BlackRock's BUIDL becomes the world’s largest tokenized treasury fund

It took less than six weeks for the BlackRock USD Institutional Digital Liquidity Fund to surpass Franklin Templeton’s one year old tokenized treasury fund.

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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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Franklin Templeton enables P2P transfers for $380m tokenized treasury fund

Franklin Templeton enables peer-to-peer transfers for its $380 million money market fund via its BENJI token on Stellar and Polygon blockchains.

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Franklin Templeton Upgrades $380M Tokenized Treasury Fund to Enable Peer-to-Peer Transfers

The feature helps to expand the utility of the Franklin OnChain U.S. Government Money Fund's BENJI token and make it more interconnected with the digital asset ecosystem.

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HBAR Prices Crashes 35% As BlackRock Denies Any Ties To Hedera

HBAR, Hedera’s native token, saw a sharp correction following clarification that the world’s largest asset manager, BlackRock, was not directly involved in the tokenization of its ICS Treasury Fund on the Hedera network.

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BlackRock опроверг информацию о партнерстве с Hedera. HBAR упал на 38%

BlackRock не имеет прямого отношения к решению Archax и Ownera токенизировать акции ICS US Treasury money market fund (MMF) от компании на Hedera. Об этом заявил представитель фирмы, пишет Cointelegraph.

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Why the Misinterpreted BlackRock News Remains Bullish for Hedera’s (HBAR) Long-Term Trajectory

The crypto community witnessed a significant development as the HBAR Foundation announced that BlackRock’s ICS US Treasury money market fund (MMF) had been tokenized on the Hedera network. This development was initially misinterpreted by some as BlackRock itself tokenizing the fund directly on Hedera.

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Here’s Why Hedera (HBAR) Price Surged 100% in 24 Hours

Hedera's (HBAR) price surged 100% in 24 hours, driven by BlackRock's tokenization of its US Treasury money market fund on the platform in partnership with Archax and OwneraIO, a milestone for real-world asset tokenization.

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ParaSwap Hack Updates: DAO Approves Recovery Fund for Victims

ParaSwap DAO approves compensation for hack victims using treasury funds.

The post ParaSwap Hack Updates: DAO Approves Recovery Fund for Victims appeared first on BeInCrypto.

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OFAC targets Telegram-based news outlet Gaza Now that raised $4.5m in crypto to fund Hamas

OFAC designated social media news outlet Gaza Now and its founder Mustafa Ayash for crypto fundraising efforts aimed at supporting Hamas. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) alongside the U.K.’s Office of Foreign Sanctions…

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BlackRock's Tokenized Fund Quickly Rakes in $245M, Right Behind Franklin Templeton's Older Offering

The tokenized U.S. Treasury market is poised to reach $1 billion "very soon" given the growth of BlackRock's BUIDL, an analyst noted.

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LayerZero CEO alleges Kyle Davies offered ‘better rates’ in a bid to rescue 3AC before bankruptcy

Bryan Pellegrino, LayerZero’s co-founder and CEO, has publicly accused Three Arrows Capital (3AC) co-founder Kyle Davies of trying to pressure the company to move its entire treasury to the now-defunct crypto hedge fund right before its bankruptcy. These allegations surfaced…

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Sygnum Tokenizes $50M of Fidelity International Fund as Matter Labs Moves Reserves to Blockchain

The move was part of zkSync developer Matter Labs' long-term goal to move its treasury reserves to a blockchain.

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U.S. Treasury Debunks Narrative That Hamas Relied on Crypto to Fund Terrorism

Just after Hamas' terrorist attacks in Israel last year, crypto took blame for helping fund such brutal killing. While the prominent media reports were later bashed by cryptocurrency experts, the U.

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Hong Kong Finance Secretary Says New Tokenization Rules in the Pipeline

Hong Kong's Financial Services and Treasury Bureau has announced new fintech and tokenization initiatives, including regulatory clarity on tokenized securities and an Integrated Fund Platform. Visa also highlighted tokenization's potential.

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Why Binance’s $1 Billion Recovery Fund Is Now Worth Just $32 Million

Binance's Industry Recovery Initiative (IRI), initially a $1 billion fund to support struggling crypto firms, is now worth just $32 million, with most funds returned to Binance's corporate treasury.

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Treasury, IRS propose crypto tax rules defining DeFi platforms as brokers

The U. S. Treasury Department has proposed updated tax rules aiming to streamline the crypto tax landscape, as reported by the Wall Street Journal. The proposed rules, when fully implemented, will obligate crypto businesses to interact with the IRS in a similar fashion to traditional brokers handling stock and mutual fund portfolios.

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Maple Finance’s one-month US Treasury yields get SEC exemption

The exemption will allow Maple Finance to offer the Treasury yields to US institutional investors Previously, the Maple Finance Treasury pools were not available to US investors. Institutional crypto hedge fund Room40 Capital is currently Maple Finance Treasury Pools’ sole borrower.

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Bitcoin And Crypto Alert: The Implications Of Bill Ackman’s 30-Year T-Bills Short

What does this mean for Bitcoin and the broader crypto market? In a surprising move that has sent ripples through the financial world, billionaire hedge fund manager Bill Ackman recently announced that he is shorting 30-year Treasury bills.

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Circle Restarts U.S. Treasury Purchases in BlackRock-Managed USDC Reserve Fund

Repurchase agreements will keep being part of the reserve fund, Circle’s chief financial officer said Wednesday during a company call.

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Tornado Cash Sanctions Called “Unprecedented And Unlawful” By The Blockchain Association

The Blockchain Association and DeFi Education Fund have filed an amicus brief calling the U. S. Treasury Department’s decision to sanction Tornado Cash “unprecedented and unlawful. ” Until OFAC imposed sanctions, Tornado Cash was the most popular privacy-protecting tool on Ethereum, the world’s second-largest digital asset platform.

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USDC Issuer Circle Moves $8.7B to Repo Agreements to Protect Reserves From U.S. Government Default

Circle’s reserve fund has ditched Treasury bills that mature beyond May 31, rotating assets to cash and overnight repurchase agreements instead, a company spokesperson said.

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YGG closes $13.8M round led by DWF Labs and a16z Crypto

Yield Guild Games (YGG/USD) has raised $13. 8 million in a token sale led by DWF Labs, the investment arm of high-frequency trading platform Digital Wave Finance (DWF). The token purchase, which was from the YGG treasury, also attracted the participation of a16z Crypto, Galaxy Interactive, Sanctor Capital, and Sangha Capital Fund.

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Flux Finance Launches Lending Token Collateralized by U.S. Treasury Debt

Flux Finance invests in Ondo’s Short-Term U.S. Government Bond Fund (OUSG) a tokenized version of a Blackrock Treasury Bond ETF.

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Flux Finance Launches Lending Token Collateralized by U.S. Treasurys

Flux Finance invests in Ondo’s Short-Term U.S. Government Bond Fund (OUSG) a tokenized version of a Blackrock Treasury Bond ETF.

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Katie Haun's New Fund Leads $32M Round in Lending Protocol Euler

The funds will go toward treasury diversification for the forthcoming Euler DAO.

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Inside The Ethereum Foundation Treasury: What Does It Hold?

The Ethereum Foundation has been around for a while and is in charge of funds that get distributed to projects on the Ethereum network. In its treasury, there is a large amount of ETH among other crypto investments that help to fund projects.

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MiamiCoin disbursement to fund a rental assistance program, says Mayor Suarez

After a $5 million disbursement, MiamiCoin is the first CityCoin to withdraw funds from its treasury.

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What to expect from Polkadot's price action before parachain auctions go live

Gavid Wood recently indicated that the DOT treasury currently has 18.9 Million tokens (amounting to $836.9 Million at press time) ready to spend on development of the ecosystem. The fund's revelatiThe post What to expect from Polkadot's price action before parachain auctions go live appeared first on AMBCrypto.

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Arca Labs partners with Securitize on regulated, tokenized financial products

As part of its partnership with Arca Labs, Securitize will help launch tokenized financial products for the firm, starting with Arca’s registered tokenized treasury fund.

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Janet Yellen Accused of Banking Corruption

The US Treasury Secretary Janet Yellen has been accused of corruption due to receiving $7.2 million in ‘speaking fees’ from just Citi bank and the Citadel hedge fund. “Since much...

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DeFi crowd mocks Harvard Law student group for voting $20 million out of Uniswap treasury

While a Harvard Law student-led initiative called the “Defi Education Fund” is facing blowback for receiving $20 million worth of Uniswap’s (UNI) tokens and dumping half of it over-the-counter, some witty DeFi enthusiasts are openly mocking the whole ordeal.

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Concerns raised as $10 million in Uniswap tokens got sold after alleged ‘insider’ proposal

The new policy organization, DeFi Education Fund, focused on promoting decentralized finance (DeFi) education and advocacy were supported through the Ethereum (ETH) DeFi protocol Uniswap and it deployed half of the funds received from the protocol’s treasury in a single transaction.

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This Week in DeFi – June 4

This week, the Uniswap Treasury is being tapped to create a fund of UNI tokens worth $30 million to be […]

The post This Week in DeFi – June 4 appeared first on DeFi Rate.

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Hedge Fund Manager Says Sell-off in US Treasury Bonds a Threat to ‘High-Flying Assets’ Like BTC

Hedge fund manager Bob Prince has warned that the recent sell-off in the U. S. government bond market could accelerate and this could “threaten high-flying assets” like cryptocurrencies and blank cheque companies.

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UK Treasury-Ordered Report Calls for A 5 Point Plan; Includes FinTech Fund & Crypto Regulation

Treasury report based on the U. K. fintech, concludes govt needs to run a specific regime for Crypto-asset's regulations and control. U. K. chancellor, Rishi Sunak, triggered that review back in March 2020, under Ron Khalifa's supervision (former WorldPay boss).

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Coinbase Trades at a $77B Valuation as BTC Heads Towards a $1T Market Cap

An overview of key news, from a new DeFi Index fund for accredited investors to bitcoin shrugging off growing Treasury yields.

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Fund Manager: Regulation Rumors Not Likely to Affect Bitcoin in Long Term

Yesterday, the chief executive of top Bitcoin exchange Coinbase, Brian Armstrong, revealed that the U. S. Treasury is likely targeting Bitcoin. Armstrong elaborated that he thinks this could have extremely negative effects on the space.

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3iQ's Bitcoin Fund announces successful treasury offering

3iQ, Canada’s leading crypto-asset fund manager, made headlines recently after it announced a successful treasury offering of its Bitcoin Fund. The Bitcoin Fund offering consists of 2,222,300 ClaThe post 3iQ's Bitcoin Fund announces successful treasury offering appeared first on AMBCrypto.

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Major Milestone: Polkadot Treasury Funds Its First Set Of Projects

The fund management arm of the Polkadot team known as the Polkadot Treasury has just funded its first set of projects. The four projects include Redspot, the development environment, testing framework, and asset pipeline for pallet-contracts, Centrifuge and the Go Substrate RPC Client, Polkascan, and its essential infrastructure deployment project and Encointer, the quest for […]

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Polkadot treasury to take on improving network: first proposals are in!

Since its launch in May, Polkadot (DOT) announced the establishment of its ‘Treasury’ which is a new decentralized platform to fund projects according to a press release shared with AMBCrypto todaThe post Polkadot treasury to take on improving network: first proposals are in! appeared first on AMBCrypto.

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IOHK Launches A $250k ‘Decentralized Treasury’ Fund To Boost Cardano Blockchain Development

IOHK, Input Output Hong Kong, a blockchain research and development firm building on Cardano, announced the launch of its first public fund, Project Catalyst, on Thursday. The public fund launch features a $250,000 grant program, paid out in ADA, to incentivize developers to build solutions on the Cardano blockchain.

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Investment Firm Launches SEC-Registered Fund Built on the Ethereum Blockchain

The Arca US Treasury Fund just began selling shares of an Ethereum-based fund that is approved by the SEC. The Ethereum community is definitely excited about the news, but some are wondering why it’s not picking up steam as a major story.

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Tokenized US T-Bond Fund Seeks Foothold in $17T Market

The crypto industry is taking aim at one of Wall Street’s oldest redoubts: investing in the $17 trillion market for U.S. Treasury bonds.

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U.S. Treasury Is to Start Issuing 20-Year Bonds in 2020 to Fund Growing Deficit

Coinspeaker U. S. Treasury Is to Start Issuing 20-Year Bonds in 2020 to Fund Growing DeficitThe U. S. Treasury will start issuing 20-year bonds. It will happen in the first half of 2020.

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Latest Numbers Show Bitcoin Derivatives Preferred by Institutional Investors

The Crypto Fear and Greed Index (CFGI) shows that retails investors are extremely fearful of the massive downturn the crypto market has taken over the past week, with Mark Dow, the former economist for the US Treasury and International Monetary Fund saying on Twitter that the Bitcoin is dying during the period of the sell-off. […]

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U.S. Treasury Sanctions Notorious North Korean Hacking Groups 

The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed strict sanctions on “Lazarus,” “Bluenoroff,” and “Andariel,” three North Korean state-run hacking groups that have allegedly hacked several bitcoin trading venues, banks and other financial institutions, in an effort to fund the region’s nuclear weapons and ballistic missile programs, reportsRead MoreRead More.

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Cryptocurrency Used to Fund North Korean Weapons Program, Says US Treasury

The US Treasury Department has just announced new sanctions against online criminal groups based in North Korea. The groups have reportedly conducted cryptocurrency ransomware attacks and other cyber crimes aimed at subverting international sanctions against the state.

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This Billionaire is Plowing Cash into $1 Billion Crypto Venture

A new crypto venture is on the horizon, boasting a $1 billion treasury and a mentor that Forbes in 2013 listed as “one of the 40 highest-earning hedge fund managers.” The unnamed platform is a part of Elwood Asset Management, a London-based firm which handles the personal cryptocurrency assets of Alan Howard, the head of […] The post This Billionaire is Plowing Cash into $1 Billion Crypto Venture appeared first on CCN Markets

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