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.
Jurrien Timmer, Fidelity's global macro director, suggests Bitcoin may have reached a critical support level around $60,000, indicating it could be in an accumulation zone. This assessment is based on a power law model that historically marks buying ...
Mark Lanier won a landmark $6 million verdict against Meta and Google, proving their platforms were designed to be addictive and harmful to children's mental health. The case, led by a young plaintiff named Kaley, exposed internal documents showing d...
XRP Ledger's payment volume has dropped sharply from over 1.3 billion XRP to just 40.5 million XRP in recent days, signaling a near-zero level of network payments. This decline is largely driven by the absence of large transfers from institutional or...
The Bitcoin Mining AI Infrastructure Index reportedly fell 16% over the past month, coinciding with an SEC filing from bitcoin miner TeraWulf indicating insider share transactions. This decline reflects investor concerns about insider liquidity and p...
Michael Saylor described Bitcoin as a network balanced by wallets, nodes, and miners, each holding different influence through capital, commerce, and computing power. His comments come amid debate over BIP 110, a proposal to limit certain non-payment...
