BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) expanded by about $1 billion between March 26 and June 11, representing roughly half of the $2 billion growth of the tokenized US treasuries market in the period. According to rwa.xyz data, BUIDL’s size is $2.89 billion as of June 11. It is the largest tokenized money fund, … Read more
Key takeaways: SOL’s futures open interest surged to a 2-year high, reflecting growing institutional interest. Rising competition from other blockchains and neutral funding rates continue to dampen SOL’s bullish momentum. Solana’s SOL (SOL) failed to hold its bullish momentum after gaining 10% between Monday and Thursday. The cryptocurrency has shown weakness after testing the $180 … Read more
Key Points: The Brazilian Chamber of Deputies is reviewing a bill to create a Bitcoin Sovereign Strategic Reserve. The plan involves using up to 5% of Brazil’s international reserves for Bitcoin purchases. This initiative aims to diversify assets, mitigate exchange rate and geopolitical risks, and support blockchain developments. The Brazilian Chamber of Deputies is reviewing … Read more
Coinbase announced the launch of its first credit card, the Coinbase One Card, on the American Express network during its State of Crypto conference. US Coinbase One Members Get First Dibs on the Bitcoin Rewards Card The card will offer up to 4% bitcoin ( BTC) back on purchases. Coinbase and fintech company Cardless are … Read more
The post Shocking Impact On Forex Markets And British Pound appeared on BitcoinEthereumNews.com. US Dollar Weakens: Shocking Impact On Forex Markets And British Pound Skip to content Home Forex News US Dollar Weakens: Shocking Impact on Forex Markets and British Pound Source: … Read more
In brief Stablecoin giant Tether has spoken of the importance of having gold in a portfolio. The El Salvador-based firm bought a substantial stake in a Canadian gold royalty firm. Tether also has a massive stash of Bitcoin, valued at approximately $10.7 billion. Stablecoin issuer Tether has acquired a stake in a gold company as … Read more
Bitcoin exchange-traded funds (ETFs) continued their recovery, posting a third consecutive day of inflows totaling $165 million, while ether ETFs broke records with their 18th straight day of gains, pulling in a remarkable $240.29 million. Crypto ETFs Shine As Bitcoin and Ether Funds Attract Over $400 Million The crypto ETF market kept its bullish rhythm … Read more
In an opinion piece published in Fortune, Franklin Templeton CEO Jenny Johnson wrote that the “advantages of blockchain are so compelling that we don’t foresee the shift to digital asset technology being slow or incremental,” echoing the growing positive sentiment some traditional finance institutions have toward crypto. “Indeed, we expect our industry will evolve more … Read more
EU countries gave the nod to additional tariffs on fertilizers and other agricultural goods from Russia and its ally Belarus to cut Moscow’s cash amid the raging war in Ukraine. The new duties are targeting products unaffected by previous punitive trade measures. They also aim to reduce the bloc’s dependence on Russian imports, seen as … Read more
Ethereum (ETH) futures open interest (OI) hit a record high (ATH) of $41 billion, overtaking Bitcoin ($BTC). This increase in open interest indicates traders’ confidence among investors and an increased interest in Ethereum, which suggests a possible bullish trend in the future. The analysts are now expecting more positive price action, some eyeing a price … Read more