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BlackRock’s BUIDL Becomes Largest Tokenized Treasury Fund Hitting $375M, Toppling Franklin Templeton’s

BlackRock’s BUIDL Becomes Largest Tokenized Treasury Fund Hitting $375M, Toppling Franklin Templeton’s

BlackRock’s first tokenized offering, created with Securitize, has captured almost 30% of the $1.3 billion tokenized Treasury market in just six weeks.

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Ether and bitcoin derivatives traders are losing confidence in the potential for higher prices, analyst says

An analyst says that implied volatility of ether and bitcoin at-the-money options signals lower confidence in the potential for higher prices.

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Web3 in the Middle East: Do All Roads Lead to Riyadh?

With a young population, enormous government funding and the hope of favorable regulation, expectations are high that Saudi Arabia will become a hub for crypto in the Middle East. But will the hype match reality?

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Coinbase rolls out Lightning Network support in collaboration with Lightspark

Coinbase’s Lightning Network integration enables a faster and cheaper way for its users to send, receive or pay with bitcoin.

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Binance Founder Changpeng Zhao to Appear in Court Today for Sentencing

Binance founder and former CEO Changpeng “CZ” Zhao will learn how much time, if any, he’ll spend in prison Tuesday.

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EigenLayer airdrop faces backlash over inability to move tokens and blocked jurisdictions

The EigenLayer token distribution was revealed yesterday but has faced heavy scrutiny over some of its core aspects.

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Tokenized Asset Issuer Backed Raises $9.5M as Crypto’s RWA Race Heats Up

The fundraising will help accelerate Backed’s private tokenization offering and onboard asset managers to blockchains, the company said.

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Liquid Restaking Protocol Renzo Airdrops REZ Token, Debuts at $289M Market Cap

The token has $75 million in trading volume in the hour after claims went live.

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Stablecoin legislation could prove bigger than US spot bitcoin ETFs, Bitwise CIO says

The “mainstreaming of stablecoins” could prove as big as or bigger than the U.S. spot bitcoin ETFs, according to Bitwise CIO Matt Hougan.

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First Mover Americas: Bitcoin Falls to $62K as Hong Kong ETFs Fail to Meet Expectations

The latest price moves in bitcoin (BTC) and crypto markets in context for April 30, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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