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Institutional investments in Solana blockchain DApps up 54% in Q3

Institutional investments in Solana-based applications surged to $173 million in Q3 2024, marking a significant increase, according to a Messari report.

Update Nov. 1, 2:29 pm UTC: This article has been updated to include quotes from Messari Protocol Services.

Institutional investments in Solana-native blockchain applications have seen a resurgence in the third quarter of 2024.

During the third quarter, 29 Solana-based decentralized applications (DApps) raised a cumulative $173 million, marking a more than 54% increase compared to the previous quarter.

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3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

Ethereum validators up 30% in a year, driven by institutional adoption

Institutional interest is increasing thanks to the capital efficiency introduced by restaking and liquid staking.

Ethereum validators recorded significant growth during the past year, highlighting the continued institutional adoption of cryptocurrencies.

The number of Ethereum validators increased by more than 30% during the past year, exceeding one million for the first time in June 2024, up from 824,300 in September 2023, according to a research report from Flipside Crypto shared with Cointelegraph.

The rise in validators is attributed to growing institutional interest, spurred by developments in the restaking and liquid staking sectors, said Carlos Mercado, a data scientist at Flipside Crypto.

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3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

Tokenized asset market to hit $10T by 2030: Chainlink report

Despite current crypto market volatility, Chainlink projects rapid growth in tokenized assets, driven by institutional demand and regulatory advancements.

Chainlink, a decentralized oracle provider, has released a report forecasting that the global tokenized asset market could surge to $10 trillion by 2030.

Chainlink outlines how institutional adoption and regulatory progression drive the rise of tokenized assets globally despite the recent volatility in cryptocurrency markets.

The report draws on insights from a report by 21.co, a blockchain-focused fintech company, and a joint study by BCG, a management consulting firm, and ADDX, a digital securities exchange.

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3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

Securitize Selects Wormhole as Official Blockchain Interoperability Provider

Securitize Selects Wormhole as Official Blockchain Interoperability ProviderReal-world-asset (RWA) tokenization infrastructure provider Securitize has chosen Wormhole as its official interoperability provider to facilitate cross-chain transfers for all tokenized assets on its platform. The partnership aims to enhance liquidity and accessibility for tokenized assets while bridging traditional and decentralized finance systems. Securitize Enhances Tokenized Asset Liquidity Through Wormhole Integration According to the announcement […]

3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

DBS Bank to Launch OTC Crypto Options Trading for Institutional Clients in Q4 2024

DBS Bank to Launch OTC Crypto Options Trading for Institutional Clients in Q4 2024DBS Bank, Singapore’s largest bank, has announced plans to launch over-the-counter (OTC) crypto options trading and structured notes for institutional clients in Q4 2024. This new offering will allow institutional investors to gain exposure to bitcoin and ethereum, the two largest cryptocurrencies by market capitalization. The initiative aims to provide sophisticated tools for managing digital […]

3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

Standard Chartered Launches Bitcoin and Ethereum Custody in UAE

Standard Chartered Launches Bitcoin and Ethereum Custody in UAEStandard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, initially focusing on bitcoin and ethereum. Brevan Howard Digital is the first client, and the bank plans further expansion into additional digital assets. […]

3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

Semler Scientific Acquires More Bitcoin, Citing Institutional Adoption Growth

Semler Scientific Acquires More Bitcoin, Citing Institutional Adoption GrowthSemler Scientific has purchased 83 more bitcoins for $5 million, bringing its total holdings to 1,012 BTC. The company expressed optimism about the increasing institutional adoption of bitcoin, emphasizing: “We believe this increasing institutionalization will drive value for both bitcoin prices and for our stockholders.” Semler Scientific Expands Bitcoin Holdings Amid Growing Institutional Interest Semler […]

3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

Blockchain and Nation-State Infrastructure: Why Bother?

Blockchain and Nation-State Infrastructure: Why Bother?We listen to talk after talk about crypto finally achieving asset-class legitimacy, but truly speaking, the encroachment of Wall Street giants into the blockchain space is a double-edged sword. The following is an opinion editorial written by Karel Kubat, Founder of Union Labs. As blockchain enthusiasts, we’ve long championed decentralization, transparency, and democratized access—the 2008 […]

3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

Bitcoin to Reach $87K in 2024 and $383K by 2030, Finder Survey Predicts

Bitcoin to Reach K in 2024 and 3K by 2030, Finder Survey PredictsBitcoin (BTC) is poised for substantial price increases in the coming years, according to a recent survey by Finder. The survey, conducted in July 2024, gathered insights from 32 crypto industry specialists, predicting that bitcoin could reach $87,169 by the end of 2024 and surge to $383,514 by 2030. Crypto Specialists Predict Bullish Long-Term Outlook […]

3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

Digital Assets Thrive in H1 2024, CME and Glassnode Report Finds

Digital Assets Thrive in H1 2024, CME and Glassnode Report FindsDigital assets showed significant growth in the first half of 2024, driven by increased institutional interest and the approval of spot bitcoin ETFs. According to a report from CME Group and Glassnode, these factors have cemented digital assets as a crucial asset class with unique opportunities and inherent risks. Institutional Interest Drives Digital Asset Growth […]

3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves