Hokkoku Bank Launches Tochika, Japan’s First Deposit-Backed Stablecoin
Hokkoku Bank, a regional financial institution in the Ishikawa prefecture, launched Tochika, Japan’s first deposit-backed stablecoin. Customers of the bank...
Finance
HSBC Launches Tokenized Gold Product Targeting Hong Kong Market
HSBC, the London-based financial institution, launched the first bank-backed tokenized gold product for its customers in Hong Kong. HSBC Gold...
Court Dismisses Custodia Bank’s Challenge Against Federal Reserve
In a significant ruling, a federal judge has dismissed Custodia Bank Inc.’s claim for entitlement to a Federal Reserve master...
Families Worth up to $100 Million Prefer Algorithmic Cryptocurrencies to Tokens — Study
Families with a net worth of up to $100 million exhibit a strong preference for algorithmic cryptocurrencies over tokens (4.32%...
Bitwise Files for Spot Ethereum ETF With SEC, Highlights Detailed Correlation Analysis
Bitwise Asset Management has filed with the U.S. Securities and Exchange Commission (SEC) for a spot ethereum exchange-traded fund (ETF),...
Hashdex Bitcoin ETF Begins Trading — US Now Home to 11 Spot BTC ETFs
Hashdex Bitcoin ETF, one of the 11 spot bitcoin exchange-traded funds (ETFs) approved by the U.S. Securities and Exchange Commission...
FTX Bankruptcy Claims Surge in Value: Bids Now Approach 93 Cents on the Dollar
Half a year ago, firms specializing in acquiring troubled companies and their debts were actively accumulating FTX bankruptcy claims worth...
Layer 1 Blockchain Mantra Secures $11 Million from Latest Investment Funding Round
Mantra, the Layer 1 blockchain for real-world assets (RWA), recently raised $11 million in an investment round that was led...
Ark Invest Shifts Portfolio, Swaps Coinbase and Robinhood for Newly IPO’d Reddit Shares
On Thursday, Ark Invest parted ways with 133,533 Coinbase shares from its Ark Innovation exchange-traded fund (ARKK) and also disposed...
Succinct Labs Raises $55M to Propel Zero-Knowledge Proofs Into Mainstream Development
On Thursday, Succinct Labs, a startup dedicated to democratizing zero-knowledge proofs, unveiled that it had secured $55 million in funding...
Goldman Sachs Sees More Institutions Diving Into Crypto — Says Bitcoin ETFs Prompt a ‘Psychological Shift’
Goldman Sachs is seeing more institutions diving into crypto, the global investment bank’s head of digital assets has revealed, noting...
Grayscale Investments Submits Revised Application for Spot Ethereum ETF
Grayscale Investments’ Chief Legal Officer announced that the firm has submitted a revised Form 19b-4 for spot Ether exchange-traded funds....
$200B Financial Group Cetera Approves 4 Spot Bitcoin ETFs on Its Platform
Cetera Financial Group, a platform with $475 billion in assets under administration and $190 billion in assets under management, has...
Cleartoken Secures $10M in Funding to Pioneer UK’s First Digital Asset Clearing House
On Monday, the crypto clearing house startup Cleartoken revealed that it raised $10 million from strategic investors including Nomura’s Laser...
Crypto Attorney Jake Chervinsky Explains the Bear Case for a Spot Ether ETF Approval in May
Jake Chervinsky, CLO of Variant, a crypto-focused venture capital firm, explained that he was pessimistic about U.S. regulators approving a...
Blackrock Explores Bitcoin ETP Investments for Global Allocation Fund
In a significant development, Blackrock, the world’s largest asset manager, has amended its prospectus for the Blackrock Global Allocation Fund...
Mogo Takes a Further Leap Into BTC, Eyes Long-Term Gains With $5M Bitcoin Reserve Investment
In a statement released on March 7, the Canadian fintech entity Mogo disclosed its strategy to diversify its portfolio by...
Peruvian Stock Exchange Announces Bitcoin Spot ETF Listings
The Lima Stock Exchange, the main Peruvian exchange, announced the inclusion of three different bitcoin spot ETF instruments in its...
Legendary Investor Stanley Druckenmiller Dumps Big Tech, Bets on AI and Gold
Stanley Druckenmiller, the legendary investor who was part of George Soros’ Quantum Fund, has dumped traditional tech stocks while putting...
$14M Capital Infusion Catapults Ethena Labs’ Valuation; Stablecoin Ranks 9th Largest
On Friday, Ethena Labs, the creators of the stablecoin USDE, secured $14 million in funding from key investors. Following this...
Blackrock’s Bitcoin ETF Holdings Near 110K BTC
Blackrock has amassed nearly 110,000 bitcoins for its spot bitcoin exchange-traded fund (ETF), Ishares Bitcoin Trust (IBIT), since its launch...
Umoja Launches Beta Hedging Service to Bolster Crypto Investment Safety
On Tuesday, the crypto platform Umoja unveiled its beta version of hedging-as-a-service, designed to shield users from crypto losses. Umoja’s...
