Crypto News

Tokenized Treasuries Hit $5B Milestone as Fidelity Touts RWA Potential for Collateral

The market value of tokenized U.S. Treasuries this week surpassed the $5 billion for the first time, rwa.xyz data shows, as demand for blockchain-based real-world assets (RWAs) accelerates.The asset class grew by $1 billion through just two weeks, led by inflows into asset management giant BlackRock's and digital asset firm Securitize's market leading BUIDL.Crypto tokens backed by U.S. Treasuries are at the forefront of the tokenization trend, which have captivated a host of global financial behemoths and digital asset firms. Fidelity Investments is the latest large U.S. asset manager seeking to create a tokenized money market fund, filing for regulatory approval last week to launch its Fidelity Treasury Digital Liquidity on the Ethereum blockchain."We see promise in tokenization and its...

Gamestop Unleashes Bitcoin Strategy—Can $4.8B Make GME a Crypto Titan?

Gamestop has unveiled a bitcoin reserve strategy, aligning with soaring institutional BTC adoption while sitting on a $4.8 billion cash stockpile, fueling its most disruptive pivot yet. $4.8B on Deck: Gamestop to Load Treasury With Bitcoin—Is the Game Just Beginning? Gamestop Corp. (NYSE: GME) announced on March 25 that its board of directors had “unanimouslySource link

UNDER EXPOSED EP 18

UNDER EXPOSED brings you coverage of the biggest macro news of the week impacting crypto and broader markets, with a focus on the newest trends, trades and narratives. Join hosts TylerD, Deeze, Geebz and Peter Jennings as they have longer conversations on the hottest sectors in crypto and NFTs, what is moving markets and what they’re buying and selling. Streaming live every Tuesday from 12:00 PM EST to 1:00 PM EST on YouTube and X.LIVE SPACE = https://x.com/i/spaces/1OyKALqbYgWxbLinks: https://www.rug.fm/ https://x.com/rugradio https://linktr.ee/rugradioHosts: https://twitter.com/deeze https://twitter.com/lhitch09 https://twitter.com/artgeebz https://twitter.com/tyler_did_itMyriad: https://myriad.markets https://x.com/MyriadMarkets https://www.instagram.com/myriadmarkets#bitcoin #crypto #podcastSource link

Immutable Cleared as SEC Drops Crypto Token Investigation 

The U.S. Securities and Exchange Commission (SEC) dropped its investigation into Web3 gaming firm Immutable on Tuesday, declining to pursue charges related to its 2021 IMX token sales. This development mirrors a sequence of regulatory about-faces, specifically reflecting enforcement efforts launched under the Biden administration. SEC Retreats From Crypto Enforcement With Immutable Case Closure TheSource link

GameStop Adds Bitcoin as ‘Treasury Reserve Asset’

GME ended the day having lost 0.82%, but has gained 6.3% in after-hours trading after the Bitcoin news was announced.Source link