Asset

Decentralized Finance (DeFi) protocol Ethena Labs has announced the addition of Bitcoin as one of the backing assets for its synthetic dollar-pegged stablecoin. The USDe is already backed by ETH, ETH-based liquid staking tokens, and Tether (USDT).  According to Ethena Labs, the move will help USDe scale significantly and provide users with a safer product.  Ethena Labs Adds Bitcoin Backing Ethena Lab’s decision to add Bitcoin comes as Bitcoin derivatives markets outpace their ETH-based counterparts. According to data presented by…

DWS collaborates with Galaxy Digital to launch cost-efficient Exchange Traded Commodities (ETCs) for Bitcoin and Ethereum, providing seamless integration into investment portfolios. The new ETCs, listed on the Deutsche Börse, are physically backed and stored in secure, offline ‘Cold Storage,’ offering investors a transparent and liquid investment option in the digital asset space. In a groundbreaking move that signals the increasing acceptance of cryptocurrencies as a legitimate asset class, DWS, Deutsche Bank’s investment arm, has partnered with Galaxy Digital, a…

Global investment giant, Franklin Templeton has weighed in on the recent buzz surrounding Bitcoin Ordinals. In a report titled “The Rise of Bitcoin Ordinals,” the firm’s digital assets arm, Franklin Templeton Digital Assets, explores the impact of this technology on the Bitcoin network. Ordinals and Runes: Bitcoin’s New Wave of Innovations Franklin Templeton highlights a “renaissance” in Bitcoin development spurred by Ordinals, new token standards (BRC-20, Runes), Layer 2 solutions, and DeFi applications. Ordinals, a method for inscribing data directly…

[PRESS RELEASE – Victoria, Seychelles, April 4th, 2024] Bitget, the world’s leading crypto exchange and Web3 company, has announced a partnership with Cactus Custody, a subsidiary of Matrixport, to offer Oasis fund custody services and off-exchange settlement services. In a strategic move to better address institutional clients’ needs for secure management of digital assets, the collaboration not only minimizes counterparty risks associated with exchange trading but also provides an effective tool for capital efficiency management. The comprehensive partnership aims to…

A UK judge froze £6 million of Craig Wright’s assets amid concerns he’d evade court costs after losing a case disputing his claim as Bitcoin’s inventor. According to the judge’s ruling, Wright failed to prove he authored Bitcoin’s white paper or initial software versions. A UK judge issued a worldwide freezing order on £6 million of Craig Wright’s assets, amounting to $7.6 million, to prevent potential offshore transfer. The decision comes after a court case where Wright failed to substantiate…

Victoria, Seychelles, March 29th, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, has announced the listing of Goldfinch tokens GFI in its DeFi and real-world asset (RWA) zones for spot trading. The listing enables Bitget users to trade GFI and participate in its RWA ecosystem, bringing more diverse investment options from the traditional financial world to the emerging digital asset market. Goldfinch is a DeFi platform built for global credit lending. In the decentralized finance space, it…

Four Bitcoin exchange-traded funds (ETFs) have secured positions among the largest 30 asset funds within their first 50 days on the market, with BlackRock’s IBIT and Fidelity’s FBTC “in a league of their own,” as per insights from Bloomberg senior ETF analyst Eric Balchunas. U.S. spot Bitcoin ETFs are seeing a resurgence in capital inflows, marking a reversal from a series of consecutive net outflows over the past week. Four Bitcoin ETFs See Substantial Inflows In a recent post on…

According to a recent announcement from blockchain platform Avalanche (AVAX), Australia and New Zealand Banking Group (ANZ) has partnered with Chainlink (LINK) Labs to explore the potential of on-chain digital assets for global movement and settlement.  Using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the collaboration aims to connect the Avalanche and Ethereum (ETH) blockchains to enable uninterrupted delivery versus payment (DvP) settlement of tokenized assets across networks in multiple currencies. Tokenized Asset Transaction Across Avalanche And Ethereum Using Chainlink ANZ, a…

Bitcoin surged by more than 4.5% to above $70,000 on Monday, regaining lost ground after reaching an all-time high of $74,000 earlier this month. Until Thursday of last week, Bitcoin traded below $65,000 following a multi-day period of unusually small inflows to Bitcoin ETF products, coupled with monstrous outflows from the Grayscale Bitcoin Trust (GBTC). The asset’s price began to surge again on Friday following the Bitcoin Investor Day conference, when Robert Mitchnick – BlackRock’s digital assets lead – labeled…