Weekly Update: 25 Apr 2024
1) BlackRock aware that RWAs are ‘multitrillion-dollar opportunity’ — Kinto co-founder [Cointelegraph]
– Kinto co-founder Victor Sanchez says real-world asset tokenization could be the future of finance and explains why BlackRock has decided to get in on the action.
2) Crypto exchange Woo X claims a first with tokenized treasury bills for retail investors [CoinDesk]
– The Woo X RWA earn vaults have been built in partnership with institutional tokenization firm OpenTrade.
3) Bitcoin ETF segment sees record-tying fifth straight day of outflows [Blockworks]
– However, BlackRock’s iShares Bitcoin Trust still continues to see daily positive net flows, despite the overall Bitcoin ETF segment facing a net outflow.
4) Ether ETFs are unlikely to be approved in May: Standard Chartered [CoinDesk]
– The bank reiterated its year-end bitcoin and ether targets of $150,000 and $8,000, respectively.
5) Funding wrap: Centrifuge raises $15M as investors bet on RWAs [Blockworks]
– Plus, Puffer joins the restaking round club and a Bitcoin Runes DEX announces seed funding.
6) Lummis-Gillibrand stablecoin bill is beneficial for issuers and could ‘spark M&A’: TD Cowen [The Block]
– There is a path forward for stablecoin legislation though the investment bank said there are “significant hurdles” ahead such as getting it attached to a broader package. Stablecoin legislation could also kindle M&A, TD Cowen added.
7) SEC seeks $5.3B judgment against Terraform Labs and Do Kwon [Blockchain News]
– The SEC is seeking $4.7 billion in disgorgement and prejudgment interest, along with $520 million in civil penalties.
8) Thailand to block access to ‘unauthorized’ crypto platforms [CoinDesk]
– Authorities in Thailand have decided to block “unauthorized” crypto platforms to increase the efficiency of law enforcement in solving the problem of online crime, an announcement on Friday last week said.
