Frax Finance Eyes Blackrock’s BUIDL Token as Next-Gen Reserve Asset

December 28, 2024 Bitcoin.com

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Frax Finance, the issuer of the stablecoin frax usd (FRAX), which currently holds the ninth spot among fiat-pegged tokens by market capitalization, is weighing the addition of Blackrock’s BUIDL token as a reserve backing asset. A governance vote, scheduled to wrap up on Dec. 31, 2024, will decide the proposal’s fate. FIP-418: Frax Finance Weighs […]

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XRP price warning signs emerge after 300% gains in two months

December 27, 2024 Coin Telegraph

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Whale distribution and a convincing bearish reversal indicator set up XRP for further price declines in early 2025.

XRP’s price has rallied by over 300% in the past two months and was trading at $2.10 on Dec. 27. Still, warning signs suggest that XRP/USD may erase at least 25% of those gains in the short term.

XRP/USD daily price chart. Source: TradingView

XRP’s (XRP) recent losses come as its price trades within a descending triangle pattern, a bearish structure that typically signals further declines.

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Post-Christmas miracle as Bitcoin ETFs clinch inflow after 4-day bleed

December 27, 2024 Coin Telegraph

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US spot Bitcoin ETFs notched a positive net inflow after four trading days that bled over $1.5 billion.

United States Bitcoin exchange-traded funds (ETFs) saw net inflows the day after Christmas, stemming a four-trading day run of outflows totaling more than $1.5 billion.

The 11 ETFs together saw net inflows of $475.2 million on Dec. 26, led by $254.4 million worth of flows into the Fidelity Wise Origin Bitcoin Fund, per CoinGlass.

The ARK 21Shares Bitcoin ETF followed with $186.9 million in inflows, while BlackRock’s iShares Bitcoin Trust ETF (IBIT) took in $56.5 million.

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BlackRock’s Bitcoin ETF sees record outflow as funds bleed $1.5B in 4 days

December 25, 2024 Coin Telegraph

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BlackRock's Bitcoin ETF saw a record outflow on Christmas Eve amid a four-trading day outflow streak from US Bitcoin funds.

BlackRock’s Bitcoin exchange-traded fund (ETF) saw its largest-ever single-day outflow as Bitcoin funds notched a fourth straight trading day of outflows totaling more than $1.5 billion.

BlackRock’s iShares Bitcoin Trust ETF (IBIT) hit $188.7 million in outflows on Dec. 24, surpassing its previous record of $72.7 million set on Dec. 20, per CoinGlass data.

All 12 United States-based spot Bitcoin (BTC) ETFs saw joint total outflows hit $338.4 million on Christmas Eve. Since Dec. 19, the funds have seen joint net outflows of $1.52 billion.

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Securitize proposes BlackRock BUIDL fund as collateral for Frax USD

December 22, 2024 Coin Telegraph

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According to RWA.XYZ, BlackRock's US dollar Institutional Digital Liquidity Fund has roughly $549 million in assets under management.

Securitize, the brokerage firm for the tokenized BlackRock US dollar Institutional Digital Liquidity Fund (BUIDL), has submitted a Frax improvement proposal to add BUIDL as backing collateral for the Frax USD stablecoin.

According to the improvement proposal, using BUIDL as a collateral reserve asset provides yield opportunities, deeper liquidity and transfer options, and reduced counter-party risk due to the backing of the world's largest asset manager, BlackRock.

The proposal is still subject to a community vote before BUIDL — which invests in United States government securities — is added as a reserve asset for the proposed Frax USD stablecoin.

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Bitcoin ETFs Records Largest Net Outflows in One Day Since Launch As $671,900,000 Yanked Out Amid BTC Plunge

December 21, 2024 The Daily Hodl

Bitcoin ETFs Records Largest Net Outflows in One Day Since Launch As 1,900,000 Yanked Out Amid BTC Plunge

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New data from a crypto insights platform reveals that Bitcoin (BTC) exchange-traded funds (ETFs) saw the largest net outflows in one day since they launched in January. In a new thread on the social media platform X, market intelligence firm Spot On Chain says that Bitcoin ETFs witnessed hundreds of millions of dollars worth of […]

The post Bitcoin ETFs Records Largest Net Outflows in One Day Since Launch As $671,900,000 Yanked Out Amid BTC Plunge appeared first on The Daily Hodl.

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Turmoil: Blackrock’s Bitcoin Video Raises Questions About the 21 Million Hard Cap

December 20, 2024 Bitcoin.com

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Blackrock’s recently posted video explaining the basics of bitcoin to investors has raised questions about the staying power of the so-called hard cap issuance limit. In the video, Blackrock explains that there is “no guarantee” that the 21 million supply cap will not be changed, opening a debate on the ossification of the top cryptocurrency. […]

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Bitcoin ETFs flip gold funds in AUM: K33 Research

December 18, 2024 Coin Telegraph

Bitcoin

On Dec. 16, US spot and derivative Bitcoin ETFs collectively broke $129 billion in net assets, surpassing gold ETFs for the first time.

Net assets in United States Bitcoin (BTC) exchange-traded funds (ETFs) surpassed those in gold funds for the first time on Dec. 16 as institutional asset managers clamor for the cryptocurrency, according to data from K33 Research.

On Dec. 16, US BTC ETFs collectively broke $129 billion in assets under management (AUM), surpassing US gold ETFs, which held an amount just shy of that figure, according to a Dec. 17 post on the X platform by Vetle Lund, K33 Research’s head of research.

K33 Research is a digital asset researcher based in Norway.

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Arthur Hayes-Backed Ethena Labs Launches New Stablecoin Backed by BlackRock’s BUIDL

December 16, 2024 The Daily Hodl

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Ethena Labs is announcing the launch of a new US dollar-pegged stablecoin that will be backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). According to a new announcement from the Arthur Hayes-backed crypto protocol, the new stablecoin, USDtb, will be Ethena’s second stablecoin offering, following the project’s flagship stablecoin USDe. USDtb differs from other […]

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Ethena Labs Launches Stablecoin Backed by Blackrock’s BUIDL Fund

December 16, 2024 Bitcoin.com

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Ethena Labs has introduced USDtb, a stablecoin that’s got the backing of Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL). Ethena Unveils USDtb, a New Stablecoin With Blackrock Support Crafted in collaboration with Securitize, a top dog in real-world asset (RWA) tokenization, USDtb brings cash-backed steadiness and the magic of cross-chain operations to the table. This […]

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