financial services firm Standard Chartered is initiating a spot cryptocurrency trading platform for bitcoin and ethereum, Bloomberg sources reveal. Sources Say Standard Chartered Ready to Launch Bitcoin and Ethereum Trading Operations On June 21, Bloomberg’s Emily Nicolle cited sources knowledgeable about the plans, stating that Standard Chartered is on the […] Original
Billionaire Tech CEO Michael Dell Signals Bitcoin Interest Via Michael Saylor Retweet
As first CEO and now executive chairman at MicroStrategy, Saylor has not only led that company to its acquisition of 226,331 bitcoin worth $15 billion over the past almost four years (the latest being the acquisition of 11,900 BTC just this week), but he’s also evangelized for other corporations to follow suit with their own balance sheets. Original
Uniswap A Retailer’s Hub? Average Trade Sizes Fall From $30,000 to $1,000 In 2 Years
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com,…
Statement in response to Synnovis cyber attack
An ICO spokesperson said: “While we are continuing to make enquiries into this matter, we recognise the sensitivity of some of the information in question and the worry this may have caused. “We would urge anyone concerned about how their data has been handled to check our website for advice… Source
Fifth Day of Outflows Hits US Bitcoin ETFs With $139 Million in Losses
U.S. spot bitcoin exchange-traded funds (ETFs) experienced their fifth consecutive day of outflows on Thursday, losing $139.88 million. Grayscale’s Bitcoin Trust (GBTC) led the decline with a $53 million reduction, followed closely by Fidelity’s (FBTC) $51 million loss. U.S. Bitcoin ETFs Experience Sustained Outflows The 11 spot bitcoin ETFs reported $1.16 billion in trade volume […] Original
Fantom Foundation Allocates $120 Million to Accelerate Migration to Sonic
The Fantom Foundation has unveiled a treasury allocation of 200 million FTM, approximately $120 million USD, to expedite the migration of partners to its new Sonic network. This allocation includes native application grants, strategic grants to decentralized applications (dapps), and first-class infrastructure tools and partners for developers and users. The Foundation is said to be […] Source CryptoX Portal
Bitcoin’s recent weakness signals an imminent S&P 500 correction, according to Stifel
Bitcoin’s recent weakness could be signaling an upcoming correction in stocks, according to Stifel’s chief equity analyst Barry Bannister. Bitcoin reached its all-time high of $73,797.68 on March 14 before quickly correcting and it has struggled to hold the $70,000 mark since, barring a handful of blips. On Thursday, the S & P 500 briefly touched 5,500 for the first time ever after notching its most recent record close earlier in the week. Historically, the S & P 500 averages flat for about six months after bitcoin peaks and past…