Coindesk

While spot bitcoin exchange-traded funds yesterday registered their largest-ever daily outflow as investors pulled out nearly $1 billion, spot gold ETFs continue to see large inflows, a potential boon for gold-backed cryptocurrencies.Physically-backed gold ETFs last week saw their largest weekly inflow since March 2022, according to data from the World Gold Council, which showed inflows of 52.4 tons, or roughly $4.9 billion, with most of the added demand coming from North America.In all, gold ETF holdings are at 3,326 tons worth roughly $314 billion, according to the group.Despite some declines over the past few days, gold is higher by just shy of 11% so far in 2025, 43% year-over-year and currently trading at $2,910 per ounce. Among the reasons noted...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2814.47, down 1.6% (-46.85) since 4 p.m. ET on Tuesday.Ten of 20 assets are trading higher.Leaders: LTC (+7.9%) and ICP (+2.2%). Laggards: SOL (-5.6%) and UNI (-4.3%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Tokenized real-world assert (RWA) issuer Ondo Finance has joined the Mastercard network that connects financial institutions with businesses to improve cross-border payments.Ondo's Short-Term U.S. Government Treasuries Fund (OUSG) investment product will be available to businesses on Mastercard's Multi-Token Network (MTN), giving them access to yield via tokenized assets, according to an emailed announcement on Wednesday.The majority of OUSG's assets are invested in BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), the largest blockchain-based money market fund, which is backed by short-term U.S. government bonds.Mastercard's MTN incorporates API-enabled blockchain tools to allow banks to streamline domestic and cross-border transactions.Traditional financial (TradFi) giants like Mastercard developing blockchain-based networks means that other financial institutions and corporates are able to access cryptocurrency and other digital...

The Avalanche Foundation, the non-profit that helps steward the development of the Avalanche blockchain, said its much-anticipated Avalanche Card, a Visa credit card that allows users to purchase items with their cryptocurrency, is live and ready to be used.The card was developed in collaboration with Rain, a blockchain-based card issuing platform. It enables users to spend their Avalanche tokens (AVAX), wrapped AVAX, and stablecoins USDT and USDC at any store that takes Visa, the foundation said in an email. It's good for in-person or online transactions.While other teams have also released credit cards tied to a user's crypto holdings, the news signals the further integration between traditional financial technologies and cryptocurrency.The Avalanche Foundation said in October that it planned to...

Fundamental investors tracking XRP have more reason to cheer as a planned set of features aims to make the XRP Ledger, the network underpinning that token, even more appealing for institutional usage.XRP prices are up 2.2% in the past 24 hours, outperforming a 1.1% decline in bitcoin following Tuesday’s market carnage.Ripple said in a Tuesday update the XRP Ledger network will build out more compliance functions and expanded lending, among other features, to let institutions meet regulatory requirements and offer new lending options.These include flexible tokens, a lending system, an EVM sidechain, and permissioned settings that take place directly on the decentralized network (without any intermediaries).The updates are in addition to features already live on the network, including clawback —...