A tokenized version of NVIDIA stock called rNVDA, issued by Reality Protocol on Arbitrum One, saw its market cap rise by about $18 million in 30 days, reaching $20.56 million. Each rNVDA token is backed 1:1 by actual NVIDIA shares held by a FINRA-registered custodian, allowing holders to receive dividends in stablecoins and benefit from corporate actions automatically. This tokenized equity can be traded instantly on decentralized platforms and used in DeFi, offering advantages over traditional stock trading. Reality Protocol has expanded its tokenized equities to 69 assets, with rNVDA among the top three by market cap, signaling growing investor interest in tokenized stocks despite regulatory uncertainties.
Ripple's stablecoin RLUSD saw a $14.4 million mint on the XRP Ledger, part of $39.4 million in mint-and-burn transactions across XRP Ledger and Ethereum. RLUSD's market cap rose to about $2.4 billion, with Ethereum holding a larger share of the suppl...
Roivant Sciences Ltd. (ROIV) recently received approval for LISRAYA, providing a solid commercial foundation for the company. Additionally, their drug brepocitinib has potential to expand into a broader immunology franchise. ROIV's pulmonary drug can...
Social Security benefits are projected to drop by 22% by 2032, forcing average Americans to increase their retirement savings by over 30%. To address this, a diversified portfolio focusing on income through high-quality dividend-paying stocks like An...
Bitcoin ETFs experienced a fourth consecutive day of outflows, losing $13.29 million on September 11 and $462.73 million over the week, with BlackRock's IBIT seeing significant withdrawals. In contrast, Ethereum ETFs attracted $216.41 million in infl...
Grayscale has filed to convert its Litecoin Trust (LTCN) into an ETF, proposing a name change to Grayscale Litecoin Trust ETF while retaining the LTCN ticker. This move aims to list LTCN on the NYSE Arca exchange, allowing share creation and redempti...
