Category: crypto
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London Stock Exchange launches £1.2 trillion Microsoft-backed private fund market on blockchain
London Stock Exchange Group has launched a blockchain-based platform for private funds, completing the first transaction with MembersCap. Developed with Microsoft, the platform aims to streamline issuance, subscriptions, and post-trade servicing. The UK is also opening private markets with initiatives like PISCES, aiming to improve efficiency and reduce costs in fund administration.
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Ethereum developers set sight on introducing end-to-end privacy
The Ethereum Foundation’s ‘Privacy & Scaling Explorations’ team has rebranded to ‘Privacy Stewards of Ethereum’ (PSE) and aims to make privacy the norm on Ethereum. They will focus on private reads, writes, and proving to protect users and ensure privacy compliance with global regulations, making Ethereum a backbone of global freedom.
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Coinbase publishes guide to crypto asset listing process to bolster transparency
Coinbase CEO Brian Armstrong published the exchange’s token listing process to increase transparency. The process involves submitting an application, thorough review by legal and technical teams, security checks, and technical integration. The timeline for listing a token is generally less than 30 days, with factors like demand and team track-record affecting priority. Delay reasons include…
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The Bitcoin hashrate hit 1 zetahash per second; ‘how do people still not get it?’
This week, the Bitcoin hashrate reached 1 zetahash per second, making it more secure and powerful than ever. Dan Tapiero, a macro investor and Bitcoin advocate, emphasized the significance of this milestone. The high hashrate signifies strong protection against attacks and potential price rallies in the future, highlighting Bitcoin’s unmatched security and reliability in the…
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Institutions like Strategy and Metaplanet now hold 12.3% of the total Bitcoin supply
Institutional money, funds, and public companies now hold 12.3% of all Bitcoin supply, a dramatic increase over the past year. Entities like ETFs, sovereign funds, and corporate treasuries collectively hold billions of dollars worth of BTC. Strategies from firms like Strategy and Metaplanet are setting new standards in Bitcoin treasury management. JPMorgan and other Wall…
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Russia is likely buying silver for its reserves
Russia’s potential purchase of silver for its reserves is causing significant impact on the precious metals market. This move, alongside a trend of central banks globally buying gold, reflects a shift towards tangible assets as a hedge against economic instability. This could drive silver to new highs and highlight its strategic importance in a world…
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Beyond stablecoins, what’s fueling the tokenized RWA $30T explosion? Insights from Polygon Labs
Slate Sundays features in-depth interviews and analysis on tokenized real-world assets (RWAs) in the crypto market. The industry is growing rapidly, led by stablecoins like Ethereum. Despite technical advancements, challenges like regulatory hurdles and liquidity bottlenecks remain. The U.S., Singapore, Europe, and the Middle East are leading in regulatory preparation for the sector. Idle capital…
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Ethereum founder Vitalik Buterin calls ‘AI governance’ a “bad idea”
Vitalik Buterin criticizes the use of AI for governance, citing potential flaws in security. Eito Miyamura highlighted a vulnerability in ChatGPT that allows for data exploitation. Buterin proposes an alternative approach called info finance, which involves an open market for model contributions with spot checks by human jurors. He warns against the risks of using…
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$7.5T in US money market funds could soon be seeking a new home
$7.5 trillion is now parked in U.S. money market funds, a record high that traders are closely watching as the Fed prepares to cut rates. This massive amount of cash could flood into risk assets like tech stocks and Bitcoin, signaling a shift in the market landscape with potential for significant gains.
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23 cents of every tax dollar goes to pay interest on U.S. debt
The United States is facing a fiscal crisis with its debt exceeding $37.43 trillion. Interest payments on this debt consume a significant portion of tax revenue. Despite record-breaking tariff revenues, the debt continues to grow, leading to increased interest costs. Alternative stores of value like Bitcoin and gold are gaining popularity as fiscal concerns mount.