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New York Life’s $800 billion asset manager. makes its tokenization debut with the Centrifuge fund

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The launch adds another blue-chip asset manager to Wall Street’s tokenization push. Firms including BlackRock, Franklin Templeton, Apollo and Janus Henderson have embraced onchain versions of traditional funds, betting the technology can modernize how assets are issued, transferred and settled. Proponents claim the technology can shorten settlement times, improve operational efficiency and allow assets to […]

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Bitcoin Price Holds Close to $60,000, but Analyst Warns Lower Break Could Target $40,000

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Bitcoin BTC$58,960.75 trading in a narrow range between $59,000 and $60,000 for the fifth day in a row, a quiet stretch that some analysts warn is more dangerous than it looks because of where it’s happening. The range itself is normal. Bitcoin spent much of 2024, from March to October, consolidating between $55,000 and $70,000

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Institutional demand for BTC is below supply as ETFs pour out, new coins flood market: Crypto Daily

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Although BTC has recently stabilized around $60,000, the prospects for a meaningful recovery remain bleak because institutional demand falls far short of absorbing supply. The latest chart from Glassnode shows that bitcoin exchange-traded funds (ETFs) have sold 71,600 BTC, worth over $4 billion, this month, the largest redemption on record. Meanwhile, corporate treasuries, or digital

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Bitcoin and ether test the price floor as US stocks, dollar hold steady

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Bitcoin BTC$59,253.86 fell 1.5% on Tuesday after failing to hold above $60,000 on Monday. It is now trading at $59,250 and looks set to challenge the weekend low of $58,800. Ether (ETH) is down 1.73% since midnight UTC and is trading at $1,580 after failing to break through $1,640. Both assets are now testing critical

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SEC wins $5.5 million default judgment over alleged fake crypto platform NanoBit

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A New York federal judge entered a $5.5 million default judgment against NanoBit Limited and five related defendants over an alleged relationship investment scam built on a fake crypto trading platform. The US District Court for the Eastern District of New York ordered $5,518,902 in combined disgorgement, prejudgment interest and civil penalties on June 16,

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USDT trades at a 7%-10% premium in India. The exchanges say that it is only supply and demand

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USDT, the world’s largest dollar-denominated stablecoin, trades well above face value on Indian crypto platforms. While local reports attribute the premium to a recent enforcement action, exchanges explain it as simple supply-demand dynamics. The stablecoin’s premium rose to 7%-10% above its dollar value on Indian platforms over the weekend. At one point, USDT was trading

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Bitcoin’s tie to USD/JPY is the strongest it’s been since 2022. Here’s why it matters.

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Under the “yen carry trade” framework, a weak yen (USD/JPY rising) is supposed to be accompanied by rising BTC, just as it tends to support stocks. Extending that logic, a strengthening yen should trigger risk aversion in both stocks and cryptocurrencies. This is exactly what happened in late July/early August 2024 when the Bank of

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BlackRock’s IBIT sheds $300 million as bitcoin demand wanes

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U.S. spot bitcoin ETFs lost a net $231 million on Monday, with BlackRock’s IBIT accounting for $300 million of outflows that were partially offset by other funds, including $50 million to ARKB and $35 million to GBTC, per SoSoValue data. The outflow lands as risk appetite elsewhere increases. Wall Street’s technology rally spread to Asia

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