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Fidelity Investments, a global asset manager overseeing roughly $5.8 trillion, is moving forward with blockchain technology to expand transparency in its mutual fund offerings. In a recent SEC filing, the firm stated its intent to launch an Ethereum-based share class of its Fidelity Treasury Digital Fund on May 30. The new share class, “OnChain,” is
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Coinbase shares have fallen nearly 40% from their 2025 peak, wiping out $23 billion in market value and sending the company’s stock into a bear market. The drop, which pushed COIN to a low of $176 this month, reflects broader turmoil in the crypto market and comes despite recent strategic developments aimed at expansion and
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Bitcoin hovered just below the $85,000 mark on Saturday, trading at $84,823 after a 0.27% decline. The drop extended Friday’s modest losses and signaled cooling investor sentiment following early-week optimism tied to the Federal Reserve’s dovish tone. Now, the focus has shifted sharply to Capitol Hill, where the reintroduction of the Bitcoin Act could shape
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The total value locked in real-world assets (RWAs) on decentralized finance platforms has surpassed $10.41 billion, signaling a growing investor appetite for tokenized versions of traditional financial instruments. The surge reflects a broader shift in investment strategies as users increasingly move toward blockchain-based representations of tangible assets such as treasury bonds, real estate, and gold.
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Investor confidence in Bitcoin ETFs surged this week, reversing a wave of recent withdrawals. Spot Bitcoin exchange-traded funds posted six consecutive days of inflows totaling $785.6 million, according to blockchain analytics firm Spot On Chain. BlackRock’s IBIT led the gains, absorbing over $535 million worth of Bitcoin since Monday. On Friday, March 21, IBIT alone
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According to a Bloomberg report published Friday, Coinbase Global Inc. is in advanced negotiations to acquire Deribit, a leading crypto derivatives exchange, in a deal that could be worth as much as $5 billion. The move would represent the largest acquisition in Coinbase’s history and significantly expand its presence in the derivatives market. The two
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LG Electronics will shut down its NFT platform, LG Art Lab, on June 17, marking a retreat from its digital art ambitions amid a steep downturn in the NFT market. The company cited a need to “shift focus and explore new opportunities” in a notice published earlier this month. Launched in September 2022 during the
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A Trump administration blueprint proposes a sweeping overhaul of the U.S. foreign aid system, aiming to restructure the U.S. Agency for International Development (USAID) and implement blockchain technology to secure and track financial distributions. The plan would rename the agency the U.S. Agency for International Humanitarian Assistance (IHA) and place it under direct State Department
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A new survey from CoinGecko reveals a growing sense of optimism among cryptocurrency users about the future of AI tokens. According to the research, 44.3% of crypto participants expressed bullish sentiment toward AI token prices in 2025. That includes 25% who identified as fully bullish and 19.3% who said they were somewhat bullish. The Coingecko
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Binance is expanding its Fiat Liquidity Provider Program by introducing a second trading tier for EUR markets. The update, set to take effect on March 24, 2025, at 00:00 UTC, marks a significant shift in the exchange’s approach to market-making incentives. The move follows similar expansions in other fiat markets, including BRL, ARS, MXN, COP,
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The U.S. Securities and Exchange Commission (SEC) has confirmed that proof-of-work (PoW) mining does not constitute securities dealing under federal law, providing long-awaited clarity for the cryptocurrency industry. The SEC’s Division of Corporation Finance issued a statement on March 20 outlining its position on “Protocol Mining” activities, stating that miners who validate transactions on public,
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Binance, the world’s largest cryptocurrency exchange, is at the center of growing speculation about a potential return to the U.S. market. The company largely withdrew from the United States in 2023 after pleading guilty to banking law violations and agreeing to a $4.3 billion settlement with the Department of Justice. With a friendlier regulatory climate
