Transaction URL: https://tronscan.org/#/transaction/df7ff6f1d3600bcf87a2f5e19cf662ea9c7582c8c85d3d5f34b3d54d54d90f11
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Blockchains, when implemented correctly, transcend borders. And US authorities can’t seem to stand it.
All anyone ever really needs to use crypto is a halfway decent device and an internet connection. Even by satellite.
To the blockchain itself, your location or nationality isn’t a factor. Bitcoin, Ethereum and Solana don’t care if you’re signing transactions from a cafe in Belize, a WeWork in New York or the mountains of Nepal.
But your IP address — and thus your approximate location — is logged when you use most services built on top of those blockchains. MetaMask collects…
Read more on Blockworks
Franklin Templeton has made a significant move by expanding its OnChain U.S. Government Money Market Fund (FOBXX) to Ethereum, the second-largest blockchain by market cap. This marks a key development in the asset manager’s strategy, having already added new blockchains like Coinbase’s Base, Aptos, and Avalanche earlier this year. Stellar remains the primary network, emphasizing the growing trust and utilization of public blockchains in mainstream finance.
Launched in 2021, FOBXX was the pioneer money market fund to utilize public blockchain technology for recording transactions and ownership, boasting a current market cap of $410 million. It ranks as the third-largest tokenized money market fund, trailing BlackRock’s BUIDL and Ondo’s USDY, which have rapidly accrued assets under management since their inception.
Ethereum’s adoption by Franklin Templeton not only underscores its status as a preferred platform for issuing tokenized assets but also aligns with Grayscale’s recent findings. Grayscale highlighted Ethereum’s meaningful decentralization and neutrality, essential for a global tokenization platform. This step by Franklin Templeton could set a benchmark for asset tokenization, potentially ushering in a new era for financial transactions on blockchain platforms.
Follow Frank on X.
On Tuesday, Breez announced its latest partner, Yopaki, a Mexican neobank. Yopaki has integrated with Breez’s free and open-source SDK, which enables its users to have a non-custodial Lightning wallet without having to run their own Lightning node. (More on how this works here.)
Before continuing, I have to say that I get a little bit jealous whenever Breez makes such announcements, because they make me wish that Breez could partner with…
Read more on BitcoinMagazine
After becoming the official game of the NFL Pro Bowl, as well as confirmed inclusion in the 2028 Summer Olympics, flag football is rapidly gaining global recognition as a safer and more easily scalable sports phenomenon. Across the International Federation of American Footballʼs 75 national member federations, flag football is expected to overtake tackle football worldwide in terms of organized participation opportunities in the next few years.
The event is led by an eleven-year NFL veteran Russell Okung, a Super Bowl Champion and a member of the Executive Committee of the NFL Players Association (NFLPA), and former Vice President of the NFLPA, who has been a powerful advocate for…
Read more on BitcoinMagazine
Franklin Templeton is launching its Benji tokenization platform on the Ethereum network, marking its fifth launch this year after Aptos, Avalanche, Arbitrum and Base. It was previously only available on Stellar and Polygon.
“The launch of our Benji platform on the Ethereum network represents an important milestone in our ongoing efforts to develop new and innovative blockchain solutions for our clients,” Franklin Templeton’s Sandy Kaul exclusively told us.
“We look forward to further exploring ways in which we can utilize the network’s Ethereum Virtual Machine and smart contract functionality to unlock new capabilities for our tokenized funds.”
According to…
Read more on Blockworks
Blockchain interoperability is mission-critical for the Web3 industry.
Bogged down by fragmented networks, siloed data, and poor user experiences, the industry continues to pour resources into solutions to overcome these barriers and achieve seamless communication across chains.
In this article, we’ll review the importance of blockchain interoperability, its current challenges, and the potential solutions offered by Union, a leading interoperability protocol that connects chains across ecosystems like Ethereum, Cosmos, Bitcoin L2s, and more through modular, permissionless, and hyper-efficient solutions.
Let’s get started with the basics.
Understanding blockchain… Read more on Blockworks
Well the “Trump Pump” seems to be ripping off spectacularly. Everyone is cheering, euphoric, happy, feeling on top of the world. Knock it off. Yes, the number is going up, everyone’s net worth (on paper) is increasing by the hour, but this is not a matter of celebration.
This is Bitcoin entering the gauntlet. These institutions, this administration, these high net worth individuals, they are not your friends. They are not here for the same reasons as…
Read more on BitcoinMagazine
On November 13, 2024, the daily net flow of U.S. Bitcoin ETFs continued to show positive trends with a total increase of 9,099 BTC across several funds. BlackRock’s Bitcoin ETF (Ticker: IBIT) maintained a dominant performance, recording a significant net inflow of 8,691 BTC. This was complemented by Grayscale’s BTC fund (Ticker: BTC) and Fidelity’s Bitcoin ETF (Ticker: FBTC) which saw net inflows of 324 BTC and 415 BTC, respectively.
However, not all funds experienced growth; ARK’s Bitcoin ETF (Ticker: ARKB) faced a net outflow of 60 BTC, and Invesco Galaxy’s (Ticker: BTCO) saw a decrease of 540 BTC. Other ETFs like Bitwise (Ticker: BITB), VanEck’s (Ticker: HODL), Valkyrie’s (Ticker: BRRR), and Franklin Templeton’s (Ticker: EZBC) had no changes in their Bitcoin holdings for the day.
Overall, the total Bitcoin holdings of these ETFs amounted to 1,045,941 BTC, with the total net inflow contributing significantly to the market value, which increased by approximately $840.1 million. This daily activity highlights strong investor interest and significant capital inflows into certain Bitcoin ETFs, signifying robust trading dynamics in the market.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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