BlackRock Bitcoin ETF breaks $30B; US ETFs set to hit 1M BTC holdings
    31 Oct 2024
    73 Views

    BlackRock’s spot Bitcoin exchange-traded fund (ETF) has surpassed $30 billion in holdings, reflecting increasing demand for the world’s leading cryptocurrency. The world’s largest asset manager reached the $30 billion mark less than 10 months after launching its Bitcoin ETF, which began trading on Jan. 10. BlackRock currently holds more than 417,000 Bitcoin worth over $30.4…

    Stablecoins boosting demand for US T-bills: Treasury Dept
    31 Oct 2024
    61 Views

    Stablecoins seem to be increasing demand for short-term United States government bonds known as Treasury bills, according to US Department of the Treasury meeting minutes published Oct. 30. In an Oct. 29 meeting, the US Treasury’s Borrowing Advisory Committee weighed the benefits of stablecoin adoption and Treasury bill tokenization, with one member suggesting the US…

    Starknet hits record 857 TPS, averages 127.5 in stress test
    31 Oct 2024
    82 Views

    On Oct. 29, Starknet, a layer-2 (L2) scaling solution on Ethereum, achieved a new milestone by reaching a peak of 857 transactions per second (TPS) in a controlled stress test. The test averaged 127.5 TPS over a 24-hour period, showing the network’s potential to support high-demand blockchain applications, but also raising questions about long-term scalability….

    Optimizing crypto ecosystem development: Interview with Unlimit’s Bryan Feng
    30 Oct 2024
    71 Views

    The adoption of cryptocurrencies is accelerating, demanding a scalable and reliable bridge between traditional finance (TradFi) and decentralized finance (DeFi). Global fintech firm Unlimit aims to simplify the exchange between fiat and digital currencies for businesses and users with its crypto on-ramp and off-ramp solution. In this interview, Bryan Feng, head of crypto at Unlimit, explores the…

    Solayer, OpenEden launch Treasury-backed stablecoin on Solana
    30 Oct 2024
    65 Views

    Solayer and OpenEden are launching a yield-bearing stablecoin on Solana backed by United States Treasury bills, according to an Oct. 28 announcement. Dubbed sUSD, the stablecoin is the first of numerous tokenized real-world assets (RWAs) Solayer plans to launch on Solana, the company said in a post on the X platform. “[A]nyone with $5 can access tokenized…

    Visa and Coinbase partner for instant crypto buys on debit cards
    30 Oct 2024
    87 Views

    Visa users with eligible debit cards will soon be able to instantly deposit and withdraw funds from their accounts with the crypto exchange Coinbase after the two firms announced a partnership. “Coinbase already has millions of users with a debit card connected to their account,” Visa said in an Oct. 29 statement. It added United States…