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For pension funds, the real game of tokenization is balance sheet management, not just 24/7 liquidity, says Fidelity’s Lai

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Tokenized products already exist, but primarily for investment. The most popular category is tokenized money market funds, primarily backed by US Treasuries. The largest, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), debuted in March 2024. This category now has more than $15 billion of assets under management (AUM), with the broader onchain real-world asset market […]

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JPMorgan sees Hyperliquid partnership weigh Circle, Coinbase

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Hyperliquid is one of crypto’s fastest growing trading venues and the leading decentralized perpetual futures exchange. The platform handled more than $150 billion in trading volume in July alone, while its volume relative to Binance rose to 11.5%, underscoring its growing share of the derivatives market. USDC balances on Hyperliquid have grown to around $6

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Ethereum (ETH) Foundation spinout EthSystems targets banks with blockchain privacy technology

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A team of former Ethereum Foundation researchers focused on institutional privacy has launched EthSystems, a new for-profit company that aims to build privacy infrastructure for financial institutions using Ethereum. The startup emerged from the Ethereum Foundation, which spent the past year developing privacy technologies for enterprise use while working with central banks, regulators, global banks

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ECB selects 36 companies, including Deutsche Bank and Revolut, for CBDC pilot

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The European Central Bank (ECB) selected 36 banks and payment firms to participate in a digital euro pilot project starting in the second half of next year as it prepares the central bank digital currency (CBDC) for potential issuance in 2029. The group, selected from 50 applicants, includes Adyen, Deutsche Bank, Revolut, SumUp, UniCredit and

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Benchmark nearly doubles Hut 8 price target to $165 on Beacon Point AI data center deal

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Companies including Hut 8, Core Scientific (CORZ), Hive Digital (HIVE), and Bit Digital (BTBT) have reallocated parts of their power and infrastructure assets to serve AI workloads, betting that long-term contracts with hyperscale customers will generate more stable, higher-margin earnings than cryptocurrency mining alone. Hut 8 has signed two 15-year, triple-net, take-or-pay leases covering 597

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US-Iran Escalation Weighs Bitcoin (BTC) Price, Stocks As Oil Rises: Crypto Daily

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Bitcoin BTC$62,805.01 has fallen in the past 24 hours to $62,600 as traders exited riskier investments amid rising inflation concerns linked to rising oil prices. Brent crude is up nearly 4% in the period, reflecting the renewed open conflict between the US and Iran. It restarts the so-called Nacho (Not a Chance Hormuz Opens) trade,

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Bitcoin’s BIP-110 sparked a battle over who will decide Bitcoin’s future

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Bitcoin’s consensus rules have historically treated valid transactions equally regardless of purpose. BIP-110 raised concerns that rules aimed at discouraging one category of transactions risked opening the door to future restrictions on others. BIP-110 rejected The manner in which the proposal sought approval was equally contentious. Bitcoin upgrades typically proceed only after overwhelming support has

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