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The company has earmarked the funds for expansion, creating private funds for institutional investors and crafting a framework for tokenized public funds that U.S. clients can access. Source
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The aim of the project was to allow wealth managers to tokenize funds and to be able to purchase and rebalance positions in tokenized assets across multiple interconnected chains. Original Source
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"The opportunity is potentially much greater than just enabling new capital to access the crypto market," as ETFs "will ease the restrictions for large money managers and institutions to buy and hold bitcoin, which will improve liquidity and price discovery for all market participants," wrote David Duong, head of institutional
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Friday's legal complaint filed in Delaware targets Bybit Fintech Ltd., its investment arm Mirana and several individuals, including Mirana executive Sean Tan. It alleges the investment unit "received gross transfers from FTX.com of digital assets currently valued at approximately $838 million," of which about $500 million were transferred in the
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Speaking to CryptoX earlier this week, Matt Hougan, Bitwise Asset Management’s Chief Investment Officer, suggested things have a long way to go before the spot ETF approval is priced in. Even with all the news hitting of late, it's Hougan's contention that the majority of financial advisors continue to believe
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Bitcoin (BTC) funds still dominate the asset class, bringing in most of the inflows, some $229 million last week and $842 million this year. This is likely supported by the growing odds of a spot-based bitcoin ETF getting an approval in the U.S. and some softer macroeconomic data, Butterfill explained. Source
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A recent attack compromised Monero’s community crowdfunding wallet, wiping out its entire balance of 2,675.73 Monero (XMR), worth nearly $460,000.The incident took place on Sept. 1 but was only disclosed on GitHub on Nov. 2 by Monero’s developer Luigi. According to him, the source of the breach has not been
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Friday's proposal, which details how regulated firms must only put customer assets into an expanded list of the most liquid of investments, doesn't consider "the context of a non-intermediated clearing model where the DCO offers direct client access to its clearing services, without the FCM as an intermediary," said CFTC
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FTX, despite its bankruptcy, is making substantial moves in its token portfolio, leading to speculations of imminent asset sales. In the last few days, FTX, the bankrupt digital currency exchange founded by Sam Bankman-Fried, has undertaken a substantial rearrangement of its token portfolio. The movements come after a U.S. bankruptcy court granted
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The round was led by Variant and 1kx, and includes participation from Inflection, Bankless, Stanford and others. Angel investors include names in the blockchain ecosystem like the Ethereum Foundation, Worldcoin, Polygon, Celestia and Solana, according to Modulus. Original Source
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