Miami Beach, FL – I attended Consensus here, where the air conditioning struggles against the collective body heat of people who believe blockchain will solve everything except perhaps bad breath. Morgan Stanley’s fresh spot bitcoin ETF, MSBT, has already hoarded over $200 million. The shocking part? Their own advisors were about as useful as a screen door on a submarine.
The world of tokenized finance expands, they tell us, with the arrival of STRC-a tokenized version of Strategy’s perpetual preferred stock. Ondo Finance, with great fanfare, announced this debut on X. A significant step, they claim, toward integrating traditional financial products with blockchain technology. Or, as I see it, another attempt to gild the crypto pig.
Cryptocurrency exchange-traded products saw five straight weeks of positive investment. However, a volatile week caused a shift in investor feelings. According to CoinShares, there was a large amount of money leaving the market mid-week, but this quickly reversed by Friday.
Despite past disagreements with the Bitcoin community, Garlinghouse says he hopes Bitcoin will ultimately succeed.
Fees on the TON network have plummeted faster than a debutante’s standards at a society ball. Not a gradual descent, mind you-six times lower, practically evaporated. Durov, ever the showman, announced it with a flourish on X, leaving the crypto crowd clutching their pearls.
According to Hayes, the value of Bitcoin is solely determined by the creation of new fiat money – essentially, when governments print more money.
State Street and Galaxy Digital have launched SWEEP, a new fund that uses blockchain technology to bring traditional cash and liquidity management services onto public blockchains, as reported by CoinDesk.
Brian Armstrong recently shared a message with employees detailing a difficult decision the company had to make, and his post has generated a lot of discussion within the crypto world.
Apparently, short sellers got the memo too late-or maybe they were too busy doom-scrolling Twitter-and got liquidated faster than a Kardashian marriage. Oopsie! The price breezed past the $80,000 mark, which is like the velvet rope of the crypto club. If you’re not in by now, are you even trying?
The Boomerang — The Throw