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BlackRock’s tokenized fund 'brings legitimacy' to public blockchains like Ethereum, Bernstein says
BlackRock’s tokenized fund 'brings legitimacy' to public blockchains like Ethereum, Bernstein says

BlackRock’s planned tokenized fund launch “brings legitimacy” to public smart contract chains like Ethereum, according to analysts at Bernstein. BlackRock unveiled the BUIDL tokenized private equity fund earlier this month, deepening its foray into digital assets after launching a spot bitcoin ETF.

The Block·2024/03/26 13:28
Spartan Capital leads $10 million strategic funding round for Bitcoin DeFi developer ALEX
Spartan Capital leads $10 million strategic funding round for Bitcoin DeFi developer ALEX

ALEX raised $10 million in a strategic funding round led by Spartan Capital. ALEX leverages Layer 2s, bridges, oracles and other infrastructure to create a Bitcoin-specific decentralized finance layer.

The Block·2024/03/26 13:05
BadgerDAO launches stETH-backed synthetic bitcoin, rewarding users for taking out loans
BadgerDAO launches stETH-backed synthetic bitcoin, rewarding users for taking out loans

BadgerDAO has launched eBTC — an ether-backed, synthetic bitcoin token in collaboration with liquid staking platform Lido. The token enables users to get paid to borrow synthetic bitcoin without any upfront fees or interest.

The Block·2024/03/26 13:05
An unidentified Bitcoin address just moved $6 billion in BTC to three new addresses
An unidentified Bitcoin address just moved $6 billion in BTC to three new addresses

A Bitcoin address that has been dormant since 2019 moved $6 billion of bitcoin over the weekend. It’s unclear who owns the address and it doesn’t appear to be affiliated with an exchange.

The Block·2024/03/26 11:35
Crypto Markets Add $150B Overnight as BTC, ETH Soar to 10-Day Peaks (Market Watch)
Crypto Markets Add $150B Overnight as BTC, ETH Soar to 10-Day Peaks (Market Watch)

The total crypto market has skyrocketed to over $2.8 trillion after dumping below $2.5 trillion last week.

Cryptopotato·2024/03/26 10:04
Flash
16:01
Trump Threatens New Strike on Iran Today, US Stocks Extend Losses, Gold Plunges 3.54% intraday
BlockBeats News, June 10th, according to Bitget market data, after Trump threatened to take action against Iran again today, the US stock market saw a further decline. The Nasdaq fell by nearly 1.5%, the Dow Jones fell by 1.2%, and the SP 500 Index dropped by 0.94%. Spot gold continued its decline, falling by over $20 in the short term, a daily decline of 3.54%. WTI and Brent crude oil both saw a short-term increase of over $1, with an intraday increase of 2%, now trading at $90.78 per barrel and $92.77 per barrel, respectively.
15:39
trade.xyz has launched perpetual contracts for Western Data (WDC), with up to 10x leverage.
BlockBeats News, June 10th, according to official sources, trade.xyz has launched perpetual contracts for the U.S. stock storage sector stock Western Digital (WDC), with up to 10x leverage.
14:48
Sickle Slashes at Index Fund Investors: S&P Dow Jones Indicates SpaceX Eligible for Fast Inclusion in Some Indexes
BlockBeats News, June 10th. Just as the scythe was swung towards index fund investors and American retirement savings accounts, S&P Dow Jones Indices has just announced that SpaceX is eligible for rapid inclusion in certain indexes. However, compared to other index providers, S&P has already shown some convergence. In addition to S&P Dow Jones Indices, other independent index providers have also adjusted their rules for mega IPOs like SpaceX to be quickly included in their indexes. FTSE Russell recently implemented a new rapid entry mechanism, allowing eligible mega-cap companies (such as SpaceX) to be included in the Russell 1000/2000/3000 and FTSE Global Equity Index Series just 5 trading days after listing, mainly based on market capitalization thresholds. Furthermore, Nasdaq (especially Nasdaq 100) has also introduced new "rapid entry" rules, allowing mega IPOs like SpaceX to be included approximately 15 trading days after listing, forcing ETFs and funds tracking the Nasdaq 100 to buy a large number of shares in the short term. Recently, S&P Dow Jones Indices made minor rule adjustments to some of its broad market indexes, mainly relaxing the requirements for public float. These indexes include the S&P Total Market Index and Dow Jones U.S. Total Stock Market Index. After the adjustment, newly listed companies with low public float but large market capitalization, like SpaceX, can be included shortly after listing without the need to meet the strict 12-month listing and profitability thresholds of the S&P 500. Fortunately, S&P will maintain its existing eligibility requirements for major benchmark indexes like the S&P 500, rejecting the proposal to accelerate the rapid inclusion of mega-cap companies like SpaceX in the benchmark index after listing. There will be no shortening of the current 12-month "seasoning period" for new listings, nor exemptions based on company size from the existing profitability and public float requirements. This means that SpaceX will have to wait at least one year after listing to be included in the S&P 500.
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