Crypto News
Ethereum to Bitcoin Ratio Hits 4-Year Low—Here’s Why
The ETH/BTC ratio has plunged to lows of 0.027, as institutional investors demonstrate a clear preference for Bitcoin ETFs.Source link
Blockstream Opens New Office in Tokyo as It Expands in Asia
Blockstream, the crypto company co-founded by legendary bitcoin (BTC) developer Adam Back, is expanding its global presence with the opening of a new office in Tokyo, the company said in a press release on Wednesday.The company will be partnering in the region with Diamond Hands, Japan's leading Bitcoin strategic consultancy, and investment firm Fulgur Ventures. Blockstream plans to drive adoption of Bitcoin Layer-2 and self custody technologies in Japan, the company said, as well as the tokenization of real world assets (RWA).Japanese corporates have shown increased interest in the world's largest cryptocurrency. Metaplanet (3350), the hotel investor, recently announced the largest capital raise in Asian equity market history to buy bitcoin. Blockstream is looking to support local businesses that want...
Lightchain AI Testnet Launches, Raising $15M—One Presale Stage Left
PRESS RELEASE. The blockchain world is buzzing, and for good reason—Lightchain AI has officially launched its testnet, already securing over $15 million in funding! Combining the unmatched potential of blockchain and AI, Lightchain AI is charting a bold, innovative course for decentralized technology. If you’re a cryptocurrency enthusiast, a tech-savvy investor, or a developer onSource link
Equities-Crypto Relationship Is Likely to Weaken in the Long Term, Citi Says
The relationship between stocks and crypto markets is likely to weaken in the future, Wall Street bank Citi (C) said in a research report Monday.While equities have been and remain the most important macro driver of crypto markets, the "equity-crypto correlation is likely to fall over time as the nascent asset class matures, the investor base grows, technology advances and adoption progresses," the report said.Still, the speculative nature of cryptocurrency markets means that risk asset correlations may be inflated, especially during risk-off events, the bank said."A more transparent regulatory regime in the U.S. will also lead to more idiosyncratic price action," analysts led by Alex Saunders wrote.Bitcoin (BTC) volatility is expected to continue to fall in the long term...
Ondo Finance Unveils Looks to Bring Stocks, Bonds and ETFs Onchain, Unveils Tokenization Platform
Ondo Finance, a leading tokenized real-world asset (RWA) issuer, has unveiled a new offering to accelerate the onboarding of traditional assets to blockchain technology.Ondo on Tuesday introduced Ondo Global Markets (Ondo GM), a platform dedicated to providing onchain access to stocks, bonds, and exchange-traded funds (ETFs). The specific details regarding which stocks, bonds, and ETFs will be available is not known yet. Ondo, with a market cap of over $600 million, is already the world's third-largest tokenized Treasury issuer, according to data source rwa.xyz.The new offering will help bypass what Ondo calls a broken investment ecosystem characterized by high fees, restricted access, platform fragmentation that locks millions out of capital markets and stifles innovation."By leveraging blockchain technology, we can bring...