Bitcoin Price: US$ 92,340.41 (+2.06%)
Ethereum Price: US$ 3,107.44 (-3.13%)
Securitize and Elixir have launched DeFi vaults for BlackRock’s BUIDL, enabling tokenised securities like BlackRock’s USD money fund to access decentralised finance using deUSD as the primary currency. This development unlocks enhanced yield opportunities for over $1 billion in Real World Assets (RWAs) and expands BlackRock’s BUIDL across multiple blockchain networks, driving demand for tokenised RWAs such as US Treasury securities. Meanwhile, Bitfinex Securities has introduced a tokenised US Treasury bill offering under El Salvador’s legal framework, providing investors with exposure to short-term US T-bills with a 5.02% yield, using Tether’s USDt stablecoin. Built on the Bitcoin Liquid Network, the offering facilitates instant settlement and over-the-counter trading but is unavailable to North American investors. In parallel, Brazil’s Banco Central has launched phase two of its Drex CBDC pilot, integrating blockchain and oracles to improve cross-border agricultural commodity transactions and enhance trade finance efficiency across currencies and platforms.
Nansen 2 is integrating the Tron network with the launch of a Tron Macro Dashboard, offering real-time analytics to developers and investors while supporting USDT’s growing adoption on Tron. The network continues to gain traction due to its scalability, low fees, and the launch of its memecoin platform, SunPump, which is driving significant revenue. Simultaneously, Bitfinity Network has introduced a Bitcoin Layer-2 solution with $12 million in funding, leveraging Internet Computer Protocol’s (ICP) Chain Fusion Technology to bring Ethereum-compatible decentralised finance (DeFi) to Bitcoin. This innovation reflects ICP’s growing role in enabling Bitcoin-native applications, with its usage surging 13-fold, showcasing its ability to enhance Bitcoin’s functionality without trusted bridges. In other news, the upcoming launch of spot Bitcoin ETF options in the U.S. is expected to unlock trillions in trading volume, drive institutional adoption, and expand market maturity for both retail and institutional investors.
Binance has clarified that its new BFUSD token, a reward-bearing margin trading product aimed at providing high yields for futures traders, is not a stablecoin and has not yet been launched. This announcement addresses concerns that it could resemble Terra’s failed algorithmic stablecoin, UST. Meanwhile, Bakkt’s stock surged 162% following reports that Trump Media is in advanced talks to acquire the crypto exchange, potentially advancing Trump’s pro-crypto agenda. However, details remain unclear as Bakkt continues to struggle with profitability, currently valued at over $400 million. Additionally, a California judge rejected Kraken’s appeal to dismiss an SEC lawsuit that will determine if its crypto trades qualify as investment contracts under U.S. securities law, allowing the case to proceed into the discovery phase.
Source: https://cointelegraph.com
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