Institutional investors increased their Ethereum (ETH) exposure via exchange-traded funds (ETFs) by 388,301 ETH in the second quarter, with investment advisors commanding the largest share of adoption across traditional finance sectors. According to data shared by Bloomberg ETF analyst James Seyffart, investment advisor firms control $1.35 billion in Ethereum ETF exposure, representing 539,757 ETH and…
Circle and financial software giant Finastra announced Wednesday a partnership to integrate USDC stablecoin settlement into the backbone of global banking infrastructure, a move aimed at modernizing cross-border payments long plagued by high costs and delays. The collaboration will connect Finastra’s Global PAYplus (GPP) platform, which processes more than $5 trillion in daily cross-border transactions,…
Chinese fintech company Linklogis has announced a partnership with the XRP Ledger (XRPL) to digitize global supply chain finance, according to a recent statement. The move will see Linklogis deploy its trade finance application on XRPL’s mainnet, a step aimed at scaling blockchain adoption for cross-border settlements. The collaboration is designed to unlock faster circulation…
Japanese Bitcoin treasury company Metaplanet has unveiled plans to raise over JPY 130 billion (equivalent to around $880 million) through an international share sale, with most of the proceeds earmarked for new Bitcoin purchases. The firm disclosed on Aug. 27 that its board approved the issuance of up to 555 million new shares. If shareholders…
Google Cloud has taken its first major step into blockchain infrastructure development with the launch of the Google Cloud Universal Ledger (GCUL), a Layer 1 network designed to support faster payments and settlement across borders. The initiative places Google directly in the path of global financial institutions seeking scalable ways to handle digital money and…
A brand new survey exhibits rising urge for food amongst UK adults to incorporate crypto of their retirement financial savings, hinting that digital property could in the future compete for a share of the nation’s multitrillion-pound pension market. Key Takeaways: 27% of UK adults are open to together with crypto of their retirement plans, with…
Commerce Secretary Howard Lutnick introduced the Division of Commerce will start issuing GDP and different financial statistics on blockchain throughout a White House cabinet meeting on Aug. 26. Positioning the expertise as a government-wide knowledge distribution software, Lutnick advised President Donald Trump: “The Division of Commerce goes to begin issuing its statistics on the blockchain,…
Standard Chartered said Ethereum (ETH) and the companies holding it in their treasuries remain undervalued, even as the second-largest crypto surged to a record $4,955 on Aug. 25. Geoffrey Kendrick, the bank’s head of crypto research, said treasury firms and exchange-traded funds have absorbed nearly 5% of all Ethereum in circulation since June. Treasury companies…
SharpLink, a company with a growing focus on Ethereum, has continued with its aggressive ETH accumulation, according to an Aug. 26 statement. The firm said it acquired 56,533 ETH at an average cost of $4,462, using $360.9 million raised through its at-the-market issuance program during the week ending Aug. 24. These purchases lifted SharpLink’s total…
After weeks of muted motion, the Dogecoin value is now hovering round $0.21, however latest on-chain information is flashing warning indicators – strengthening the case for a bearish Dogecoin price prediction. All through August, DOGE has posted losses throughout all main timeframes, with a lot of the strain linked to quiet de-risking by giant whale…