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Morgan Stanley discloses US spot bitcoin ETF holdings worth over $270 million in filing
Morgan Stanley discloses US spot bitcoin ETF holdings worth over $270 million in filing

Morgan Stanley has emerged as one of the top holders of U.S. spot bitcoin ETFs as of March 31, according to a Wednesday 13F filing with the SEC.The multinational investment bank and financial services company disclosed holding $269.9 million worth of Grayscale’s GBTC and $2.3 million of Ark Invest’s ARKB.

The Block·2024/05/16 12:49
PancakeSwap offers to pay off interface fees for Uniswap users
PancakeSwap offers to pay off interface fees for Uniswap users

PancakeSwap will pay up to $8 million to Uniswap users who have paid high interface fees on its competitor’s platform. Eligible traders must match their Uniswap v3 holdings on PancakeSwap v3. The reimbursement campaign comes after Uniswap hiked its interface fees from .15% to .25% in April.

The Block·2024/05/16 12:40
Solana DEX Drift opens airdrop claims for 120 million tokens with bonus
Solana DEX Drift opens airdrop claims for 120 million tokens with bonus

Drift Foundation has officially launched its token and opened airdrop claims. The airdrop consists of 120 million DRIFT tokens with a bonus component.

The Block·2024/05/16 12:04
Notcoin goes live on TON blockchain, airdrops over 80 billion tokens
Notcoin goes live on TON blockchain, airdrops over 80 billion tokens

Viral web3 clicker game Notcoin has launched its cryptocurrency on the TON blockchain. Over 80 billion NOT tokens have been airdropped to participants amid crypto exchange listings.

The Block·2024/05/16 12:04
Memecoins outperform wider crypto market as 'fast money remains focused'
Memecoins outperform wider crypto market as 'fast money remains focused'

The memecoin market cap today stands at $58 billion — having gained 10% in the last 24 hours — according to CoinGecko data.In contrast, the total cryptocurrency market cap increased by 5.5% over the same period, with the bitcoin price posting a 6% uptick.

The Block·2024/05/16 11:19
Bitcoin surges past $66,000 in volatile move, triggering spike in short liquidations
Bitcoin surges past $66,000 in volatile move, triggering spike in short liquidations

Bitcoin short liquidations have spiked above $48 million in the past 24 hours.Bitcoin’s price has increased over 6% during this time, currently trading at $66,300

The Block·2024/05/16 10:07
MakerDAO founder says fully decentralized 'PureDai' will launch in few years
MakerDAO founder says fully decentralized 'PureDai' will launch in few years

MakerDAO founder Rune Christensen said a future token named PureDai will serve as a fully decentralized alternative to Dai. PureDai will use ether and stETH as collateral and will have a free-floating peg. Dai holders will have the option to upgrade to PureDai once it becomes available, which is expected in a few years.

The Block·2024/05/16 09:40
Flash
01:34
Forbes: Stablecoin technology has matured, but compliance and localized infrastructure are the real bottlenecks for mass adoption
According to ChainCatcher, Forbes reports that although stablecoin trading volumes have exceeded $10 trillion over the past year, most activity remains concentrated in crypto-native sectors such as trading, arbitrage, and settlement between protocols, with limited application in everyday commercial payments. WasabiCard CEO Ray Yang pointed out that the transfer of funds itself is no longer the core issue; licenses, compliance, risk management, and banking capabilities are now the key foundations for achieving large-scale adoption. Forbes notes that while stablecoin settlements can significantly improve cross-border payment efficiency, each market has different compliance standards, licensing requirements, and banking relationships. Building localized compliance on a market-by-market basis is both slow and costly, creating a contradiction with the instant global settlement that stablecoins promote. The current stablecoin market now exceeds $320 billion, and industry discussion is shifting from whether stablecoins can replace existing networks to how they can be integrated into them. Forbes believes that the problem of the last decade was moving money, while the challenge of this decade is ensuring global payments can operate compliantly and at scale in a fragmented regulatory environment.
01:33
Bitcoin market capitalization shrinks by $235 billion, significant growth in tokenized assets observed
According to a Bloomberg report, Bitcoin's market value has decreased by about $23.5 billion this year, while the total altcoin market cap has fallen from $43.1 billion in November 2021 to approximately $17 billion. Despite this, annual stablecoin trading volume has reached $390 billion, and stablecoins are integrating into global payment systems. Wall Street companies are accelerating the tokenization of stocks, bonds, and money market funds. BlackRock's tokenized money market fund BUIDL now has assets valued at $2.4 billion. Nasdaq has partnered with an exchange to offer tokenized stocks, and currently, over $3 billion in assets have been tokenized.
01:31
Odaily Morning News
1. Serenity: Caution should be taken regarding Bank of America's bearish outlook; a wave of negative news often occurs because institutions need liquidity. 2. The U.S. stock market capitalization to GDP ratio has risen to 238%, reaching an all-time high. 3. "Set 10 Major Goals First" has closed half of their BTC positions, realizing a profit of 4.88 million USD. 4. Bitwise deposited 50,480 HYPE tokens worth 3.28 million USD into FalconX. 5. A whale increased their holdings by another 23.29 million USD, with a current total value of BTC and ETH positions exceeding 142 million USD. 6. Humanity Protocol related addresses continue to lose funds, with losses now over 31 million USD. 7. Arthur Hayes: Rising oil prices, AI-related IPOs, and anti-AI comments by Trump may burst the AI bubble and drag down the crypto market. 8. Suspected new Bitmine wallet received 25,000 ETH from an exchange, valued at 42.03 million USD. 9. Israeli media: Trump is pressuring Netanyahu to stop escalating strikes against Iran. 10. OpenAI revealed that it has secretly filed for an IPO.
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