UK firm buys 0M Bitcoin as analysts eye quiet Easter weekend

UK firm buys $250M Bitcoin as analysts eye quiet Easter weekend

Crypto firms and whales continue accumulating Bitcoin, as analysts predict a steady weekend for crypto valuations without White House announcements. Whales and institutions are increasing their Bitcoin holdings ahead of Easter, as market analysts predict a weekend with less volatility after two weeks of heightened volatility driven by escalating global trade tensions. London-based investment firm…

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Crypto, DeFi may widen wealth gap, destabilize finance: BIS report

Crypto, DeFi may widen wealth gap, destabilize finance: BIS report

The Bank for International Settlements warns that crypto and stablecoins may destabilize finance and widen inequality, urging stronger regulation in response. The growing adoption of cryptocurrencies may pose risks to the traditional financial system and exacerbate wealth inequality, according to the Bank for International Settlements (BIS). In an April 15 report, the BIS warned that…

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Tokenized stocks could top T in market cap — Execs

Tokenized stocks could top $1T in market cap — Execs

Though still a small slice of the RWA market, tokenized stocks are gaining traction as institutions eye faster, cheaper access to US equities. Tokenized stocks are on track to exceed $1 trillion in market capitalization in the coming years as adoption accelerates, two industry executives said at the TokenizeThis conference in New York.  The total…

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Canary Capital files for staked TRX ETF

Canary Capital files for staked TRX ETF

The ETF plans to hold and stake TRX, the native token of the Tron blockchain, which currently offers an annual yield of about 4.5%, according to StakingRewards.com. United States asset manager Canary Capital has filed to list an exchange-traded fund (ETF) holding the Tron blockchain network’s native token, TRX (TRX), regulatory filings show.  The fund…

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Analysts brace for Bitcoin slide on gloomy US manufacturing data

Analysts brace for Bitcoin slide on gloomy US manufacturing data

The Federal Reserve’s monthly manufacturing survey showed the sharpest decline in activity since 2020. Bitcoin’s spot price could take a hit after the US Federal Reserve reported some of the worst manufacturing data in recent history, according to several cryptocurrency analysts. On April 17, the Philadelphia Federal Reserve Manufacturing Index — a monthly survey of…

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