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Apollo, an investment firm with over $730 billion in assets under management, is offering investors a new tokenized private credit fund with the help of security token specialist Securitize.Accessed via the Apollo Diversified Credit Securitize Fund (ACRED) feeder fund, the token is the first public on-chain offering for accredited investors
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Institution-focused digital asset technology and trading firm BlockFills is collaborating with CoinDesk Indices to launch options tied to the CoinDesk 20 Index (CD20).The CoinDesk 20 Index, which debuted a year ago, measures the performance of leading digital assets, catering to institutional demand for diverse tradable products beyond bitcoin (BTC) and
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The cost of using Avalanche, a DeFi-focused smart-contract blockchain, has slumped since the implementation of the Avalanche9000 upgrade on Dec. 16, sending the number of transactions up by more than a third.Since the upgrade, the proof-of-stake blockchain's usage fees known as gas have averaged roughly 75% less than in the
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Dutch bank ABN AMRO has conducted an onchain trade of tokenized assets against stablecoins alongside Germany-regulated 21X.The two firms completed a joint proof of concept (PoC) for the issuing of a token on the Polygon Amoy Testnet, which was listed as a trading pair with an e-money token, according to
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Abstract, the layer-2 network rolled out this week by Pudgy Penguins, is off to a muted start despite offering a series of incentives to new users.The network notched 711,000 user transactions on the day of release, but that respectable total has been overshadowed by a lack of inflows. Its total
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Shaurya MalwaShaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET,
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Spanish authorities are crediting the T3 Financial Crime Unit, a consortium made up of Tron, Tether, and TRM Labs, for helping take down a multinational European financial crime syndicate.According to Spain's Guardia Civil, the crime syndicate operated across multiple European jurisdictions, providing cash-to-crypto laundering services for criminal enterprises. T3 said
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Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Ben Schiller, CoinDesk’s Opinion and Features editor.In this issue:Movement Labs rolls out dev mainnetCardano hard forks to decentralized governanceSSV DAO unveils SSC 2.0Musk pushes blockchain in governmentNetwork NewsMOVEMENT LABS ROLLS OUT DEVNET: Blockchain
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Cardano, the layer-1 blockchain launched in 2017 by Ethereum co-founder Charles Hoskinson, activated its highly anticipated “Plomin” upgrade on Wednesday, ushering in the ecosystem's long-awaited move towards a decentralized governance system.With the Plomin upgrade now live, ADA token holders will be able to shape Cardano's future, including voting on treasury
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As expected, the U.S. Federal Reserve has kept its benchmark fed funds range rate steady at 4.25%-4.50%, the first pause since the central bank began easing policy last September.The accompanying policy statement noted that the unemployment rate had stabilized at a "low level" and inflation remained "somewhat elevated." The wording
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