BJ Tokenization of funds is booming, but their rapid rise comes with serious risks that investors should not overlook, credit agency Moody’s Ratings said in a Wednesday report. Several major financial institutions, including BlackRock and Franklin Templeton, have made their mark in the world of tokenization and inspired others to follow the latest trend. For example, … Read more
EMB: April 9, 16:00 UTC A blockchain-based startup in London said it closed a $50 million funding round to forward its goal of “reinventing social media.” Wunder.Social raised the funds in a round led by Rollman Management, according to an announcement shared with CoinDesk on Wednesday. The project uses blockchain technology to verify users, thereby … Read more
Virgil Griffith, a former Ethereum developer jailed for attending a crypto conference in North Korea in 2019, was released from prison and is on his way to a halfway house, according to his lawyer, Alexander Urbelis. Urbelis, general counsel of the Ethereum Name Service who has also been serving as Griffith’s outside counsel, posted a … Read more
The U.S. House Financial Services Committee checked the next box in moving toward what Representative Bryan Steil referred to as the “second half” of President Donald Trump’s crypto agenda: a bill to set U.S. crypto market rules for a fully regulated domestic industry. Steil, the Republican chairman of the panel’s crypto subcommittee, said that the … Read more
Bootstrapping decentralized finance (DeFi) on any blockchain usually requires a mix of builders with big ideas and funders to back them. That much is as true for baselayers as it is for the financial protocols launching atop them. Arch Labs, whose eponymous network is one of the many projects trying to bring DeFi to Bitcoin, … Read more
European Union (EU) member states have approved the European Commission’s proposal to introduce retaliatory tariffs against the U.S. The bloc’s executive made the proposal as a countermeasure against the U.S.’ imposition of tariffs on imports of steel and aluminium from the EU. Duties will be collected from April 15 once the implementing act is published, … Read more
Global Economic Tensions Impact SHIB The cryptocurrency market experienced significant turbulence as escalating trade tensions between the United States and China sent shockwaves through global financial markets. Shiba Inu (SHIB) was not spared from the selloff, plummeting to $0.00001038 – its lowest level since February 2023 – as investors fled risk assets following President Trump’s … Read more
World Liberty Financial, the Donald Trump family-backed DeFi project, reportedly started to sell its ether (ETH) stash at $1,465 a token despite purchasing the asset for $3,259 at the start of the year. On-chain data from Arkham shows that a wallet closely tied to World Liberty Financial sold 5,471 ETH for around $8 million on … Read more
As of Wednesday morning, the yield on the UK’s 30-year government bond soared to 5.6%—its highest level since 1998—mirroring a broader climb in U.S. sovereign yields and sparking fresh concerns about financial market stability. Surging global bond yields are exerting significant downward pressure on risk assets. Since the U.S. equity sell-off began last Thursday, the … Read more
Binance Futures will soon introduce LDUSDT, a reward-bearing margin asset that accrues rewards to holders. Traders can swap their tether (USDT) on Binance’s Simple Earn Flexible Product for LDUSDT, which can then be utilized as margin for stablecoin-margined futures trading. Binance said LDUSDT builds on the success of BFUSD, its inaugural reward-bearing margin asset, which … Read more
