SBI Holdings has submitted applications to Japan’s Financial Services Agency for the approval of two exchange-traded funds tracking Bitcoin and XRP. The filings represent the first dual-asset spot crypto ETF proposal in the country and arrive shortly after the regulator opened discussions around reclassifying digital assets as financial instruments under the Financial Instruments and Exchange…
Layer 1 blockchain Pharos Network, which specializes in real-world asset finance, has formed a partnership with lending platform Morpho, which currently holds over $9 billion in total deposits. The collaboration will result in the deployment of Morpho’s native lending infrastructure on the Pharos mainnet. This integration represents an initial phase in establishing institutional-level lending capabilities…
According to reports, BitMine Chairman Tom Lee said that Strategy’s bet on Bitcoin could one day push it to the very top of the stock market. He pointed to the company’s massive crypto holdings as the key driver of its value. Lee noted that, like oil companies of old, Strategy’s market value comes more from…
The crypto market’s flashing green again, and not just on your watch list. Most of the top ten tokens on CoinMarketCap have posted solid daily gains, with $BTC pushing above $116K, $ETH climbing past $3.8K, and $SOL jumping over 5% in the past 24 hours. Even the Fear & Greed Index is creeping towards ‘Greed’…
“When Larry Fink says all stocks, bonds, and real estate can be tokenized, believe him,” said crypto asset manager Bitwise on Wednesday. The comment in reference to the BlackRock boss came alongside a chart showing that real-world asset (RWA) onchain value had surged to an all-time high of just under $25 billion. More recent data…
TL;DR Pi Network has integrated TransFi as a KYB-verified fiat on-ramp provider, allowing users in over 70 countries to buy and convert PI tokens using local payment methods. Recently, the team extended the .pi domain auction until the end of September, enabling Pioneers to personalize their wallets. More Options for PI Traders Pi News –…
TL;DR Around 120,000 BTC were bought during the recovery from $112K to $114K, showing buyer interest. Long-term holders locked in $44 million profit during the price bounce, signaling cautious selling. US liquidity growth and rate cut expectations may support altcoins if current trends continue. Buyers Enter Near 112K Roughly 120,000 BTC were bought as Bitcoin…
Binance, the largest cryptocurrency exchange, has released its 33rd Proof of Reserves report. It highlights a significant divergence in the customer’s holdings of Bitcoin (BTC) and Ethereum (ETH). According to the report, users’ net Bitcoin balances increased in July. In contrast, Ethereum holdings on the exchange saw a notable decline. Ethereum on the Decline, Bitcoin…
Stellar’s XLM looks poised for a bullish breakout this month, with technical indicators flashing green. The altcoin has formed a classic bull flag pattern on the daily chart, a trend often preceding an extended upward move. If the setup holds, XLM could be on track for a move toward the $0.67 mark. XLM Prepares for…
Expectations that the US Federal Reserve (Fed) will cut interest rates in September have been rising recently. While most forecasts interpret this as a positive sign for the stock and crypto markets, history tells a different story. Historically, Fed rate cuts often signal the beginning of economic recessions—a trend observed over multiple decades. A Fed…