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JPMorgan says tokenized Treasuries to challenge but not fully replace stablecoins

The market for tokenized Treasuries is growing and could challenge stablecoins’ dominance, JPMorgan analysts said. However, analysts noted that regulatory restrictions and liquidity concerns suggest tokenized treasuries may only partially replace stablecoins.

theblock.co • 25/10/2024 - 14:50 PM

The Daily: Denmark proposes taxing unrealized crypto gains, Kraken plans 'Ink' Ethereum Layer 2 launch and more

Denmark proposes taxing unrealized crypto gains; Kraken launches Ink Layer 2; Base enhances decentralization; Stokr raises funds for bitcoin treasury; Saylor supports self-custody.

theblock.co • 24/10/2024 - 17:37 PM

Arbitrum-based crypto derivatives trading protocol Variational raises $10.3 million in seed funding

Variational, a crypto derivatives protocol on Ethereum's Layer 2, raised $10.3 million. Plans include launching mainnet and token in 2024-2025, expanding beyond Arbitrum.

theblock.co • 23/10/2024 - 14:30 PM

The Daily: Sky mulls MakerDAO comeback, what's next for crypto's 'killer use case' and more

Sky considers reverting to MakerDAO branding while stablecoins thrive. Karpatkey and Komainu make significant moves, alongside concerns over ACX token supply management.

theblock.co • 22/10/2024 - 17:33 PM

The Funding: Why Trump-linked crypto project World Liberty Financial flopped

World Liberty Financial connects to Trump, aiming for $300 million in token sales but only achieves $13.5 million, raising concerns about viability, founder credibility, and project issues.

theblock.co • 20/10/2024 - 21:13 PM

The Daily: DBS introduces tokenized banking services, BlackRock's Bitcoin ETF attracts $1 billion in less than a week and more

DBS, Singapore’s largest bank, has launched “DBS Token Services,” a new suite of blockchain-based products designed to enhance liquidity management and streamline operations for institutional clients. BlackRock’s spot Bitcoin ETF added another $309 million in net inflows on Thursday, contributing to more than $1 billion worth of positive inflows for its IBIT product this week alone. The SEC filed a “Civil Appeal Pre-Argument Statement” late Thursday, seeking to challenge the U.S. District Court for the Southern District of New York’s prior judgment in its ongoing case against Ripple. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 18/10/2024 - 18:16 PM

The Daily: FBI arrests SEC hacker behind fake Bitcoin ETFs approval post, Kraken enters the wrapped bitcoin game and more

Kraken launches kBTC; FBI arrests Eric Council for SEC hack; Nishad Singh seeks no jail time; Vitalik Buterin targets 100k TPS for Ethereum; Hamster Kombat plans expansion.

theblock.co • 17/10/2024 - 17:50 PM

zkPass raises $12.5 million Series A at $100 million token valuation

zkPass raised $12.5 million in Series A funding to enhance its zero-knowledge proof protocol for secure data verification, totaling $15 million raised to date.

theblock.co • 17/10/2024 - 15:00 PM

The Daily: Cosmos co-founder blames Iqlusion over North Korea-linked security risks, Italy plans 42% capital gains tax on bitcoin and more

Jae Kwon criticizes Iqlusion over security issues; Italy raises bitcoin tax to 42%; US seeks shorter sentence for Bitfinex hacker; TON blockchain partners with Axelar; Trump promotes crypto.

theblock.co • 16/10/2024 - 17:35 PM

Binance Labs invests in Bitcoin liquid staking platform Lombard

Binance Labs invests in Lombard Finance, a Bitcoin liquid staking platform, aiming to expand LBTC access across blockchains and enhance DeFi participation.

theblock.co • 16/10/2024 - 14:00 PM

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