Franklin Templeton launches Benji on Ethereum in ‘milestone’ move

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

The Investor’s Guide to Blockchain Interoperability

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

The Trump Pump: A Road To Capture and Failure

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

Daily US Bitcoin ETFs Net Flow Analysis (As of November 13, 2024)

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.

Join CryptoCrunchApp on Telegram Channels – Click to Join

Elon Musk-Endorsed Peanut The Squirrel Surges 270% To $1.5 Billion Valuation: ‘Only More Wild Moves Ahead,’ Says Millionaire Trader

Peanut The Squirrel PNUT/USD has surged in both price and valuation, rewarding traders with substantial profits as it continues to attract attention.

What Happened: Analytics platform Lookonchain noted on Wednesday that one trader, who sold 19.4 million PNUT tokens for just 4.08 Solana SOL/USD (worth $697) at a $669 loss, missed a dramatic price increase.

PNUT surged after the sale, meaning the trader’s sold tokens would now be worth $17.5 million. Lookonchain highlighted the trader’s likely regret at the missed windfall.

Meanwhile, another whale pocketed an unrealized $16.8 million from PNUT and FRED trades in one week. This trader initially invested 11,582 SOL ($2.14…

Read more on Benzinga

Bitcoin May Hit $100,000 Faster Than Expected

Follow Nikolaus On X Here

It’s been just over seven days since Trump was re-elected as president of the United States, and bitcoin is up over $18,800 (25.3%) at the time of writing. And it’s currently steamrolling its way towards $100,000.

I cannot lie, this is all happening way faster than even I expected.

$100,000 has, for the last four years, been the magic number Bitcoiners have been laser-focused hitting. It felt like there was consensus among…

Read more on BitcoinMagazine

Will the Second Crypto President Be Like the First?

This is the dawning of the Age of Crypto. Again.

Number 47. The Bitcoin President. The Crypto President. The Cryptocurrency President.

But not: The Cryptography President.

Back when the word “crypto” meant “cryptography”, the personal computer and the rise of the internet were new tools of expressing freedom and power. The industry driving it was brand-new. New capabilities. New challenges. New regulations. At the center of it all was “cryptography”: a magic power that had once been reserved for secret agent missions and dapper 007 Bonds (not the financial kind). Except that it had reached the point where it was turning up in public and corporate software. The unlikely duo of…

Read more on BitcoinMagazine

LATEST: BlackRock’s Bitcoin ETF Hits $40 Billion, Joins Top 1% of ETFs

BlackRock’s Bitcoin ETF, managed under the ticker IBIT, has made financial history by accumulating over $40 billion in assets in just 211 days. This rapid growth has not only shattered the previous record set by the iShares Core MSCI Emerging Markets ETF, which took over three years to reach its peak, but also signals a burgeoning confidence in cryptocurrency investments among mainstream investors.

Eric Balchunas, a renowned ETF analyst, highlighted that IBIT now ranks in the top 1% of all ETFs in terms of total assets. This achievement is particularly notable given that the fund was launched less than a year ago, showcasing the increasing trust and investment flowing into digital currencies.

The success of IBIT reflects a significant shift in investment strategies, where digital assets are now viewed as crucial components of diversified portfolios. This milestone is a testament to the growing integration of cryptocurrencies within the broader financial landscape, promising a bright future for similar products.