The Shopification of Wealth

Just as Shopify democratized e-commerce, enabling millions to open online stores, on-chain rails are poised to lower the barriers to entry in the financial advisory business, says Miguel Kudry. Source

The Wealth-Building Alternative to Real Estate for Millennials and Gen Z

In Hong Kong, for instance, parents who fully own their property are likely to be millionaires already, even if it’s just a tiny one-bedroom apartment. However, for younger generations, including millennials and Gen Z, the ultra-high property prices aren’t just a challenge — they’re a significant financial burden. Many of these owners are weighed down with long-term mortgages that have high interest rates, and are thus struggling to ascend the social ladder. In other words, rapid urbanization means that younger individuals are unlikely to build the same level of wealth…

Crypto Whale Turns $2 Into Over $100 Million: Here’s How

Este artículo también está disponible en español. Murad Mahmudov has (once again) garnered major attention in recent weeks, establishing himself as one of the leading crypto analysts—analogous to Keith Gill, also known as “Roaring Kitty,” in the stock market. Mahmudov has reportedly transformed an initial investment of just $2 into a fortune exceeding $100 million over the past five years. This astounding feat was detailed by Pix (@PixOnChain), an advisor to Mintify and researcher at Jirasan, and further analyzed by crypto analyst Rekt Fencer (@rektfencer) on X. This is Murad…

State Street Works on Tokenized Bonds and Money Market Funds, Has No ‘Current Plans’ of Stablecoin Project: Report

Traditional finance heavyweights and global banks are getting increasingly involved in the tokenization of traditional financial instruments, or real-world assets (RWA), placing bonds, funds, credit or commodities onto blockchain rails. The process promises operational benefits such as increased efficiency, faster and around-the-clock settlements and lower administrative costs. Source

VanEck launches $30m fund for crypto and AI startups

VanEck has announced the launch of VanEck Ventures, a $30 million early-stage fund focused on fintech, digital assets, and artificial intelligence.  The fund will support pre-seed and seed-stage startups, with investment amounts ranging from $500,000 to $1 million per project. VanEck is a global investment firm managing $115 billion in assets. Led by former Circle Ventures heads Wyatt Lonergan and Juan Lopez, the fund aims to identify and back 25 to 35 startups that offer both financial and strategic upside. Lonergan and Lopez bring a wealth of experience from Circle,…

$6 Million ETH Sale: Ethereum Foundation Joins Whale Liquidation Frenzy

The Ethereum Foundation was at the center of attention recently concerning a liquidation plan it has set in place to sell parts of its Ether balance. According to the on-chain tracker Lookonchain, a wallet linked to the foundation moved 2,500 ETH, valued around $6 million, to the exchange Bitstamp on October 8, 2024. This is part of an increasing trend in which large holders, colloquially known as “whales,” are selling their holdings in the face of this volatile market environment. A whale deposited 11,456 $ETH($27.8M) to #Binance in the past…