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Quick Take Fidelity is launching an Ethereum-based share class called “OnChain” for its Treasury money market fund, issuing shares that are recorded on the blockchain network, according to a new filing. Fidelity will maintain traditional book-entry records as the official ownership ledger, though ownership will also be recorded on Ethereum, with records reconciled daily.
Quick Take President Trump made a rare direct reference to the Official Trump memecoin in a Truth Social post, calling it “the Greatest of them all.” His post sent the price of Official Trump rocketing upward, with trading volume spiking, though the price quickly retreated back down in the hours following the post. The token gained $400 million in value following the post, before giving back all but $100 million.