Franklin Templeton Funds Token Effort, Expands $410M to Ethereum Blockchain

Franklin Templeton’s OnChain U.S. Government Money Market Fund (FOBXX) has expanded to Ethereum, the world’s second-largest blockchain by market cap. FOBXX launched as the world’s first tokenised money market fund in 2021 on the Stellar blockchain and has previously expanded to the Avalanche, Base and Aptos networks. FOBXX is currently the third-largest tokenised money market […]

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Tether’s Hadron Platform Turns Stocks, Bonds, and Commodities into Tradable Tokens

Tether launched Hadron, a tokenisation platform for managing digital assets tied to real-world assets like stocks and bonds, targeting businesses, asset managers, and governments. Hadron features strict KYC and AML protocols and supports tokenised baskets of commodities, aligning with trends in commodity-backed assets. Tether’s third-quarter report shows US$2.5B in profits and US$134B in assets, highlighting […]

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Solana Surpasses Ethereum in Key Performance Metric for the First Time

Syncracy Capital’s November 12 report highlights Solana’s rapid growth across key blockchain metrics, including its Real Economic Value (REV), which hit 111% of Ethereum’s in October 2024, up from just 1% a year ago, showing a major increase in network activity. Memecoin speculation, with tokens like Goatseus Maximus, is testing Solana’s reliability, reminiscent of early […]

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Memecoin PNUT Soars 200%, Reaches $1 Billion Market Cap on Back of Heartbreak

Meme coins have shown strong market success in Trump’s burgeoning presidency, with cute animal mascots like Doge and Bonk particularly thriving.  The latest meme coin, Peanut the Squirrel, has quickly gained attention due to its charming theme and unfortunate background. In just three days, Peanut the Squirrel’s coin surged by over 1,500% and entered the […]

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BlackRock’s BUIDL Fund to Expand to New Blockchains Like Aptos, Avalanche and More

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has expanded to multiple blockchains, including Aptos, Arbitrum, Avalanche, Optimism, and Polygon, to boost accessibility and support its multi-chain tokenisation strategy. BUIDL’s multi-chain approach enables broader access for investors, DAOs, and digital asset firms, offering features like on-chain yield, dividend accrual, and near-instant peer-to-peer transfers. BNY Mellon backs […]

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US Ethereum ETFs Flooded with Cash as ETH Soars 27% in a Week

US Spot Ethereum ETFs saw a record inflow of US$295.5 million, with BlackRock’s ETHA and Fidelity’s FETH receiving the largest shares. Senior Bloomberg ETF analyst Eric Balchunas indicated that Ethereum funds are trending positively, though still trailing far behind Bitcoin ETFs. On the same day, Bitcoin ETFs also performed well, with BlackRock’s IBIT capturing three-quarters […]

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