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BlackRock Wants Exchanges Using BUIDL as Derivatives Collateral
BlackRock is reportedly reaching out feelers to some of the world’s largest crypto exchanges for a potentially lucrative business deal. It wants them to allow BUIDL as collateral for derivatives trades, directly competing with Tether. As of yet, few of the involved parties have gone on the record with specific details. BlackRock’s Collateral Strategy BlackRock aims to integrate its BUIDL tokenized fund into crypto derivatives trading as collateral, according to a Bloomberg report. The BUIDL fund, officially called the BlackRock USD Institutional Digital Liquidity fund, has seen significant success this year, boosting real-world asset (RWA) tokens. BlackRock, alongside its brokerage...
Expert Insights: Best 7 Cryptos to Buy Before December 2024
You are here: Home / News / Expert Insights: Best 7 Cryptos to Buy Before December 2024 Are you looking to make the most of your crypto investments in 2024? With the market brimming with potential, it’s the perfect time to identify projects that stand out for their innovation and long-term prospects. Picking the best cryptos now could be your ticket to life-changing returns. Among the standout names, Qubetics is carving a niche with its multi-chain wallet, solving real-world challenges and setting a new benchmark in the blockchain space. Alongside other promising altcoins, it’s clear these projects are leading the...
US Bitcoin spot ETFs bleed $168 million amid market chaos, Ether ETFs gain
Grayscale's Bitcoin Mini Trust received almost $29 million, becoming the Bitcoin ETF with the most daily outflows. Key Takeaways Grayscale and Fidelity Bitcoin funds each saw around $69 million in withdrawals on Monday. Ethereum ETFs logged nearly $49 million in net inflows, contrasting with Bitcoin's heavy outflows. Investors pulled approximately $168 million from the group of nine US spot Bitcoin exchange-traded funds (ETFs) on Monday, bringing the total net outflows for two consecutive days to $405 million, according to data from Farside Investors. Meanwhile, spot Ethereum ETFs collectively logged nearly $49 million in net inflows. Grayscale’s Bitcoin ETF (GBTC) and...
