Coindesk

JellyC, a digital asset investment manager with over $100 million in assets under management, said it joined a program with crypto exchange OKX and international bank Standard Chartered (STAN) that will allow it to trade cryptocurrencies while keeping its collateral secure off-platform.The Australian company said it will use a Franklin Templeton tokenized money market fund (TMMF) as its preferred trading collateral. The collateral will be held by Standard Chartered, according to the press release shared with CoinDesk.JellyC said the initiative will enhance its capital efficiency and reduce its direct exposure to OKX, potentially attracting institutional investments and mitigating the risk of an FTX-style blowup that destroyed billions in investor wealth."Franklin Templeton’s natively minted on-chain TMMF provides legal certainty of fund...

Crypto asset manager CoinShares has launched a new exchange-traded product (ETP) that gives investors exposure to Sei (SEI) while eliminating management fees and offering a 2% staking yield.The product, listed under the ticker CSEI, will be traded on the SIX Swiss Exchange. It marks the first regulated investment vehicle offering direct access to SEI, a Layer-1 blockchain designed to support high-speed, low-latency trading infrastructure.CoinShares, which manages over $8 billion in digital assets, said the launch aims to remove hurdles for institutional investors who previously faced complex custody and operational requirements to access SEI.The product is physically backed by SEI tokens and automatically distributes a 2% annualized staking yield to investors. The launch comes shortly after CoinShares became the first European...

After a historic 60-day run, bitcoin's (BTC) premium on Coinbase, a key indicator of robust U.S. investor demand, is dissipating, indicating a notable shift in market dynamics.BTC's Coinbase premium, which represents the percentage difference between the BTC/USD pair on Coinbase and the BTC/USDT pair on Binance, turned negative early Tuesday, marking the first such instance since late May, according to data source TradingView.The negative flip indicates a renewed, relative weakening of demand from U.S. investors, supporting the case for an extended pullback in BTC's price.The Coinbase Bitcoin Premium Index is a measure of the percentage difference between the price of Bitcoin on Coinbase Pro (USD pair) and the price on Binance (USDT trading pair).A positive value is widely seen as...

What to KnowDOGE fell 9.24% from $0.248 to $0.226 during the 24-hour window from July 28 01:00 to July 29 00:00.Price action swung across a $0.025 range (10.39%) from a $0.248 high to a $0.223 low.A temporary recovery effort during the final hour lifted DOGE slightly from $0.223 to $0.226.Institutional sell pressure was concentrated between 13:00–14:00, with volume spiking to 918 million—more than 2x the 24-hour average of 410 million.News BackgroundDOGE’s selloff mirrors broader risk-off sentiment across crypto assets as central banks reassess rate cuts amid persistent inflation. At the same time, geopolitical tensions and trade-related uncertainty are dampening speculative appetite, especially among institutional traders.The meme token reached a short-term high of $0.248 early in the session but met heavy...

Bridgewater Associates founder Ray Dalio is calling for investors to allocate 15% of their portfolios to bitcoin (BTC) or gold, citing heightened risks from the U.S.’s accelerating debt burden and long-term currency devaluation.“If you were optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or Bitcoin,” Dalio said on the Master Investor podcast Sunday.The comments mark a notable shift from his 2022 recommendation of just 1–2% in BTC, reflecting growing concern over what Dalio calls a “debt doom loop.” He pointed to a projected $12 trillion in new Treasury issuance over the next year, required to service the U.S.'s $36.7 trillion national debt.A U.S. Treasury report on Monday confirmed the trend,...