BlackRock's BUIDL fund, a tokenized U.S. Treasury money market fund on the Avalanche blockchain, has rapidly grown its assets under management from $464 million to over $900 million in just one week. This surge highlights increasing institutional adoption of tokenized assets on Avalanche, making it the largest tokenized treasury product on-chain and the biggest real-world asset on Avalanche. Avalanche now ranks as the second-largest blockchain for BUIDL by AUM, signaling its growing importance in institutional tokenization, second only to Ethereum. This trend may influence broader blockchain adoption and impact Ethereum markets as well.
Avalanche (AVAX) traded around $10.30, down 2.38% in 24 hours, with a key resistance at $10.40. Analysts say reclaiming $10.40 is crucial before targeting $12.20 and potentially $13.00 after a close above $12.00. Short-term resistance levels are $10....
Polkadot (DOT) traded around $1.24, slightly down by 0.56% over 24 hours, staying within a recent range of $1.19 to $1.30. The token's price is testing resistance near $1.27, with technical indicators showing flat momentum and no clear directional sh...
A Hyperliquid address reduced its short position in Ether from 19,762.81 ETH (about $51.28 million) on October 7 to 10,032.42 ETH (about $25.09 million) by October 11. Ether was priced around $2,500 when the latest position was reported. This reducti...
Starknet (STRK) led the top 90 cryptocurrencies by market cap with a 52.54% gain in 24 hours, trading at $0.109. This surge extended its previous 45.02% rise. Other notable gainers included Aerodrome Finance (AERO) up 13.79% and Injective (INJ) up 7....
Worldcoin (WLD) surged 7.4% in the last 24 hours, outperforming many top cryptocurrencies despite a recent market correction that caused significant long liquidations. The price rebound led to some short liquidations, signaling renewed buying interes...
