BlackRock’s BUIDL fund Ranks second among peers, raising US$245 million in the first week BlackRock’s inaugural tokenized asset fund has commenced strongly, swiftly capturing a notable market share within the blockchain-based tokenized U.S. Treasury market just one week after its launch. According to blockchain data, BlackRock’s BUIDL attracted US$245 million in deposits by Wednesday. This successful debut propelled the fund to the second position among its counterparts, trailing only Franklin Templeton’s Franklin OnChain U.S. Government Money Fund (FOBXX), which secured US$360 million in deposits, as per rwa. xyz data. BlackRock joins the ranks of prominent players venturing into the tokenization of real-world…

The crypto world has witnessed a remarkable surge of Shiba Inu (SHIB), a meme-inspired token that has defied expectations and showcased its resilience in the face of market volatility. As we delve into the technical analysis, it becomes evident that SHIB’s rally is far from a fleeting phenomenon, fueled by a potent combination of strong support levels and unwavering bullish sentiment. SHIB Data Chart (CoinMarketCap) SHIB’s upward trajectory has been evident. Over the past month, SHIB has experienced an impressive over 198% increase, with over 14.5% surge in the last 7 days alone. Despite a slight 1.89% gain in the…

SEC vs. coinbase wallet: Assessing the Impact on DeFi’s legitimacy and regulatory future The recent legal battle between the U.S. Securities and Exchange Commission (SEC) and Coinbase over its wallet service has become a pivotal moment for the decentralized finance (DeFi) sector. This confrontation has highlighted the regulatory challenges facing DeFi and the broader crypto industry, as well as the potential implications for innovation and growth. Background of the Case The SEC’s lawsuit against Coinbase centered on allegations that the company was operating as an unregistered broker and that its crypto-staking offerings were unregistered securities. The case brought to light…

Bitcoin’s price trajectory has once again captured the attention of investors and analysts alike, as it managed to climb back above the $70,000 mark following a significant dip into the $62,000 range. This recovery underscores the digital currency’s resilience and the bullish sentiment that continues to pervade the market despite ongoing fluctuations. The recent downturn saw Bitcoin’s value plummet by 18%, hitting a low of $60,600 on March 20. However, this decline was short-lived. Bitcoin has rebounded impressively, reaching $71,000 and setting its sights on further gains. This bounce back is attributed to a combination of factors, including increased outflows…

Ethereum’s potential bullish run: Factors driving Ethereum price in the cryptocurrency market Ethereum, the world’s second-largest cryptocurrency, has been a topic of intense discussion among investors and crypto enthusiasts.  ETH is poised for a potential bullish trend driven by several key factors. The current ETH price stands at US$3,563.53, reflecting a decrease of 2.05% over the last 24 hours. Ethereum’s recent price movements have resulted in a market capitalization of US$428.13 billion. Year-to-date, Ethereum has shown a significant change of 57.71%. This data demonstrates the dynamic nature of cryptocurrency marketplaces, in which values may move dramatically over short periods of…

The Indian equity markets saw a mixed trend  today Wed, March 27th, 2024 with the benchmark Nifty 50 (NSEI) trading at 22,123.65 up 0.54%,107 points , while the BSE Sensex is trading at  72,996.31, gaining 526 points, 0.79%. The day’s trading range for the Nifty today has spanned from 22,052.85 to 22,193.60, while the Sensex has oscillated between 72,600.73 and 73,138.73 as of writing today HDFC Bank Ltd HDFC Bank Ltd, one of India’s largest private sector lenders, witnessed a marginal uptick of 1% to trade at Rs 1,440.70 as of writing. The stock has so far touched an intraday…

Bitcoin price is poised for a significant surge, prompting investors to anticipate rapid upward movement Bitcoin, the pioneer cryptocurrency, is once again at the forefront of market attention as it teeters on the brink of a potential ‘vertical’ price surge. With its current price hovering around $70,450, traders and investors are closely monitoring key support and resistance levels to anticipate its next move. In this article, we delve into the intricate dynamics of Bitcoin price action, analyzing crucial levels, market sentiment, and the broader factors shaping its trajectory. As of the latest update, Bitcoin price performance shows a marginal decrease…

Dogecoin has exhibited an impressive performance this week, witnessing a substantial 42% rally. The meme cryptocurrency came close to breaking through the $0.182 resistance level, positioning it a stone’s throw away from the coveted $0.20 mark. The momentum of Dogecoin is evident as the live price has been hovering above the $0.188 mark,with a steady uptrend. This surge in Dogecoin’s market activity has contributed to its market capitalization to $27.10 billion, securing it the 8th position on CoinMarketCap’s rankings. With a circulating supply of 143.63 billion DOGE coins, the currency demonstrates a high degree of market liquidity. Dogecoin’s 1-Day…

North Korean Hackers are involved in looting US$62M in Ether from Munchables Web3 project Munchables experienced a significant loss of approximately US$62.5 million in ether (ETH) during the early hours of Wednesday due to the malicious manipulation of a contract, as indicated by blockchain data. Munchables stated on X that it was actively monitoring the movements and making efforts to halt unauthorized transactions. This project operates on the emerging Blast blockchain and enables users to purchase and enhance traits for digital pets in exchange for tokenized rewards. The individual responsible for transferring users’ funds to themselves before updating the platform’s…

Sam Coins saga: Defying crypto norms in the quest for payouts amidst FTX’s collapse Crypto News: In the ever-evolving saga of the cryptocurrency landscape, a dramatic narrative has unfolded, capturing the attention of global observers and enthusiasts alike. At the heart of this captivating tale lies a faction of traders within the FTX trading clientele, embarking on an audacious quest that has thrust them into the spotlight of the crypto market. Their demand for substantial payouts from the insolvent crypto trading firm, FTX, has sent shockwaves through the industry, with figures reaching into the hundreds of millions of dollars. The…