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Fidelity has joined the ranks of BlackRock and UBS in the burgeoning market of tokenised Treasuries, which has surged to nearly $11 billion in value. The financial giant plans to launch an Ethereum-based money market fund, OnChain, primarily investing in US government bonds and cash, while maintaining traditional ownership records alongside blockchain transactions.
Brothers holding $WCT should take note: the voting for the $WCT transferability proposal opened on March 19 at 5 PM (UTC+8). Stakers are eligible to vote, impacting airdrop distributions of up to 18.5%, with voting weight based on the amount and duration of staking. The voting period runs until March 26, with a minimum one-week staking requirement.
Gold-backed stablecoins are predicted to surpass USD stablecoins in the market, according to Max Keiser. In related news, a commitment to ethical reporting is emphasized, ensuring transparency about potential conflicts of interest while maintaining the integrity and impartiality of the coverage provided.
Justin Sun has staked over $100 million in ETH, aiming for an annual yield of $3 million, amidst a bearish market for Ethereum. His investment has sparked speculation about insider knowledge and coincides with a surge in Tron meme coins, as he promotes their potential on social media. The market remains volatile, with analysts predicting possible dips in ETH prices, while Sun's hype has positively influenced the value of various TRX tokens.
Cumberland SG has received in-principle approval for the Major Payment Institution License from the Monetary Authority of Singapore, marking a significant step in expanding its operations in Asia. While this approval is not a full license, it paves the way for potential future licensing, contingent on meeting specific conditions. This development follows the recent dismissal of an unregistered securities case against the firm by the SEC. In related news, Best Wallet is gaining traction in the Web3 wallet space, boasting over 500,000 downloads and a successful presale for its native token, BEST, which is attracting investor interest as it aims to become a leader in self-custodial wallets.
The Bitcoin network hashrate increased by 2 EH/s in early March, averaging 811 EH/s, while U.S.-listed miners maintained a 30% share. Despite this rise, the average Bitcoin price fell by approximately 10%, leading to an 11% drop in daily mining revenue per EH/s compared to February. Overall, the market cap of tracked U.S. miners decreased by 13%, with only Argo Blockchain showing a slight gain.
XRP's market cap has surged from $330 million a decade ago to $127 billion, marking a 38,384% increase. If it reaches JPMorgan's market cap of $677 billion, the price of 1 XRP could soar to $11.6, a 429% increase from its current price of $2.35. Speculation around a potential settlement in the SEC vs. Ripple case is fueling bullish sentiment among XRP proponents.
XRP's market cap has surged from $330 million a decade ago to $127 billion, marking a 38,384% increase. If it reaches JPMorgan's market cap of $677 billion, the price of 1 XRP could soar to $11.6, a 429% increase from its current price of $2.35. Analysts remain optimistic, citing potential bullish trends amid ongoing legal developments.
Solana's upcoming protocol upgrades, set for a vote by validators in March, aim to enhance the network's long-term viability. However, these changes could significantly reduce validator earnings, leading to considerable controversy surrounding the proposed adjustments to staker rewards and the inflation rate of the SOL token.
Giancarlo Devasini, founder of Tether, is recognized as Ticino's wealthiest individual, with assets estimated between $7 and $9.2 billion. Living incognito in Lugano, he has become a pivotal figure in the cryptocurrency market, particularly through USDT, Tether's stablecoin, which boasts a capitalization exceeding $142 billion and serves as a crucial tool for international payments. Despite his influence, Devasini remains elusive, rarely engaging with the media.
Tokenomics and Crypto Economics
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Fidelity launches tokenised money market fund amid growing real world asset market
United States Dollar
Fidelity Contrafund
BlackRock, Inc.
Franklin Templeton - Franklin M
USA
Ian De Bode
Larry Fink
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16:55 25.03.2025
Voting opens for WCT transferability proposal with potential airdrop benefits
07:06 23.03.2025
gold-backed stablecoins poised to surpass usd stablecoins according to max keiser
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Justin Sun invests 100 million in Ethereum as Tron memes gain traction
13:49 19.03.2025
Cumberland secures approval for major payment license in Singapore
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bitcoin network hashrate rises as mining economics face challenges in march
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xrp price could soar to eleven dollars if it matches jp morgan market cap
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XRP price could soar to eleven dollars if it matches JPMorgan's market cap
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solana upgrades may enhance network health but reduce validator earnings
23:47 04.03.2025
giancarlo devasini the discreet billionaire behind tether's success
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