“Through its key strategic partnerships and unique, multi-chain structure, Avalanche is playing a pivotal role in the advancement of RWA tokenization,” said Grayscale’s head of product and research, Rayhaneh Sharif-Askary, in a statement, referring to the process of creating a way of trading real-world assets on-chain. Source
“For us, why we’re very excited to have Franklin Templeton’s Benji app and platform deployed on Avalanche is really twofold,” said Morgan Krupetsky, Head of Capital Markets and Institutions at Ava Labs. “On the one hand, the money market funds contract in and of itself and potentially as a payment mechanism represents a foundational and fundamental piece to a broader tokenized asset ecosystem and capabilities.” Source link
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) marked their fifth straight day of inflows, adding $39.42 million to their gains. Meanwhile, the spot ether ETFs experienced a dip, losing $17.97 million during the day’s trading. Spot Bitcoin ETFs See Fifth Day of Inflows, Ether ETFs Hit by $17M Outflows Collectively, the 12 spot bitcoin […] Source BitcoincryptoexchangeExchanges CryptoX Portal
XRP price is consolidating gains above the $0.5850 level. The price could start a major increase if it clears the $0.6150 resistance zone. XRP price is eyeing a fresh increase from the $0.5850 level. The price is now trading above $0.5980 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.600 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.6150 resistance zone. XRP Price Aims Higher XRP…
One year ago, HashKey Capital forecast that ether liquid-staking derivatives would double from their August 2023 total value locked to $44 billion by August 2025. Halfway through, it looks like things are on track. The TVL of Ether LSDs hit $36.25 billion, with Lido claiming a 70% market share, according to data from DeFiLlama. Despite relatively stagnant ETH prices recently, demand for staking continues to rise, with the validator entry queue surging to an all-time high of around 7,400, HashKey Capital analysts wrote in a note to CoinDesk. “However, annualized…
Crypto over-the-counter (OTC) desks, which act as an intermediary between two trading parties without revealing information about the trade to the public, now hold 368,000 bitcoin (BTC) worth over $22 billion, according to data tracking firm CryptoQuant. Original
Ripple’s XRP is on a rampage, breaking through a key resistance level of late. The move has analysts eyeing the crypto asset for a potentially big gain, with many, like Bret Hill, suggesting as such. Related Reading Meanwhile, Pastor Brandon Biggs is doing rounds on social media with his “prophetic” prediction of an “overnight” surge in the price of XRP. Against this backdrop, XRP is currently trading at the level of $0.603, which is a 4% in profit over the past 24 hours. Over a seven-day period, the digital asset…
Ethereum price is consolidating above the $2,550 resistance. ETH could gain bullish momentum if it clears the $2,650 resistance zone. Ethereum is struggling to gain pace for a move above the $2,650 level. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $2,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above $2,650. Ethereum Price Starts Consolidation Ethereum price remained stable above the $2,550…
A crypto address linked to the $305 million DMM Bitcoin hack in May has reportedly moved 500 Bitcoin, which have an estimated value of $30.4 million. According to PeckShield Alert, the suspected address first moved the Bitcoin (BTC) to two addresses, each receiving approximately 250 BTC. The funds are suspected of being part of the 4,502.9 BTC stolen from the Japanese crypto exchange DMM Bitcoin in May. The stash was then valued at about $305 million, but it would be worth just north of $274 million at current rates. Soon after the attack,…
Hackers recently took control of McDonald’s official Instagram account to promote a fraudulent Grimace meme coin, successfully scamming users out of $700,000 in Solana. The attackers also compromised the personal X account of McDonald’s Senior Marketing Director to further spread the scam. Grimace Coin, originally created as a meme token inspired by a social media […] Source CryptoX Portal