Blackrock’s BUIDL Fund Reaches $500M Milestone; Tokenized Treasuries Tap $1.8B

According to the latest data, Blackrock’s BUIDL fund on Securitize has surpassed $500 million, becoming the first tokenized money market fund to reach this milestone. This achievement coincides with the value of tokenized U.S. Treasuries reaching $1.81 billion. Half Billion Milestone for Blackrock’s BUIDL Fund This week, Blackrock’s USD Institutional Digital Liquidity Fund, also known […] Source CryptoX Portal

Crypto Whales Buy The Dip As $22 Million In XRP Flows Out Of Binance

XRP is starting to recover after bouncing off $0.405 on July 5, suggesting the early stages of a rebound may be brewing. The crypto market has been volatile lately, and XRP hasn’t been spared. The crypto’s price took a dip recently, dropping below $0.40 for the first time in over a year. It is interesting to note that on-chain data suggests that some whales may be accumulating in anticipation of a major comeback, which may even be responsible for the bounce off of $0.40.  XRP Whales Buying The Dip? Various…

Solana Token Soars 350% After Messi and Ronaldinho’s Promotion

On Monday, professional football player Lionel Messi promoted a Solana-based memecoin to his 504 million Instagram followers. The Argentine player shared a link to Watercoin (WATER), propelling the token by 350%. The crypto community has expressed concern about Messi’s endorsement of the project. Related Reading Global Football Stars Promote WATER Lionel Messi, one of the best players in football history, promoted a Solana project named Watercoin. The football player’s Instagram account shared an image of Messi with the project’s logo and a link to its Instagram page. Following the post,…

Bitcoin mining company TeraWulf pays off debt, eyes AI expansion

Bitcoin mining company TeraWulf Inc. has repaid its remaining $77.5 million term loan ahead of schedule, eliminating all its outstanding debt.  This move grants the company greater financial flexibility to capitalize on the growing demand for energy infrastructure, particularly for powering generative AI technology. The company said on Tuesday that it plans to capitalize on generative AI to reduce funds and outflows. TeraWulf’s shares have more than doubled this year, bolstered by the rising demand for AI hosting. This success follows a trend with other Bitcoin miners, such as Core…

Nigeria’s Finance Minister Urges SEC to Tackle Challenges in Regulating Cryptocurrency

The Nigerian Finance Minister, Wale Edun, has urged the newly inaugurated board of the country’s Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies. He emphasized the need for stringent oversight to maintain market integrity in the capital market. Edun also highlighted the importance of staying informed and adaptable, especially in fast-evolving […] Source

Javascript Is Coming to Tezos X Blockchain

Tezos X announced the development of Jstz (pronounced “justice”), a Layer 2 rollup that will allow developers to use Javascript, a programming language used by nearly 23 million developers worldwide, on the blockchain. This move is aimed at scaling the utility of blockchain and attracting more developers to the space by removing the hefty barrier […] Source CryptoX Portal

It’s Not Germany Selling Bitcoin (BTC). It’s One of Its States and It Has No Choice.

In most cases, confiscated assets can only be transferred or sold with the proceeds going to the state budget once a judge rules that the state is allowed to do so, which isn’t the case in this particular situation. However, states can request to initiate an emergency sale, which could be issued if the asset’s value might quickly lose value or is difficult to store, for example, Ante explained. Source