The total network hash rate is at all-time highs as Bitcoin miners prepare for block subsidy rewards to halve from 6.25 BTC to 3.125 BTC.
Bitfinex Securities unveils $6.25 million tokenized debt issue for El Salvador airport hotel complex
The capital will be used to develop a 4,484 square meter Hampton by Hilton hotel complex at El Salvador International Airport.
The token will be issued on the Liquid Network, a bitcoin sidechain.
The relatively low figure is a sharp decline from GBTC’s usual outflow amounts.
Regulators in the country have said they plan to authorize up to 60 digital asset firms by April.
Stablecoins boost demand for U.S. Treasury notes, Howard Lutnick, the CEO of Tether custodian Cantor Fitzgerald, said.
“There exists a large, untapped pool of capital within the Bitcoin ecosystem that remains dormant,” Wintermute’s OTC desk told CoinDesk.
Earlier on Wednesday, the platform was accused of acting in bad faith by Solana-based liquid staking protocol SolBlaze.
Bitcoin’s Relative Strength Index is now above 79, a place it hasn’t been since the bull market of late 2021.
Bitcoin is stable as Asia begins its trading day, but crypto quant shop sees risk assets pricing in two, not three rate cuts.
