Ondo Finance to Move $95M to BlackRock’s Tokenized Fund for Instant Settlements for Its T-Bill Token
The allocation marks to first example of a crypto protocol leveraging BlackRock’s tokenized fund for its own offering.Source
Layer-2 Blockchain Mantle’s Token Hits All-Time High as Reward System Goes Live
The rally in the MNT token pushed the market cap of the blockchain to over $4 billion.Source
MyShell, Blockchain Platform For Building ‘AI Girlfriends’ and Productivity Apps, Raises $11M
MyShell uses blockchains to let creators earn a profit for building AI apps and Her-like companions.Source
Ether.Fi’s ETHFI Jumps 50% to Record, May Boost Valuations for Liquid Restaking Token Airdrops: Analyst
The performance of EtherFi’s token could lift valuations of other restaking platforms ahead of their airdrops, one analyst noted.Source
U.S Has its 11th Spot Bitcoin ETF After Hashdex Fund Conversion
Trading under the ticker DEFI, asset manager Hashdex’s Bitcoin Futures ETF – which had been trading as a futures-based fund on the New York Stock Exchange since 2022 – was renamed and converted into the Hashdex Bitcoin ETF and now operates as a spot bitcoin fund.Source
UK Ad Rules Apply to Influencers, Crypto Memes, Regulator Confirms in New Guidance
“The use of memes in promotions is particularly prevalent in the crypto-asset sector,” the FCA’s guidance said.Source
BOB, a ‘Hybrid’ Layer-2 Blockchain Mixing Bitcoin and Ethereum, Raises $10M
The round was led by Castle Island Ventures and included participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management.Source
House Republicans Demand SEC Explain What’s Up With Crypto Platform Prometheum
As Prometheum Inc. nears an unprecedented moment in U.S. crypto history by beginning a custody operation that intends to hold customers’ Ethereum tokens {{ETH}}, the industry’s friends in Congress are demanding the Securities and Exchange Commission (SEC) explain what it means to do about this first U.S. special purpose broker-dealer (SPBD) for digital assets.Source
Galaxy Digital’s Strong Earnings Will Carry Into Current Quarter, Analyst Says
Improved crypto market conditions due to anticipation of spot bitcoin ETF approval helped boost earnings, the report said.Source
Insurance Broker Marsh Introduces $825M Crypto Custody Coverage
The new insurance product will support organizations with digital assets held offline in cold storage, as well other custody solutions such as Multi-Party Computation (MPC).Source