Crypto News
Institutions Driving Tokenized RWAs Market’s Breakout Phase, Kucoin Executive Says
A senior Kucoin executive says institutional adoption is the key driver behind the rapid growth of the tokenized real-world asset (RWA) market. The executive believes the recently passed GENIUS Act could double the RWA market cap to $50 billion by year-end. Institutional Adoption: The Primary Catalyst According to Tika Lum, head of global business developmentSource link
Solv and Chainlink Bring Real-Time Collateral Verification to SolvBTC Pricing
Solv Protocol, a financial services provider for bitcoin (BTC) holders, has partnered with decentralized oracle network Chainlink to integrate real-time verification of Solv's actual BTC reserves backing its liquid token, SolvBTC, directly into its price feed. This integration enhances transparency and builds greater trust for users.Unlike traditional price feeds that rely solely on market data, the new SolvBTC-BTC Secure Exchange Rate feed combines exchange rate calculations with real-time proof of reserves, delivering an on-chain redemption rate firmly anchored in verifiable collateral.Additionally, the mechanism features built-in upper and lower bounds based on reserve data, making it resistant to manipulation and safer for use in decentralized lending markets such as Aave.“We’re excited to work with Chainlink to launch a Secure Exchange Rate...
dogwifhat (WIF) Slides to $0.80 as Technical Indicators Flash Mixed Signals
WIF price drops 1.85% to $0.80 amid neutral RSI and bearish MACD signals. Key support at $0.75 holds while traders eye resistance at $1.07. (Read More)Source link
Metaplanet Bitcoin Purchase Takes Holdings to 20K BTC, Overtaking Riot Platforms
Metaplanet Inc. (3350) bought another 1,009 bitcoin (BTC), bringing its total treasury to 20,000 BTC and overtaking Riot Platforms (RIOT) to become the corporation with the sixth-largest treasury holdings of the largest cryptocurrency.The purchase, valued at roughly 16.5 billion yen ($112 million), demonstrates the Tokyo-based company's commitment to positioning bitcoin as a core reserve asset. Its total bitcoin purchases now amount to 302.3 billion yen at an average cost of 15.1 million yen per BTC, according to a filing released Monday. The pace of the firm’s bitcoin accumulation has made it Asia’s most prominent publicly traded adopter of the cryptocurrency. From July 1 to Sept. 1, the company achieved a BTC yield of 30.7%, while its multiple to net asset...
TON Price Holds Above $3 as Technical Indicators Signal Neutral Territory
Toncoin trades at $3.17 with modest 1.12% gains while RSI remains neutral at 44.73, setting up potential breakout above key resistance levels. (Read More)Source link