Shineco Inc. SISI shares are trading higher on Wednesday after the company announced the launch of what it calls the world’s first on-chain cell asset tokenization platform.

See what is happening to SISI stock here.

What To Know: To support the system, Shineco acquired a 51% stake in Xi’an Dong’ao Health Management, a company specializing in cryogenic cell storage and clinical applications. This deal, along with its earlier purchase of Singapore-based Infiniclone, gives Shineco the physical infrastructure needed to connect blockchain-based tokens with real-world cell storage and treatment.

The company said the platform is designed to cut costs, improve transparency, and create liquidity in…

Read more on Benzinga

Bill Miller IV, chairman and CIO of Miller Value Partners, on Wednesday said even minimal exposure from global retirement accounts could significantly boost Bitcoin’s BTC/USD valuation, highlighting what he sees as early but growing institutional interest.

What Happened: “There are $60 trillion worth of assets globally in retirement accounts with zero allocation right now to digital assets,” Miller said in a CNBC interview. “Every 1% allocation from that $60 trillion adds $30,000 to Bitcoin’s price.”

He argued that a 2% allocation to Bitcoin would be conservative when compared with traditional holdings in fiat assets.

“All of those assets are currently in a monetary framework whose…

Read more on Benzinga

This is a segment from the Lightspeed newsletter. To read full editions, subscribe.

When one thinks of DeFi’s greatest innovations, automated market makers (AMMs) come to mind.

Popularized by early OG teams like Bancor and Uniswap in 2018, AMMs enabled permissionless liquidity provision without the need for professional market makers to manage an order book.

This permissionless structure has immense benefits for bootstrapping markets around illiquid tokens, but it comes with many well-known tradeoffs. 

Since liquidity positions and execution is public, LPs are vulnerable to MEV attacks, manifesting in price impact and slippage problems for the end-user.

Protocol…

Read more on Blockworks

China is preparing to consider yuan-linked stablecoins as part of its efforts to expand the currency’s use worldwide, in what would represent a significant departure from its previous stance on digital assets.

What HappenedL The State Council, China’s cabinet, is expected to review a policy roadmap later this month that could authorize the issuance and use of yuan-backed stablecoins, Reuters reported on Wednesday.

The plan is likely to set targets for global yuan adoption and assign responsibilities to regulators such as the People’s Bank of China (PBOC), the report quoting sources said.

Senior leaders are also scheduled to meet before the end of August to discuss yuan internationalization…

Read more on Benzinga

This is a segment from the Empire newsletter. To read full editions, subscribe.

Everyone is searching for top signals.

It could be that crypto is destined to forever follow the global money supply. Any sign of the bull market’s end would then be buried in macroeconomic data. Boring!

Empire is all about giving a look behind the curtain of the crypto industry. 

So let’s instead draw a more interesting correlation: how many shares crypto’s richest executives are cashing in on the way up.

First, it’s worth making one thing clear: People are allowed to make money. If any of us were in the same position, there’s no doubt that we’d be offloading our equity as…

Read more on Blockworks

Anthony Scaramucci, the founder and managing partner of SkyBridge Capital, has revealed plans to tokenize approximately $300 million from two of the firm’s funds on Avalanche.

Disclosure: 82% of retail CFD accounts lose money

SkyBridge To Put 10% Of Assets On Avalanche Chain

Scaramucci’s SkyBridge Capital intends to convert a portion of its assets into tokenized form, a process that involves creating digital tokens representing real-world assets. These tokens can be traded easily on a blockchain, similar to cryptocurrencies like Bitcoin or stablecoins. The company will utilize the Avalanche AVX/USD blockchain, which currently hosts nearly $2 billion in assets, as per…

Read more on Benzinga